Harvey Norman Holdings Ltd (HVN) — Cash Flow-to-Debt Ratio
Harvey Norman Holdings Ltd (HVN) has a Cash Flow-to-Debt Ratio of 0.10x as of December 2025, meaning its operating cash flow of AU$392.88 Million could theoretically repay 0% of its total liabilities (AU$3.82 Billion) in one year. See Harvey Norman Holdings Ltd (HVN) financial flexibility 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
Harvey Norman Holdings Ltd Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Harvey Norman Holdings Ltd across 33 annual periods. For the full cash flow conversion analysis, see HVN cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Harvey Norman Holdings Ltd (1991–2025)
Year-by-year debt coverage analysis for Harvey Norman Holdings Ltd. Check HVN 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 | 0.20x | AU$694.30 Million | AU$3.53 Billion | ▼ -2.8% |
| 2024 | 0.20x | AU$686.53 Million | AU$3.39 Billion | ▼ -4.6% |
| 2023 | 0.21x | AU$680.26 Million | AU$3.21 Billion | ▲ +4.9% |
| 2022 | 0.20x | AU$597.30 Million | AU$2.95 Billion | ▲ +3.4% |
| 2021 | 0.20x | AU$543.87 Million | AU$2.78 Billion | ▼ -56.5% |
| 2020 | 0.45x | AU$1.06 Billion | AU$2.35 Billion | ▲ +93.0% |
| 2019 | 0.23x | AU$372.85 Million | AU$1.60 Billion | ▼ -15.9% |
| 2018 | 0.28x | AU$454.17 Million | AU$1.64 Billion | ▼ -10.3% |
| 2017 | 0.31x | AU$425.14 Million | AU$1.38 Billion | ▲ +23.0% |
| 2016 | 0.25x | AU$437.69 Million | AU$1.74 Billion | ▲ +30.5% |
| 2015 | 0.19x | AU$340.45 Million | AU$1.77 Billion | ▼ -2.7% |
| 2014 | 0.20x | AU$338.94 Million | AU$1.72 Billion | ▲ +40.5% |
| 2013 | 0.14x | AU$239.22 Million | AU$1.70 Billion | ▲ +17.9% |
| 2012 | 0.12x | AU$200.94 Million | AU$1.68 Billion | ▼ -41.0% |
| 2011 | 0.20x | AU$358.97 Million | AU$1.78 Billion | ▼ -19.1% |
| 2010 | 0.25x | AU$386.87 Million | AU$1.55 Billion | ▼ -9.8% |
| 2009 | 0.28x | AU$442.50 Million | AU$1.60 Billion | ▲ +35.7% |
| 2008 | 0.20x | AU$289.45 Million | AU$1.42 Billion | ▼ -33.4% |
| 2007 | 0.31x | AU$444.43 Million | AU$1.45 Billion | ▲ +204.4% |
| 2006 | 0.10x | AU$159.76 Million | AU$1.59 Billion | ▼ -26.1% |
| 2005 | 0.14x | AU$184.92 Million | AU$1.36 Billion | ▼ -18.0% |
| 2004 | 0.17x | AU$189.44 Million | AU$1.14 Billion | ▲ +36.6% |
| 2003 | 0.12x | AU$108.38 Million | AU$891.68 Million | ▼ -49.0% |
| 2002 | 0.24x | AU$188.95 Million | AU$792.61 Million | ▲ +183.6% |
| 2001 | 0.08x | AU$61.15 Million | AU$727.40 Million | ▼ -58.1% |
| 2000 | 0.20x | AU$121.87 Million | AU$607.44 Million | ▲ +73.6% |
| 1997 | 0.12x | AU$29.70 Million | AU$256.89 Million | ▼ -64.7% |
| 1996 | 0.33x | AU$67.79 Million | AU$207.28 Million | ▲ +335.0% |
| 1995 | 0.08x | AU$16.05 Million | AU$213.56 Million | ▲ +59.1% |
| 1994 | 0.05x | AU$7.48 Million | AU$158.28 Million | ▲ +183.1% |
| 1993 | -0.06x | AU$-6.53 Million | AU$114.71 Million | ▼ -383.6% |
| 1992 | 0.02x | AU$1.71 Million | AU$85.24 Million | ▼ -85.4% |
| 1991 | 0.14x | AU$9.89 Million | AU$71.78 Million | — |