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 how aggressively does Merchant Express Class A reinvest cash to assess the company's total reinvestment commitment from operating cash flow.

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. For the full cash flow conversion analysis, see Merchant Express Class A operating cash flow efficiency.

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. Explore debt repayment capacity of Merchant Express Class A to assess how comfortably operating cash covers total debt obligations.

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