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. Explore International Business Machines long-term investment intensity to see how much of total assets are deployed in long-term investments.
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 asset portfolio for the complete picture of this company's asset base.
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 market cap and net worth.
| 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 | — |