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 First Tractor Co Ltd (601038) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see how efficiently does First Tractor Co Ltd generate cash.
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. Explore debt repayment capacity of First Tractor Co Ltd to assess how comfortably operating cash covers total debt obligations.
| 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 | — |