HCW Biologics Inc (HCWB) — Cash Flow Quality Index

Latest as of March 2026: -0.45x

HCW Biologics Inc (HCWB) has a Cash Flow Quality Index of -0.45x as of March 2026. Operating cash flow of $-1.58 Million is below net income of $3.47 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore HCW Biologics Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-0.45x

Operating CF / Net Income

Operating Cash Flow

$-1.58 Million

USD

Net Income

$3.47 Million

USD

Data as of

Mar 2026

Most recent filing

Annual Cash Flow Quality Index for HCW Biologics Inc (None–None)

Year-by-year earnings quality comparison for HCW Biologics Inc.

Year	Quality Index	Operating CF (USD)	Net Income	YoY Change

Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.