First Tractor Co Ltd (601038) — Financial Flexibility Index
First Tractor Co Ltd (601038) has a Financial Flexibility Index of 0.01x as of December 2025. Free cash flow of CN¥43.19 Million (operating CF CN¥-71.98 Million minus capex CN¥115.18 Million) represents 0% of total liabilities (CN¥6.66 Billion). Check 601038 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
First Tractor Co Ltd Financial Flexibility Index (2004–2025)
Historical Financial Flexibility Index trend for First Tractor Co Ltd across 22 annual periods. See First Tractor Co Ltd (601038) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for First Tractor Co Ltd (2004–2025)
Year-by-year free cash flow to debt coverage for First Tractor Co Ltd. For the full company profile including market capitalisation, see market cap of First Tractor Co Ltd.
| Year | Flexibility Index | Free Cash Flow (CNY) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.19x | CN¥1.25 Billion | CN¥1.06 Billion | CN¥6.66 Billion | ▼ -2.4% |
| 2024 | 0.19x | CN¥1.33 Billion | CN¥1.22 Billion | CN¥6.91 Billion | ▲ +10.7% |
| 2023 | 0.17x | CN¥1.15 Billion | CN¥1.06 Billion | CN¥6.60 Billion | ▼ -69.5% |
| 2022 | 0.57x | CN¥3.70 Billion | CN¥3.60 Billion | CN¥6.49 Billion | ▲ +457.0% |
| 2021 | 0.10x | CN¥650.13 Million | CN¥582.28 Million | CN¥6.36 Billion | ▼ -43.4% |
| 2020 | 0.18x | CN¥1.33 Billion | CN¥1.25 Billion | CN¥7.37 Billion | ▲ +113.1% |
| 2019 | 0.08x | CN¥579.85 Million | CN¥330.73 Million | CN¥6.85 Billion | ▲ +719.8% |
| 2018 | -0.01x | CN¥-115.97 Million | CN¥-384.40 Million | CN¥8.48 Billion | ▲ +55.0% |
| 2017 | -0.03x | CN¥-263.16 Million | CN¥-556.31 Million | CN¥8.66 Billion | ▼ -110.1% |
| 2016 | 0.30x | CN¥2.31 Billion | CN¥2.09 Billion | CN¥7.71 Billion | ▲ +125.2% |
| 2015 | 0.13x | CN¥1.05 Billion | CN¥637.80 Million | CN¥7.87 Billion | ▲ +28.0% |
| 2014 | 0.10x | CN¥731.68 Million | CN¥74.87 Million | CN¥7.03 Billion | ▲ +95.6% |
| 2013 | 0.05x | CN¥342.51 Million | CN¥-131.90 Million | CN¥6.44 Billion | ▼ -70.6% |
| 2012 | 0.18x | CN¥1.06 Billion | CN¥555.13 Million | CN¥5.84 Billion | ▼ -8.7% |
| 2011 | 0.20x | CN¥1.07 Billion | CN¥463.70 Million | CN¥5.39 Billion | ▼ -14.4% |
| 2010 | 0.23x | CN¥1.11 Billion | CN¥543.23 Million | CN¥4.80 Billion | ▲ +39.2% |
| 2009 | 0.17x | CN¥493.53 Million | CN¥338.32 Million | CN¥2.97 Billion | ▼ -6.6% |
| 2008 | 0.18x | CN¥521.07 Million | CN¥329.80 Million | CN¥2.93 Billion | ▲ +77.0% |
| 2007 | 0.10x | CN¥272.64 Million | CN¥86.09 Million | CN¥2.71 Billion | ▼ -38.5% |
| 2006 | 0.16x | CN¥423.17 Million | CN¥242.18 Million | CN¥2.59 Billion | ▼ -37.4% |
| 2005 | 0.26x | CN¥425.02 Million | CN¥241.47 Million | CN¥1.63 Billion | ▲ +342.5% |
| 2004 | -0.11x | CN¥-152.22 Million | CN¥-282.12 Million | CN¥1.41 Billion | — |