ZTE Corporation (FZM) — Cash Flow Quality Index

Latest as of September 2023: 1.20x

ZTE Corporation (FZM) has a Cash Flow Quality Index of 1.20x as of September 2023. Operating cash flow of €2.84 Billion exceeds net income of €2.37 Billion, indicating high earnings quality where cash backs reported profits. Explore ZTE Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.20x
Operating CF / Net Income

Operating Cash Flow

€2.84 Billion
EUR

Net Income

€2.37 Billion
EUR

Data as of

Sep 2023
Most recent filing

ZTE Corporation Cash Flow Quality Index (2013–2025)

Historical Cash Flow Quality Index for ZTE Corporation across 11 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see ZTE Corporation cash conversion from operations.

Annual Cash Flow Quality Index for ZTE Corporation (2013–2025)

Year-by-year earnings quality comparison for ZTE Corporation.

Year Quality Index Operating CF (EUR) Net Income YoY Change
2025 0.70x €3.92 Billion €5.62 Billion ▼ -48.8%
2024 1.36x €11.48 Billion €8.42 Billion ▼ -27.0%
2023 1.87x €17.41 Billion €9.33 Billion ▲ +99.0%
2022 0.94x €7.58 Billion €8.08 Billion ▼ -59.4%
2021 2.31x €15.72 Billion €6.81 Billion ▼ -3.9%
2020 2.40x €10.23 Billion €4.26 Billion ▲ +77.3%
2019 1.35x €7.45 Billion €5.50 Billion ▼ -4.9%
2017 1.42x €7.22 Billion €5.07 Billion ▼ -30.3%
2015 2.04x €7.40 Billion €3.62 Billion ▲ +114.1%
2014 0.95x €2.51 Billion €2.63 Billion ▼ -49.7%
2013 1.90x €2.57 Billion €1.36 Billion
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.