Natwest Group PLC (NWG) — Cash Flow Quality Index
Natwest Group PLC (NWG) has a Cash Flow Quality Index of 4.79x as of December 2025. Operating cash flow of $7.07 Billion exceeds net income of $1.48 Billion, indicating high earnings quality where cash backs reported profits. Explore Natwest Group PLC (NWG) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Natwest Group PLC Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for Natwest Group PLC across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Natwest Group PLC (NWG) cash flow conversion.
Annual Cash Flow Quality Index for Natwest Group PLC (1991–2025)
Year-by-year earnings quality comparison for Natwest Group PLC.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.92x | $7.07 Billion | $7.71 Billion | ▲ +225.0% |
| 2024 | 0.28x | $1.77 Billion | $6.28 Billion | ▲ +109.8% |
| 2023 | -2.87x | $-17.44 Billion | $6.07 Billion | ▲ +67.9% |
| 2022 | -8.95x | $-43.60 Billion | $4.87 Billion | ▼ -171.9% |
| 2021 | 12.45x | $53.69 Billion | $4.31 Billion | ▲ +1527.1% |
| 2019 | -0.87x | $-3.69 Billion | $4.23 Billion | ▼ -1185.6% |
| 2018 | -0.07x | $-228.00 Million | $3.36 Billion | ▼ -100.4% |
| 2017 | 17.30x | $38.74 Billion | $2.24 Billion | ▲ +471.7% |
| 2007 | 3.03x | $29.76 Billion | $9.83 Billion | ▲ +121.3% |
| 2006 | 1.37x | $12.56 Billion | $9.19 Billion | ▲ +140.6% |
| 2005 | 0.57x | $4.51 Billion | $7.94 Billion | ▲ +66.1% |
| 2004 | 0.34x | $2.49 Billion | $7.28 Billion | ▼ -89.4% |
| 2003 | 3.24x | $19.71 Billion | $6.08 Billion | ▲ +12.5% |
| 2002 | 2.88x | $13.74 Billion | $4.76 Billion | ▼ -16.7% |
| 2000 | 3.46x | $11.33 Billion | $3.27 Billion | ▼ -16.1% |
| 1999 | 4.13x | $5.00 Billion | $1.21 Billion | ▲ +258.4% |
| 1998 | 1.15x | $1.09 Billion | $944.00 Million | ▼ -65.6% |
| 1997 | 3.35x | $2.34 Billion | $698.00 Million | ▼ -31.2% |
| 1996 | 4.87x | $3.04 Billion | $623.00 Million | ▲ +44.0% |
| 1995 | 3.38x | $2.04 Billion | $602.00 Million | ▲ +40.6% |
| 1994 | 2.41x | $1.16 Billion | $480.00 Million | ▲ +179.8% |
| 1993 | 0.86x | $252.00 Million | $293.00 Million | ▲ +133.2% |
| 1992 | -2.59x | $-131.90 Million | $50.90 Million | ▼ -154.8% |
| 1991 | 4.73x | $359.00 Million | $75.90 Million | — |