Air Liquide SA (AI) — Cash Flow Quality Index
Latest as of December 2025:
2.04x
Air Liquide SA (AI) has a Cash Flow Quality Index of 2.04x as of December 2025. Operating cash flow of €3.50 Billion exceeds net income of €1.72 Billion, indicating high earnings quality where cash backs reported profits. Explore AI cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
2.04x
Operating CF / Net Income
Operating Cash Flow
€3.50 Billion
EUR
Net Income
€1.72 Billion
EUR
Data as of
Dec 2025
Most recent filing
Air Liquide SA Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for Air Liquide SA across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of Air Liquide SA.
Annual Cash Flow Quality Index for Air Liquide SA (2004–2025)
Year-by-year earnings quality comparison for Air Liquide SA.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.81x | €6.35 Billion | €3.52 Billion | ▼ -5.5% |
| 2024 | 1.91x | €6.32 Billion | €3.31 Billion | ▼ -6.0% |
| 2023 | 2.03x | €6.26 Billion | €3.08 Billion | ▼ -3.4% |
| 2022 | 2.11x | €5.81 Billion | €2.76 Billion | ▼ -2.8% |
| 2021 | 2.17x | €5.57 Billion | €2.57 Billion | ▲ +1.3% |
| 2020 | 2.14x | €5.21 Billion | €2.44 Billion | ▲ +1.7% |
| 2019 | 2.10x | €4.71 Billion | €2.24 Billion | ▼ -5.8% |
| 2018 | 2.23x | €4.72 Billion | €2.11 Billion | ▲ +15.4% |
| 2017 | 1.93x | €4.25 Billion | €2.20 Billion | ▼ -3.5% |
| 2016 | 2.00x | €3.70 Billion | €1.84 Billion | ▲ +24.3% |
| 2015 | 1.61x | €2.83 Billion | €1.76 Billion | ▼ -5.1% |
| 2014 | 1.70x | €2.83 Billion | €1.67 Billion | ▼ -0.5% |
| 2013 | 1.71x | €2.80 Billion | €1.64 Billion | ▲ +0.4% |
| 2012 | 1.70x | €2.71 Billion | €1.59 Billion | ▲ +7.7% |
| 2011 | 1.58x | €2.43 Billion | €1.53 Billion | ▼ -4.8% |
| 2010 | 1.66x | €2.42 Billion | €1.46 Billion | ▼ -13.0% |
| 2009 | 1.91x | €2.45 Billion | €1.29 Billion | ▲ +5.8% |
| 2008 | 1.80x | €2.29 Billion | €1.27 Billion | ▲ +0.3% |
| 2007 | 1.80x | €2.10 Billion | €1.17 Billion | ▲ +9.0% |
| 2006 | 1.65x | €1.77 Billion | €1.07 Billion | ▼ -3.5% |
| 2005 | 1.71x | €1.72 Billion | €1.01 Billion | ▼ -1.0% |
| 2004 | 1.72x | €1.45 Billion | €841.80 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.