SPAR Group Ltd (SPP) — Cash Flow Quality Index

Latest as of September 2025: 56.85x

SPAR Group Ltd (SPP) has a Cash Flow Quality Index of 56.85x as of September 2025. Operating cash flow of ZAC2.94 Billion exceeds net income of ZAC51.70 Million, indicating high earnings quality where cash backs reported profits. Explore how well can SPAR Group Ltd service its debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

56.85x
Operating CF / Net Income

Operating Cash Flow

ZAC2.94 Billion
ZAC

Net Income

ZAC51.70 Million
ZAC

Data as of

Sep 2025
Most recent filing

SPAR Group Ltd Cash Flow Quality Index (2005–2024)

Historical Cash Flow Quality Index for SPAR Group Ltd across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of SPAR Group Ltd.

Annual Cash Flow Quality Index for SPAR Group Ltd (2005–2024)

Year-by-year earnings quality comparison for SPAR Group Ltd.

Year Quality Index Operating CF (ZAC) Net Income YoY Change
2024 1.93x ZAC3.47 Billion ZAC1.79 Billion ▼ -20.0%
2023 2.41x ZAC4.39 Billion ZAC1.82 Billion ▲ +238.7%
2022 0.71x ZAC2.44 Billion ZAC3.43 Billion ▲ +35.6%
2021 0.53x ZAC1.78 Billion ZAC3.39 Billion ▼ -52.9%
2020 1.12x ZAC3.84 Billion ZAC3.44 Billion ▲ +1194.9%
2019 -0.10x ZAC-303.80 Million ZAC2.98 Billion ▼ -114.3%
2018 0.71x ZAC1.98 Billion ZAC2.78 Billion ▲ +30.1%
2017 0.55x ZAC1.41 Billion ZAC2.58 Billion ▼ -9.0%
2016 0.60x ZAC1.55 Billion ZAC2.58 Billion ▲ +8.5%
2015 0.55x ZAC1.27 Billion ZAC2.29 Billion ▲ +114.7%
2014 0.26x ZAC481.20 Million ZAC1.87 Billion ▲ +195.9%
2013 -0.27x ZAC-443.20 Million ZAC1.65 Billion ▼ -135.2%
2012 0.76x ZAC1.15 Billion ZAC1.51 Billion ▲ +45.4%
2011 0.53x ZAC737.70 Million ZAC1.40 Billion ▲ +186.6%
2010 0.18x ZAC238.90 Million ZAC1.30 Billion ▼ -36.6%
2009 0.29x ZAC215.40 Million ZAC745.20 Million ▲ +151.9%
2008 -0.56x ZAC-379.70 Million ZAC681.60 Million ▼ -131.5%
2007 1.77x ZAC924.70 Million ZAC523.00 Million ▲ +93.4%
2006 0.91x ZAC372.70 Million ZAC407.60 Million ▼ -15.4%
2005 1.08x ZAC370.50 Million ZAC342.60 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.