Joint Stock Company Kaspi.kz (KSPI) — Cash Flow Quality Index
Joint Stock Company Kaspi.kz (KSPI) has a Cash Flow Quality Index of 0.37x as of March 2026. Operating cash flow of $86.51 Billion is below net income of $236.64 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore KSPI operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see KSPI cash generation efficiency.
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.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.65x | $673.61 Billion | $1.04 Trillion | ▲ +15.3% |
| 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 | — |