Changhae Ethanol Co. Ltd (004650) — Cash Flow-to-Debt Ratio
Changhae Ethanol Co. Ltd (004650) has a Cash Flow-to-Debt Ratio of 0.28x as of March 2026, meaning its operating cash flow of ₩14.74 Billion could theoretically repay 0% of its total liabilities (₩52.91 Billion) in one year. See Changhae Ethanol Co. Ltd financial flexibility index 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
Changhae Ethanol Co. Ltd Cash Flow-to-Debt Ratio (2014–2025)
Historical debt coverage capacity for Changhae Ethanol Co. Ltd across 12 annual periods. For the full cash flow conversion analysis, see how efficiently does Changhae Ethanol Co. Ltd generate cash.
Annual Cash Flow-to-Debt Ratio for Changhae Ethanol Co. Ltd (2014–2025)
Year-by-year debt coverage analysis for Changhae Ethanol Co. Ltd. Check Changhae Ethanol Co. Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (KRW) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.42x | ₩20.34 Billion | ₩48.94 Billion | ▲ +55.6% |
| 2024 | 0.27x | ₩15.22 Billion | ₩57.01 Billion | ▲ +106.4% |
| 2023 | 0.13x | ₩8.19 Billion | ₩63.33 Billion | ▲ +162.1% |
| 2022 | 0.05x | ₩3.12 Billion | ₩63.13 Billion | ▼ -78.6% |
| 2021 | 0.23x | ₩12.77 Billion | ₩55.34 Billion | ▲ +22.6% |
| 2020 | 0.19x | ₩12.21 Billion | ₩64.85 Billion | ▼ -48.0% |
| 2019 | 0.36x | ₩24.89 Billion | ₩68.69 Billion | ▲ +938.8% |
| 2018 | 0.03x | ₩9.05 Billion | ₩259.54 Billion | ▼ -63.2% |
| 2017 | 0.09x | ₩26.00 Billion | ₩273.98 Billion | ▲ +1734.9% |
| 2016 | 0.01x | ₩1.49 Billion | ₩289.09 Billion | ▼ -97.1% |
| 2015 | 0.18x | ₩40.12 Billion | ₩228.51 Billion | ▼ -6.4% |
| 2014 | 0.19x | ₩31.01 Billion | ₩165.28 Billion | — |