China Merchants Securities Co Ltd (600999) — Financial Flexibility Index

Latest as of September 2025: -0.02x

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 asset allocation strategy of China Merchants Securities Co Ltd to assess the company's strategic physical and investment asset allocation.

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

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. See working capital to net assets of China Merchants Securities Co Ltd to evaluate short-term liquidity relative to the company's equity base.

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. For the full company profile including market capitalisation, see China Merchants Securities Co Ltd stock valuation.

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