Harmony Gold Mining Co. Ltd. (HAR) — Cash Flow-to-Debt Ratio
Harmony Gold Mining Co. Ltd. (HAR) has a Cash Flow-to-Debt Ratio of 0.22x as of December 2025, meaning its operating cash flow of ZAC13.85 Billion could theoretically repay 0% of its total liabilities (ZAC62.42 Billion) in one year. See HAR FCF generation index 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
Harmony Gold Mining Co. Ltd. Cash Flow-to-Debt Ratio (1998–2025)
Historical debt coverage capacity for Harmony Gold Mining Co. Ltd. across 28 annual periods. Also explore Harmony Gold Mining Co. Ltd. (HAR) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Harmony Gold Mining Co. Ltd. (1998–2025)
Year-by-year debt coverage analysis for Harmony Gold Mining Co. Ltd.. For market capitalisation and broader financial context, see HAR market cap.
| Year | CF-to-Debt Ratio | Operating CF (ZAC) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.78x | ZAC22.65 Billion | ZAC28.99 Billion | ▼ -2.6% |
| 2024 | 0.80x | ZAC15.65 Billion | ZAC19.51 Billion | ▲ +80.3% |
| 2023 | 0.44x | ZAC9.95 Billion | ZAC22.36 Billion | ▲ +7.2% |
| 2022 | 0.41x | ZAC6.92 Billion | ZAC16.69 Billion | ▼ -19.5% |
| 2021 | 0.52x | ZAC9.18 Billion | ZAC17.82 Billion | ▲ +3936.2% |
| 2020 | 0.01x | ZAC272.08 Million | ZAC21.32 Billion | ▼ -96.1% |
| 2019 | 0.33x | ZAC4.68 Billion | ZAC14.19 Billion | ▲ +11.9% |
| 2018 | 0.30x | ZAC4.18 Billion | ZAC14.17 Billion | ▼ -22.9% |
| 2017 | 0.38x | ZAC3.64 Billion | ZAC9.53 Billion | ▼ -26.1% |
| 2016 | 0.52x | ZAC4.60 Billion | ZAC8.89 Billion | ▼ -80.1% |
| 2015 | 2.60x | ZAC24.61 Billion | ZAC9.47 Billion | ▲ +999.9% |
| 2014 | 0.24x | ZAC2.32 Billion | ZAC9.84 Billion | ▼ -28.6% |
| 2013 | 0.33x | ZAC3.26 Billion | ZAC9.85 Billion | ▼ -32.6% |
| 2012 | 0.49x | ZAC4.45 Billion | ZAC9.08 Billion | ▲ +106.3% |
| 2011 | 0.24x | ZAC2.32 Billion | ZAC9.76 Billion | ▲ +22.1% |
| 2010 | 0.19x | ZAC1.58 Billion | ZAC8.13 Billion | ▼ -85.1% |
| 2009 | 1.31x | ZAC2.29 Billion | ZAC1.75 Billion | ▲ +753.3% |
| 2008 | 0.15x | ZAC1.84 Billion | ZAC12.01 Billion | ▲ +91.1% |
| 2007 | 0.08x | ZAC1.16 Billion | ZAC14.46 Billion | ▲ +138.1% |
| 2006 | 0.03x | ZAC370.27 Million | ZAC10.98 Billion | ▲ +124.9% |
| 2005 | -0.14x | ZAC-1.40 Billion | ZAC10.38 Billion | ▼ -225.4% |
| 2004 | -0.04x | ZAC-380.48 Million | ZAC9.16 Billion | ▼ -120.4% |
| 2003 | 0.20x | ZAC1.32 Billion | ZAC6.46 Billion | ▼ -44.8% |
| 2002 | 0.37x | ZAC2.28 Billion | ZAC6.16 Billion | ▲ +243.5% |
| 2001 | 0.11x | ZAC394.85 Million | ZAC3.67 Billion | ▼ -13.8% |
| 2000 | 0.12x | ZAC287.34 Million | ZAC2.30 Billion | ▼ -77.2% |
| 1999 | 0.55x | ZAC505.58 Million | ZAC921.27 Million | ▲ +8881.8% |
| 1998 | 0.01x | ZAC3.53 Million | ZAC578.45 Million | — |