Bangkok Expressway and Metro PCL F (B4X) — Cash Flow Quality Index

Latest as of March 2026: -6.80x

Bangkok Expressway and Metro PCL F (B4X) has a Cash Flow Quality Index of -6.80x as of March 2026. Operating cash flow of €-5.95 Billion is below net income of €874.78 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Bangkok Expressway and Metro PCL F (B4X) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-6.80x
Operating CF / Net Income

Operating Cash Flow

€-5.95 Billion
EUR

Net Income

€874.78 Million
EUR

Data as of

Mar 2026
Most recent filing

Bangkok Expressway and Metro PCL F Cash Flow Quality Index (2016–2025)

Historical Cash Flow Quality Index for Bangkok Expressway and Metro PCL F across 10 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see B4X operating cash flow.

Annual Cash Flow Quality Index for Bangkok Expressway and Metro PCL F (2016–2025)

Year-by-year earnings quality comparison for Bangkok Expressway and Metro PCL F.

Year Quality Index Operating CF (EUR) Net Income YoY Change
2025 -2.93x €-11.09 Billion €3.78 Billion ▼ -157.4%
2024 -1.14x €-4.29 Billion €3.77 Billion ▼ -162.4%
2023 1.83x €6.35 Billion €3.48 Billion ▼ -21.0%
2022 2.31x €5.63 Billion €2.44 Billion ▼ -18.6%
2021 2.84x €2.87 Billion €1.01 Billion ▲ +8.9%
2020 2.61x €5.35 Billion €2.05 Billion ▲ +83.2%
2019 1.42x €7.74 Billion €5.43 Billion ▼ -6.1%
2018 1.52x €8.07 Billion €5.32 Billion ▼ -33.7%
2017 2.29x €7.15 Billion €3.12 Billion ▲ +55.1%
2016 1.48x €3.85 Billion €2.61 Billion
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.