China Merchants Securities Co. Ltd (195H) — Financial Flexibility Index
China Merchants Securities Co. Ltd (195H) has a Financial Flexibility Index of 0.03x as of March 2026. Free cash flow of €19.85 Billion (operating CF €19.69 Billion minus capex €163.32 Million) represents 0% of total liabilities (€646.99 Billion). Check China Merchants Securities Co. Ltd (195H) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
China Merchants Securities Co. Ltd Financial Flexibility Index (2017–2025)
Historical Financial Flexibility Index trend for China Merchants Securities Co. Ltd across 9 annual periods. For the full cash flow conversion analysis, see China Merchants Securities Co. Ltd cash conversion from operations.
Annual Financial Flexibility Index for China Merchants Securities Co. Ltd (2017–2025)
Year-by-year free cash flow to debt coverage for China Merchants Securities Co. Ltd. Explore cash flow to debt ratio of China Merchants Securities Co. Ltd to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (EUR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.05x | €-30.65 Billion | €-31.37 Billion | €615.43 Billion | ▼ -153.0% |
| 2024 | 0.09x | €55.49 Billion | €54.73 Billion | €590.91 Billion | ▲ +7.4% |
| 2023 | 0.09x | €50.17 Billion | €49.65 Billion | €573.82 Billion | ▼ -31.2% |
| 2022 | 0.13x | €63.06 Billion | €62.50 Billion | €496.42 Billion | ▲ +251.0% |
| 2021 | -0.08x | €-40.78 Billion | €-41.19 Billion | €484.63 Billion | ▼ -251.4% |
| 2020 | -0.02x | €-9.43 Billion | €-9.81 Billion | €393.90 Billion | ▼ -169.4% |
| 2019 | 0.03x | €10.23 Billion | €9.99 Billion | €296.64 Billion | ▼ -77.7% |
| 2018 | 0.15x | €34.63 Billion | €34.17 Billion | €224.14 Billion | ▲ +175.4% |
| 2017 | -0.20x | €-42.29 Billion | €-42.55 Billion | €206.31 Billion | — |