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. Explore investment intensity of First Tractor Co Ltd to see how much of total assets are deployed in long-term investments.
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 assets under control for the complete picture of this company's asset base.
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 market value of First Tractor Co Ltd.
| 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 | — |