Merafe Cash Flow Quality Index
Merafe cash flow quality index. Merafe (MRF) has a Cash Flow Quality Index of -0.69x as of June 2025. Operating cash flow of ZAC-159.96 Million is below net income of ZAC233.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore MRF operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Merafe (2004–2024)
Cash flow quality index of Merafe from 2004 to 2024. Historical Cash Flow Quality Index for Merafe across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. See Merafe balance sheet quality to measure how much of total assets are equity-financed.
Merafe Cash Flow Quality Index by Year (2004–2024)
Merafe cash flow quality index by year from 2004 to 2024. Year-by-year earnings quality comparison for Merafe. For the full cash flow conversion analysis, see Merafe operating cash flow efficiency.
| Year | Quality Index | Operating CF (ZAC) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.01x | ZAC1.78 Billion | ZAC886.35 Million | ▲ +87.0% |
| 2023 | 1.07x | ZAC1.88 Billion | ZAC1.75 Billion | ▲ +23.1% |
| 2022 | 0.87x | ZAC1.70 Billion | ZAC1.95 Billion | ▲ +75.3% |
| 2021 | 0.50x | ZAC1.16 Billion | ZAC2.33 Billion | ▼ -1.9% |
| 2018 | 0.51x | ZAC478.50 Million | ZAC944.48 Million | ▼ -53.8% |
| 2017 | 1.10x | ZAC1.40 Billion | ZAC1.28 Billion | ▲ +62.5% |
| 2016 | 0.67x | ZAC501.51 Million | ZAC743.95 Million | ▼ -66.2% |
| 2015 | 1.99x | ZAC955.68 Million | ZAC479.17 Million | ▲ +95.9% |
| 2014 | 1.02x | ZAC306.06 Million | ZAC300.63 Million | ▼ -39.9% |
| 2013 | 1.69x | ZAC486.61 Million | ZAC287.38 Million | ▼ -49.7% |
| 2012 | 3.37x | ZAC257.05 Million | ZAC76.35 Million | ▲ +134.0% |
| 2011 | 1.44x | ZAC295.12 Million | ZAC205.15 Million | ▲ +129.0% |
| 2010 | 0.63x | ZAC245.82 Million | ZAC391.28 Million | ▲ +5.4% |
| 2008 | 0.60x | ZAC875.87 Million | ZAC1.47 Billion | ▼ -53.0% |
| 2007 | 1.27x | ZAC304.62 Million | ZAC240.11 Million | ▲ +237.9% |
| 2006 | -0.92x | ZAC-128.03 Million | ZAC139.14 Million | ▼ -173.7% |
| 2005 | 1.25x | ZAC52.07 Million | ZAC41.71 Million | ▲ +8010.3% |
| 2004 | 0.02x | ZAC319.00K | ZAC20.72 Million | — |