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 HAR long-term asset investment ratio 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
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. Check HAR tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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.. For live market cap and the full company financial profile, see market value of 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 | — |