SM Energy Co (SM) — Cash Flow-to-Debt Ratio
SM Energy Co (SM) has a Cash Flow-to-Debt Ratio of 0.12x as of September 2025, meaning its operating cash flow of $504.96 Million could theoretically repay 0% of its total liabilities ($4.38 Billion) in one year. See SM Energy Co (SM) free cash flow 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
SM Energy Co Cash Flow-to-Debt Ratio (1990–2024)
Historical debt coverage capacity for SM Energy Co across 35 annual periods. Also explore how fast is SM Energy Co growing its equity to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for SM Energy Co (1990–2024)
Year-by-year debt coverage analysis for SM Energy Co. For market capitalisation and broader financial context, see market cap of SM Energy Co.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.41x | $1.78 Billion | $4.34 Billion | ▼ -27.9% |
| 2023 | 0.57x | $1.57 Billion | $2.76 Billion | ▼ -11.2% |
| 2022 | 0.64x | $1.69 Billion | $2.63 Billion | ▲ +75.3% |
| 2021 | 0.37x | $1.16 Billion | $3.17 Billion | ▲ +36.9% |
| 2020 | 0.27x | $790.94 Million | $2.96 Billion | ▲ +15.0% |
| 2019 | 0.23x | $823.57 Million | $3.54 Billion | ▲ +10.7% |
| 2018 | 0.21x | $720.63 Million | $3.43 Billion | ▲ +54.1% |
| 2017 | 0.14x | $515.39 Million | $3.78 Billion | ▼ -4.0% |
| 2016 | 0.14x | $552.80 Million | $3.90 Billion | ▼ -45.3% |
| 2015 | 0.26x | $978.35 Million | $3.77 Billion | ▼ -24.6% |
| 2014 | 0.34x | $1.46 Billion | $4.23 Billion | ▼ -20.3% |
| 2013 | 0.43x | $1.34 Billion | $3.10 Billion | ▲ +30.5% |
| 2012 | 0.33x | $921.97 Million | $2.79 Billion | ▲ +1.7% |
| 2011 | 0.33x | $760.53 Million | $2.34 Billion | ▼ -0.1% |
| 2010 | 0.33x | $497.10 Million | $1.53 Billion | ▲ +3.6% |
| 2009 | 0.31x | $436.11 Million | $1.39 Billion | ▼ -27.3% |
| 2008 | 0.43x | $678.22 Million | $1.57 Billion | ▲ +17.2% |
| 2007 | 0.37x | $630.79 Million | $1.71 Billion | ▼ -8.8% |
| 2006 | 0.40x | $467.70 Million | $1.16 Billion | ▼ -30.9% |
| 2005 | 0.59x | $409.38 Million | $699.43 Million | ▲ +13.8% |
| 2004 | 0.51x | $237.16 Million | $461.00 Million | ▼ -13.1% |
| 2003 | 0.59x | $204.32 Million | $345.20 Million | ▼ -1.0% |
| 2002 | 0.60x | $141.71 Million | $236.98 Million | ▼ -29.6% |
| 2001 | 0.85x | $127.49 Million | $150.16 Million | ▼ -34.5% |
| 2000 | 1.30x | $92.27 Million | $71.15 Million | ▲ +31.3% |
| 1999 | 0.99x | $40.80 Million | $41.30 Million | ▲ +8.4% |
| 1998 | 0.91x | $45.40 Million | $49.80 Million | ▲ +33.5% |
| 1997 | 0.68x | $43.10 Million | $63.10 Million | ▲ +95.0% |
| 1996 | 0.35x | $24.20 Million | $69.10 Million | ▼ -41.0% |
| 1995 | 0.59x | $17.70 Million | $29.80 Million | ▼ -31.5% |
| 1994 | 0.87x | $20.30 Million | $23.40 Million | ▼ -19.9% |
| 1993 | 1.08x | $19.70 Million | $18.20 Million | ▼ -41.9% |
| 1992 | 1.86x | $27.00 Million | $14.50 Million | ▲ +261.3% |
| 1991 | 0.52x | $11.70 Million | $22.70 Million | ▼ -56.3% |
| 1990 | 1.18x | $15.10 Million | $12.80 Million | — |