American Airlines Group (AAL) — Cash Flow-to-Debt Ratio
American Airlines Group (AAL) has a Cash Flow-to-Debt Ratio of 0.01x as of June 2026, meaning its operating cash flow of $471.00 Million could theoretically repay 0% of its total liabilities ($68.20 Billion) in one year. See AAL financial flexibility score 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
American Airlines Group Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for American Airlines Group across 37 annual periods. For the full cash flow conversion analysis, see American Airlines Group (AAL) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for American Airlines Group (1989–2025)
Year-by-year debt coverage analysis for American Airlines Group. Check how high is American Airlines Group's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.05x | $3.10 Billion | $65.50 Billion | ▼ -21.9% |
| 2024 | 0.06x | $3.98 Billion | $65.76 Billion | ▲ +8.7% |
| 2023 | 0.06x | $3.80 Billion | $68.26 Billion | ▲ +80.8% |
| 2022 | 0.03x | $2.17 Billion | $70.52 Billion | ▲ +223.1% |
| 2021 | 0.01x | $704.00 Million | $73.81 Billion | ▲ +110.0% |
| 2020 | -0.09x | $-6.54 Billion | $68.88 Billion | ▼ -249.7% |
| 2019 | 0.06x | $3.81 Billion | $60.11 Billion | ▲ +9.1% |
| 2018 | 0.06x | $3.53 Billion | $60.75 Billion | ▼ -34.3% |
| 2017 | 0.09x | $4.74 Billion | $53.56 Billion | ▼ -35.5% |
| 2016 | 0.14x | $6.52 Billion | $47.49 Billion | ▼ -6.0% |
| 2015 | 0.15x | $6.25 Billion | $42.78 Billion | ▲ +95.4% |
| 2014 | 0.07x | $3.08 Billion | $41.20 Billion | ▲ +398.4% |
| 2013 | 0.01x | $675.00 Million | $45.01 Billion | ▼ -63.2% |
| 2012 | 0.04x | $1.28 Billion | $31.50 Billion | ▲ +85.7% |
| 2011 | 0.02x | $680.00 Million | $30.96 Billion | ▼ -48.6% |
| 2010 | 0.04x | $1.24 Billion | $29.03 Billion | ▲ +33.0% |
| 2009 | 0.03x | $930.00 Million | $28.93 Billion | ▲ +164.8% |
| 2008 | -0.05x | $-1.39 Billion | $28.11 Billion | ▼ -166.4% |
| 2007 | 0.07x | $1.94 Billion | $25.91 Billion | ▲ +14.6% |
| 2006 | 0.07x | $1.94 Billion | $29.75 Billion | ▲ +97.1% |
| 2005 | 0.03x | $1.02 Billion | $30.97 Billion | ▲ +35.4% |
| 2004 | 0.02x | $717.00 Million | $29.35 Billion | ▲ +19.0% |
| 2003 | 0.02x | $601.00 Million | $29.28 Billion | ▲ +154.1% |
| 2002 | -0.04x | $-1.11 Billion | $29.31 Billion | ▼ -303.8% |
| 2001 | 0.02x | $511.00 Million | $27.47 Billion | ▼ -88.7% |
| 2000 | 0.17x | $3.14 Billion | $19.04 Billion | ▲ +27.7% |
| 1999 | 0.13x | $2.26 Billion | $17.52 Billion | ▼ -36.9% |
| 1998 | 0.20x | $3.19 Billion | $15.61 Billion | ▲ +3.1% |
| 1997 | 0.20x | $2.92 Billion | $14.70 Billion | ▲ +8.5% |
| 1996 | 0.18x | $2.72 Billion | $14.83 Billion | ▲ +32.7% |
| 1995 | 0.14x | $2.19 Billion | $15.84 Billion | ▲ +38.1% |
| 1994 | 0.10x | $1.61 Billion | $16.11 Billion | ▲ +9.2% |
| 1993 | 0.09x | $1.38 Billion | $15.05 Billion | ▲ +66.7% |
| 1992 | 0.05x | $843.00 Million | $15.36 Billion | ▼ -8.4% |
| 1991 | 0.06x | $744.00 Million | $12.41 Billion | ▼ -15.9% |
| 1990 | 0.07x | $685.80 Million | $9.63 Billion | ▼ -61.8% |
| 1989 | 0.19x | $1.33 Billion | $7.11 Billion | — |