Thai Oil PCL (LQZ) — Cash Flow Quality Index
Latest as of March 2026:
0.49x
Thai Oil PCL (LQZ) has a Cash Flow Quality Index of 0.49x as of March 2026. Operating cash flow of €9.59 Billion is below net income of €19.48 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Thai Oil PCL debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.49x
Operating CF / Net Income
Operating Cash Flow
€9.59 Billion
EUR
Net Income
€19.48 Billion
EUR
Data as of
Mar 2026
Most recent filing
Thai Oil PCL Cash Flow Quality Index (2018–2025)
Historical Cash Flow Quality Index for Thai Oil PCL across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see LQZ cash flow conversion.
Annual Cash Flow Quality Index for Thai Oil PCL (2018–2025)
Year-by-year earnings quality comparison for Thai Oil PCL.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 3.35x | €48.81 Billion | €14.58 Billion | ▼ -15.3% |
| 2024 | 3.95x | €39.35 Billion | €9.96 Billion | ▲ +173.6% |
| 2023 | 1.44x | €28.09 Billion | €19.44 Billion | ▲ +9.1% |
| 2022 | 1.32x | €43.25 Billion | €32.67 Billion | ▲ +58.5% |
| 2021 | 0.84x | €10.50 Billion | €12.58 Billion | ▼ -53.7% |
| 2018 | 1.80x | €18.31 Billion | €10.15 Billion | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.