Merafe (MRF) — Cash Flow Quality Index
Latest as of June 2025:
-0.69x
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 how well can Merafe service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-0.69x
Operating CF / Net Income
Operating Cash Flow
ZAC-159.96 Million
ZAC
Net Income
ZAC233.00 Million
ZAC
Data as of
Jun 2025
Most recent filing
Merafe Cash Flow Quality Index (2004–2024)
Historical Cash Flow Quality Index for Merafe across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MRF operating cash flow.
Annual Cash Flow Quality Index for Merafe (2004–2024)
Year-by-year earnings quality comparison for Merafe.
| 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 | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.