China Merchants Securities Co Ltd Financial Flexibility Index

Latest as of September 2025: -0.02x

China Merchants Securities Co Ltd 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). See free cash flow generation of China Merchants Securities Co Ltd to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

-0.02x
Free Cash Flow / Total Liabilities

Free Cash Flow

CN¥-11.30 Billion
Operating CF − Capex

Total Liabilities

CN¥627.92 Billion
CNY

Capital Expenditures

CN¥109.17 Million
CNY

Financial Flexibility Index of China Merchants Securities Co Ltd (2004–2024)

Financial flexibility index of China Merchants Securities Co Ltd from 2004 to 2024. Historical Financial Flexibility Index trend for China Merchants Securities Co Ltd across 21 annual periods. Check China Merchants Securities Co Ltd cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

China Merchants Securities Co Ltd Financial Flexibility Index by Year (2004–2024)

China Merchants Securities Co Ltd financial flexibility index by year from 2004 to 2024. Year-by-year free cash flow to debt coverage for China Merchants Securities Co Ltd. For the full cash flow conversion analysis, see China Merchants Securities Co Ltd cash flow conversion.

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