Thermo Fisher Scientific Inc (TMO) — Cash Flow-to-Debt Ratio
Thermo Fisher Scientific Inc (TMO) has a Cash Flow-to-Debt Ratio of 0.04x as of September 2025, meaning its operating cash flow of $2.24 Billion could theoretically repay 0% of its total liabilities ($52.00 Billion) in one year. See TMO 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
Thermo Fisher Scientific Inc Cash Flow-to-Debt Ratio (1989–2024)
Historical debt coverage capacity for Thermo Fisher Scientific Inc across 36 annual periods. For the full cash flow conversion analysis, see Thermo Fisher Scientific Inc operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Thermo Fisher Scientific Inc (1989–2024)
Year-by-year debt coverage analysis for Thermo Fisher Scientific Inc. Check TMO cash to 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 |
|---|---|---|---|---|
| 2024 | 0.18x | $8.67 Billion | $47.65 Billion | ▲ +12.3% |
| 2023 | 0.16x | $8.41 Billion | $51.88 Billion | ▼ -6.2% |
| 2022 | 0.17x | $9.15 Billion | $53.01 Billion | ▼ -2.0% |
| 2021 | 0.18x | $9.54 Billion | $54.15 Billion | ▼ -26.6% |
| 2020 | 0.24x | $8.29 Billion | $34.53 Billion | ▲ +38.5% |
| 2019 | 0.17x | $4.97 Billion | $28.71 Billion | ▲ +9.2% |
| 2018 | 0.16x | $4.54 Billion | $28.65 Billion | ▲ +23.8% |
| 2017 | 0.13x | $4.00 Billion | $31.26 Billion | ▼ -1.1% |
| 2016 | 0.13x | $3.16 Billion | $24.37 Billion | ▼ -10.4% |
| 2015 | 0.14x | $2.82 Billion | $19.48 Billion | ▲ +23.1% |
| 2014 | 0.12x | $2.62 Billion | $22.30 Billion | ▼ -12.3% |
| 2013 | 0.13x | $2.01 Billion | $15.01 Billion | ▼ -21.3% |
| 2012 | 0.17x | $2.04 Billion | $11.98 Billion | ▲ +18.8% |
| 2011 | 0.14x | $1.69 Billion | $11.80 Billion | ▼ -42.3% |
| 2010 | 0.25x | $1.50 Billion | $6.03 Billion | ▼ -7.6% |
| 2009 | 0.27x | $1.66 Billion | $6.17 Billion | ▲ +16.7% |
| 2008 | 0.23x | $1.42 Billion | $6.16 Billion | ▲ +4.4% |
| 2007 | 0.22x | $1.48 Billion | $6.72 Billion | ▲ +300.1% |
| 2006 | 0.06x | $405.65 Million | $7.35 Billion | ▼ -70.3% |
| 2005 | 0.19x | $270.91 Million | $1.46 Billion | ▼ -36.0% |
| 2004 | 0.29x | $264.51 Million | $911.17 Million | ▲ +34.8% |
| 2003 | 0.22x | $216.72 Million | $1.01 Billion | ▲ +237.8% |
| 2002 | 0.06x | $102.89 Million | $1.61 Billion | ▼ -35.4% |
| 2001 | 0.10x | $188.40 Million | $1.91 Billion | ▲ +13.7% |
| 2000 | 0.09x | $199.92 Million | $2.30 Billion | ▼ -28.1% |
| 1999 | 0.12x | $337.12 Million | $2.80 Billion | ▲ +22.6% |
| 1998 | 0.10x | $328.50 Million | $3.34 Billion | ▲ +9.1% |
| 1997 | 0.09x | $269.00 Million | $2.99 Billion | ▲ +5.4% |
| 1996 | 0.09x | $224.50 Million | $2.63 Billion | ▼ -14.1% |
| 1995 | 0.10x | $194.60 Million | $1.96 Billion | ▼ -17.1% |
| 1994 | 0.12x | $204.20 Million | $1.70 Billion | ▲ +25.3% |
| 1993 | 0.10x | $126.70 Million | $1.32 Billion | ▲ +91.1% |
| 1992 | 0.05x | $54.90 Million | $1.10 Billion | ▲ +28.7% |
| 1991 | 0.04x | $23.00 Million | $590.50 Million | ▲ +4.4% |
| 1990 | 0.04x | $18.60 Million | $498.40 Million | ▼ -71.7% |
| 1989 | 0.13x | $47.60 Million | $361.40 Million | — |