Saha Pathana Inter-Holding PCL (SPI) — Cash Flow Quality Index
Saha Pathana Inter-Holding PCL (SPI) has a Cash Flow Quality Index of -0.25x as of March 2026. Operating cash flow of ฿-140.66 Million is below net income of ฿554.61 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore SPI operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Saha Pathana Inter-Holding PCL Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for Saha Pathana Inter-Holding PCL across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see SPI operating cash flow.
Annual Cash Flow Quality Index for Saha Pathana Inter-Holding PCL (2004–2025)
Year-by-year earnings quality comparison for Saha Pathana Inter-Holding PCL.
| Year | Quality Index | Operating CF (THB) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | ฿1.06 Billion | ฿2.28 Billion | ▲ +360.7% |
| 2024 | -0.18x | ฿-590.51 Million | ฿3.32 Billion | ▼ -54.1% |
| 2023 | -0.12x | ฿-357.66 Million | ฿3.09 Billion | ▼ -183.0% |
| 2022 | 0.14x | ฿487.01 Million | ฿3.50 Billion | ▲ +390.2% |
| 2021 | -0.05x | ฿-163.63 Million | ฿3.41 Billion | ▼ -244.1% |
| 2020 | 0.03x | ฿75.83 Million | ฿2.28 Billion | ▼ -42.6% |
| 2019 | 0.06x | ฿131.26 Million | ฿2.26 Billion | ▼ -11.4% |
| 2018 | 0.07x | ฿171.68 Million | ฿2.62 Billion | ▼ -78.8% |
| 2017 | 0.31x | ฿1.07 Billion | ฿3.49 Billion | ▼ -50.6% |
| 2016 | 0.62x | ฿971.64 Million | ฿1.56 Billion | ▼ -9.8% |
| 2015 | 0.69x | ฿851.45 Million | ฿1.23 Billion | ▲ +8.6% |
| 2014 | 0.64x | ฿746.85 Million | ฿1.17 Billion | ▼ -1.7% |
| 2013 | 0.65x | ฿853.71 Million | ฿1.32 Billion | ▲ +14.2% |
| 2012 | 0.57x | ฿741.29 Million | ฿1.31 Billion | ▲ +29.9% |
| 2011 | 0.44x | ฿446.49 Million | ฿1.02 Billion | ▲ +61.6% |
| 2010 | 0.27x | ฿276.23 Million | ฿1.02 Billion | ▼ -54.3% |
| 2009 | 0.59x | ฿594.12 Million | ฿1.00 Billion | ▲ +33.7% |
| 2008 | 0.44x | ฿413.80 Million | ฿934.34 Million | ▼ -21.5% |
| 2007 | 0.56x | ฿333.96 Million | ฿592.04 Million | ▼ -9.4% |
| 2006 | 0.62x | ฿448.80 Million | ฿720.73 Million | ▲ +19.0% |
| 2005 | 0.52x | ฿440.17 Million | ฿841.02 Million | ▲ +12.2% |
| 2004 | 0.47x | ฿360.88 Million | ฿773.58 Million | — |