Firstrand Ltd (FSR) — Cash Flow Quality Index
Firstrand Ltd (FSR) has a Cash Flow Quality Index of 1.78x as of December 2025. Operating cash flow of ZAC42.71 Billion exceeds net income of ZAC24.04 Billion, indicating high earnings quality where cash backs reported profits. Explore Firstrand Ltd (FSR) investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Firstrand Ltd Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for Firstrand Ltd across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Firstrand Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Firstrand Ltd (2004–2025)
Year-by-year earnings quality comparison for Firstrand Ltd. For live market cap and the full company financial profile, see FSR market cap overview.
| Year | Quality Index | Operating CF (ZAC) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -2.74x | ZAC-119.32 Billion | ZAC43.54 Billion | ▼ -877.6% |
| 2024 | 0.35x | ZAC18.69 Billion | ZAC53.02 Billion | ▼ -72.3% |
| 2023 | 1.27x | ZAC47.66 Billion | ZAC37.48 Billion | ▲ +182.4% |
| 2022 | -1.54x | ZAC-51.85 Billion | ZAC33.60 Billion | ▲ +42.2% |
| 2021 | -2.67x | ZAC-73.53 Billion | ZAC27.52 Billion | ▼ -221.8% |
| 2020 | 2.19x | ZAC39.85 Billion | ZAC18.17 Billion | ▲ +779.1% |
| 2019 | 0.25x | ZAC7.73 Billion | ZAC30.97 Billion | ▼ -76.9% |
| 2018 | 1.08x | ZAC29.18 Billion | ZAC27.01 Billion | ▲ +208.9% |
| 2017 | 0.35x | ZAC8.72 Billion | ZAC24.93 Billion | ▲ +204.9% |
| 2016 | -0.33x | ZAC-7.63 Billion | ZAC22.91 Billion | ▼ -266.1% |
| 2015 | 0.20x | ZAC4.40 Billion | ZAC21.93 Billion | ▼ -68.4% |
| 2014 | 0.63x | ZAC11.88 Billion | ZAC18.73 Billion | ▼ -32.0% |
| 2013 | 0.93x | ZAC13.84 Billion | ZAC14.84 Billion | ▲ +196.4% |
| 2012 | 0.31x | ZAC4.24 Billion | ZAC13.47 Billion | ▼ -63.1% |
| 2011 | 0.85x | ZAC12.15 Billion | ZAC14.24 Billion | ▼ -5.6% |
| 2010 | 0.90x | ZAC9.65 Billion | ZAC10.67 Billion | ▼ -27.4% |
| 2009 | 1.25x | ZAC9.76 Billion | ZAC7.84 Billion | ▲ +128.0% |
| 2008 | 0.55x | ZAC7.12 Billion | ZAC13.03 Billion | ▼ -23.8% |
| 2007 | 0.72x | ZAC9.37 Billion | ZAC13.08 Billion | ▲ +148.7% |
| 2006 | 0.29x | ZAC2.88 Billion | ZAC9.99 Billion | ▼ -84.9% |
| 2005 | 1.91x | ZAC13.59 Billion | ZAC7.10 Billion | ▲ +31724.6% |
| 2004 | 0.01x | ZAC30.00 Million | ZAC4.99 Billion | — |