Santos Ltd (STO) — Cash Flow-to-Debt Ratio
Santos Ltd (STO) has a Cash Flow-to-Debt Ratio of 0.07x as of December 2025, meaning its operating cash flow of AU$1.12 Billion could theoretically repay 0% of its total liabilities (AU$16.37 Billion) in one year. See STO FCF to total liabilities 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
Santos Ltd Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Santos Ltd across 35 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Santos Ltd.
Annual Cash Flow-to-Debt Ratio for Santos Ltd (1991–2025)
Year-by-year debt coverage analysis for Santos Ltd. Check STO cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (AUD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.16x | AU$2.65 Billion | AU$16.37 Billion | ▼ -20.1% |
| 2024 | 0.20x | AU$2.85 Billion | AU$14.10 Billion | ▼ -10.1% |
| 2023 | 0.22x | AU$3.26 Billion | AU$14.48 Billion | ▼ -18.3% |
| 2022 | 0.28x | AU$3.86 Billion | AU$14.01 Billion | ▲ +111.5% |
| 2021 | 0.13x | AU$2.27 Billion | AU$17.45 Billion | ▼ -8.0% |
| 2020 | 0.14x | AU$1.48 Billion | AU$10.43 Billion | ▼ -38.9% |
| 2019 | 0.23x | AU$2.05 Billion | AU$8.83 Billion | ▲ +2.1% |
| 2018 | 0.23x | AU$2.24 Billion | AU$9.86 Billion | ▲ +45.3% |
| 2017 | 0.16x | AU$1.02 Billion | AU$6.55 Billion | ▼ -2.5% |
| 2016 | 0.16x | AU$1.31 Billion | AU$8.18 Billion | ▲ +52.0% |
| 2015 | 0.11x | AU$899.59 Million | AU$8.54 Billion | ▼ -27.2% |
| 2014 | 0.14x | AU$1.53 Billion | AU$10.58 Billion | ▲ +4.1% |
| 2013 | 0.14x | AU$1.29 Billion | AU$9.27 Billion | ▼ -37.3% |
| 2012 | 0.22x | AU$1.77 Billion | AU$7.97 Billion | ▲ +19.3% |
| 2011 | 0.19x | AU$1.30 Billion | AU$7.00 Billion | ▼ -7.1% |
| 2010 | 0.20x | AU$1.25 Billion | AU$6.26 Billion | ▼ -28.6% |
| 2009 | 0.28x | AU$1.11 Billion | AU$3.95 Billion | ▼ -27.3% |
| 2008 | 0.39x | AU$1.44 Billion | AU$3.72 Billion | ▲ +27.5% |
| 2007 | 0.30x | AU$1.06 Billion | AU$3.52 Billion | ▼ -30.4% |
| 2006 | 0.43x | AU$1.22 Billion | AU$2.80 Billion | ▼ -6.2% |
| 2005 | 0.46x | AU$1.10 Billion | AU$2.36 Billion | ▲ +86.8% |
| 2004 | 0.25x | AU$475.77 Million | AU$1.92 Billion | ▼ -41.7% |
| 2003 | 0.43x | AU$681.77 Million | AU$1.60 Billion | ▲ +30.0% |
| 2002 | 0.33x | AU$450.90 Million | AU$1.38 Billion | ▲ +22.8% |
| 2001 | 0.27x | AU$315.98 Million | AU$1.19 Billion | ▼ -42.6% |
| 2000 | 0.46x | AU$607.29 Million | AU$1.31 Billion | ▲ +186.3% |
| 1999 | 0.16x | AU$339.78 Million | AU$2.10 Billion | ▼ -15.5% |
| 1998 | 0.19x | AU$268.69 Million | AU$1.40 Billion | ▼ -7.3% |
| 1997 | 0.21x | AU$284.94 Million | AU$1.38 Billion | ▲ +4.2% |
| 1996 | 0.20x | AU$341.96 Million | AU$1.72 Billion | ▼ -22.7% |
| 1995 | 0.26x | AU$266.78 Million | AU$1.04 Billion | ▼ -4.6% |
| 1994 | 0.27x | AU$285.00 Million | AU$1.06 Billion | ▼ -7.6% |
| 1993 | 0.29x | AU$286.26 Million | AU$982.49 Million | ▲ +25.0% |
| 1992 | 0.23x | AU$257.86 Million | AU$1.11 Billion | ▲ +15.8% |
| 1991 | 0.20x | AU$242.28 Million | AU$1.20 Billion | — |