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 AES free cash flow debt coverage 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
The AES Corporation Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for The AES Corporation across 32 annual periods. For the full cash flow conversion analysis, see The AES Corporation (AES) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for The AES Corporation (1994–2025)
Year-by-year debt coverage analysis for The AES Corporation. Check The AES Corporation (AES) 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 | 0.11x | $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 | — |