Freedom Holding Corp (FRHC) — Cash Flow-to-Debt Ratio
Freedom Holding Corp (FRHC) has a Cash Flow-to-Debt Ratio of -0.13x as of March 2026, meaning its operating cash flow of $-1.48 Billion could theoretically repay 0% of its total liabilities ($11.67 Billion) in one year. See Freedom Holding Corp leverage flexibility 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
Freedom Holding Corp Cash Flow-to-Debt Ratio (1997–2026)
Historical debt coverage capacity for Freedom Holding Corp across 30 annual periods. For the full cash flow conversion analysis, see Freedom Holding Corp operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Freedom Holding Corp (1997–2026)
Year-by-year debt coverage analysis for Freedom Holding Corp. Check Freedom Holding Corp (FRHC) 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 |
|---|---|---|---|---|
| 2026 | 0.01x | $160.61 Million | $11.67 Billion | ▼ -92.9% |
| 2025 | 0.19x | $1.68 Billion | $8.70 Billion | ▲ +229.5% |
| 2024 | -0.15x | $-1.06 Billion | $7.13 Billion | ▲ +32.4% |
| 2023 | -0.22x | $-951.68 Million | $4.31 Billion | ▼ -45.7% |
| 2022 | -0.15x | $-406.37 Million | $2.68 Billion | ▼ -152.2% |
| 2021 | 0.29x | $529.40 Million | $1.82 Billion | ▲ +13.9% |
| 2020 | 0.25x | $82.62 Million | $324.49 Million | ▲ +1.6% |
| 2019 | 0.25x | $58.48 Million | $233.31 Million | ▲ +380.8% |
| 2018 | -0.09x | $-19.19 Million | $214.99 Million | ▼ -116.2% |
| 2017 | 0.55x | $4.80 Million | $8.74 Million | ▲ +975.6% |
| 2016 | -0.06x | $-538.63K | $8.58 Million | ▼ -1452.2% |
| 2015 | 0.00x | $40.20K | $8.66 Million | ▲ +102.2% |
| 2014 | -0.21x | $-1.80 Million | $8.61 Million | ▲ +67.3% |
| 2013 | -0.64x | $-5.77 Million | $9.01 Million | ▼ -184.0% |
| 2012 | 0.76x | $15.28 Million | $20.05 Million | ▲ +117.1% |
| 2011 | 0.35x | $35.78 Million | $101.92 Million | ▲ +104.2% |
| 2010 | 0.17x | $14.09 Million | $82.00 Million | ▼ -69.0% |
| 2009 | 0.55x | $53.38 Million | $96.22 Million | ▲ +5.5% |
| 2008 | 0.53x | $49.98 Million | $95.03 Million | ▲ +638.9% |
| 2007 | -0.10x | $-1.88 Million | $19.23 Million | ▲ +96.6% |
| 2006 | -2.84x | $-33.93 Million | $11.95 Million | ▼ -1360.5% |
| 2005 | -0.19x | $-1.42 Million | $7.28 Million | ▲ +61.5% |
| 2004 | -0.51x | $-3.49 Million | $6.90 Million | ▲ +53.8% |
| 2003 | -1.09x | $-36.12K | $33.06K | ▲ +69.3% |
| 2002 | -3.56x | $-164.64K | $46.27K | ▼ -987.2% |
| 2001 | -0.33x | $-124.27K | $379.72K | ▼ -1003.4% |
| 2000 | 0.04x | $162.37K | $4.48 Million | ▲ +131.3% |
| 1999 | -0.12x | $-2.49 Million | $21.53 Million | ▼ -304.4% |
| 1998 | 0.06x | $2.38 Million | $42.05 Million | ▲ +333.1% |
| 1997 | -0.02x | $-854.49K | $35.18 Million | — |