FuelCell Energy Inc (FCEL) — Cash Flow-to-Debt Ratio
FuelCell Energy Inc (FCEL) has a Cash Flow-to-Debt Ratio of -0.16x as of January 2026, meaning its operating cash flow of $-33.94 Million could theoretically repay 0% of its total liabilities ($214.48 Million) in one year. See FuelCell Energy Inc free cash flow generation 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
FuelCell Energy Inc Cash Flow-to-Debt Ratio (1992–2025)
Historical debt coverage capacity for FuelCell Energy Inc across 34 annual periods. Also explore how fast is FuelCell Energy Inc growing its equity to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for FuelCell Energy Inc (1992–2025)
Year-by-year debt coverage analysis for FuelCell Energy Inc. For market capitalisation and broader financial context, see market value of FuelCell Energy Inc.
| 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 | — |