Kernel Holding SA (KER) — Cash Flow Quality Index

Latest as of December 2025: -7.40x

Kernel Holding SA (KER) has a Cash Flow Quality Index of -7.40x as of December 2025. Operating cash flow of zł-175.51 Million is below net income of zł23.71 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore KER operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-7.40x
Operating CF / Net Income

Operating Cash Flow

zł-175.51 Million
PLN

Net Income

zł23.71 Million
PLN

Data as of

Dec 2025
Most recent filing

Kernel Holding SA Cash Flow Quality Index (2005–2024)

Historical Cash Flow Quality Index for Kernel Holding SA across 17 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Kernel Holding SA (KER) cash conversion ratio.

Annual Cash Flow Quality Index for Kernel Holding SA (2005–2024)

Year-by-year earnings quality comparison for Kernel Holding SA.

Year Quality Index Operating CF (PLN) Net Income YoY Change
2024 2.24x zł472.14 Million zł211.05 Million ▲ +14.9%
2023 1.95x zł716.13 Million zł367.82 Million ▲ +185.7%
2021 0.68x zł459.84 Million zł674.84 Million ▼ -63.4%
2020 1.86x zł269.36 Million zł144.82 Million ▲ +78.3%
2019 1.04x zł198.65 Million zł190.41 Million ▼ -36.7%
2018 1.65x zł82.48 Million zł50.05 Million ▲ +320.3%
2017 0.39x zł77.41 Million zł197.44 Million ▼ -32.1%
2016 0.58x zł133.72 Million zł231.66 Million ▼ -86.1%
2015 4.16x zł404.72 Million zł97.24 Million ▲ +54.0%
2013 2.70x zł297.67 Million zł110.15 Million ▲ +2284.0%
2012 -0.12x zł-23.99 Million zł193.89 Million ▼ -145.9%
2011 0.27x zł56.15 Million zł208.42 Million ▼ -51.8%
2010 0.56x zł84.80 Million zł151.59 Million ▼ -45.1%
2009 1.02x zł129.29 Million zł126.86 Million ▲ +166.7%
2008 -1.53x zł-125.62 Million zł82.20 Million ▼ -320.0%
2007 0.69x zł11.59 Million zł16.69 Million ▲ +104.2%
2005 -16.42x zł-5.30 Million zł323.00K —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.