Turkish Airlines Cash Flow-to-Debt Ratio
Turkish Airlines 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. Check THYAO cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Turkish Airlines (2003–2025)
Cash flow-to-debt ratio of Turkish Airlines from 2003 to 2025. Historical debt coverage capacity for Turkish Airlines across 22 annual periods. Check Turkish Airlines earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Turkish Airlines Cash Flow-to-Debt Ratio by Year (2003–2025)
Turkish Airlines cash flow-to-debt ratio by year from 2003 to 2025. Year-by-year debt coverage analysis for Turkish Airlines. For the full cash flow conversion analysis, see how efficiently does Turkish Airlines generate cash.
| 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 | — |