Millicom International Cellular SA (TIGO) — Cash Flow Quality Index
Millicom International Cellular SA (TIGO) has a Cash Flow Quality Index of 6.70x as of June 2026. Operating cash flow of $723.63 Million exceeds net income of $108.00 Million, indicating high earnings quality where cash backs reported profits. Explore TIGO cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Millicom International Cellular SA Cash Flow Quality Index (1993–2025)
Historical Cash Flow Quality Index for Millicom International Cellular SA across 25 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Millicom International Cellular SA.
Annual Cash Flow Quality Index for Millicom International Cellular SA (1993–2025)
Year-by-year earnings quality comparison for Millicom International Cellular SA.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.39x | $1.83 Billion | $1.32 Billion | ▼ -78.6% |
| 2024 | 6.52x | $1.67 Billion | $256.00 Million | ▼ -4.6% |
| 2023 | 6.83x | $1.22 Billion | $179.00 Million | ▲ +88.4% |
| 2022 | 3.63x | $1.28 Billion | $354.00 Million | ▲ +177.7% |
| 2021 | 1.31x | $956.00 Million | $732.00 Million | ▼ -54.8% |
| 2019 | 2.89x | $801.00 Million | $277.00 Million | ▼ -67.1% |
| 2018 | 8.80x | $792.00 Million | $90.00 Million | ▲ +142.5% |
| 2017 | 3.63x | $820.00 Million | $226.00 Million | ▼ -65.3% |
| 2016 | 10.45x | $878.00 Million | $84.00 Million | ▲ +2091.6% |
| 2014 | 0.48x | $1.46 Billion | $3.06 Billion | ▼ -84.7% |
| 2013 | 3.13x | $1.21 Billion | $387.00 Million | ▲ +76.9% |
| 2012 | 1.77x | $1.58 Billion | $897.00 Million | ▲ +17.5% |
| 2011 | 1.50x | $1.61 Billion | $1.07 Billion | ▲ +216.5% |
| 2010 | 0.48x | $785.37 Million | $1.65 Billion | ▼ -11.3% |
| 2009 | 0.54x | $455.97 Million | $850.79 Million | ▼ -66.4% |
| 2008 | 1.59x | $1.12 Billion | $704.21 Million | ▼ -22.7% |
| 2007 | 2.06x | $1.11 Billion | $539.44 Million | ▼ -27.1% |
| 2006 | 2.83x | $477.46 Million | $168.95 Million | ▼ -93.0% |
| 2005 | 40.54x | $407.17 Million | $10.04 Million | ▲ +812.4% |
| 2004 | 4.44x | $303.24 Million | $68.24 Million | ▲ +331.0% |
| 2003 | 1.03x | $184.36 Million | $178.82 Million | ▲ +202.6% |
| 2000 | 0.34x | $121.07 Million | $355.39 Million | ▼ -73.0% |
| 1998 | 1.26x | $68.40 Million | $54.20 Million | ▲ +151.1% |
| 1994 | -2.47x | $-25.70 Million | $10.40 Million | ▼ -395.7% |
| 1993 | -0.50x | $-16.30 Million | $32.70 Million | — |