Qantas Airways Ltd (QAN) — Cash Flow-to-Debt Ratio
Qantas Airways Ltd (QAN) has a Cash Flow-to-Debt Ratio of 0.07x as of December 2025, meaning its operating cash flow of AU$1.69 Billion could theoretically repay 0% of its total liabilities (AU$22.55 Billion) in one year. See Qantas Airways Ltd (QAN) flexibility index 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
Qantas Airways Ltd Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for Qantas Airways Ltd across 31 annual periods. For the full cash flow conversion analysis, see Qantas Airways Ltd (QAN) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Qantas Airways Ltd (1994–2025)
Year-by-year debt coverage analysis for Qantas Airways Ltd. Check Qantas Airways Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (AUD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | AU$4.25 Billion | AU$22.57 Billion | ▲ +13.9% |
| 2024 | 0.17x | AU$3.35 Billion | AU$20.27 Billion | ▼ -33.4% |
| 2023 | 0.25x | AU$5.05 Billion | AU$20.34 Billion | ▲ +84.6% |
| 2022 | 0.13x | AU$2.67 Billion | AU$19.84 Billion | ▲ +674.1% |
| 2021 | -0.02x | AU$-407.00 Million | AU$17.36 Billion | ▼ -140.0% |
| 2020 | 0.06x | AU$1.08 Billion | AU$18.50 Billion | ▼ -67.6% |
| 2019 | 0.18x | AU$3.16 Billion | AU$17.52 Billion | ▼ -22.3% |
| 2018 | 0.23x | AU$3.41 Billion | AU$14.69 Billion | ▲ +17.5% |
| 2017 | 0.20x | AU$2.70 Billion | AU$13.68 Billion | ▼ -5.7% |
| 2016 | 0.21x | AU$2.82 Billion | AU$13.45 Billion | ▲ +44.2% |
| 2015 | 0.15x | AU$2.05 Billion | AU$14.08 Billion | ▲ +96.6% |
| 2014 | 0.07x | AU$1.07 Billion | AU$14.45 Billion | ▼ -25.9% |
| 2013 | 0.10x | AU$1.42 Billion | AU$14.19 Billion | ▼ -15.7% |
| 2012 | 0.12x | AU$1.81 Billion | AU$15.29 Billion | ▲ +2.9% |
| 2011 | 0.12x | AU$1.69 Billion | AU$14.71 Billion | ▲ +22.6% |
| 2010 | 0.09x | AU$1.31 Billion | AU$13.93 Billion | ▲ +18.7% |
| 2009 | 0.08x | AU$1.13 Billion | AU$14.28 Billion | ▼ -48.1% |
| 2008 | 0.15x | AU$2.13 Billion | AU$13.97 Billion | ▼ -13.2% |
| 2007 | 0.18x | AU$2.35 Billion | AU$13.41 Billion | ▲ +13.5% |
| 2006 | 0.15x | AU$2.03 Billion | AU$13.10 Billion | ▼ -7.2% |
| 2005 | 0.17x | AU$1.95 Billion | AU$11.71 Billion | ▼ -2.3% |
| 2004 | 0.17x | AU$2.00 Billion | AU$11.73 Billion | ▲ +54.6% |
| 2003 | 0.11x | AU$1.29 Billion | AU$11.71 Billion | ▲ +1.7% |
| 2002 | 0.11x | AU$1.14 Billion | AU$10.55 Billion | ▼ -9.4% |
| 2001 | 0.12x | AU$1.10 Billion | AU$9.20 Billion | ▼ -31.6% |
| 2000 | 0.17x | AU$1.60 Billion | AU$9.14 Billion | ▲ +18.3% |
| 1999 | 0.15x | AU$1.21 Billion | AU$8.17 Billion | ▼ -10.2% |
| 1998 | 0.16x | AU$1.22 Billion | AU$7.40 Billion | ▲ +7.4% |
| 1997 | 0.15x | AU$1.11 Billion | AU$7.24 Billion | ▲ +19.5% |
| 1995 | 0.13x | AU$853.80 Million | AU$6.65 Billion | ▲ +6.5% |
| 1994 | 0.12x | AU$729.00 Million | AU$6.05 Billion | — |