Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

MZY Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

Free Cash Flow = Operating Cash Flow - Capital Expenditures

Using above formula to calculate Free Cash Flow for Smartshares Aus Mid Cap (MZY), the free cash flow value is 1.39M.

All amounts in NZD

Operating Cash
1.39M
Capital Expenditure
-
Free Cash Flow
1.39M

Smartshares Aus Mid Cap has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

MZY Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Smartshares Aus Mid Cap (NZX:MZY).

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Net Income-22.76M1.43M8.84M24.19M
Change To Netincome24.59M1.08M-6.44M-22.52M
Change To Account Receivables56k-111k-34k-596.57k
Change To Liabilities8k-27k19k212.57k
Change To Operating Activities46k91k1k10.29k
Total Cash From Operating Activities1.39M2.1M3.1M1.63M
Investments-500k-2.1M-3.62M-1.12M
Total Cashflows From Investing Activities-500k-2.1M-3.62M-1.11M
Dividends Paid-2.04M-2.01M-1.81M-1.39M
Other Cashflows From Financing Activities39k39k39k39k
Total Cash From Financing Activities-2M-80k84k3.5M
Change In Cash-1.11M-75k-423k4.01M