Merchant Express Class A Financial Flexibility Index
Merchant Express Class A financial flexibility index. Merchant Express Class A (001965) has a Financial Flexibility Index of 0.05x as of September 2025. Free cash flow of CN¥3.54 Billion (operating CF CN¥3.33 Billion minus capex CN¥210.54 Million) represents 0% of total liabilities (CN¥76.50 Billion). See cash generation quality of Merchant Express Class A to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Merchant Express Class A (2014–2024)
Financial flexibility index of Merchant Express Class A from 2014 to 2024. Historical Financial Flexibility Index trend for Merchant Express Class A across 11 annual periods. Check 001965 operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Merchant Express Class A Financial Flexibility Index by Year (2014–2024)
Merchant Express Class A financial flexibility index by year from 2014 to 2024. Year-by-year free cash flow to debt coverage for Merchant Express Class A. For the full cash flow conversion analysis, see 001965 operating cash flow.
| Year | Flexibility Index | Free Cash Flow (CNY) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.12x | CN¥8.37 Billion | CN¥7.12 Billion | CN¥70.39 Billion | ▲ +80.0% |
| 2023 | 0.07x | CN¥4.98 Billion | CN¥4.44 Billion | CN¥75.34 Billion | ▼ -32.5% |
| 2022 | 0.10x | CN¥4.63 Billion | CN¥3.88 Billion | CN¥47.26 Billion | ▼ -36.4% |
| 2021 | 0.15x | CN¥5.38 Billion | CN¥4.62 Billion | CN¥35.00 Billion | ▲ +12.1% |
| 2020 | 0.14x | CN¥4.70 Billion | CN¥3.22 Billion | CN¥34.28 Billion | ▼ -1.5% |
| 2019 | 0.14x | CN¥5.15 Billion | CN¥4.32 Billion | CN¥36.98 Billion | ▲ +7.5% |
| 2018 | 0.13x | CN¥4.44 Billion | CN¥3.68 Billion | CN¥34.29 Billion | ▼ -31.5% |
| 2017 | 0.19x | CN¥3.56 Billion | CN¥2.98 Billion | CN¥18.81 Billion | ▼ -21.9% |
| 2016 | 0.24x | CN¥2.93 Billion | CN¥2.31 Billion | CN¥12.08 Billion | ▲ +142.6% |
| 2015 | 0.10x | CN¥2.22 Billion | CN¥1.57 Billion | CN¥22.29 Billion | ▼ -40.1% |
| 2014 | 0.17x | CN¥2.54 Billion | CN¥1.43 Billion | CN¥15.22 Billion | — |