Turkish Airlines (THYAO) — Cash Flow-to-Debt Ratio
Turkish Airlines (THYAO) has a Cash Flow-to-Debt Ratio of 0.04x as of December 2025, meaning its operating cash flow of TL1.07 Billion could theoretically repay 0% of its total liabilities (TL25.29 Billion) in one year. Explore investment intensity of Turkish Airlines to see how much of total assets are deployed in long-term investments.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Turkish Airlines Cash Flow-to-Debt Ratio (2003–2025)
Historical debt coverage capacity for Turkish Airlines across 22 annual periods. Also explore THYAO total assets for the complete picture of this company's asset base.
Annual Cash Flow-to-Debt Ratio for Turkish Airlines (2003–2025)
Year-by-year debt coverage analysis for Turkish Airlines. For market capitalisation and broader financial context, see market value of Turkish Airlines.
| Year | CF-to-Debt Ratio | Operating CF (TRY) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | TL4.30 Billion | TL25.29 Billion | ▲ +3087.8% |
| 2024 | 0.01x | TL3.84 Billion | TL719.59 Billion | ▼ -35.6% |
| 2023 | 0.01x | TL4.91 Billion | TL592.98 Billion | ▼ -97.2% |
| 2022 | 0.29x | TL117.01 Billion | TL397.14 Billion | ▼ -88.2% |
| 2021 | 2.51x | TL49.36 Billion | TL19.70 Billion | ▲ +6513.7% |
| 2020 | 0.04x | TL5.60 Billion | TL147.89 Billion | ▼ -94.8% |
| 2019 | 0.73x | TL13.03 Billion | TL17.83 Billion | ▲ +11.8% |
| 2018 | 0.65x | TL9.61 Billion | TL14.70 Billion | ▼ -7.4% |
| 2017 | 0.71x | TL9.01 Billion | TL12.77 Billion | ▲ +386.4% |
| 2016 | 0.15x | TL1.94 Billion | TL13.38 Billion | ▲ +20.4% |
| 2015 | 0.12x | TL4.04 Billion | TL33.55 Billion | ▲ +3.5% |
| 2014 | 0.12x | TL2.64 Billion | TL22.72 Billion | ▼ -24.5% |
| 2013 | 0.15x | TL2.84 Billion | TL18.44 Billion | ▲ +1.0% |
| 2012 | 0.15x | TL2.04 Billion | TL13.38 Billion | ▲ +17.0% |
| 2011 | 0.13x | TL1.55 Billion | TL11.91 Billion | ▲ +4.5% |
| 2010 | 0.12x | TL861.17 Million | TL6.90 Billion | ▼ -45.6% |
| 2009 | 0.23x | TL1.18 Billion | TL5.13 Billion | ▼ -24.3% |
| 2008 | 0.30x | TL1.48 Billion | TL4.89 Billion | ▲ +107.9% |
| 2006 | 0.15x | TL435.57 Million | TL2.99 Billion | ▼ -24.2% |
| 2005 | 0.19x | TL435.94 Million | TL2.27 Billion | ▲ +10.3% |
| 2004 | 0.17x | TL320.45 Million | TL1.84 Billion | ▼ -30.0% |
| 2003 | 0.25x | TL514.56 Trillion | TL2065.74 Trillion | — |