Thales S.A. (HO) — Cash Flow Quality Index
Latest as of June 2025:
1.22x
Thales S.A. (HO) has a Cash Flow Quality Index of 1.22x as of June 2025. Operating cash flow of €808.00 Million exceeds net income of €663.70 Million, indicating high earnings quality where cash backs reported profits. Explore Thales S.A. cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.22x
Operating CF / Net Income
Operating Cash Flow
€808.00 Million
EUR
Net Income
€663.70 Million
EUR
Data as of
Jun 2025
Most recent filing
Thales S.A. Cash Flow Quality Index (2002–2024)
Historical Cash Flow Quality Index for Thales S.A. across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Thales S.A. cash conversion from operations.
Annual Cash Flow Quality Index for Thales S.A. (2002–2024)
Year-by-year earnings quality comparison for Thales S.A..
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.62x | €2.64 Billion | €1.01 Billion | ▲ +55.7% |
| 2023 | 1.68x | €1.60 Billion | €949.10 Million | ▼ -34.1% |
| 2022 | 2.55x | €3.06 Billion | €1.20 Billion | ▼ -4.1% |
| 2021 | 2.66x | €2.71 Billion | €1.02 Billion | ▼ -2.7% |
| 2020 | 2.74x | €1.35 Billion | €491.90 Million | ▲ +77.2% |
| 2019 | 1.54x | €1.77 Billion | €1.15 Billion | ▲ +38.7% |
| 2018 | 1.11x | €1.25 Billion | €1.12 Billion | ▼ -55.8% |
| 2017 | 2.52x | €2.06 Billion | €815.60 Million | ▲ +78.3% |
| 2016 | 1.41x | €1.41 Billion | €996.11 Million | ▼ -26.3% |
| 2015 | 1.92x | €1.59 Billion | €830.95 Million | ▲ +56.5% |
| 2014 | 1.23x | €1.06 Billion | €864.49 Million | ▼ -8.8% |
| 2013 | 1.34x | €1.06 Billion | €789.64 Million | ▼ -29.4% |
| 2012 | 1.90x | €1.34 Billion | €706.31 Million | ▲ +68.7% |
| 2011 | 1.13x | €577.20 Million | €511.50 Million | ▼ -23.0% |
| 2008 | 1.46x | €820.80 Million | €560.40 Million | ▲ +32.2% |
| 2007 | 1.11x | €984.90 Million | €888.70 Million | ▼ -42.5% |
| 2006 | 1.93x | €753.60 Million | €391.10 Million | ▲ +8.4% |
| 2005 | 1.78x | €609.60 Million | €343.10 Million | ▲ +131.7% |
| 2004 | 0.77x | €358.60 Million | €467.70 Million | ▼ -86.5% |
| 2003 | 5.67x | €636.80 Million | €112.40 Million | ▲ +105.8% |
| 2002 | 2.75x | €305.80 Million | €111.10 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.