Firstrand Ltd (FSR) — Cash Flow Quality Index
Latest as of December 2025:
1.78x
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 cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.78x
Operating CF / Net Income
Operating Cash Flow
ZAC42.71 Billion
ZAC
Net Income
ZAC24.04 Billion
ZAC
Data as of
Dec 2025
Most recent filing
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. For the full cash flow conversion analysis, see Firstrand Ltd cash flow conversion.
Annual Cash Flow Quality Index for Firstrand Ltd (2004–2025)
Year-by-year earnings quality comparison for Firstrand Ltd.
| 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 | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.