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 Fortescue Ltd free cash flow to debt ratio 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
Fortescue Ltd Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Fortescue Ltd across 33 annual periods. For the full cash flow conversion analysis, see Fortescue Ltd (FMG) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Fortescue Ltd (1991–2025)
Year-by-year debt coverage analysis for Fortescue Ltd. Check FMG cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (AUD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.61x | 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 | — |