Merchant Express Class A Cash Flow-to-Debt Ratio
Merchant Express Class A cash flow-to-debt ratio. Merchant Express Class A (001965) has a Cash Flow-to-Debt Ratio of 0.04x as of September 2025, meaning its operating cash flow of CN¥3.33 Billion could theoretically repay 0% of its total liabilities (CN¥76.50 Billion) in one year. Check Merchant Express Class A earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Merchant Express Class A (2014–2024)
Cash flow-to-debt ratio of Merchant Express Class A from 2014 to 2024. Historical debt coverage capacity for Merchant Express Class A across 11 annual periods. Check 001965 total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Merchant Express Class A Cash Flow-to-Debt Ratio by Year (2014–2024)
Merchant Express Class A cash flow-to-debt ratio by year from 2014 to 2024. Year-by-year debt coverage analysis for Merchant Express Class A. For the full cash flow conversion analysis, see Merchant Express Class A (001965) cash flow conversion.
| Year | CF-to-Debt Ratio | Operating CF (CNY) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.10x | CN¥7.12 Billion | CN¥70.39 Billion | ▲ +71.8% |
| 2023 | 0.06x | CN¥4.44 Billion | CN¥75.34 Billion | ▼ -28.2% |
| 2022 | 0.08x | CN¥3.88 Billion | CN¥47.26 Billion | ▼ -37.8% |
| 2021 | 0.13x | CN¥4.62 Billion | CN¥35.00 Billion | ▲ +40.6% |
| 2020 | 0.09x | CN¥3.22 Billion | CN¥34.28 Billion | ▼ -19.6% |
| 2019 | 0.12x | CN¥4.32 Billion | CN¥36.98 Billion | ▲ +8.7% |
| 2018 | 0.11x | CN¥3.68 Billion | CN¥34.29 Billion | ▼ -32.2% |
| 2017 | 0.16x | CN¥2.98 Billion | CN¥18.81 Billion | ▼ -17.0% |
| 2016 | 0.19x | CN¥2.31 Billion | CN¥12.08 Billion | ▲ +171.4% |
| 2015 | 0.07x | CN¥1.57 Billion | CN¥22.29 Billion | ▼ -25.1% |
| 2014 | 0.09x | CN¥1.43 Billion | CN¥15.22 Billion | — |