China Merchants Securities Co Ltd (600999) — Cash Flow-to-Debt Ratio
China Merchants Securities Co Ltd (600999) has a Cash Flow-to-Debt Ratio of -0.02x as of September 2025, meaning its operating cash flow of CN¥-11.41 Billion could theoretically repay 0% of its total liabilities (CN¥627.92 Billion) in one year. See cash generation quality of China Merchants Securities Co Ltd 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
China Merchants Securities Co Ltd Cash Flow-to-Debt Ratio (2004–2024)
Historical debt coverage capacity for China Merchants Securities Co Ltd across 21 annual periods. Also explore net asset growth rate of China Merchants Securities Co Ltd to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for China Merchants Securities Co Ltd (2004–2024)
Year-by-year debt coverage analysis for China Merchants Securities Co Ltd. For market capitalisation and broader financial context, see 600999 market cap overview.
| Year | CF-to-Debt Ratio | Operating CF (CNY) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.09x | CN¥54.73 Billion | CN¥590.91 Billion | ▲ +96.1% |
| 2023 | 0.05x | CN¥27.10 Billion | CN¥573.82 Billion | ▼ -62.5% |
| 2022 | 0.13x | CN¥62.50 Billion | CN¥496.42 Billion | ▲ +248.1% |
| 2021 | -0.08x | CN¥-41.19 Billion | CN¥484.63 Billion | ▼ -241.5% |
| 2020 | -0.02x | CN¥-9.81 Billion | CN¥393.90 Billion | ▼ -173.9% |
| 2019 | 0.03x | CN¥9.99 Billion | CN¥296.64 Billion | ▼ -77.8% |
| 2018 | 0.15x | CN¥34.17 Billion | CN¥225.45 Billion | ▲ +173.5% |
| 2017 | -0.21x | CN¥-42.55 Billion | CN¥206.31 Billion | ▼ -57.8% |
| 2016 | -0.13x | CN¥-23.94 Billion | CN¥183.14 Billion | ▼ -2753.8% |
| 2015 | 0.00x | CN¥1.20 Billion | CN¥243.22 Billion | ▼ -96.2% |
| 2014 | 0.13x | CN¥19.61 Billion | CN¥151.81 Billion | ▲ +139.7% |
| 2013 | -0.32x | CN¥-18.42 Billion | CN¥56.68 Billion | ▼ -409.0% |
| 2012 | -0.06x | CN¥-3.18 Billion | CN¥49.77 Billion | ▲ +89.0% |
| 2011 | -0.58x | CN¥-25.57 Billion | CN¥44.19 Billion | ▼ -5189.6% |
| 2010 | -0.01x | CN¥-780.77 Million | CN¥71.38 Billion | ▼ -103.7% |
| 2009 | 0.30x | CN¥22.12 Billion | CN¥73.90 Billion | ▲ +132.5% |
| 2008 | -0.92x | CN¥-36.42 Billion | CN¥39.50 Billion | ▼ -216.6% |
| 2007 | 0.79x | CN¥58.37 Billion | CN¥73.82 Billion | ▲ +21.2% |
| 2006 | 0.65x | CN¥10.17 Billion | CN¥15.59 Billion | ▲ +145.0% |
| 2005 | 0.27x | CN¥1.67 Billion | CN¥6.29 Billion | ▲ +167.0% |
| 2004 | -0.40x | CN¥-1.59 Billion | CN¥4.01 Billion | — |