McDonald’s Corporation (MCD) — 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. See how much free cash does McDonald’s Corporation generate 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
McDonald’s Corporation Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for McDonald’s Corporation across 37 annual periods. Also explore MCD net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for McDonald’s Corporation (1989–2025)
Year-by-year debt coverage analysis for McDonald’s Corporation. For market capitalisation and broader financial context, see McDonald’s Corporation (MCD) total market value.
| 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 | — |