Hangzhou First PV Material Co Ltd (603806) — Cash Flow-to-Debt Ratio

Latest as of September 2025: 0.20x

Hangzhou First PV Material Co Ltd (603806) has a Cash Flow-to-Debt Ratio of 0.20x as of September 2025, meaning its operating cash flow of CN¥921.00 Million could theoretically repay 0% of its total liabilities (CN¥4.60 Billion) in one year. See Hangzhou First PV Material Co Ltd (603806) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

CF-to-Debt Ratio

0.20x
Operating CF / Total Liabilities

Operating Cash Flow

CN¥921.00 Million
CNY

Total Liabilities

CN¥4.60 Billion
CNY

Data as of

Sep 2025
Most recent filing

Hangzhou First PV Material Co Ltd Cash Flow-to-Debt Ratio (2009–2024)

Historical debt coverage capacity for Hangzhou First PV Material Co Ltd across 16 annual periods. Also explore 603806 net assets growth trend to track the company's year-over-year net asset growth rate.

Annual Cash Flow-to-Debt Ratio for Hangzhou First PV Material Co Ltd (2009–2024)

Year-by-year debt coverage analysis for Hangzhou First PV Material Co Ltd. For market capitalisation and broader financial context, see 603806 market cap.

Year CF-to-Debt Ratio Operating CF (CNY) Total Liabilities YoY Change
2024 0.96x CN¥4.39 Billion CN¥4.59 Billion ▲ +34351.6%
2023 0.00x CN¥-16.84 Million CN¥6.04 Billion ▼ -166.2%
2022 0.00x CN¥26.04 Million CN¥6.18 Billion ▲ +104.3%
2021 -0.10x CN¥-147.56 Million CN¥1.50 Billion ▼ -191.0%
2020 0.11x CN¥272.34 Million CN¥2.52 Billion ▼ -55.8%
2019 0.24x CN¥434.94 Million CN¥1.78 Billion ▲ +30.0%
2018 0.19x CN¥169.57 Million CN¥900.19 Million ▼ -47.7%
2017 0.36x CN¥242.96 Million CN¥674.52 Million ▼ -20.0%
2016 0.45x CN¥295.09 Million CN¥655.07 Million ▼ -38.7%
2015 0.73x CN¥415.95 Million CN¥566.45 Million ▲ +236.7%
2014 0.22x CN¥99.87 Million CN¥457.92 Million ▼ -76.1%
2013 0.91x CN¥406.97 Million CN¥446.28 Million ▼ -13.5%
2012 1.05x CN¥317.51 Million CN¥301.15 Million ▼ -25.7%
2011 1.42x CN¥272.91 Million CN¥192.20 Million ▼ -2.8%
2010 1.46x CN¥267.92 Million CN¥183.47 Million ▲ +447.7%
2009 0.27x CN¥42.67 Million CN¥160.02 Million —
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.