Topgolf Callaway Brands Corp. (MODG) — Cash Flow-to-Debt Ratio
Topgolf Callaway Brands Corp. (MODG) has a Cash Flow-to-Debt Ratio of 0.04x as of September 2025, meaning its operating cash flow of $228.40 Million could theoretically repay 0% of its total liabilities ($5.09 Billion) in one year. See Topgolf Callaway Brands Corp. (MODG) financial flexibility 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
Topgolf Callaway Brands Corp. Cash Flow-to-Debt Ratio (1991–2024)
Historical debt coverage capacity for Topgolf Callaway Brands Corp. across 34 annual periods. For the full cash flow conversion analysis, see MODG cash flow metrics.
Annual Cash Flow-to-Debt Ratio for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year debt coverage analysis for Topgolf Callaway Brands Corp.. Check Topgolf Callaway Brands Corp. earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.07x | $382.00 Million | $5.23 Billion | ▲ +5.0% |
| 2023 | 0.07x | $364.70 Million | $5.24 Billion | ▲ +1054.5% |
| 2022 | -0.01x | $-35.10 Million | $4.82 Billion | ▼ -110.6% |
| 2021 | 0.07x | $278.26 Million | $4.06 Billion | ▼ -60.9% |
| 2020 | 0.17x | $228.24 Million | $1.30 Billion | ▲ +141.1% |
| 2019 | 0.07x | $86.55 Million | $1.19 Billion | ▼ -75.0% |
| 2018 | 0.29x | $92.28 Million | $318.64 Million | ▼ -18.4% |
| 2017 | 0.35x | $117.70 Million | $331.78 Million | ▼ -12.0% |
| 2016 | 0.40x | $77.71 Million | $192.68 Million | ▲ +187.9% |
| 2015 | 0.14x | $30.58 Million | $218.28 Million | ▲ +26.6% |
| 2014 | 0.11x | $36.88 Million | $333.28 Million | ▲ +569.0% |
| 2013 | -0.02x | $-8.95 Million | $379.24 Million | ▲ +74.1% |
| 2012 | -0.09x | $-28.81 Million | $316.21 Million | ▼ -293.3% |
| 2011 | 0.05x | $10.10 Million | $214.30 Million | ▼ -7.5% |
| 2010 | 0.05x | $9.63 Million | $189.13 Million | ▼ -80.3% |
| 2009 | 0.26x | $42.87 Million | $166.05 Million | ▲ +85.7% |
| 2008 | 0.14x | $41.62 Million | $299.31 Million | ▼ -73.8% |
| 2007 | 0.53x | $151.98 Million | $286.75 Million | ▲ +718.1% |
| 2006 | 0.06x | $17.29 Million | $266.84 Million | ▼ -84.5% |
| 2005 | 0.42x | $70.30 Million | $168.45 Million | ▲ +630.4% |
| 2004 | 0.06x | $8.54 Million | $149.42 Million | ▼ -92.3% |
| 2003 | 0.75x | $118.74 Million | $159.18 Million | ▼ -26.9% |
| 2002 | 1.02x | $139.21 Million | $136.46 Million | ▲ +35.7% |
| 2001 | 0.75x | $100.15 Million | $133.25 Million | ▼ -1.6% |
| 2000 | 0.76x | $91.06 Million | $119.19 Million | ▼ -46.3% |
| 1999 | 1.42x | $166.30 Million | $116.90 Million | ▲ +848.5% |
| 1998 | 0.15x | $30.40 Million | $202.70 Million | ▼ -92.7% |
| 1997 | 2.06x | $165.50 Million | $80.30 Million | ▲ +82.4% |
| 1996 | 1.13x | $74.70 Million | $66.10 Million | ▼ -22.9% |
| 1995 | 1.47x | $95.40 Million | $65.10 Million | ▲ +100.5% |
| 1994 | 0.73x | $41.80 Million | $57.20 Million | ▼ -38.4% |
| 1993 | 1.19x | $33.00 Million | $27.80 Million | ▲ +63.1% |
| 1992 | 0.73x | $13.90 Million | $19.10 Million | ▲ +97.9% |
| 1991 | 0.37x | $5.00 Million | $13.60 Million | — |