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 QAN free cash flow to operating cash ratio 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
Qantas Airways Ltd Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for Qantas Airways Ltd across 31 annual periods. Also explore QAN shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Qantas Airways Ltd (1994–2025)
Year-by-year debt coverage analysis for Qantas Airways Ltd. For market capitalisation and broader financial context, see QAN market cap overview.
| 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 | — |