Illinois Tool Works Inc (ITW) — Cash Flow-to-Debt Ratio
Illinois Tool Works Inc (ITW) has a Cash Flow-to-Debt Ratio of 0.05x as of June 2026, meaning its operating cash flow of $723.00 Million could theoretically repay 0% of its total liabilities ($13.60 Billion) in one year. See ITW financial flexibility index 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
Illinois Tool Works Inc Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Illinois Tool Works Inc across 37 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Illinois Tool Works Inc.
Annual Cash Flow-to-Debt Ratio for Illinois Tool Works Inc (1989–2025)
Year-by-year debt coverage analysis for Illinois Tool Works Inc. Check ITW cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.24x | $3.13 Billion | $12.92 Billion | ▼ -13.4% |
| 2024 | 0.28x | $3.28 Billion | $11.75 Billion | ▼ -1.3% |
| 2023 | 0.28x | $3.54 Billion | $12.51 Billion | ▲ +48.7% |
| 2022 | 0.19x | $2.35 Billion | $12.33 Billion | ▼ -7.3% |
| 2021 | 0.21x | $2.56 Billion | $12.45 Billion | ▼ -9.1% |
| 2020 | 0.23x | $2.81 Billion | $12.43 Billion | ▼ -9.2% |
| 2019 | 0.25x | $3.00 Billion | $12.04 Billion | ▲ +2.8% |
| 2018 | 0.24x | $2.81 Billion | $11.61 Billion | ▲ +22.9% |
| 2017 | 0.20x | $2.40 Billion | $12.19 Billion | ▼ -6.3% |
| 2016 | 0.21x | $2.30 Billion | $10.94 Billion | ▼ -3.9% |
| 2015 | 0.22x | $2.30 Billion | $10.50 Billion | ▲ +47.0% |
| 2014 | 0.15x | $1.62 Billion | $10.85 Billion | ▼ -39.6% |
| 2013 | 0.25x | $2.53 Billion | $10.26 Billion | ▲ +4.0% |
| 2012 | 0.24x | $2.07 Billion | $8.74 Billion | ▼ -3.6% |
| 2011 | 0.25x | $1.96 Billion | $7.95 Billion | ▲ +8.3% |
| 2010 | 0.23x | $1.56 Billion | $6.87 Billion | ▼ -23.1% |
| 2009 | 0.30x | $2.15 Billion | $7.26 Billion | ▲ +0.4% |
| 2008 | 0.29x | $2.22 Billion | $7.55 Billion | ▼ -26.8% |
| 2007 | 0.40x | $2.48 Billion | $6.17 Billion | ▼ -5.3% |
| 2006 | 0.42x | $2.07 Billion | $4.86 Billion | ▼ -10.3% |
| 2005 | 0.47x | $1.85 Billion | $3.90 Billion | ▲ +15.1% |
| 2004 | 0.41x | $1.53 Billion | $3.72 Billion | ▼ -0.3% |
| 2003 | 0.41x | $1.37 Billion | $3.32 Billion | ▲ +27.2% |
| 2002 | 0.32x | $1.29 Billion | $3.97 Billion | ▼ -9.2% |
| 2001 | 0.36x | $1.35 Billion | $3.78 Billion | ▲ +33.8% |
| 2000 | 0.27x | $1.12 Billion | $4.20 Billion | ▲ +9.4% |
| 1999 | 0.24x | $1.04 Billion | $4.24 Billion | ▼ -5.9% |
| 1998 | 0.26x | $721.50 Million | $2.78 Billion | ▲ +1.7% |
| 1997 | 0.26x | $660.30 Million | $2.59 Billion | ▼ -2.3% |
| 1996 | 0.26x | $629.40 Million | $2.41 Billion | ▲ +0.8% |
| 1995 | 0.26x | $437.50 Million | $1.69 Billion | ▼ -30.5% |
| 1994 | 0.37x | $387.50 Million | $1.04 Billion | ▲ +28.0% |
| 1993 | 0.29x | $314.10 Million | $1.08 Billion | ▼ -19.1% |
| 1992 | 0.36x | $311.30 Million | $864.50 Million | ▲ +35.3% |
| 1991 | 0.27x | $278.10 Million | $1.04 Billion | ▲ +13.8% |
| 1990 | 0.23x | $247.50 Million | $1.06 Billion | ▼ -14.5% |
| 1989 | 0.27x | $223.50 Million | $816.90 Million | — |