United States Cellular Corporation (USM) — Cash Flow-to-Debt Ratio
United States Cellular Corporation (USM) has a Cash Flow-to-Debt Ratio of -0.19x as of September 2025, meaning its operating cash flow of $-462.49 Million could theoretically repay 0% of its total liabilities ($2.38 Billion) in one year. See United States Cellular Corporation leverage flexibility 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
United States Cellular Corporation Cash Flow-to-Debt Ratio (1989–2024)
Historical debt coverage capacity for United States Cellular Corporation across 36 annual periods. For the full cash flow conversion analysis, see USM cash flow conversion.
Annual Cash Flow-to-Debt Ratio for United States Cellular Corporation (1989–2024)
Year-by-year debt coverage analysis for United States Cellular Corporation. Check United States Cellular Corporation (USM) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.15x | $883.00 Million | $5.84 Billion | ▲ +6.4% |
| 2023 | 0.14x | $866.00 Million | $6.10 Billion | ▲ +11.6% |
| 2022 | 0.13x | $832.00 Million | $6.54 Billion | ▼ -8.5% |
| 2021 | 0.14x | $802.00 Million | $5.77 Billion | ▼ -41.0% |
| 2020 | 0.24x | $1.24 Billion | $5.25 Billion | ▲ +28.4% |
| 2019 | 0.18x | $724.00 Million | $3.94 Billion | ▼ -17.2% |
| 2018 | 0.22x | $709.00 Million | $3.20 Billion | ▲ +49.1% |
| 2017 | 0.15x | $469.00 Million | $3.15 Billion | ▲ +2.8% |
| 2016 | 0.14x | $501.00 Million | $3.46 Billion | ▼ -9.1% |
| 2015 | 0.16x | $555.11 Million | $3.49 Billion | ▲ +193.0% |
| 2014 | 0.05x | $172.34 Million | $3.17 Billion | ▼ -43.3% |
| 2013 | 0.10x | $290.90 Million | $3.04 Billion | ▼ -70.3% |
| 2012 | 0.32x | $899.29 Million | $2.79 Billion | ▼ -13.6% |
| 2011 | 0.37x | $987.86 Million | $2.65 Billion | ▲ +2.3% |
| 2010 | 0.36x | $874.29 Million | $2.40 Billion | ▼ -5.4% |
| 2009 | 0.39x | $881.81 Million | $2.29 Billion | ▼ -3.6% |
| 2008 | 0.40x | $922.78 Million | $2.31 Billion | ▲ +9.8% |
| 2007 | 0.36x | $863.08 Million | $2.37 Billion | ▲ +39.1% |
| 2006 | 0.26x | $693.45 Million | $2.65 Billion | ▲ +7.4% |
| 2005 | 0.24x | $642.17 Million | $2.64 Billion | ▲ +20.0% |
| 2004 | 0.20x | $518.41 Million | $2.55 Billion | ▼ -22.7% |
| 2003 | 0.26x | $621.65 Million | $2.37 Billion | ▼ -5.6% |
| 2002 | 0.28x | $620.08 Million | $2.23 Billion | ▼ -15.2% |
| 2001 | 0.33x | $440.35 Million | $1.34 Billion | ▼ -23.4% |
| 2000 | 0.43x | $521.33 Million | $1.22 Billion | ▲ +52.2% |
| 1999 | 0.28x | $333.20 Million | $1.18 Billion | ▼ -4.7% |
| 1998 | 0.30x | $311.10 Million | $1.05 Billion | ▲ +9.8% |
| 1997 | 0.27x | $222.10 Million | $825.70 Million | ▲ +9.2% |
| 1996 | 0.25x | $137.50 Million | $558.40 Million | ▲ +7.4% |
| 1995 | 0.23x | $115.90 Million | $505.30 Million | ▲ +8.2% |
| 1994 | 0.21x | $84.30 Million | $397.60 Million | ▲ +62.7% |
| 1993 | 0.13x | $35.30 Million | $270.90 Million | ▲ +1294.3% |
| 1992 | 0.01x | $3.50 Million | $374.50 Million | ▲ +111.4% |
| 1991 | -0.08x | $-18.90 Million | $230.10 Million | ▼ -143.1% |
| 1990 | -0.03x | $-5.50 Million | $162.80 Million | ▲ +58.9% |
| 1989 | -0.08x | $-7.30 Million | $88.90 Million | — |