Hangzhou First PV Material Co Ltd (603806) — Financial Flexibility Index

Latest as of September 2025: 0.23x

Hangzhou First PV Material Co Ltd (603806) has a Financial Flexibility Index of 0.23x as of September 2025. Free cash flow of CN¥1.05 Billion (operating CF CN¥921.00 Million minus capex CN¥133.01 Million) represents 0% of total liabilities (CN¥4.60 Billion). Check 603806 cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.23x
Free Cash Flow / Total Liabilities

Free Cash Flow

CN¥1.05 Billion
Operating CF − Capex

Total Liabilities

CN¥4.60 Billion
CNY

Capital Expenditures

CN¥133.01 Million
CNY

Hangzhou First PV Material Co Ltd Financial Flexibility Index (2009–2024)

Historical Financial Flexibility Index trend for Hangzhou First PV Material Co Ltd across 16 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Hangzhou First PV Material Co Ltd.

Annual Financial Flexibility Index for Hangzhou First PV Material Co Ltd (2009–2024)

Year-by-year free cash flow to debt coverage for Hangzhou First PV Material Co Ltd. Explore cash flow to debt ratio of Hangzhou First PV Material 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
2024 1.10x CN¥5.03 Billion CN¥4.39 Billion CN¥4.59 Billion ▲ +810.9%
2023 0.12x CN¥726.02 Million CN¥-16.84 Million CN¥6.04 Billion ▲ +23.3%
2022 0.10x CN¥602.98 Million CN¥26.04 Million CN¥6.18 Billion ▼ -62.4%
2021 0.26x CN¥388.47 Million CN¥-147.56 Million CN¥1.50 Billion ▲ +3.9%
2020 0.25x CN¥628.14 Million CN¥272.34 Million CN¥2.52 Billion ▼ -26.1%
2019 0.34x CN¥600.26 Million CN¥434.94 Million CN¥1.78 Billion ▼ -16.7%
2018 0.41x CN¥365.08 Million CN¥169.57 Million CN¥900.19 Million ▼ -38.9%
2017 0.66x CN¥447.62 Million CN¥242.96 Million CN¥674.52 Million ▼ -24.8%
2016 0.88x CN¥578.35 Million CN¥295.09 Million CN¥655.07 Million ▼ -5.7%
2015 0.94x CN¥530.41 Million CN¥415.95 Million CN¥566.45 Million ▲ +160.1%
2014 0.36x CN¥164.86 Million CN¥99.87 Million CN¥457.92 Million ▼ -68.6%
2013 1.15x CN¥511.46 Million CN¥406.97 Million CN¥446.28 Million ▼ -16.8%
2012 1.38x CN¥414.85 Million CN¥317.51 Million CN¥301.15 Million ▼ -23.1%
2011 1.79x CN¥344.47 Million CN¥272.91 Million CN¥192.20 Million ▼ -4.9%
2010 1.88x CN¥345.63 Million CN¥267.92 Million CN¥183.47 Million ▲ +148.4%
2009 0.76x CN¥121.36 Million CN¥42.67 Million CN¥160.02 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities