The9 Ltd ADR (NCTY) — Cash Flow Quality Index
Latest as of December 2020:
-1.25x
The9 Ltd ADR (NCTY) has a Cash Flow Quality Index of -1.25x as of December 2020. Operating cash flow of $-44.05 Million is below net income of $35.19 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore NCTY operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-1.25x
Operating CF / Net Income
Operating Cash Flow
$-44.05 Million
USD
Net Income
$35.19 Million
USD
Data as of
Dec 2020
Most recent filing
The9 Ltd ADR Cash Flow Quality Index (2003–2023)
Historical Cash Flow Quality Index for The9 Ltd ADR across 8 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see The9 Ltd ADR (NCTY) cash flow conversion.
Annual Cash Flow Quality Index for The9 Ltd ADR (2003–2023)
Year-by-year earnings quality comparison for The9 Ltd ADR.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2023 | -3.68x | $-46.32 Million | $12.58 Million | ▼ -1263.8% |
| 2020 | -0.27x | $-106.25 Million | $393.43 Million | ▼ -103.8% |
| 2008 | 7.15x | $692.63 Million | $96.84 Million | ▲ +179.4% |
| 2007 | 2.56x | $617.48 Million | $241.24 Million | ▲ +33.5% |
| 2006 | 1.92x | $598.40 Million | $312.21 Million | ▼ -6.7% |
| 2005 | 2.05x | $148.96 Million | $72.50 Million | ▲ +43.4% |
| 2004 | 1.43x | $35.08 Million | $24.48 Million | ▲ +20.4% |
| 2003 | 1.19x | $57.71 Million | $48.47 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.