China Merchants Securities Co. Ltd (195H) — Cash Flow-to-Debt Ratio
China Merchants Securities Co. Ltd (195H) has a Cash Flow-to-Debt Ratio of 0.03x as of March 2026, meaning its operating cash flow of €19.69 Billion could theoretically repay 0% of its total liabilities (€646.99 Billion) in one year. See 195H FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
China Merchants Securities Co. Ltd Cash Flow-to-Debt Ratio (2017–2025)
Historical debt coverage capacity for China Merchants Securities Co. Ltd across 9 annual periods. For the full cash flow conversion analysis, see China Merchants Securities Co. Ltd operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for China Merchants Securities Co. Ltd (2017–2025)
Year-by-year debt coverage analysis for China Merchants Securities Co. Ltd. Check earnings quality score of China Merchants Securities Co. Ltd to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.05x | €-31.37 Billion | €615.43 Billion | ▼ -155.0% |
| 2024 | 0.09x | €54.73 Billion | €590.91 Billion | ▲ +7.0% |
| 2023 | 0.09x | €49.65 Billion | €573.82 Billion | ▼ -31.3% |
| 2022 | 0.13x | €62.50 Billion | €496.42 Billion | ▲ +248.1% |
| 2021 | -0.08x | €-41.19 Billion | €484.63 Billion | ▼ -241.5% |
| 2020 | -0.02x | €-9.81 Billion | €393.90 Billion | ▼ -173.9% |
| 2019 | 0.03x | €9.99 Billion | €296.64 Billion | ▼ -77.9% |
| 2018 | 0.15x | €34.17 Billion | €224.14 Billion | ▲ +173.9% |
| 2017 | -0.21x | €-42.55 Billion | €206.31 Billion | — |