Aspen Group (APZ) — Cash Flow-to-Debt Ratio
Aspen Group (APZ) has a Cash Flow-to-Debt Ratio of 0.07x as of December 2025, meaning its operating cash flow of AU$20.74 Million could theoretically repay 0% of its total liabilities (AU$287.58 Million) in one year. See financial flexibility index of Aspen Group to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Aspen Group Cash Flow-to-Debt Ratio (1992–2025)
Historical debt coverage capacity for Aspen Group across 33 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Aspen Group.
Annual Cash Flow-to-Debt Ratio for Aspen Group (1992–2025)
Year-by-year debt coverage analysis for Aspen Group. Check Aspen Group (APZ) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (AUD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | AU$22.90 Million | AU$187.81 Million | ▼ -7.3% |
| 2024 | 0.13x | AU$30.95 Million | AU$235.29 Million | ▲ +100.8% |
| 2023 | 0.07x | AU$14.06 Million | AU$214.67 Million | ▼ -83.6% |
| 2022 | 0.40x | AU$76.37 Million | AU$191.47 Million | ▲ +204.8% |
| 2021 | 0.13x | AU$12.74 Million | AU$97.38 Million | ▼ -33.5% |
| 2020 | 0.20x | AU$11.24 Million | AU$57.15 Million | ▲ +68.5% |
| 2019 | 0.12x | AU$3.85 Million | AU$32.97 Million | ▼ -70.5% |
| 2018 | 0.40x | AU$5.14 Million | AU$12.99 Million | ▼ -17.9% |
| 2017 | 0.48x | AU$4.61 Million | AU$9.54 Million | ▲ +8.7% |
| 2016 | 0.44x | AU$4.83 Million | AU$10.88 Million | ▲ +2063.2% |
| 2015 | 0.02x | AU$3.42 Million | AU$166.37 Million | ▼ -97.9% |
| 2014 | 0.96x | AU$40.51 Million | AU$42.02 Million | ▲ +4128.2% |
| 2013 | -0.02x | AU$-7.78 Million | AU$324.90 Million | ▼ -113.5% |
| 2011 | 0.18x | AU$36.85 Million | AU$207.43 Million | ▲ +47.5% |
| 2010 | 0.12x | AU$31.11 Million | AU$258.26 Million | ▲ +76.5% |
| 2009 | 0.07x | AU$15.01 Million | AU$219.88 Million | ▼ -54.1% |
| 2008 | 0.15x | AU$40.53 Million | AU$272.83 Million | ▲ +29.4% |
| 2007 | 0.11x | AU$23.52 Million | AU$204.85 Million | ▲ +16.5% |
| 2006 | 0.10x | AU$18.16 Million | AU$184.31 Million | ▲ +66.2% |
| 2005 | 0.06x | AU$8.24 Million | AU$139.06 Million | ▼ -2.6% |
| 2004 | 0.06x | AU$4.13 Million | AU$67.84 Million | ▲ +1999.1% |
| 2003 | 0.00x | AU$79.00K | AU$27.26 Million | ▲ +100.1% |
| 2002 | -2.39x | AU$-934.54K | AU$390.41K | ▲ +71.8% |
| 2001 | -8.50x | AU$-5.29 Million | AU$622.09K | ▼ -429.2% |
| 2000 | -1.61x | AU$-2.20 Million | AU$1.37 Million | ▲ +43.7% |
| 1999 | -2.85x | AU$-259.96K | AU$91.12K | ▼ -710.3% |
| 1998 | -0.35x | AU$-409.88K | AU$1.16 Million | ▲ +91.2% |
| 1997 | -4.00x | AU$-206.93K | AU$51.70K | ▼ -139.4% |
| 1996 | -1.67x | AU$-269.60K | AU$161.24K | ▲ +59.1% |
| 1995 | -4.09x | AU$-335.00K | AU$82.00K | ▼ -97.9% |
| 1994 | -2.06x | AU$-382.00K | AU$185.00K | ▼ -5062.2% |
| 1993 | -0.04x | AU$-33.00K | AU$825.00K | ▼ -127.7% |
| 1992 | 0.14x | AU$93.00K | AU$643.00K | — |