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 IAG cash flow after capex ratio 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
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. Also explore IAG shareholders equity momentum to track the company's year-over-year net asset growth rate.
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. For market capitalisation and broader financial context, see IAG company net worth.
| 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 | — |