Caledonia Mining Corporation (CMCL) — Cash Flow Quality Index
Caledonia Mining Corporation (CMCL) has a Cash Flow Quality Index of 1.92x as of March 2026. Operating cash flow of $20.59 Million exceeds net income of $10.70 Million, indicating high earnings quality where cash backs reported profits. Explore CMCL 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
Caledonia Mining Corporation Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for Caledonia Mining Corporation across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Caledonia Mining Corporation.
Annual Cash Flow Quality Index for Caledonia Mining Corporation (1994–2025)
Year-by-year earnings quality comparison for Caledonia Mining Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.38x | $76.23 Million | $55.22 Million | ▼ -41.1% |
| 2024 | 2.34x | $41.95 Million | $17.90 Million | ▲ +73.9% |
| 2023 | 1.35x | $14.77 Million | $10.96 Million | ▲ +27.4% |
| 2022 | 1.06x | $42.62 Million | $40.28 Million | ▲ +31.3% |
| 2021 | 0.81x | $30.90 Million | $38.36 Million | ▲ +6.0% |
| 2020 | 0.76x | $30.96 Million | $40.73 Million | ▲ +156.3% |
| 2019 | 0.30x | $18.06 Million | $60.89 Million | ▼ -64.0% |
| 2018 | 0.82x | $17.67 Million | $21.42 Million | ▼ -60.0% |
| 2017 | 2.06x | $24.51 Million | $11.90 Million | ▲ +68.4% |
| 2016 | 1.22x | $23.01 Million | $18.80 Million | ▲ +51.4% |
| 2015 | 0.81x | $6.87 Million | $8.49 Million | ▼ -21.4% |
| 2014 | 1.03x | $11.81 Million | $11.48 Million | ▼ -74.5% |
| 2012 | 4.04x | $29.88 Million | $7.40 Million | ▲ +181.1% |
| 2011 | 1.44x | $17.07 Million | $11.88 Million | ▼ -50.6% |
| 2010 | 2.91x | $6.57 Million | $2.26 Million | ▲ +349.3% |
| 2006 | -1.17x | $-2.32 Million | $1.99 Million | ▼ -7488.7% |
| 2000 | -0.02x | $-76.03K | $4.94 Million | ▼ -100.5% |
| 1994 | 3.25x | $2.60 Million | $799.55K | — |