Headwater Exploration Inc (HWX) — Cash Flow Quality Index
Headwater Exploration Inc (HWX) has a Cash Flow Quality Index of 1.13x as of March 2026. Operating cash flow of CA$40.07 Million exceeds net income of CA$35.57 Million, indicating high earnings quality where cash backs reported profits. Explore Headwater Exploration Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Headwater Exploration Inc Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for Headwater Exploration Inc across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Headwater Exploration Inc.
Annual Cash Flow Quality Index for Headwater Exploration Inc (2004–2025)
Year-by-year earnings quality comparison for Headwater Exploration Inc.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.95x | CA$299.14 Million | CA$153.21 Million | ▲ +15.9% |
| 2024 | 1.68x | CA$316.74 Million | CA$188.03 Million | ▼ -13.3% |
| 2023 | 1.94x | CA$303.32 Million | CA$156.07 Million | ▲ +11.0% |
| 2022 | 1.75x | CA$283.93 Million | CA$162.11 Million | ▼ -28.1% |
| 2021 | 2.44x | CA$111.66 Million | CA$45.83 Million | ▲ +7004.8% |
| 2020 | 0.03x | CA$230.00K | CA$6.71 Million | ▼ -98.9% |
| 2019 | 3.15x | CA$8.86 Million | CA$2.81 Million | ▲ +5084.6% |
| 2017 | 0.06x | CA$1.08 Million | CA$17.74 Million | ▼ -85.9% |
| 2013 | 0.43x | CA$9.68 Million | CA$22.45 Million | ▼ -97.8% |
| 2009 | 19.62x | CA$32.71 Million | CA$1.67 Million | ▲ +723.5% |
| 2008 | 2.38x | CA$52.78 Million | CA$22.15 Million | ▼ -37.3% |
| 2007 | 3.80x | CA$15.38 Million | CA$4.05 Million | ▲ +108.2% |
| 2005 | 1.82x | CA$2.04 Million | CA$1.12 Million | ▼ -2.6% |
| 2004 | 1.87x | CA$1.47 Million | CA$786.31K | — |