NetEase Inc (NTES) — Cash Flow-to-Debt Ratio
NetEase Inc (NTES) has a Cash Flow-to-Debt Ratio of 0.16x as of June 2026, meaning its operating cash flow of $9.99 Billion could theoretically repay 0% of its total liabilities ($60.67 Billion) in one year. See financial agility of NetEase 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
NetEase Inc Cash Flow-to-Debt Ratio (1999–2025)
Historical debt coverage capacity for NetEase Inc across 27 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of NetEase Inc.
Annual Cash Flow-to-Debt Ratio for NetEase Inc (1999–2025)
Year-by-year debt coverage analysis for NetEase Inc. Check cash flow quality index of NetEase Inc to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.88x | $49.36 Billion | $56.35 Billion | ▲ +18.1% |
| 2024 | 0.74x | $39.68 Billion | $53.50 Billion | ▲ +21.4% |
| 2023 | 0.61x | $35.33 Billion | $57.84 Billion | ▲ +40.8% |
| 2022 | 0.43x | $27.71 Billion | $63.89 Billion | ▼ -5.4% |
| 2021 | 0.46x | $24.93 Billion | $54.37 Billion | ▲ +8.5% |
| 2020 | 0.42x | $24.89 Billion | $58.88 Billion | ▲ +21.6% |
| 2019 | 0.35x | $17.22 Billion | $49.53 Billion | ▲ +6.1% |
| 2018 | 0.33x | $13.42 Billion | $40.94 Billion | ▼ -32.2% |
| 2017 | 0.48x | $11.89 Billion | $24.60 Billion | ▼ -38.9% |
| 2016 | 0.79x | $15.49 Billion | $19.57 Billion | ▲ +16.0% |
| 2015 | 0.68x | $8.08 Billion | $11.83 Billion | ▼ -20.0% |
| 2014 | 0.85x | $5.86 Billion | $6.86 Billion | ▼ -28.6% |
| 2013 | 1.20x | $5.24 Billion | $4.38 Billion | ▲ +4.1% |
| 2012 | 1.15x | $4.22 Billion | $3.68 Billion | ▼ -33.8% |
| 2011 | 1.74x | $4.07 Billion | $2.35 Billion | ▲ +14.2% |
| 2010 | 1.52x | $2.09 Billion | $1.38 Billion | ▲ +0.0% |
| 2009 | 1.52x | $2.09 Billion | $1.38 Billion | ▼ -37.6% |
| 2008 | 2.43x | $2.02 Billion | $829.04 Million | ▲ +127.0% |
| 2007 | 1.07x | $1.38 Billion | $1.29 Billion | ▼ -1.4% |
| 2006 | 1.09x | $1.60 Billion | $1.47 Billion | ▲ +21.4% |
| 2005 | 0.90x | $1.10 Billion | $1.23 Billion | ▲ +59.9% |
| 2004 | 0.56x | $614.15 Million | $1.10 Billion | ▲ +35.2% |
| 2003 | 0.41x | $375.00 Million | $905.83 Million | ▼ -86.2% |
| 2002 | 3.00x | $115.87 Million | $38.65 Million | ▲ +293.4% |
| 2001 | -1.55x | $-185.72 Million | $119.78 Million | ▼ -52.0% |
| 2000 | -1.02x | $-156.48 Million | $153.37 Million | ▲ +50.2% |
| 1999 | -2.05x | $-15.68 Million | $7.66 Million | — |