Fortescue Ltd (FMG) — Cash Flow-to-Debt Ratio
Fortescue Ltd (FMG) has a Cash Flow-to-Debt Ratio of 0.30x as of December 2025, meaning its operating cash flow of AU$3.23 Billion could theoretically repay 0% of its total liabilities (AU$10.65 Billion) in one year. See FMG FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Fortescue Ltd Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Fortescue Ltd across 33 annual periods. Also explore Fortescue Ltd net asset momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Fortescue Ltd (1991–2025)
Year-by-year debt coverage analysis for Fortescue Ltd. For market capitalisation and broader financial context, see FMG company net worth.
| Year | CF-to-Debt Ratio | Operating CF (AUD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.61x | AU$6.47 Billion | AU$10.56 Billion | ▼ -18.5% |
| 2024 | 0.75x | AU$7.92 Billion | AU$10.53 Billion | ▼ -26.0% |
| 2023 | 1.02x | AU$11.16 Billion | AU$10.98 Billion | ▲ +24.0% |
| 2022 | 0.82x | AU$9.63 Billion | AU$11.75 Billion | ▼ -44.6% |
| 2021 | 1.48x | AU$16.80 Billion | AU$11.36 Billion | ▲ +74.0% |
| 2020 | 0.85x | AU$9.30 Billion | AU$10.94 Billion | ▲ +91.0% |
| 2019 | 0.45x | AU$4.26 Billion | AU$9.57 Billion | ▲ +196.2% |
| 2018 | 0.15x | AU$1.28 Billion | AU$8.52 Billion | ▼ -65.4% |
| 2017 | 0.43x | AU$4.27 Billion | AU$9.83 Billion | ▲ +98.2% |
| 2016 | 0.22x | AU$2.48 Billion | AU$11.31 Billion | ▲ +14.3% |
| 2015 | 0.19x | AU$2.02 Billion | AU$10.51 Billion | ▼ -56.3% |
| 2014 | 0.44x | AU$6.23 Billion | AU$14.20 Billion | ▲ +111.1% |
| 2013 | 0.21x | AU$2.99 Billion | AU$14.40 Billion | ▼ -14.7% |
| 2012 | 0.24x | AU$2.79 Billion | AU$11.43 Billion | ▼ -41.6% |
| 2011 | 0.42x | AU$2.77 Billion | AU$6.62 Billion | ▲ +23.0% |
| 2010 | 0.34x | AU$1.10 Billion | AU$3.23 Billion | ▲ +107.1% |
| 2009 | 0.16x | AU$466.37 Million | AU$2.84 Billion | ▲ +149.9% |
| 2008 | -0.33x | AU$-2.06 Billion | AU$6.26 Billion | ▲ +38.0% |
| 2007 | -0.53x | AU$-1.22 Billion | AU$2.30 Billion | ▲ +74.5% |
| 2006 | -2.07x | AU$-95.29 Million | AU$45.97 Million | ▼ -95.3% |
| 2005 | -1.06x | AU$-36.62 Million | AU$34.50 Million | ▲ +71.2% |
| 2004 | -3.69x | AU$-5.38 Million | AU$1.46 Million | ▼ -389.5% |
| 2002 | 1.27x | AU$93.92K | AU$73.70K | ▼ -30.8% |
| 2001 | 1.84x | AU$325.49K | AU$176.67K | ▲ +326.1% |
| 2000 | -0.82x | AU$-228.98K | AU$280.95K | ▲ +26.5% |
| 1998 | -1.11x | AU$-419.61K | AU$378.63K | ▼ -917.8% |
| 1997 | -0.11x | AU$-130.36K | AU$1.20 Million | ▲ +83.6% |
| 1996 | -0.66x | AU$-296.23K | AU$446.81K | ▲ +95.5% |
| 1995 | -14.79x | AU$-254.45K | AU$17.21K | ▼ -89.1% |
| 1994 | -7.82x | AU$-565.72K | AU$72.35K | ▼ -3800.2% |
| 1993 | -0.20x | AU$-153.57K | AU$766.03K | ▼ -19.7% |
| 1992 | -0.17x | AU$-162.43K | AU$970.13K | ▲ +13.0% |
| 1991 | -0.19x | AU$-168.70K | AU$876.21K | — |