First Tractor Company Limited Cash Flow Quality Index

Latest as of June 2023: 2.98x

First Tractor Company Limited cash flow quality index. First Tractor Company Limited (FTP) has a Cash Flow Quality Index of 2.98x as of June 2023. Operating cash flow of €799.78 Million exceeds net income of €268.41 Million, indicating high earnings quality where cash backs reported profits. See FTP financial flexibility score to measure the company's free cash flow as a share of total liabilities.

Cash Flow Quality Index

2.98x
Operating CF / Net Income

Operating Cash Flow

€799.78 Million
EUR

Net Income

€268.41 Million
EUR

Data as of

Jun 2023
Most recent filing

Cash Flow Quality Index of First Tractor Company Limited (2013–2024)

Cash flow quality index of First Tractor Company Limited from 2013 to 2024. Historical Cash Flow Quality Index for First Tractor Company Limited across 11 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore First Tractor Company Limited debt service capacity to assess how comfortably operating cash covers total debt obligations.

First Tractor Company Limited Cash Flow Quality Index by Year (2013–2024)

First Tractor Company Limited cash flow quality index by year from 2013 to 2024. Year-by-year earnings quality comparison for First Tractor Company Limited. For the full cash flow conversion analysis, see FTP cash generation efficiency.

Year Quality Index Operating CF (EUR) Net Income YoY Change
2024 1.32x €1.22 Billion €922.02 Million ▲ +24.5%
2023 1.06x €1.06 Billion €997.02 Million ▼ -80.0%
2022 5.29x €3.60 Billion €681.05 Million ▲ +298.0%
2021 1.33x €582.28 Million €438.21 Million ▼ -70.2%
2020 4.46x €1.25 Billion €280.15 Million ▼ -17.1%
2019 5.38x €330.73 Million €61.48 Million ▲ +154.7%
2017 -9.84x €-556.31 Million €56.51 Million ▼ -205.0%
2016 9.37x €2.09 Billion €223.37 Million ▲ +98.8%
2015 4.71x €637.80 Million €135.32 Million ▲ +955.7%
2014 0.45x €74.87 Million €167.70 Million ▲ +171.6%
2013 -0.62x €-141.52 Million €227.08 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.