McDonald’s Corporation Cash Flow-to-Debt Ratio
McDonald’s Corporation cash flow-to-debt ratio. McDonald’s Corporation (MCD) has a Cash Flow-to-Debt Ratio of 0.04x as of March 2026, meaning its operating cash flow of $2.41 Billion could theoretically repay 0% of its total liabilities ($61.32 Billion) in one year. Check cash flow quality index of McDonald’s Corporation to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of McDonald’s Corporation (1989–2025)
Cash flow-to-debt ratio of McDonald’s Corporation from 1989 to 2025. Historical debt coverage capacity for McDonald’s Corporation across 37 annual periods. Check cash flow reinvestment rate of McDonald’s Corporation to assess the company's total reinvestment commitment from operating cash flow.
McDonald’s Corporation Cash Flow-to-Debt Ratio by Year (1989–2025)
McDonald’s Corporation cash flow-to-debt ratio by year from 1989 to 2025. Year-by-year debt coverage analysis for McDonald’s Corporation. For the full cash flow conversion analysis, see how efficiently does McDonald’s Corporation generate cash.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $10.55 Billion | $61.30 Billion | ▲ +7.4% |
| 2024 | 0.16x | $9.45 Billion | $58.98 Billion | ▲ +1.4% |
| 2023 | 0.16x | $9.61 Billion | $60.85 Billion | ▲ +20.7% |
| 2022 | 0.13x | $7.39 Billion | $56.44 Billion | ▼ -16.3% |
| 2021 | 0.16x | $9.14 Billion | $58.46 Billion | ▲ +50.9% |
| 2020 | 0.10x | $6.27 Billion | $60.45 Billion | ▼ -28.9% |
| 2019 | 0.15x | $8.12 Billion | $55.72 Billion | ▼ -18.3% |
| 2018 | 0.18x | $6.97 Billion | $39.07 Billion | ▲ +19.1% |
| 2017 | 0.15x | $5.55 Billion | $37.07 Billion | ▼ -17.9% |
| 2016 | 0.18x | $6.06 Billion | $33.23 Billion | ▼ -14.0% |
| 2015 | 0.21x | $6.54 Billion | $30.85 Billion | ▼ -32.5% |
| 2014 | 0.31x | $6.73 Billion | $21.43 Billion | ▼ -9.1% |
| 2013 | 0.35x | $7.12 Billion | $20.62 Billion | ▼ -0.4% |
| 2012 | 0.35x | $6.97 Billion | $20.09 Billion | ▼ -9.8% |
| 2011 | 0.38x | $7.15 Billion | $18.60 Billion | ▲ +5.1% |
| 2010 | 0.37x | $6.34 Billion | $17.34 Billion | ▲ +3.0% |
| 2009 | 0.36x | $5.75 Billion | $16.19 Billion | ▼ -9.5% |
| 2008 | 0.39x | $5.92 Billion | $15.08 Billion | ▲ +13.6% |
| 2007 | 0.35x | $4.88 Billion | $14.11 Billion | ▲ +7.6% |
| 2006 | 0.32x | $4.34 Billion | $13.52 Billion | ▲ +9.9% |
| 2005 | 0.29x | $4.34 Billion | $14.84 Billion | ▲ +2.1% |
| 2004 | 0.29x | $3.90 Billion | $13.64 Billion | ▲ +21.3% |
| 2003 | 0.24x | $3.27 Billion | $13.86 Billion | ▲ +11.7% |
| 2002 | 0.21x | $2.89 Billion | $13.69 Billion | ▲ +2.5% |
| 2001 | 0.21x | $2.69 Billion | $13.05 Billion | ▼ -6.5% |
| 2000 | 0.22x | $2.75 Billion | $12.48 Billion | ▼ -16.9% |
| 1999 | 0.27x | $3.01 Billion | $11.34 Billion | ▼ -1.1% |
| 1998 | 0.27x | $2.77 Billion | $10.32 Billion | ▲ +3.1% |
| 1997 | 0.26x | $2.44 Billion | $9.39 Billion | ▼ -8.4% |
| 1996 | 0.28x | $2.46 Billion | $8.67 Billion | ▼ -14.8% |
| 1995 | 0.33x | $2.30 Billion | $6.89 Billion | ▲ +8.7% |
| 1994 | 0.31x | $1.93 Billion | $6.28 Billion | ▼ -1.0% |
| 1993 | 0.31x | $1.68 Billion | $5.43 Billion | ▲ +25.7% |
| 1992 | 0.25x | $1.43 Billion | $5.79 Billion | ▲ +12.7% |
| 1991 | 0.22x | $1.42 Billion | $6.51 Billion | ▲ +8.9% |
| 1990 | 0.20x | $1.30 Billion | $6.49 Billion | ▼ -9.4% |
| 1989 | 0.22x | $1.25 Billion | $5.62 Billion | — |