Nasdaq Inc (NDAQ) — Cash Flow-to-Debt Ratio
Nasdaq Inc (NDAQ) has a Cash Flow-to-Debt Ratio of 0.03x as of December 2025, meaning its operating cash flow of $625.00 Million could theoretically repay 0% of its total liabilities ($18.82 Billion) in one year. See financial agility of Nasdaq 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
Nasdaq Inc Cash Flow-to-Debt Ratio (2000–2025)
Historical debt coverage capacity for Nasdaq Inc across 26 annual periods. For the full cash flow conversion analysis, see Nasdaq Inc cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for Nasdaq Inc (2000–2025)
Year-by-year debt coverage analysis for Nasdaq Inc. Check Nasdaq Inc (NDAQ) 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 | 0.12x | $2.25 Billion | $18.82 Billion | ▲ +18.6% |
| 2024 | 0.10x | $1.94 Billion | $19.20 Billion | ▲ +27.9% |
| 2023 | 0.08x | $1.70 Billion | $21.47 Billion | ▼ -31.9% |
| 2022 | 0.12x | $1.71 Billion | $14.70 Billion | ▲ +46.9% |
| 2021 | 0.08x | $1.08 Billion | $13.71 Billion | ▼ -27.2% |
| 2020 | 0.11x | $1.25 Billion | $11.54 Billion | ▼ -6.7% |
| 2019 | 0.12x | $963.00 Million | $8.29 Billion | ▲ +15.9% |
| 2018 | 0.10x | $1.03 Billion | $10.25 Billion | ▲ +9.2% |
| 2017 | 0.09x | $909.00 Million | $9.90 Billion | ▲ +10.9% |
| 2016 | 0.08x | $722.00 Million | $8.72 Billion | ▼ -24.4% |
| 2015 | 0.11x | $685.00 Million | $6.25 Billion | ▲ +0.4% |
| 2014 | 0.11x | $687.00 Million | $6.29 Billion | ▲ +21.6% |
| 2013 | 0.09x | $574.00 Million | $6.39 Billion | ▼ -40.7% |
| 2012 | 0.15x | $594.00 Million | $3.92 Billion | ▲ +106.1% |
| 2011 | 0.07x | $669.00 Million | $9.11 Billion | ▲ +91.7% |
| 2010 | 0.04x | $440.00 Million | $11.48 Billion | ▼ -61.9% |
| 2009 | 0.10x | $582.00 Million | $5.78 Billion | ▲ +108.4% |
| 2008 | 0.05x | $407.73 Million | $8.44 Billion | ▼ -78.5% |
| 2007 | 0.22x | $173.24 Million | $771.11 Million | ▲ +152.4% |
| 2006 | 0.09x | $201.07 Million | $2.26 Billion | ▲ +32.0% |
| 2005 | 0.07x | $120.90 Million | $1.79 Billion | ▼ -62.1% |
| 2004 | 0.18x | $117.03 Million | $658.26 Million | ▲ +16.6% |
| 2003 | 0.15x | $105.27 Million | $690.56 Million | ▼ -11.6% |
| 2002 | 0.17x | $157.15 Million | $911.52 Million | ▲ +112.7% |
| 2001 | 0.08x | $65.03 Million | $802.49 Million | ▼ -84.0% |
| 2000 | 0.51x | $255.55 Million | $503.70 Million | — |