China Merchants Bank Co. Ltd (M4B) — Cash Flow Quality Index
China Merchants Bank Co. Ltd (M4B) has a Cash Flow Quality Index of 3.32x as of March 2026. Operating cash flow of €125.85 Billion exceeds net income of €37.85 Billion, indicating high earnings quality where cash backs reported profits. Explore M4B operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
China Merchants Bank Co. Ltd Cash Flow Quality Index (2013–2025)
Historical Cash Flow Quality Index for China Merchants Bank Co. Ltd across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does China Merchants Bank Co. Ltd generate cash.
Annual Cash Flow Quality Index for China Merchants Bank Co. Ltd (2013–2025)
Year-by-year earnings quality comparison for China Merchants Bank Co. Ltd.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 3.01x | €451.46 Billion | €150.18 Billion | ▼ -0.2% |
| 2024 | 3.01x | €447.02 Billion | €148.39 Billion | ▼ -7.5% |
| 2023 | 3.26x | €477.30 Billion | €146.60 Billion | ▼ -21.2% |
| 2022 | 4.13x | €570.14 Billion | €138.01 Billion | ▲ +172.1% |
| 2021 | 1.52x | €182.05 Billion | €119.92 Billion | ▼ -64.9% |
| 2020 | 4.33x | €421.33 Billion | €97.34 Billion | ▲ +8969.5% |
| 2019 | 0.05x | €4.43 Billion | €92.87 Billion | ▲ +110.8% |
| 2018 | -0.44x | €-35.72 Billion | €80.56 Billion | ▼ -449.6% |
| 2017 | -0.08x | €-5.66 Billion | €70.15 Billion | ▲ +95.8% |
| 2016 | -1.94x | €-120.61 Billion | €62.08 Billion | ▼ -128.0% |
| 2015 | 6.94x | €400.42 Billion | €57.70 Billion | ▲ +42.6% |
| 2014 | 4.87x | €272.17 Billion | €55.91 Billion | ▲ +111.4% |
| 2013 | 2.30x | €119.15 Billion | €51.74 Billion | — |