Bullish (BLSH) — Cash Flow-to-Debt Ratio
Latest as of December 2025:
0.09x
Bullish (BLSH) has a Cash Flow-to-Debt Ratio of 0.09x as of December 2025, meaning its operating cash flow of $61.83 Million could theoretically repay 0% of its total liabilities ($658.17 Million) in one year. See BLSH free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
0.09x
Operating CF / Total Liabilities
Operating Cash Flow
$61.83 Million
USD
Total Liabilities
$658.17 Million
USD
Data as of
Dec 2025
Most recent filing
Bullish Cash Flow-to-Debt Ratio (2020–2025)
Historical debt coverage capacity for Bullish across 6 annual periods. Also explore Bullish equity growth rate to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Bullish (2020–2025)
Year-by-year debt coverage analysis for Bullish. For market capitalisation and broader financial context, see Bullish stock valuation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.04x | $28.63 Million | $658.17 Million | ▲ +193.8% |
| 2024 | -0.05x | $-29.98 Million | $646.75 Million | ▲ +80.9% |
| 2023 | -0.24x | $-126.67 Million | $522.23 Million | ▼ -289.5% |
| 2022 | 0.13x | $194.93 Million | $1.52 Billion | ▲ +242.2% |
| 2021 | -0.09x | $-120.95 Million | $1.34 Billion | ▼ -62129.1% |
| 2020 | 0.00x | $-150.00K | $1.04 Billion | — |
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.