First Tractor Co Ltd (601038) — Cash Flow-to-Debt Ratio
First Tractor Co Ltd (601038) has a Cash Flow-to-Debt Ratio of -0.01x as of December 2025, meaning its operating cash flow of CN¥-71.98 Million could theoretically repay 0% of its total liabilities (CN¥6.66 Billion) in one year. See First Tractor Co Ltd free cash flow ratio 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
First Tractor Co Ltd Cash Flow-to-Debt Ratio (2004–2025)
Historical debt coverage capacity for First Tractor Co Ltd across 22 annual periods. Also explore First Tractor Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for First Tractor Co Ltd (2004–2025)
Year-by-year debt coverage analysis for First Tractor Co Ltd. For market capitalisation and broader financial context, see how much is First Tractor Co Ltd worth.
| Year | CF-to-Debt Ratio | Operating CF (CNY) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.16x | CN¥1.06 Billion | CN¥6.66 Billion | ▼ -9.9% |
| 2024 | 0.18x | CN¥1.22 Billion | CN¥6.91 Billion | ▲ +9.9% |
| 2023 | 0.16x | CN¥1.06 Billion | CN¥6.60 Billion | ▼ -71.2% |
| 2022 | 0.56x | CN¥3.60 Billion | CN¥6.49 Billion | ▲ +506.1% |
| 2021 | 0.09x | CN¥582.28 Million | CN¥6.36 Billion | ▼ -46.0% |
| 2020 | 0.17x | CN¥1.25 Billion | CN¥7.37 Billion | ▲ +250.8% |
| 2019 | 0.05x | CN¥330.73 Million | CN¥6.85 Billion | ▲ +206.6% |
| 2018 | -0.05x | CN¥-384.40 Million | CN¥8.48 Billion | ▲ +29.4% |
| 2017 | -0.06x | CN¥-556.31 Million | CN¥8.66 Billion | ▼ -123.6% |
| 2016 | 0.27x | CN¥2.09 Billion | CN¥7.71 Billion | ▲ +235.3% |
| 2015 | 0.08x | CN¥637.80 Million | CN¥7.87 Billion | ▲ +661.1% |
| 2014 | 0.01x | CN¥74.87 Million | CN¥7.03 Billion | ▲ +152.0% |
| 2013 | -0.02x | CN¥-131.90 Million | CN¥6.44 Billion | ▼ -121.5% |
| 2012 | 0.10x | CN¥555.13 Million | CN¥5.84 Billion | ▲ +10.5% |
| 2011 | 0.09x | CN¥463.70 Million | CN¥5.39 Billion | ▼ -24.1% |
| 2010 | 0.11x | CN¥543.23 Million | CN¥4.80 Billion | ▼ -0.6% |
| 2009 | 0.11x | CN¥338.32 Million | CN¥2.97 Billion | ▲ +1.1% |
| 2008 | 0.11x | CN¥329.80 Million | CN¥2.93 Billion | ▲ +254.7% |
| 2007 | 0.03x | CN¥86.09 Million | CN¥2.71 Billion | ▼ -66.1% |
| 2006 | 0.09x | CN¥242.18 Million | CN¥2.59 Billion | ▼ -36.9% |
| 2005 | 0.15x | CN¥241.47 Million | CN¥1.63 Billion | ▲ +174.3% |
| 2004 | -0.20x | CN¥-282.12 Million | CN¥1.41 Billion | — |