Merchant Express Class A (001965) — Financial Flexibility Index

Latest as of September 2025: 0.05x

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). Check Merchant Express Class A strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.05x
Free Cash Flow / Total Liabilities

Free Cash Flow

CN¥3.54 Billion
Operating CF − Capex

Total Liabilities

CN¥76.50 Billion
CNY

Capital Expenditures

CN¥210.54 Million
CNY

Merchant Express Class A Financial Flexibility Index (2014–2024)

Historical Financial Flexibility Index trend for Merchant Express Class A across 11 annual periods. See 001965 working capital efficiency to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Merchant Express Class A (2014–2024)

Year-by-year free cash flow to debt coverage for Merchant Express Class A. For the full company profile including market capitalisation, see market value of Merchant Express Class A.

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 —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities