The AES Corporation (AES) — Cash Flow-to-Debt Ratio
The AES Corporation (AES) has a Cash Flow-to-Debt Ratio of 0.03x as of March 2026, meaning its operating cash flow of $1.20 Billion could theoretically repay 0% of its total liabilities ($43.46 Billion) in one year. See The AES Corporation free cash flow generation 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
The AES Corporation Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for The AES Corporation across 32 annual periods. Also explore net asset momentum of The AES Corporation to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for The AES Corporation (1994–2025)
Year-by-year debt coverage analysis for The AES Corporation. For market capitalisation and broader financial context, see The AES Corporation (AES) total market value.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | $4.31 Billion | $39.84 Billion | ▲ +55.9% |
| 2024 | 0.07x | $2.75 Billion | $39.70 Billion | ▼ -11.3% |
| 2023 | 0.08x | $3.03 Billion | $38.81 Billion | ▼ -2.5% |
| 2022 | 0.08x | $2.71 Billion | $33.86 Billion | ▲ +19.7% |
| 2021 | 0.07x | $1.90 Billion | $28.40 Billion | ▼ -27.3% |
| 2020 | 0.09x | $2.75 Billion | $29.88 Billion | ▲ +6.2% |
| 2019 | 0.09x | $2.47 Billion | $28.42 Billion | ▼ -0.3% |
| 2018 | 0.09x | $2.34 Billion | $26.92 Billion | ▼ -1.1% |
| 2017 | 0.09x | $2.49 Billion | $28.27 Billion | ▼ -7.1% |
| 2016 | 0.09x | $2.88 Billion | $30.42 Billion | ▲ +34.6% |
| 2015 | 0.07x | $2.13 Billion | $30.30 Billion | ▲ +24.4% |
| 2014 | 0.06x | $1.79 Billion | $31.64 Billion | ▼ -31.7% |
| 2013 | 0.08x | $2.71 Billion | $32.76 Billion | ▼ -2.0% |
| 2012 | 0.08x | $2.90 Billion | $34.32 Billion | ▲ +4.1% |
| 2011 | 0.08x | $2.88 Billion | $35.53 Billion | ▼ -30.4% |
| 2010 | 0.12x | $3.51 Billion | $30.10 Billion | ▲ +61.5% |
| 2009 | 0.07x | $2.21 Billion | $30.66 Billion | ▼ -7.4% |
| 2008 | 0.08x | $2.17 Billion | $27.78 Billion | ▲ +3.5% |
| 2007 | 0.08x | $2.36 Billion | $31.29 Billion | ▼ -11.6% |
| 2006 | 0.09x | $2.41 Billion | $28.30 Billion | ▲ +1.2% |
| 2005 | 0.08x | $2.17 Billion | $25.71 Billion | ▲ +42.8% |
| 2004 | 0.06x | $1.57 Billion | $26.66 Billion | ▲ +1.3% |
| 2003 | 0.06x | $1.64 Billion | $28.21 Billion | ▲ +32.3% |
| 2002 | 0.04x | $1.51 Billion | $34.29 Billion | ▼ -22.6% |
| 2001 | 0.06x | $1.69 Billion | $29.74 Billion | ▲ +222.7% |
| 2000 | 0.02x | $459.00 Million | $26.05 Billion | ▲ +52.9% |
| 1999 | 0.01x | $197.00 Million | $17.09 Billion | ▼ -83.2% |
| 1998 | 0.07x | $528.00 Million | $7.71 Billion | ▲ +125.6% |
| 1997 | 0.03x | $193.00 Million | $6.35 Billion | ▼ -55.1% |
| 1996 | 0.07x | $182.00 Million | $2.69 Billion | ▼ -43.8% |
| 1995 | 0.12x | $197.00 Million | $1.63 Billion | ▼ -1.9% |
| 1994 | 0.12x | $163.50 Million | $1.33 Billion | — |