Capital Southwest Corporation (CSWC) — Cash Flow Quality Index

Latest as of June 2026: -3.27x

Capital Southwest Corporation (CSWC) has a Cash Flow Quality Index of -3.27x as of June 2026. Operating cash flow of $-80.87 Million is below net income of $24.73 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Capital Southwest Corporation service its debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-3.27x
Operating CF / Net Income

Operating Cash Flow

$-80.87 Million
USD

Net Income

$24.73 Million
USD

Data as of

Jun 2026
Most recent filing

Capital Southwest Corporation Cash Flow Quality Index (1996–2026)

Historical Cash Flow Quality Index for Capital Southwest Corporation across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Capital Southwest Corporation (CSWC) cash conversion ratio.

Annual Cash Flow Quality Index for Capital Southwest Corporation (1996–2026)

Year-by-year earnings quality comparison for Capital Southwest Corporation.

Year Quality Index Operating CF (USD) Net Income YoY Change
2026 -1.71x $-193.50 Million $113.00 Million ▲ +44.4%
2025 -3.08x $-217.26 Million $70.55 Million ▼ -36.2%
2024 -2.26x $-188.50 Million $83.39 Million ▲ +67.1%
2023 -6.86x $-227.10 Million $33.09 Million ▼ -60.8%
2022 -4.27x $-182.68 Million $42.81 Million ▼ -218.1%
2021 -1.34x $-68.25 Million $50.88 Million ▲ +53.2%
2019 -2.86x $-94.71 Million $33.06 Million ▼ -76.3%
2018 -1.62x $-63.86 Million $39.31 Million ▲ +57.4%
2017 -3.82x $-89.56 Million $23.47 Million ▼ -204.9%
2015 3.64x $194.28 Million $53.44 Million ▲ +4740.2%
2014 0.08x $8.41 Million $112.01 Million ▼ -91.3%
2013 0.86x $93.22 Million $107.83 Million ▲ +236.8%
2012 0.26x $23.55 Million $91.76 Million ▼ -79.8%
2011 1.27x $68.23 Million $53.69 Million ▲ +1470.3%
2010 -0.09x $-6.82 Million $73.54 Million ▼ -133.0%
2007 0.28x $46.95 Million $166.88 Million ▲ +100.4%
2006 0.14x $13.51 Million $96.19 Million ▼ -58.1%
2005 0.34x $4.77 Million $14.22 Million ▲ +207.7%
2004 0.11x $9.31 Million $85.47 Million ▲ +27044.1%
2002 0.00x $-10.38K $25.68 Million ▼ -101.3%
1998 0.03x $2.53 Million $78.60 Million ▼ -54.9%
1997 0.07x $2.30 Million $32.18 Million ▲ +35.2%
1996 0.05x $2.79 Million $52.77 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.