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 how much free cash does BAE Systems plc generate 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
BAE Systems plc Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for BAE Systems plc across 35 annual periods. Also explore BAE Systems plc annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for BAE Systems plc (1991–2025)
Year-by-year debt coverage analysis for BAE Systems plc. For market capitalisation and broader financial context, see market value of BAE Systems plc.
| 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 | — |