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 financial agility of Bavarian Nordic 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
Bavarian Nordic Cash Flow-to-Debt Ratio (2001–2025)
Historical debt coverage capacity for Bavarian Nordic across 25 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Bavarian Nordic.
Annual Cash Flow-to-Debt Ratio for Bavarian Nordic (2001–2025)
Year-by-year debt coverage analysis for Bavarian Nordic. Check BAVA cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |