Applied Opt (AAOI) — Cash Flow-to-Debt Ratio
Applied Opt (AAOI) has a Cash Flow-to-Debt Ratio of -0.07x as of September 2025, meaning its operating cash flow of $-28.46 Million could theoretically repay 0% of its total liabilities ($419.44 Million) in one year. See Applied Opt financial flexibility index 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
Applied Opt Cash Flow-to-Debt Ratio (2011–2024)
Historical debt coverage capacity for Applied Opt across 14 annual periods. For the full cash flow conversion analysis, see how efficiently does Applied Opt generate cash.
Annual Cash Flow-to-Debt Ratio for Applied Opt (2011–2024)
Year-by-year debt coverage analysis for Applied Opt. Check earnings quality score of Applied Opt to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | -0.22x | $-69.53 Million | $317.92 Million | ▼ -380.8% |
| 2023 | -0.05x | $-7.93 Million | $174.32 Million | ▲ +27.5% |
| 2022 | -0.06x | $-14.02 Million | $223.59 Million | ▼ -7.7% |
| 2021 | -0.06x | $-11.64 Million | $199.89 Million | ▲ +73.1% |
| 2020 | -0.22x | $-44.01 Million | $202.91 Million | ▼ -2286.9% |
| 2019 | -0.01x | $-1.75 Million | $193.03 Million | ▼ -108.9% |
| 2018 | 0.10x | $14.03 Million | $137.75 Million | ▼ -85.5% |
| 2017 | 0.70x | $84.28 Million | $119.71 Million | ▲ +17.1% |
| 2016 | 0.60x | $57.10 Million | $94.93 Million | ▲ +527.4% |
| 2015 | -0.14x | $-15.21 Million | $108.08 Million | ▼ -233.4% |
| 2014 | 0.11x | $7.24 Million | $68.66 Million | ▲ +177.2% |
| 2013 | -0.14x | $-6.55 Million | $47.98 Million | ▼ -1225.1% |
| 2012 | -0.01x | $-358.00K | $34.74 Million | ▲ +91.7% |
| 2011 | -0.12x | $-4.12 Million | $33.05 Million | — |