Merlin, Inc. (MRLN) — Cash Flow-to-Debt Ratio
Merlin, Inc. (MRLN) has a Cash Flow-to-Debt Ratio of -0.19x as of June 2026, meaning its operating cash flow of $-27.25 Million could theoretically repay 0% of its total liabilities ($144.41 Million) in one year. See financial agility of Merlin, Inc. 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
Merlin, Inc. Cash Flow-to-Debt Ratio (2023–2025)
Historical debt coverage capacity for Merlin, Inc. across 3 annual periods. Check cash flow quality index of Merlin, Inc. to evaluate the quality of earnings relative to operating cash generation.
Annual Cash Flow-to-Debt Ratio for Merlin, Inc. (2023–2025)
Year-by-year debt coverage analysis for Merlin, Inc.. For the full cash flow conversion analysis, see cash flow conversion of Merlin, Inc..
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.11x | $-1.33 Million | $12.08 Million | ▲ +56.3% |
| 2024 | -0.25x | $-45.54 Million | $180.72 Million | ▼ -11.7% |
| 2023 | -0.23x | $-31.70 Million | $140.49 Million | — |