Banco Santander S.A. (SAN) — Cash Flow Quality Index
Banco Santander S.A. (SAN) has a Cash Flow Quality Index of -0.16x as of June 2026. Operating cash flow of €-562.00 Million is below net income of €3.52 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore SAN debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Banco Santander S.A. Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for Banco Santander S.A. across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Banco Santander S.A. cash conversion from operations.
Annual Cash Flow Quality Index for Banco Santander S.A. (1991–2025)
Year-by-year earnings quality comparison for Banco Santander S.A..
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 6.65x | €83.53 Billion | €12.56 Billion | ▲ +446.2% |
| 2024 | -1.92x | €-24.16 Billion | €12.57 Billion | ▼ -126.4% |
| 2023 | 7.27x | €80.56 Billion | €11.08 Billion | ▲ +182.6% |
| 2022 | 2.57x | €27.71 Billion | €10.76 Billion | ▼ -56.2% |
| 2021 | 5.87x | €56.69 Billion | €9.65 Billion | ▲ +1306.4% |
| 2019 | 0.42x | €3.39 Billion | €8.12 Billion | ▲ +13.9% |
| 2018 | 0.37x | €3.42 Billion | €9.31 Billion | ▼ -92.5% |
| 2017 | 4.90x | €40.19 Billion | €8.21 Billion | ▲ +68.0% |
| 2016 | 2.92x | €21.82 Billion | €7.49 Billion | ▲ +66.3% |
| 2015 | 1.75x | €12.86 Billion | €7.33 Billion | ▲ +408.6% |
| 2014 | -0.57x | €-3.94 Billion | €6.93 Billion | ▲ +91.0% |
| 2013 | -6.31x | €-34.85 Billion | €5.52 Billion | ▼ -177.0% |
| 2012 | 8.20x | €24.32 Billion | €2.97 Billion | ▲ +39.8% |
| 2011 | 5.86x | €35.99 Billion | €6.14 Billion | ▲ +2.9% |
| 2010 | 5.70x | €51.87 Billion | €9.10 Billion | ▲ +397.4% |
| 2009 | -1.92x | €-18.04 Billion | €9.41 Billion | ▼ -213.0% |
| 2008 | 1.70x | €15.83 Billion | €9.33 Billion | ▼ -48.4% |
| 2007 | 3.28x | €31.65 Billion | €9.64 Billion | ▲ +151.9% |
| 2006 | -6.32x | €-52.14 Billion | €8.25 Billion | ▼ -24.4% |
| 2005 | -5.08x | €-34.27 Billion | €6.74 Billion | ▼ -64.9% |
| 2004 | -3.08x | €-13.52 Billion | €4.39 Billion | ▼ -246.1% |
| 1996 | 2.11x | €1.56 Billion | €738.07 Million | ▲ +29.1% |
| 1995 | 1.63x | €1.07 Billion | €652.55 Million | ▲ +18.1% |
| 1994 | 1.38x | €856.23 Million | €618.53 Million | ▼ -63.2% |
| 1993 | 3.77x | €1.57 Billion | €416.47 Million | ▲ +81.7% |
| 1992 | 2.07x | €884.32 Million | €426.52 Million | ▲ +3.7% |
| 1991 | 2.00x | €1.10 Billion | €549.65 Million | — |