Harmony Gold Mining Co. Ltd. (HAR) — Cash Flow Quality Index
Harmony Gold Mining Co. Ltd. (HAR) has a Cash Flow Quality Index of 1.42x as of December 2025. Operating cash flow of ZAC13.85 Billion exceeds net income of ZAC9.75 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Harmony Gold Mining Co. Ltd. to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Harmony Gold Mining Co. Ltd. Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Harmony Gold Mining Co. Ltd. across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Harmony Gold Mining Co. Ltd..
Annual Cash Flow Quality Index for Harmony Gold Mining Co. Ltd. (1999–2025)
Year-by-year earnings quality comparison for Harmony Gold Mining Co. Ltd..
| Year | Quality Index | Operating CF (ZAC) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.57x | ZAC22.65 Billion | ZAC14.38 Billion | ▼ -13.6% |
| 2024 | 1.82x | ZAC15.65 Billion | ZAC8.59 Billion | ▲ +21.0% |
| 2023 | 1.51x | ZAC9.95 Billion | ZAC6.61 Billion | ▲ +4.7% |
| 2021 | 1.44x | ZAC9.18 Billion | ZAC6.38 Billion | ▼ -49.6% |
| 2016 | 2.85x | ZAC4.60 Billion | ZAC1.61 Billion | ▲ +81.1% |
| 2012 | 1.58x | ZAC4.45 Billion | ZAC2.83 Billion | ▼ -90.3% |
| 2011 | 16.19x | ZAC2.32 Billion | ZAC143.38 Million | ▲ +1605.7% |
| 2009 | 0.95x | ZAC2.29 Billion | ZAC2.41 Billion | ▼ -33.7% |
| 2003 | 1.43x | ZAC1.32 Billion | ZAC920.66 Million | ▲ +44.4% |
| 2002 | 0.99x | ZAC2.28 Billion | ZAC2.30 Billion | ▼ -8.9% |
| 2001 | 1.09x | ZAC394.85 Million | ZAC362.97 Million | ▲ +36.9% |
| 2000 | 0.79x | ZAC287.34 Million | ZAC361.65 Million | ▼ -73.2% |
| 1999 | 2.96x | ZAC505.58 Million | ZAC170.74 Million | — |