Annaly Capital Management, Inc. (NLY) — Cash Flow-to-Debt Ratio
Annaly Capital Management, Inc. (NLY) has a Cash Flow-to-Debt Ratio of 0.01x as of June 2026, meaning its operating cash flow of $1.62 Billion could theoretically repay 0% of its total liabilities ($126.76 Billion) in one year. See NLY FCF to total liabilities ratio 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
Annaly Capital Management, Inc. Cash Flow-to-Debt Ratio (1997–2025)
Historical debt coverage capacity for Annaly Capital Management, Inc. across 29 annual periods. For the full cash flow conversion analysis, see Annaly Capital Management, Inc. (NLY) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Annaly Capital Management, Inc. (1997–2025)
Year-by-year debt coverage analysis for Annaly Capital Management, Inc.. Check earnings quality score of Annaly Capital Management, Inc. to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.01x | $692.91 Million | $119.45 Billion | ▼ -84.1% |
| 2024 | 0.04x | $3.31 Billion | $90.86 Billion | ▲ +26.0% |
| 2023 | 0.03x | $2.37 Billion | $81.88 Billion | ▼ -62.1% |
| 2022 | 0.08x | $5.37 Billion | $70.48 Billion | ▲ +57.5% |
| 2021 | 0.05x | $3.08 Billion | $63.57 Billion | ▲ +582.4% |
| 2020 | 0.01x | $527.97 Million | $74.43 Billion | ▲ +167.7% |
| 2019 | -0.01x | $-1.20 Billion | $114.50 Billion | ▼ -136.6% |
| 2018 | 0.03x | $2.62 Billion | $91.67 Billion | ▼ -64.1% |
| 2017 | 0.08x | $6.93 Billion | $86.89 Billion | ▼ -12.3% |
| 2016 | 0.09x | $6.86 Billion | $75.33 Billion | ▲ +281.9% |
| 2015 | -0.05x | $-3.17 Billion | $63.28 Billion | ▼ -161.3% |
| 2014 | 0.08x | $6.13 Billion | $75.02 Billion | ▲ +144.0% |
| 2013 | -0.19x | $-12.89 Billion | $69.52 Billion | ▼ -385.3% |
| 2012 | 0.07x | $7.64 Billion | $117.53 Billion | ▲ +152.1% |
| 2011 | 0.03x | $2.42 Billion | $93.87 Billion | ▼ -82.6% |
| 2010 | 0.15x | $10.86 Billion | $73.16 Billion | ▼ -17.9% |
| 2009 | 0.18x | $10.82 Billion | $59.82 Billion | ▲ +721.6% |
| 2008 | 0.02x | $1.11 Billion | $50.41 Billion | ▲ +103.5% |
| 2007 | 0.01x | $525.38 Million | $48.59 Billion | ▲ +36.9% |
| 2006 | 0.01x | $221.63 Million | $28.06 Billion | ▼ -59.1% |
| 2005 | 0.02x | $281.53 Million | $14.56 Billion | ▼ -17.2% |
| 2004 | 0.02x | $416.92 Million | $17.86 Billion | ▼ -22.1% |
| 2003 | 0.03x | $354.92 Million | $11.84 Billion | ▲ +5.0% |
| 2002 | 0.03x | $302.11 Million | $10.58 Billion | ▲ +101.8% |
| 2001 | 0.01x | $99.77 Million | $7.05 Billion | ▲ +88.6% |
| 2000 | 0.01x | $14.25 Million | $1.90 Billion | ▼ -59.0% |
| 1999 | 0.02x | $25.38 Million | $1.39 Billion | ▲ +36.3% |
| 1998 | 0.01x | $18.80 Million | $1.40 Billion | ▲ +113.1% |
| 1997 | 0.01x | $6.50 Million | $1.03 Billion | — |