Bavarian Nordic (BAVA) — Cash Flow-to-Debt Ratio
Bavarian Nordic (BAVA) has a Cash Flow-to-Debt Ratio of 0.26x as of December 2025, meaning its operating cash flow of Dkr545.05 Million could theoretically repay 0% of its total liabilities (Dkr2.08 Billion) in one year. See BAVA 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
Bavarian Nordic Cash Flow-to-Debt Ratio (2001–2025)
Historical debt coverage capacity for Bavarian Nordic across 25 annual periods. Also explore BAVA net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Bavarian Nordic (2001–2025)
Year-by-year debt coverage analysis for Bavarian Nordic. For market capitalisation and broader financial context, see BAVA stock market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (DKK) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 1.31x | Dkr2.72 Billion | Dkr2.08 Billion | ▲ +100.7% |
| 2024 | 0.65x | Dkr1.95 Billion | Dkr3.00 Billion | ▲ +133.3% |
| 2023 | 0.28x | Dkr1.12 Billion | Dkr4.01 Billion | ▲ +564.2% |
| 2022 | 0.04x | Dkr220.05 Million | Dkr5.24 Billion | ▲ +155.2% |
| 2021 | -0.08x | Dkr-358.50 Million | Dkr4.71 Billion | ▼ -151.4% |
| 2020 | 0.15x | Dkr571.91 Million | Dkr3.86 Billion | ▲ +377.9% |
| 2019 | -0.05x | Dkr-275.91 Million | Dkr5.18 Billion | ▲ +83.8% |
| 2018 | -0.33x | Dkr-288.53 Million | Dkr880.31 Million | ▼ -198.1% |
| 2017 | 0.33x | Dkr216.06 Million | Dkr646.37 Million | ▲ +0.7% |
| 2016 | 0.33x | Dkr267.60 Million | Dkr806.46 Million | ▲ +103.8% |
| 2015 | 0.16x | Dkr105.32 Million | Dkr646.78 Million | ▼ -69.5% |
| 2014 | 0.53x | Dkr338.75 Million | Dkr635.17 Million | ▲ +72.6% |
| 2013 | 0.31x | Dkr147.08 Million | Dkr475.92 Million | ▲ +729.5% |
| 2012 | 0.04x | Dkr20.10 Million | Dkr539.50 Million | ▲ +107.6% |
| 2011 | -0.49x | Dkr-375.24 Million | Dkr768.99 Million | ▼ -33.6% |
| 2010 | -0.37x | Dkr-239.86 Million | Dkr656.69 Million | ▲ +57.2% |
| 2009 | -0.85x | Dkr-484.14 Million | Dkr566.89 Million | ▼ -2688.0% |
| 2008 | 0.03x | Dkr22.41 Million | Dkr679.13 Million | ▼ -89.6% |
| 2007 | 0.32x | Dkr163.16 Million | Dkr514.39 Million | ▲ +142.9% |
| 2006 | -0.74x | Dkr-194.49 Million | Dkr263.02 Million | ▼ -279.1% |
| 2005 | -0.20x | Dkr-58.21 Million | Dkr298.46 Million | ▲ +27.0% |
| 2004 | -0.27x | Dkr-76.63 Million | Dkr286.71 Million | ▼ -10593.9% |
| 2003 | 0.00x | Dkr209.27K | Dkr82.17 Million | ▲ +102.3% |
| 2002 | -0.11x | Dkr-13.71 Million | Dkr121.26 Million | ▲ +97.8% |
| 2001 | -5.25x | Dkr-93.12 Million | Dkr17.73 Million | — |