Joint Stock Company Kaspi.kz (KSPI) — Cash Flow Quality Index
Joint Stock Company Kaspi.kz (KSPI) has a Cash Flow Quality Index of -4.79x as of December 2025. Operating cash flow of $-1.32 Trillion is below net income of $275.12 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore KSPI long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Joint Stock Company Kaspi.kz Cash Flow Quality Index (2020–2025)
Historical Cash Flow Quality Index for Joint Stock Company Kaspi.kz across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Joint Stock Company Kaspi.kz tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Joint Stock Company Kaspi.kz (2020–2025)
Year-by-year earnings quality comparison for Joint Stock Company Kaspi.kz. For live market cap and the full company financial profile, see market cap of Joint Stock Company Kaspi.kz.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.55x | $1.62 Trillion | $1.04 Trillion | ▲ +177.1% |
| 2024 | 0.56x | $581.89 Billion | $1.04 Trillion | ▼ -57.4% |
| 2023 | 1.31x | $1.11 Trillion | $841.35 Billion | ▼ -24.7% |
| 2022 | 1.75x | $1.02 Trillion | $585.03 Billion | ▲ +971.4% |
| 2021 | 0.16x | $70.35 Billion | $431.91 Billion | ▼ -93.1% |
| 2020 | 2.37x | $617.73 Billion | $260.96 Billion | — |