Raytech Holding Limited Ordinary Shares (RAY) — Cash Flow Quality Index
Raytech Holding Limited Ordinary Shares (RAY) has a Cash Flow Quality Index of -1.34x as of June 2026. Operating cash flow of $-16.14 Million is below net income of $12.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore cash flow to debt ratio of Raytech Holding Limited Ordinary Shares to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Raytech Holding Limited Ordinary Shares Cash Flow Quality Index (2021–2026)
Historical Cash Flow Quality Index for Raytech Holding Limited Ordinary Shares across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see RAY operating cash flow.
Annual Cash Flow Quality Index for Raytech Holding Limited Ordinary Shares (2021–2026)
Year-by-year earnings quality comparison for Raytech Holding Limited Ordinary Shares.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | -0.87x | $-14.57 Million | $16.76 Million | ▼ -215.6% |
| 2025 | 0.75x | $6.22 Million | $8.27 Million | ▼ -52.5% |
| 2024 | 1.58x | $15.75 Million | $9.94 Million | ▼ -9.0% |
| 2023 | 1.74x | $10.96 Million | $6.29 Million | ▲ +99.8% |
| 2022 | 0.87x | $8.23 Million | $9.44 Million | ▼ -26.8% |
| 2021 | 1.19x | $6.70 Million | $5.62 Million | — |