National Fuel Gas Company (NFG) — Cash Flow-to-Debt Ratio
National Fuel Gas Company (NFG) has a Cash Flow-to-Debt Ratio of 0.06x as of June 2026, meaning its operating cash flow of $377.26 Million could theoretically repay 0% of its total liabilities ($6.53 Billion) in one year. See financial flexibility index of National Fuel Gas Company 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
National Fuel Gas Company Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for National Fuel Gas Company across 32 annual periods. For the full cash flow conversion analysis, see NFG operating cash flow.
Annual Cash Flow-to-Debt Ratio for National Fuel Gas Company (1994–2025)
Year-by-year debt coverage analysis for National Fuel Gas Company. Check National Fuel Gas Company (NFG) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.20x | $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 | — |