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 China Merchants Securities Co Ltd (600999) flexibility index 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 (2004–2024)
Historical debt coverage capacity for China Merchants Securities Co Ltd across 21 annual periods. For the full cash flow conversion analysis, see 600999 operating cash flow.
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. Check China Merchants Securities Co Ltd (600999) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |