Novoray Corporation (688300) — Financial Flexibility Index

Latest as of September 2025: 0.20x

Novoray Corporation (688300) has a Financial Flexibility Index of 0.20x as of September 2025. Free cash flow of CN¥114.77 Million (operating CF CN¥93.17 Million minus capex CN¥21.60 Million) represents 0% of total liabilities (CN¥585.16 Million). Check 688300 cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.20x
Free Cash Flow / Total Liabilities

Free Cash Flow

CN¥114.77 Million
Operating CF − Capex

Total Liabilities

CN¥585.16 Million
CNY

Capital Expenditures

CN¥21.60 Million
CNY

Novoray Corporation Financial Flexibility Index (2012–2024)

Historical Financial Flexibility Index trend for Novoray Corporation across 13 annual periods. For the full cash flow conversion analysis, see Novoray Corporation (688300) cash flow conversion.

Annual Financial Flexibility Index for Novoray Corporation (2012–2024)

Year-by-year free cash flow to debt coverage for Novoray Corporation. Explore 688300 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (CNY) Operating CF Total Liabilities YoY Change
2024 0.74x CN¥344.29 Million CN¥254.71 Million CN¥464.29 Million ▲ +0.7%
2023 0.74x CN¥299.97 Million CN¥246.95 Million CN¥407.26 Million ▼ -42.7%
2022 1.29x CN¥395.50 Million CN¥240.68 Million CN¥307.59 Million ▼ -24.9%
2021 1.71x CN¥361.39 Million CN¥153.42 Million CN¥211.19 Million ▲ +2.9%
2020 1.66x CN¥213.82 Million CN¥89.69 Million CN¥128.62 Million ▲ +50.5%
2019 1.10x CN¥140.92 Million CN¥80.58 Million CN¥127.58 Million ▲ +28.5%
2018 0.86x CN¥80.97 Million CN¥55.69 Million CN¥94.19 Million ▲ +188.6%
2017 0.30x CN¥32.80 Million CN¥6.50 Million CN¥110.11 Million ▼ -21.5%
2016 0.38x CN¥30.93 Million CN¥23.17 Million CN¥81.45 Million ▲ +79.2%
2015 0.21x CN¥15.41 Million CN¥7.42 Million CN¥72.76 Million ▼ -13.8%
2014 0.25x CN¥19.93 Million CN¥17.33 Million CN¥81.05 Million ▼ -19.3%
2013 0.30x CN¥34.38 Million CN¥27.80 Million CN¥112.77 Million ▼ -70.4%
2012 1.03x CN¥47.13 Million CN¥16.16 Million CN¥45.78 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities