International Business Machines (IBM) — Cash Flow-to-Debt Ratio
International Business Machines (IBM) has a Cash Flow-to-Debt Ratio of 0.04x as of March 2026, meaning its operating cash flow of $5.17 Billion could theoretically repay 0% of its total liabilities ($123.17 Billion) in one year. See free cash flow generation of International Business Machines 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
International Business Machines Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for International Business Machines across 37 annual periods. Also explore International Business Machines equity growth rate to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for International Business Machines (1989–2025)
Year-by-year debt coverage analysis for International Business Machines. For market capitalisation and broader financial context, see International Business Machines stock valuation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | $13.19 Billion | $119.14 Billion | ▼ -9.6% |
| 2024 | 0.12x | $13.45 Billion | $109.78 Billion | ▲ +2.7% |
| 2023 | 0.12x | $13.43 Billion | $112.63 Billion | ▲ +20.3% |
| 2022 | 0.10x | $10.44 Billion | $105.22 Billion | ▼ -12.4% |
| 2021 | 0.11x | $12.80 Billion | $113.00 Billion | ▼ -15.8% |
| 2020 | 0.13x | $18.20 Billion | $135.25 Billion | ▲ +19.5% |
| 2019 | 0.11x | $14.77 Billion | $131.20 Billion | ▼ -21.4% |
| 2018 | 0.14x | $15.25 Billion | $106.45 Billion | ▼ -7.8% |
| 2017 | 0.16x | $16.72 Billion | $107.63 Billion | ▼ -9.9% |
| 2016 | 0.17x | $17.08 Billion | $99.08 Billion | ▼ -4.0% |
| 2015 | 0.18x | $17.25 Billion | $96.07 Billion | ▲ +12.4% |
| 2014 | 0.16x | $16.87 Billion | $105.52 Billion | ▼ -5.6% |
| 2013 | 0.17x | $17.48 Billion | $103.29 Billion | ▼ -13.4% |
| 2012 | 0.20x | $19.59 Billion | $100.23 Billion | ▼ -5.3% |
| 2011 | 0.21x | $19.85 Billion | $96.20 Billion | ▼ -4.7% |
| 2010 | 0.22x | $19.55 Billion | $90.28 Billion | ▼ -10.1% |
| 2009 | 0.24x | $20.77 Billion | $86.27 Billion | ▲ +23.0% |
| 2008 | 0.20x | $18.81 Billion | $96.06 Billion | ▲ +11.9% |
| 2007 | 0.17x | $16.09 Billion | $91.96 Billion | ▼ -13.0% |
| 2006 | 0.20x | $15.02 Billion | $74.73 Billion | ▼ -2.1% |
| 2005 | 0.21x | $14.91 Billion | $72.65 Billion | ▲ +5.8% |
| 2004 | 0.19x | $15.41 Billion | $79.44 Billion | ▲ +3.1% |
| 2003 | 0.19x | $14.41 Billion | $76.59 Billion | ▲ +0.5% |
| 2002 | 0.19x | $13.79 Billion | $73.70 Billion | ▼ -13.7% |
| 2001 | 0.22x | $14.02 Billion | $64.70 Billion | ▲ +58.3% |
| 2000 | 0.14x | $9.27 Billion | $67.72 Billion | ▼ -9.3% |
| 1999 | 0.15x | $10.11 Billion | $66.98 Billion | ▲ +8.5% |
| 1998 | 0.14x | $9.27 Billion | $66.67 Billion | ▼ -3.2% |
| 1997 | 0.14x | $8.87 Billion | $61.68 Billion | ▼ -16.8% |
| 1996 | 0.17x | $10.28 Billion | $59.50 Billion | ▼ -6.7% |
| 1995 | 0.19x | $10.71 Billion | $57.87 Billion | ▼ -9.5% |
| 1994 | 0.20x | $11.79 Billion | $57.68 Billion | ▲ +50.7% |
| 1993 | 0.14x | $8.33 Billion | $61.38 Billion | ▲ +27.8% |
| 1992 | 0.11x | $6.27 Billion | $59.08 Billion | ▼ -12.4% |
| 1991 | 0.12x | $6.72 Billion | $55.47 Billion | ▼ -27.4% |
| 1990 | 0.17x | $7.47 Billion | $44.74 Billion | ▼ -11.1% |
| 1989 | 0.19x | $7.37 Billion | $39.23 Billion | — |