National Fuel Gas Company (NFG) — Cash Flow-to-Debt Ratio
National Fuel Gas Company (NFG) has a Cash Flow-to-Debt Ratio of 0.05x as of December 2025, meaning its operating cash flow of $274.92 Million could theoretically repay 0% of its total liabilities ($5.62 Billion) in one year. See NFG FCF generation index 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
National Fuel Gas Company Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for National Fuel Gas Company across 32 annual periods. Also explore National Fuel Gas Company (NFG) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for National Fuel Gas Company (1994–2025)
Year-by-year debt coverage analysis for National Fuel Gas Company. For market capitalisation and broader financial context, see National Fuel Gas Company stock valuation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.20x | $1.10 Billion | $5.62 Billion | ▲ +0.4% |
| 2024 | 0.19x | $1.07 Billion | $5.47 Billion | ▼ -16.3% |
| 2023 | 0.23x | $1.24 Billion | $5.32 Billion | ▲ +66.6% |
| 2022 | 0.14x | $812.52 Million | $5.82 Billion | ▲ +0.2% |
| 2021 | 0.14x | $791.55 Million | $5.68 Billion | ▼ -1.2% |
| 2020 | 0.14x | $740.81 Million | $5.25 Billion | ▼ -12.1% |
| 2019 | 0.16x | $694.48 Million | $4.32 Billion | ▲ +7.0% |
| 2018 | 0.15x | $615.30 Million | $4.10 Billion | ▼ -3.5% |
| 2017 | 0.16x | $684.51 Million | $4.40 Billion | ▲ +8.6% |
| 2016 | 0.14x | $588.98 Million | $4.11 Billion | ▼ -21.2% |
| 2015 | 0.18x | $853.58 Million | $4.69 Billion | ▼ -13.4% |
| 2014 | 0.21x | $909.39 Million | $4.33 Billion | ▲ +14.4% |
| 2013 | 0.18x | $738.57 Million | $4.02 Billion | ▲ +10.4% |
| 2012 | 0.17x | $660.79 Million | $3.98 Billion | ▼ -16.9% |
| 2011 | 0.20x | $678.68 Million | $3.39 Billion | ▲ +46.2% |
| 2010 | 0.14x | $459.69 Million | $3.36 Billion | ▼ -28.6% |
| 2009 | 0.19x | $609.43 Million | $3.18 Billion | ▲ +0.3% |
| 2008 | 0.19x | $482.78 Million | $2.53 Billion | ▲ +9.5% |
| 2007 | 0.17x | $394.20 Million | $2.26 Billion | ▼ -14.1% |
| 2006 | 0.20x | $471.40 Million | $2.32 Billion | ▲ +59.6% |
| 2005 | 0.13x | $317.35 Million | $2.49 Billion | ▼ -29.5% |
| 2004 | 0.18x | $437.15 Million | $2.42 Billion | ▲ +41.3% |
| 2003 | 0.13x | $326.84 Million | $2.56 Billion | ▼ -12.5% |
| 2002 | 0.15x | $345.55 Million | $2.37 Billion | ▼ -14.6% |
| 2001 | 0.17x | $414.14 Million | $2.42 Billion | ▲ +60.9% |
| 2000 | 0.11x | $238.25 Million | $2.24 Billion | ▼ -26.6% |
| 1999 | 0.14x | $271.90 Million | $1.88 Billion | ▲ +1.4% |
| 1998 | 0.14x | $253.00 Million | $1.77 Billion | ▼ -34.3% |
| 1997 | 0.22x | $294.70 Million | $1.35 Billion | ▲ +67.2% |
| 1996 | 0.13x | $168.50 Million | $1.29 Billion | ▼ -7.2% |
| 1995 | 0.14x | $173.50 Million | $1.24 Billion | ▼ -15.4% |
| 1994 | 0.17x | $199.20 Million | $1.20 Billion | — |