Ho Chi Minh City Securities Corp (HCM) — Cash Flow Quality Index
Ho Chi Minh City Securities Corp (HCM) has a Cash Flow Quality Index of -23.92x as of December 2025. Operating cash flow of ₫-7.63 Trillion is below net income of ₫318.99 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Ho Chi Minh City Securities Corp service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Ho Chi Minh City Securities Corp Cash Flow Quality Index (2019–2025)
Historical Cash Flow Quality Index for Ho Chi Minh City Securities Corp across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HCM cash flow conversion.
Annual Cash Flow Quality Index for Ho Chi Minh City Securities Corp (2019–2025)
Year-by-year earnings quality comparison for Ho Chi Minh City Securities Corp.
| Year | Quality Index | Operating CF (VND) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -9.94x | ₫-11.72 Trillion | ₫1.18 Trillion | ▲ +21.5% |
| 2024 | -12.66x | ₫-13.16 Trillion | ₫1.04 Trillion | ▼ -1423.2% |
| 2023 | -0.83x | ₫-560.59 Billion | ₫674.36 Billion | ▼ -110.5% |
| 2022 | 7.90x | ₫6.73 Trillion | ₫852.49 Billion | ▲ +395.0% |
| 2021 | -2.68x | ₫-3.07 Trillion | ₫1.15 Trillion | ▲ +69.3% |
| 2020 | -8.73x | ₫-4.63 Trillion | ₫530.45 Billion | ▼ -347.5% |
| 2019 | -1.95x | ₫-843.88 Billion | ₫432.56 Billion | — |