Shell plc (SHEL) — Cash Flow-to-Debt Ratio
Shell plc (SHEL) has a Cash Flow-to-Debt Ratio of 0.11x as of June 2026, meaning its operating cash flow of GBX21.43 Billion could theoretically repay 0% of its total liabilities (GBX198.73 Billion) in one year. See Shell plc (SHEL) financial flexibility 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
Shell plc Cash Flow-to-Debt Ratio (1998–2025)
Historical debt coverage capacity for Shell plc across 28 annual periods. For the full cash flow conversion analysis, see Shell plc (SHEL) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Shell plc (1998–2025)
Year-by-year debt coverage analysis for Shell plc. Check how high is Shell 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 | 0.21x | GBX41.57 Billion | GBX195.10 Billion | ▼ -19.2% |
| 2024 | 0.26x | GBX54.69 Billion | GBX207.44 Billion | ▲ +6.0% |
| 2023 | 0.25x | GBX54.19 Billion | GBX217.91 Billion | ▼ -9.0% |
| 2022 | 0.27x | GBX68.41 Billion | GBX250.43 Billion | ▲ +38.7% |
| 2021 | 0.20x | GBX45.10 Billion | GBX229.05 Billion | ▲ +27.4% |
| 2020 | 0.15x | GBX34.10 Billion | GBX220.73 Billion | ▼ -21.7% |
| 2019 | 0.20x | GBX42.18 Billion | GBX213.87 Billion | ▼ -26.9% |
| 2018 | 0.27x | GBX53.09 Billion | GBX196.66 Billion | ▲ +58.5% |
| 2017 | 0.17x | GBX35.65 Billion | GBX209.28 Billion | ▲ +84.1% |
| 2016 | 0.09x | GBX20.61 Billion | GBX222.76 Billion | ▼ -45.4% |
| 2015 | 0.17x | GBX29.81 Billion | GBX176.04 Billion | ▼ -32.2% |
| 2014 | 0.25x | GBX45.04 Billion | GBX180.33 Billion | ▲ +8.9% |
| 2013 | 0.23x | GBX40.44 Billion | GBX176.36 Billion | ▼ -13.5% |
| 2012 | 0.27x | GBX46.14 Billion | GBX174.11 Billion | ▲ +25.6% |
| 2011 | 0.21x | GBX36.77 Billion | GBX174.25 Billion | ▲ +33.3% |
| 2010 | 0.16x | GBX27.35 Billion | GBX172.78 Billion | ▲ +13.5% |
| 2009 | 0.14x | GBX21.49 Billion | GBX154.05 Billion | ▼ -35.4% |
| 2008 | 0.22x | GBX33.15 Billion | GBX153.53 Billion | ▼ -7.2% |
| 2007 | 0.23x | GBX33.38 Billion | GBX143.50 Billion | ▼ -8.5% |
| 2006 | 0.25x | GBX30.58 Billion | GBX120.33 Billion | ▲ +7.5% |
| 2005 | 0.24x | GBX28.74 Billion | GBX121.59 Billion | ▲ +5.6% |
| 2004 | 0.22x | GBX21.50 Billion | GBX96.06 Billion | ▼ -8.9% |
| 2003 | 0.25x | GBX21.72 Billion | GBX88.39 Billion | ▲ +29.6% |
| 2002 | 0.19x | GBX16.28 Billion | GBX85.85 Billion | ▼ -45.8% |
| 2001 | 0.35x | GBX16.93 Billion | GBX48.43 Billion | ▲ +19.1% |
| 2000 | 0.29x | GBX18.36 Billion | GBX62.53 Billion | ▲ +45.7% |
| 1999 | 0.20x | GBX11.06 Billion | GBX54.87 Billion | ▼ -28.3% |
| 1998 | 0.28x | GBX14.73 Billion | GBX52.41 Billion | — |