Merchant Express Class A (001965) — 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. See free cash flow generation of Merchant Express Class A to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Merchant Express Class A Cash Flow-to-Debt Ratio (2014–2024)
Historical debt coverage capacity for Merchant Express Class A across 11 annual periods. Also explore 001965 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Merchant Express Class A (2014–2024)
Year-by-year debt coverage analysis for Merchant Express Class A. For market capitalisation and broader financial context, see Merchant Express Class A (001965) total market value.
| 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 | — |