Black Spade Acquisition III Co (BIII) — Cash Flow Quality Index

Latest as of March 2026: -0.35x

Black Spade Acquisition III Co (BIII) has a Cash Flow Quality Index of -0.35x as of March 2026. Operating cash flow of $-379.79K is below net income of $1.09 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore BIII debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-0.35x

Operating CF / Net Income

Operating Cash Flow

$-379.79K

USD

Net Income

$1.09 Million

USD

Data as of

Mar 2026

Most recent filing

Annual Cash Flow Quality Index for Black Spade Acquisition III Co (None–None)

Year-by-year earnings quality comparison for Black Spade Acquisition III Co.

Year	Quality Index	Operating CF (USD)	Net Income	YoY Change

Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.