Ryanair Holdings plc (RYA) — Cash Flow Quality Index
Ryanair Holdings plc (RYA) has a Cash Flow Quality Index of 0.19x as of September 2025. Operating cash flow of €320.90 Million is below net income of €1.72 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore RYA operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Ryanair Holdings plc Cash Flow Quality Index (1996–2025)
Historical Cash Flow Quality Index for Ryanair Holdings plc across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Ryanair Holdings plc generate cash.
Annual Cash Flow Quality Index for Ryanair Holdings plc (1996–2025)
Year-by-year earnings quality comparison for Ryanair Holdings plc.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.12x | €3.42 Billion | €1.61 Billion | ▲ +28.7% |
| 2024 | 1.65x | €3.16 Billion | €1.92 Billion | ▼ -44.4% |
| 2023 | 2.96x | €3.89 Billion | €1.31 Billion | ▼ -8.8% |
| 2020 | 3.25x | €2.11 Billion | €648.70 Million | ▲ +39.2% |
| 2019 | 2.33x | €2.06 Billion | €885.00 Million | ▲ +51.5% |
| 2018 | 1.54x | €2.23 Billion | €1.45 Billion | ▲ +5.1% |
| 2017 | 1.46x | €1.93 Billion | €1.32 Billion | ▲ +23.7% |
| 2016 | 1.18x | €1.85 Billion | €1.56 Billion | ▼ -39.2% |
| 2015 | 1.95x | €1.69 Billion | €866.70 Million | ▲ +10.4% |
| 2014 | 1.77x | €1.04 Billion | €591.40 Million | ▲ +12.3% |
| 2013 | 1.57x | €1.02 Billion | €650.90 Million | ▼ -2.4% |
| 2012 | 1.61x | €1.02 Billion | €633.00 Million | ▼ -13.7% |
| 2011 | 1.87x | €786.30 Million | €420.90 Million | ▼ -26.9% |
| 2010 | 2.56x | €871.50 Million | €341.00 Million | ▲ +33.0% |
| 2007 | 1.92x | €869.85 Million | €452.51 Million | ▲ +6.8% |
| 2006 | 1.80x | €610.57 Million | €339.26 Million | ▲ +4.6% |
| 2005 | 1.72x | €530.51 Million | €308.28 Million | ▼ -6.3% |
| 2004 | 1.84x | €462.06 Million | €251.62 Million | ▲ +25.1% |
| 2003 | 1.47x | €351.00 Million | €239.05 Million | ▼ -28.4% |
| 2002 | 2.05x | €333.75 Million | €162.63 Million | ▲ +0.9% |
| 2001 | 2.03x | €229.80 Million | €113.04 Million | ▼ -1.5% |
| 2000 | 2.06x | €149.57 Million | €72.44 Million | ▼ -4.7% |
| 1999 | 2.17x | €124.41 Million | €57.42 Million | ▲ +32.5% |
| 1998 | 1.64x | €92.05 Million | €56.28 Million | ▲ +962.6% |
| 1997 | 0.15x | €2.52 Million | €16.40 Million | ▼ -90.5% |
| 1996 | 1.63x | €39.70 Million | €24.38 Million | — |