BAE Systems plc (BA) — Cash Flow-to-Debt Ratio
BAE Systems plc (BA) has a Cash Flow-to-Debt Ratio of 0.12x as of December 2025, meaning its operating cash flow of GBX3.16 Billion could theoretically repay 0% of its total liabilities (GBX25.74 Billion) in one year. See BA free cash flow debt coverage 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
BAE Systems plc Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for BAE Systems plc across 35 annual periods. For the full cash flow conversion analysis, see BAE Systems plc (BA) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for BAE Systems plc (1991–2025)
Year-by-year debt coverage analysis for BAE Systems plc. Check how high is BAE Systems plc's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (GBX) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.13x | GBX3.30 Billion | GBX25.74 Billion | ▼ -13.9% |
| 2024 | 0.15x | GBX3.92 Billion | GBX26.36 Billion | ▼ -15.5% |
| 2023 | 0.18x | GBX3.76 Billion | GBX21.34 Billion | ▲ +18.3% |
| 2022 | 0.15x | GBX2.84 Billion | GBX19.06 Billion | ▲ +13.6% |
| 2021 | 0.13x | GBX2.45 Billion | GBX18.66 Billion | ▲ +151.3% |
| 2020 | 0.05x | GBX1.17 Billion | GBX22.34 Billion | ▼ -34.6% |
| 2019 | 0.08x | GBX1.60 Billion | GBX20.00 Billion | ▲ +27.3% |
| 2018 | 0.06x | GBX1.20 Billion | GBX19.13 Billion | ▼ -39.5% |
| 2017 | 0.10x | GBX1.90 Billion | GBX18.28 Billion | ▲ +64.7% |
| 2016 | 0.06x | GBX1.23 Billion | GBX19.51 Billion | ▲ +33.2% |
| 2015 | 0.05x | GBX808.00 Million | GBX17.08 Billion | ▲ +26.6% |
| 2014 | 0.04x | GBX669.00 Million | GBX17.91 Billion | ▲ +652.2% |
| 2013 | -0.01x | GBX-110.00 Million | GBX16.26 Billion | ▼ -105.8% |
| 2012 | 0.12x | GBX2.17 Billion | GBX18.50 Billion | ▲ +358.2% |
| 2011 | 0.03x | GBX482.00 Million | GBX18.80 Billion | ▼ -50.4% |
| 2010 | 0.05x | GBX962.00 Million | GBX18.63 Billion | ▼ -34.1% |
| 2009 | 0.08x | GBX1.63 Billion | GBX20.83 Billion | ▼ -8.9% |
| 2008 | 0.09x | GBX1.58 Billion | GBX18.39 Billion | ▼ -35.3% |
| 2007 | 0.13x | GBX1.90 Billion | GBX14.26 Billion | ▲ +264.3% |
| 2006 | 0.04x | GBX512.00 Million | GBX14.01 Billion | ▼ -67.0% |
| 2005 | 0.11x | GBX1.93 Billion | GBX17.43 Billion | ▼ -30.4% |
| 2004 | 0.16x | GBX2.16 Billion | GBX13.60 Billion | ▲ +193.5% |
| 2003 | 0.05x | GBX529.00 Million | GBX9.76 Billion | ▲ +264.3% |
| 2002 | -0.03x | GBX-327.00 Million | GBX9.91 Billion | ▼ -258.2% |
| 2001 | 0.02x | GBX220.00 Million | GBX10.55 Billion | ▼ -86.2% |
| 2000 | 0.15x | GBX1.55 Billion | GBX10.30 Billion | ▲ +631.7% |
| 1999 | 0.02x | GBX206.00 Million | GBX9.99 Billion | ▲ +124.0% |
| 1998 | -0.09x | GBX-603.00 Million | GBX7.02 Billion | ▼ -329.7% |
| 1997 | 0.04x | GBX238.00 Million | GBX6.37 Billion | ▼ -55.6% |
| 1996 | 0.08x | GBX507.00 Million | GBX6.02 Billion | ▲ +1052.8% |
| 1995 | 0.01x | GBX49.00 Million | GBX6.71 Billion | ▲ +115.0% |
| 1994 | -0.05x | GBX-340.00 Million | GBX6.98 Billion | ▼ -427.6% |
| 1993 | 0.01x | GBX138.00 Million | GBX9.29 Billion | ▲ +758.7% |
| 1992 | 0.00x | GBX-20.00 Million | GBX8.86 Billion | ▲ +93.6% |
| 1991 | -0.04x | GBX-255.00 Million | GBX7.20 Billion | — |