Farmers & Merchants Bancorp Inc (FMAO) — Cash Flow Quality Index
Farmers & Merchants Bancorp Inc (FMAO) has a Cash Flow Quality Index of 1.26x as of September 2025. Operating cash flow of $11.20 Million exceeds net income of $8.85 Million, indicating high earnings quality where cash backs reported profits. Explore FMAO 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
Farmers & Merchants Bancorp Inc Cash Flow Quality Index (1998–2024)
Historical Cash Flow Quality Index for Farmers & Merchants Bancorp Inc across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see FMAO cash flow metrics.
Annual Cash Flow Quality Index for Farmers & Merchants Bancorp Inc (1998–2024)
Year-by-year earnings quality comparison for Farmers & Merchants Bancorp Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.25x | $32.47 Million | $25.94 Million | ▲ +28.8% |
| 2023 | 0.97x | $22.15 Million | $22.79 Million | ▼ -22.3% |
| 2022 | 1.25x | $40.67 Million | $32.52 Million | ▼ -15.4% |
| 2021 | 1.48x | $34.74 Million | $23.50 Million | ▲ +8.5% |
| 2020 | 1.36x | $27.38 Million | $20.09 Million | ▲ +4.8% |
| 2019 | 1.30x | $23.93 Million | $18.40 Million | ▲ +81.1% |
| 2018 | 0.72x | $10.74 Million | $14.95 Million | ▼ -48.2% |
| 2017 | 1.39x | $17.65 Million | $12.72 Million | ▲ +30.2% |
| 2016 | 1.07x | $12.43 Million | $11.66 Million | ▼ -25.6% |
| 2015 | 1.43x | $14.81 Million | $10.34 Million | ▼ -27.9% |
| 2014 | 1.99x | $19.16 Million | $9.65 Million | ▲ +5.3% |
| 2013 | 1.89x | $16.99 Million | $9.01 Million | ▲ +29.9% |
| 2012 | 1.45x | $14.21 Million | $9.79 Million | ▼ -18.7% |
| 2011 | 1.79x | $15.20 Million | $8.51 Million | ▲ +9.0% |
| 2010 | 1.64x | $11.44 Million | $6.98 Million | ▲ +87.1% |
| 2009 | 0.88x | $5.78 Million | $6.61 Million | ▼ -32.1% |
| 2008 | 1.29x | $8.67 Million | $6.72 Million | ▲ +16.7% |
| 2007 | 1.10x | $8.54 Million | $7.73 Million | ▼ -32.8% |
| 2006 | 1.64x | $13.38 Million | $8.14 Million | ▲ +53.0% |
| 2005 | 1.08x | $9.22 Million | $8.58 Million | ▼ -39.8% |
| 2004 | 1.79x | $14.69 Million | $8.23 Million | ▼ -30.1% |
| 2003 | 2.55x | $19.48 Million | $7.63 Million | ▲ +335.6% |
| 2002 | 0.59x | $7.87 Million | $13.42 Million | ▲ +315.1% |
| 2001 | -0.27x | $-3.36 Million | $12.32 Million | ▼ -134.6% |
| 2000 | 0.79x | $8.69 Million | $11.02 Million | ▼ -65.5% |
| 1999 | 2.29x | $21.10 Million | $9.22 Million | ▲ +49.5% |
| 1998 | 1.53x | $12.35 Million | $8.06 Million | — |