Bourse Direct SA (BSD) — Cash Flow Quality Index

Latest as of June 2026: 0.99x

Bourse Direct SA (BSD) has a Cash Flow Quality Index of 0.99x as of June 2026. Operating cash flow of €11.40 Million is below net income of €11.49 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Bourse Direct SA cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

0.99x
Operating CF / Net Income

Operating Cash Flow

€11.40 Million
EUR

Net Income

€11.49 Million
EUR

Data as of

Jun 2026
Most recent filing

Bourse Direct SA Cash Flow Quality Index (2004–2025)

Historical Cash Flow Quality Index for Bourse Direct SA across 16 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see BSD cash generation efficiency.

Annual Cash Flow Quality Index for Bourse Direct SA (2004–2025)

Year-by-year earnings quality comparison for Bourse Direct SA.

Year Quality Index Operating CF (EUR) Net Income YoY Change
2025 1.00x €19.73 Million €19.74 Million ▼ -8.0%
2024 1.09x €20.78 Million €19.13 Million ▼ -27.7%
2023 1.50x €23.18 Million €15.43 Million ▼ -33.1%
2022 2.24x €12.76 Million €5.68 Million ▲ +3088.1%
2021 -0.08x €-538.00K €7.16 Million ▼ -103.1%
2020 2.45x €14.95 Million €6.11 Million ▲ +244.2%
2019 0.71x €983.62K €1.38 Million ▲ +494.1%
2018 0.12x €278.19K €2.32 Million ▼ -95.8%
2017 2.83x €8.70 Million €3.07 Million ▲ +168.3%
2016 1.06x €2.44 Million €2.31 Million ▼ -16.3%
2015 1.26x €3.71 Million €2.95 Million ▼ -39.6%
2014 2.09x €6.71 Million €3.22 Million ▲ +6.4%
2013 1.96x €6.71 Million €3.42 Million ▲ +183.7%
2007 0.69x €4.64 Million €6.72 Million ▼ -95.8%
2006 16.56x €82.85 Million €5.00 Million ▲ +181.9%
2004 5.87x €31.36 Million €5.34 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.