International Consolidated Airlines Group S.A (IAG) — Cash Flow-to-Debt Ratio
International Consolidated Airlines Group S.A (IAG) has a Cash Flow-to-Debt Ratio of 0.08x as of December 2025, meaning its operating cash flow of €2.92 Billion could theoretically repay 0% of its total liabilities (€35.31 Billion) in one year. See International Consolidated Airlines Grou (IAG) 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
International Consolidated Airlines Group S.A Cash Flow-to-Debt Ratio (2003–2025)
Historical debt coverage capacity for International Consolidated Airlines Group S.A across 22 annual periods. For the full cash flow conversion analysis, see International Consolidated Airlines Grou cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for International Consolidated Airlines Group S.A (2003–2025)
Year-by-year debt coverage analysis for International Consolidated Airlines Group S.A. Check International Consolidated Airlines Grou (IAG) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.18x | €6.47 Billion | €35.31 Billion | ▲ +8.2% |
| 2024 | 0.17x | €6.37 Billion | €37.63 Billion | ▲ +19.8% |
| 2023 | 0.14x | €4.86 Billion | €34.40 Billion | ▲ +9.0% |
| 2022 | 0.13x | €4.83 Billion | €37.28 Billion | ▲ +3186.8% |
| 2021 | 0.00x | €-141.00 Million | €33.56 Billion | ▲ +96.3% |
| 2020 | -0.11x | €-3.30 Billion | €28.95 Billion | ▼ -182.0% |
| 2019 | 0.14x | €4.00 Billion | €28.83 Billion | ▼ -8.6% |
| 2018 | 0.15x | €3.24 Billion | €21.31 Billion | ▼ -14.1% |
| 2017 | 0.18x | €3.51 Billion | €19.86 Billion | ▲ +45.1% |
| 2016 | 0.12x | €2.65 Billion | €21.71 Billion | ▲ +40.5% |
| 2015 | 0.09x | €1.97 Billion | €22.70 Billion | ▼ -7.5% |
| 2014 | 0.09x | €1.86 Billion | €19.86 Billion | ▲ +27.5% |
| 2013 | 0.07x | €1.22 Billion | €16.56 Billion | ▲ +220.7% |
| 2012 | 0.02x | €339.00 Million | €14.78 Billion | ▼ -58.1% |
| 2011 | 0.05x | €770.00 Million | €14.07 Billion | ▼ -41.1% |
| 2010 | 0.09x | €936.00 Million | €10.07 Billion | ▲ +215.1% |
| 2008 | 0.03x | €275.29 Million | €9.33 Billion | ▼ -44.0% |
| 2007 | 0.05x | €530.57 Million | €10.07 Billion | ▼ -45.7% |
| 2006 | 0.10x | €1.28 Billion | €13.22 Billion | ▼ -31.9% |
| 2005 | 0.14x | €2.06 Billion | €14.48 Billion | ▲ +32.3% |
| 2004 | 0.11x | €1.61 Billion | €14.94 Billion | ▲ +13.7% |
| 2003 | 0.09x | €1.37 Billion | €14.51 Billion | — |