Bharat Heavy Electricals Limited (BHEL) — Cash Flow-to-Debt Ratio
Bharat Heavy Electricals Limited (BHEL) has a Cash Flow-to-Debt Ratio of -0.02x as of September 2025, meaning its operating cash flow of Rs-11.82 Billion could theoretically repay 0% of its total liabilities (Rs475.72 Billion) in one year. See BHEL financial flexibility index 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
Bharat Heavy Electricals Limited Cash Flow-to-Debt Ratio (2004–2026)
Historical debt coverage capacity for Bharat Heavy Electricals Limited across 23 annual periods. For the full cash flow conversion analysis, see Bharat Heavy Electricals Limited cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Bharat Heavy Electricals Limited (2004–2026)
Year-by-year debt coverage analysis for Bharat Heavy Electricals Limited. Check Bharat Heavy Electricals Limited (BHEL) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (INR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2026 | 0.12x | Rs58.16 Billion | Rs500.39 Billion | ▲ +129.9% |
| 2025 | 0.05x | Rs21.92 Billion | Rs433.61 Billion | ▲ +147.1% |
| 2024 | -0.11x | Rs-37.13 Billion | Rs345.63 Billion | ▼ -371.4% |
| 2023 | -0.02x | Rs-7.42 Billion | Rs325.42 Billion | ▼ -202.6% |
| 2022 | 0.02x | Rs6.60 Billion | Rs297.37 Billion | ▲ +15.7% |
| 2021 | 0.02x | Rs5.62 Billion | Rs292.68 Billion | ▲ +121.3% |
| 2020 | -0.09x | Rs-28.92 Billion | Rs321.33 Billion | ▲ +23.5% |
| 2019 | -0.12x | Rs-38.86 Billion | Rs330.54 Billion | ▼ -471.0% |
| 2018 | 0.03x | Rs9.89 Billion | Rs312.14 Billion | ▲ +71.2% |
| 2017 | 0.02x | Rs5.36 Billion | Rs289.60 Billion | ▲ +116.5% |
| 2016 | 0.01x | Rs3.12 Billion | Rs364.71 Billion | ▼ -61.8% |
| 2015 | 0.02x | Rs8.21 Billion | Rs366.80 Billion | ▼ -79.1% |
| 2014 | 0.11x | Rs45.12 Billion | Rs420.82 Billion | ▲ +152.4% |
| 2013 | 0.04x | Rs17.51 Billion | Rs412.15 Billion | ▲ +354.8% |
| 2012 | -0.02x | Rs-7.01 Billion | Rs420.22 Billion | ▼ -124.5% |
| 2011 | 0.07x | Rs26.99 Billion | Rs395.81 Billion | ▲ +37.2% |
| 2010 | 0.05x | Rs16.30 Billion | Rs328.04 Billion | ▼ -58.8% |
| 2009 | 0.12x | Rs34.63 Billion | Rs287.31 Billion | ▼ -31.0% |
| 2008 | 0.17x | Rs34.78 Billion | Rs199.16 Billion | ▼ -10.2% |
| 2007 | 0.19x | Rs28.21 Billion | Rs145.09 Billion | ▲ +30.3% |
| 2006 | 0.15x | Rs16.24 Billion | Rs108.78 Billion | ▲ +63.9% |
| 2005 | 0.09x | Rs8.18 Billion | Rs89.83 Billion | ▼ -63.1% |
| 2004 | 0.25x | Rs16.96 Billion | Rs68.77 Billion | — |