China Merchants Securities Co. Ltd Cash Flow Quality Index
China Merchants Securities Co. Ltd cash flow quality index. China Merchants Securities Co. Ltd (195H) has a Cash Flow Quality Index of 6.02x as of March 2026. Operating cash flow of €19.69 Billion exceeds net income of €3.27 Billion, indicating high earnings quality where cash backs reported profits. Explore China Merchants Securities Co. Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of China Merchants Securities Co. Ltd (2017–2025)
Cash flow quality index of China Merchants Securities Co. Ltd from 2017 to 2025. Historical Cash Flow Quality Index for China Merchants Securities Co. Ltd across 9 annual periods. Values consistently above 1.0x indicate high-quality earnings. See how leveraged is China Merchants Securities Co. Ltd's balance sheet to measure how much of total assets are equity-financed.
China Merchants Securities Co. Ltd Cash Flow Quality Index by Year (2017–2025)
China Merchants Securities Co. Ltd cash flow quality index by year from 2017 to 2025. Year-by-year earnings quality comparison for China Merchants Securities Co. Ltd. For the full cash flow conversion analysis, see China Merchants Securities Co. Ltd cash conversion from operations.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -2.54x | €-31.37 Billion | €12.35 Billion | ▼ -148.2% |
| 2024 | 5.27x | €54.73 Billion | €10.39 Billion | ▼ -7.2% |
| 2023 | 5.68x | €49.65 Billion | €8.74 Billion | ▼ -26.7% |
| 2022 | 7.74x | €62.50 Billion | €8.07 Billion | ▲ +318.3% |
| 2021 | -3.55x | €-41.19 Billion | €11.61 Billion | ▼ -243.4% |
| 2020 | -1.03x | €-9.81 Billion | €9.49 Billion | ▼ -175.3% |
| 2019 | 1.37x | €9.99 Billion | €7.28 Billion | ▼ -82.2% |
| 2018 | 7.72x | €34.17 Billion | €4.42 Billion | ▲ +205.0% |
| 2017 | -7.35x | €-42.55 Billion | €5.79 Billion | — |