Ice Make Refrigeration Limited (ICEMAKE) — Cash Flow-to-Debt Ratio
Ice Make Refrigeration Limited (ICEMAKE) has a Cash Flow-to-Debt Ratio of -0.17x as of September 2025, meaning its operating cash flow of Rs-528.16 Million could theoretically repay 0% of its total liabilities (Rs3.06 Billion) in one year. See cash generation quality of Ice Make Refrigeration Limited to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Ice Make Refrigeration Limited Cash Flow-to-Debt Ratio (2013–2025)
Historical debt coverage capacity for Ice Make Refrigeration Limited across 13 annual periods. Also explore net asset growth rate of Ice Make Refrigeration Limited to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Ice Make Refrigeration Limited (2013–2025)
Year-by-year debt coverage analysis for Ice Make Refrigeration Limited. For market capitalisation and broader financial context, see ICEMAKE stock market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (INR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | Rs299.75 Million | Rs2.44 Billion | ▲ +27.0% |
| 2024 | 0.10x | Rs103.79 Million | Rs1.07 Billion | ▼ -69.1% |
| 2023 | 0.31x | Rs243.50 Million | Rs778.98 Million | ▲ +138.3% |
| 2022 | 0.13x | Rs83.12 Million | Rs633.64 Million | ▼ -45.3% |
| 2021 | 0.24x | Rs123.55 Million | Rs514.84 Million | ▲ +1459.3% |
| 2020 | -0.02x | Rs-9.11 Million | Rs515.73 Million | ▼ -107.0% |
| 2019 | 0.25x | Rs82.03 Million | Rs327.01 Million | ▲ +555.7% |
| 2018 | -0.06x | Rs-20.29 Million | Rs368.65 Million | ▼ -129.1% |
| 2017 | 0.19x | Rs74.97 Million | Rs396.22 Million | ▲ +873.0% |
| 2016 | 0.02x | Rs5.50 Million | Rs282.94 Million | ▼ -89.2% |
| 2015 | 0.18x | Rs46.31 Million | Rs256.66 Million | ▲ +1038.3% |
| 2014 | -0.02x | Rs-4.14 Million | Rs215.53 Million | ▼ -112.3% |
| 2013 | 0.16x | Rs25.50 Million | Rs163.21 Million | — |