FuelCell Energy Inc (FCEL) — Cash Flow-to-Debt Ratio
FuelCell Energy Inc (FCEL) has a Cash Flow-to-Debt Ratio of -0.10x as of April 2026, meaning its operating cash flow of $-27.30 Million could theoretically repay 0% of its total liabilities ($274.87 Million) in one year. See FuelCell Energy Inc free cash flow to debt ratio 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
FuelCell Energy Inc Cash Flow-to-Debt Ratio (1992–2025)
Historical debt coverage capacity for FuelCell Energy Inc across 34 annual periods. For the full cash flow conversion analysis, see FuelCell Energy Inc (FCEL) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for FuelCell Energy Inc (1992–2025)
Year-by-year debt coverage analysis for FuelCell Energy Inc. Check FuelCell Energy Inc (FCEL) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.62x | $-125.29 Million | $201.00 Million | ▲ +11.7% |
| 2024 | -0.71x | $-152.91 Million | $216.66 Million | ▲ +1.8% |
| 2023 | -0.72x | $-140.25 Million | $195.22 Million | ▼ -18.7% |
| 2022 | -0.61x | $-112.17 Million | $185.33 Million | ▼ -46.0% |
| 2021 | -0.41x | $-70.44 Million | $169.92 Million | ▼ -203.3% |
| 2020 | -0.14x | $-36.78 Million | $269.13 Million | ▲ +11.6% |
| 2019 | -0.15x | $-30.57 Million | $197.85 Million | ▼ -254.8% |
| 2018 | 0.10x | $16.32 Million | $163.50 Million | ▲ +127.1% |
| 2017 | -0.37x | $-71.84 Million | $194.97 Million | ▼ -32.8% |
| 2016 | -0.28x | $-46.59 Million | $167.88 Million | ▲ +23.1% |
| 2015 | -0.36x | $-44.27 Million | $122.62 Million | ▲ +23.1% |
| 2014 | -0.47x | $-57.47 Million | $122.33 Million | ▼ -438.6% |
| 2013 | -0.09x | $-16.66 Million | $190.97 Million | ▲ +82.5% |
| 2012 | -0.50x | $-58.66 Million | $117.50 Million | ▼ -1065.0% |
| 2011 | -0.04x | $-8.48 Million | $198.00 Million | ▲ +82.5% |
| 2010 | -0.24x | $-34.99 Million | $142.84 Million | ▲ +56.3% |
| 2009 | -0.56x | $-65.20 Million | $116.37 Million | ▼ -14.2% |
| 2008 | -0.49x | $-61.41 Million | $125.11 Million | ▲ +5.9% |
| 2007 | -0.52x | $-55.97 Million | $107.28 Million | ▼ -2.6% |
| 2006 | -0.51x | $-48.41 Million | $95.19 Million | ▼ -11.8% |
| 2005 | -0.45x | $-55.97 Million | $123.04 Million | ▲ +83.3% |
| 2004 | -2.72x | $-64.05 Million | $23.55 Million | ▲ +15.5% |
| 2003 | -3.22x | $-58.84 Million | $18.28 Million | ▼ -5.8% |
| 2002 | -3.04x | $-55.09 Million | $18.10 Million | ▼ -165.2% |
| 2001 | -1.15x | $-16.41 Million | $14.30 Million | ▼ -2821.2% |
| 2000 | 0.04x | $320.00K | $7.59 Million | ▲ +102.4% |
| 1999 | 0.02x | $100.00K | $4.80 Million | ▼ -93.6% |
| 1998 | 0.32x | $2.50 Million | $7.70 Million | ▼ -2.6% |
| 1997 | 0.33x | $2.20 Million | $6.60 Million | ▲ +123.8% |
| 1996 | 0.15x | $1.40 Million | $9.40 Million | ▼ -75.0% |
| 1995 | 0.59x | $6.90 Million | $11.60 Million | ▲ +613.8% |
| 1994 | 0.08x | $900.00K | $10.80 Million | ▼ -75.8% |
| 1993 | 0.34x | $3.20 Million | $9.30 Million | ▲ +1889.2% |
| 1992 | -0.02x | $-200.00K | $10.40 Million | — |