JSE Limited (JSE) — Cash Flow Quality Index
Latest as of December 2025:
1.39x
JSE Limited (JSE) has a Cash Flow Quality Index of 1.39x as of December 2025. Operating cash flow of ZAC710.78 Million exceeds net income of ZAC512.84 Million, indicating high earnings quality where cash backs reported profits. Explore how well can JSE Limited service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.39x
Operating CF / Net Income
Operating Cash Flow
ZAC710.78 Million
ZAC
Net Income
ZAC512.84 Million
ZAC
Data as of
Dec 2025
Most recent filing
JSE Limited Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for JSE Limited across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of JSE Limited.
Annual Cash Flow Quality Index for JSE Limited (2002–2025)
Year-by-year earnings quality comparison for JSE Limited.
| Year | Quality Index | Operating CF (ZAC) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.17x | ZAC1.25 Billion | ZAC1.07 Billion | ▲ +33.8% |
| 2024 | 0.87x | ZAC1.09 Billion | ZAC1.25 Billion | ▼ -35.8% |
| 2023 | 1.36x | ZAC1.13 Billion | ZAC830.98 Million | ▲ +44.4% |
| 2022 | 0.94x | ZAC977.75 Million | ZAC1.04 Billion | ▲ +2.3% |
| 2021 | 0.92x | ZAC917.25 Million | ZAC994.99 Million | ▼ -2.4% |
| 2020 | 0.94x | ZAC1.00 Billion | ZAC1.06 Billion | ▲ +1.2% |
| 2019 | 0.93x | ZAC880.44 Million | ZAC943.29 Million | ▲ +25.4% |
| 2018 | 0.74x | ZAC913.21 Million | ZAC1.23 Billion | ▼ -12.2% |
| 2017 | 0.85x | ZAC976.52 Million | ZAC1.15 Billion | ▼ -20.1% |
| 2016 | 1.06x | ZAC976.10 Million | ZAC919.70 Million | ▲ +47.6% |
| 2015 | 0.72x | ZAC888.30 Million | ZAC1.24 Billion | ▼ -23.7% |
| 2014 | 0.94x | ZAC818.05 Million | ZAC867.61 Million | ▲ +1.2% |
| 2013 | 0.93x | ZAC685.63 Million | ZAC735.54 Million | ▲ +12.6% |
| 2012 | 0.83x | ZAC431.25 Million | ZAC521.01 Million | ▼ -25.3% |
| 2011 | 1.11x | ZAC552.11 Million | ZAC498.11 Million | ▲ +42.4% |
| 2010 | 0.78x | ZAC419.96 Million | ZAC539.67 Million | ▲ +13.7% |
| 2009 | 0.68x | ZAC354.56 Million | ZAC517.96 Million | ▼ -47.6% |
| 2008 | 1.31x | ZAC489.24 Million | ZAC374.36 Million | ▲ +8.5% |
| 2007 | 1.20x | ZAC329.04 Million | ZAC273.24 Million | ▼ -26.8% |
| 2006 | 1.65x | ZAC232.20 Million | ZAC141.05 Million | ▲ +115.1% |
| 2005 | 0.77x | ZAC81.90 Million | ZAC107.00 Million | ▼ -30.3% |
| 2004 | 1.10x | ZAC97.69 Million | ZAC88.90 Million | ▲ +1210.9% |
| 2003 | -0.10x | ZAC-1.94 Million | ZAC19.57 Million | ▼ -105.3% |
| 2002 | 1.86x | ZAC89.01 Million | ZAC47.97 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.