Santos Ltd (STO) — Cash Flow Quality Index
Latest as of December 2025:
2.90x
Santos Ltd (STO) has a Cash Flow Quality Index of 2.90x as of December 2025. Operating cash flow of AU$1.12 Billion exceeds net income of AU$385.96 Million, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Santos Ltd to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
2.90x
Operating CF / Net Income
Operating Cash Flow
AU$1.12 Billion
AUD
Net Income
AU$385.96 Million
AUD
Data as of
Dec 2025
Most recent filing
Santos Ltd Cash Flow Quality Index (1997–2025)
Historical Cash Flow Quality Index for Santos Ltd across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Santos Ltd operating cash flow efficiency.
Annual Cash Flow Quality Index for Santos Ltd (1997–2025)
Year-by-year earnings quality comparison for Santos Ltd.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 3.12x | AU$2.65 Billion | AU$846.53 Million | ▲ +34.2% |
| 2024 | 2.33x | AU$2.85 Billion | AU$1.22 Billion | ▲ +1.2% |
| 2023 | 2.30x | AU$3.26 Billion | AU$1.42 Billion | ▲ +25.9% |
| 2022 | 1.83x | AU$3.86 Billion | AU$2.11 Billion | ▼ -47.1% |
| 2021 | 3.45x | AU$2.27 Billion | AU$658.00 Million | ▲ +13.7% |
| 2019 | 3.04x | AU$2.05 Billion | AU$674.00 Million | ▼ -14.5% |
| 2018 | 3.55x | AU$2.24 Billion | AU$630.00 Million | ▲ +26.7% |
| 2013 | 2.80x | AU$1.29 Billion | AU$460.20 Million | ▼ -14.6% |
| 2012 | 3.28x | AU$1.77 Billion | AU$539.19 Million | ▲ +93.8% |
| 2011 | 1.69x | AU$1.30 Billion | AU$769.57 Million | ▼ -31.5% |
| 2010 | 2.47x | AU$1.25 Billion | AU$507.80 Million | ▼ -13.0% |
| 2009 | 2.84x | AU$1.11 Billion | AU$389.86 Million | ▲ +128.1% |
| 2008 | 1.25x | AU$1.44 Billion | AU$1.15 Billion | ▼ -54.8% |
| 2007 | 2.76x | AU$1.06 Billion | AU$386.34 Million | ▲ +45.7% |
| 2006 | 1.89x | AU$1.22 Billion | AU$643.40 Million | ▲ +31.6% |
| 2005 | 1.44x | AU$1.10 Billion | AU$762.10 Million | ▲ +3.5% |
| 2004 | 1.39x | AU$475.77 Million | AU$342.60 Million | ▼ -38.1% |
| 2003 | 2.24x | AU$681.77 Million | AU$304.00 Million | ▲ +47.9% |
| 2002 | 1.52x | AU$450.90 Million | AU$297.30 Million | ▲ +114.0% |
| 2001 | 0.71x | AU$315.98 Million | AU$445.90 Million | ▼ -68.4% |
| 2000 | 2.24x | AU$607.29 Million | AU$271.15 Million | ▲ +33.3% |
| 1999 | 1.68x | AU$339.78 Million | AU$202.21 Million | ▼ -32.8% |
| 1998 | 2.50x | AU$268.69 Million | AU$107.51 Million | ▲ +17.7% |
| 1997 | 2.12x | AU$284.94 Million | AU$134.13 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.