Sprott Physical Gold Trust (PHYS) — Cash Flow Quality Index
Sprott Physical Gold Trust (PHYS) has a Cash Flow Quality Index of -0.02x as of March 2026. Operating cash flow of CA$-26.32 Million is below net income of CA$1.31 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore PHYS cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Sprott Physical Gold Trust Cash Flow Quality Index (2010–2025)
Historical Cash Flow Quality Index for Sprott Physical Gold Trust across 10 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of Sprott Physical Gold Trust.
Annual Cash Flow Quality Index for Sprott Physical Gold Trust (2010–2025)
Year-by-year earnings quality comparison for Sprott Physical Gold Trust.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -0.01x | CA$-48.19 Million | CA$5.95 Billion | ▲ +48.7% |
| 2024 | -0.02x | CA$-27.32 Million | CA$1.73 Billion | ▲ +53.5% |
| 2023 | -0.03x | CA$-24.57 Million | CA$723.52 Million | ▼ -49.6% |
| 2020 | -0.02x | CA$-16.95 Million | CA$747.13 Million | ▲ +27.1% |
| 2019 | -0.03x | CA$-11.21 Million | CA$360.21 Million | ▲ +21.1% |
| 2017 | -0.04x | CA$-10.08 Million | CA$255.38 Million | ▲ +45.9% |
| 2016 | -0.07x | CA$-10.30 Million | CA$141.23 Million | ▲ +33.8% |
| 2012 | -0.11x | CA$-11.19 Million | CA$101.60 Million | ▼ -73.1% |
| 2011 | -0.06x | CA$-8.13 Million | CA$127.74 Million | ▼ -312.0% |
| 2010 | -0.02x | CA$-2.78 Million | CA$179.84 Million | — |