Qualitas Ltd (QAL) — Cash Flow Quality Index
Latest as of December 2025:
-4.58x
Qualitas Ltd (QAL) has a Cash Flow Quality Index of -4.58x as of December 2025. Operating cash flow of AU$-95.09 Million is below net income of AU$20.74 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Qualitas Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-4.58x
Operating CF / Net Income
Operating Cash Flow
AU$-95.09 Million
AUD
Net Income
AU$20.74 Million
AUD
Data as of
Dec 2025
Most recent filing
Qualitas Ltd Cash Flow Quality Index (2018–2025)
Historical Cash Flow Quality Index for Qualitas Ltd across 8 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Qualitas Ltd cash flow conversion.
Annual Cash Flow Quality Index for Qualitas Ltd (2018–2025)
Year-by-year earnings quality comparison for Qualitas Ltd.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.64x | AU$21.48 Million | AU$33.41 Million | ▼ -76.8% |
| 2024 | 2.77x | AU$72.39 Million | AU$26.18 Million | ▲ +372.2% |
| 2023 | -1.02x | AU$-22.89 Million | AU$22.54 Million | ▼ -131.7% |
| 2022 | 3.21x | AU$58.27 Million | AU$18.17 Million | ▲ +508.8% |
| 2021 | 0.53x | AU$6.57 Million | AU$12.48 Million | ▼ -25.3% |
| 2020 | 0.70x | AU$1.30 Million | AU$1.84 Million | ▲ +110.3% |
| 2019 | -6.88x | AU$-19.24 Million | AU$2.80 Million | ▼ -143.7% |
| 2018 | 15.74x | AU$181.30 Million | AU$11.52 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.