Song Hong Garment JSC (MSH) — Cash Flow Quality Index
Song Hong Garment JSC (MSH) has a Cash Flow Quality Index of 0.46x as of December 2025. Operating cash flow of ₫92.39 Billion is below net income of ₫202.99 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Song Hong Garment JSC 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
Song Hong Garment JSC Cash Flow Quality Index (2019–2025)
Historical Cash Flow Quality Index for Song Hong Garment JSC across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MSH cash flow conversion.
Annual Cash Flow Quality Index for Song Hong Garment JSC (2019–2025)
Year-by-year earnings quality comparison for Song Hong Garment JSC.
| Year | Quality Index | Operating CF (VND) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.01x | ₫622.64 Billion | ₫613.92 Billion | ▲ +155.6% |
| 2024 | 0.40x | ₫163.68 Billion | ₫412.52 Billion | ▲ +1375.5% |
| 2023 | -0.03x | ₫-7.61 Billion | ₫244.55 Billion | ▼ -101.3% |
| 2022 | 2.38x | ₫890.27 Billion | ₫374.75 Billion | ▲ +425.7% |
| 2021 | 0.45x | ₫199.91 Billion | ₫442.38 Billion | ▼ -39.3% |
| 2020 | 0.74x | ₫172.54 Billion | ₫231.81 Billion | ▼ -46.0% |
| 2019 | 1.38x | ₫619.96 Billion | ₫449.87 Billion | — |