China Merchants Securities Co Ltd (600999) — Financial Flexibility Index
China Merchants Securities Co Ltd (600999) has a Financial Flexibility Index of -0.02x as of September 2025. Free cash flow of CN¥-11.30 Billion (operating CF CN¥-11.41 Billion minus capex CN¥109.17 Million) represents 0% of total liabilities (CN¥627.92 Billion). Check 600999 cash flow 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 (2004–2024)
Historical Financial Flexibility Index trend for China Merchants Securities Co Ltd across 21 annual periods. For the full cash flow conversion analysis, see 600999 cash generation efficiency.
Annual Financial Flexibility Index for China Merchants Securities Co Ltd (2004–2024)
Year-by-year free cash flow to debt coverage for China Merchants Securities Co Ltd. Explore China Merchants Securities Co Ltd (600999) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (CNY) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.09x | CN¥55.49 Billion | CN¥54.73 Billion | CN¥590.91 Billion | ▲ +94.4% |
| 2023 | 0.05x | CN¥27.71 Billion | CN¥27.10 Billion | CN¥573.82 Billion | ▼ -62.0% |
| 2022 | 0.13x | CN¥63.06 Billion | CN¥62.50 Billion | CN¥496.42 Billion | ▲ +251.0% |
| 2021 | -0.08x | CN¥-40.78 Billion | CN¥-41.19 Billion | CN¥484.63 Billion | ▼ -251.4% |
| 2020 | -0.02x | CN¥-9.43 Billion | CN¥-9.81 Billion | CN¥393.90 Billion | ▼ -169.4% |
| 2019 | 0.03x | CN¥10.23 Billion | CN¥9.99 Billion | CN¥296.64 Billion | ▼ -77.5% |
| 2018 | 0.15x | CN¥34.63 Billion | CN¥34.17 Billion | CN¥225.45 Billion | ▲ +174.9% |
| 2017 | -0.20x | CN¥-42.29 Billion | CN¥-42.55 Billion | CN¥206.31 Billion | ▼ -59.7% |
| 2016 | -0.13x | CN¥-23.51 Billion | CN¥-23.94 Billion | CN¥183.14 Billion | ▼ -2051.6% |
| 2015 | 0.01x | CN¥1.60 Billion | CN¥1.20 Billion | CN¥243.22 Billion | ▼ -95.0% |
| 2014 | 0.13x | CN¥19.97 Billion | CN¥19.61 Billion | CN¥151.81 Billion | ▲ +141.1% |
| 2013 | -0.32x | CN¥-18.14 Billion | CN¥-18.42 Billion | CN¥56.68 Billion | ▼ -428.6% |
| 2012 | -0.06x | CN¥-3.01 Billion | CN¥-3.18 Billion | CN¥49.77 Billion | ▲ +89.5% |
| 2011 | -0.57x | CN¥-25.37 Billion | CN¥-25.57 Billion | CN¥44.19 Billion | ▼ -6381.2% |
| 2010 | -0.01x | CN¥-632.29 Million | CN¥-780.77 Million | CN¥71.38 Billion | ▼ -102.9% |
| 2009 | 0.30x | CN¥22.24 Billion | CN¥22.12 Billion | CN¥73.90 Billion | ▲ +133.2% |
| 2008 | -0.91x | CN¥-35.85 Billion | CN¥-36.42 Billion | CN¥39.50 Billion | ▼ -214.3% |
| 2007 | 0.79x | CN¥58.64 Billion | CN¥58.37 Billion | CN¥73.82 Billion | ▲ +20.1% |
| 2006 | 0.66x | CN¥10.31 Billion | CN¥10.17 Billion | CN¥15.59 Billion | ▲ +144.9% |
| 2005 | 0.27x | CN¥1.70 Billion | CN¥1.67 Billion | CN¥6.29 Billion | ▲ +168.8% |
| 2004 | -0.39x | CN¥-1.57 Billion | CN¥-1.59 Billion | CN¥4.01 Billion | — |