Ermenegildo Zegna NV (ZGN) — Cash Flow-to-Debt Ratio
Ermenegildo Zegna NV (ZGN) has a Cash Flow-to-Debt Ratio of 0.14x as of December 2025, meaning its operating cash flow of $234.81 Million could theoretically repay 0% of its total liabilities ($1.73 Billion) in one year. See Ermenegildo Zegna NV 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
Ermenegildo Zegna NV Cash Flow-to-Debt Ratio (2018–2025)
Historical debt coverage capacity for Ermenegildo Zegna NV across 8 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Ermenegildo Zegna NV.
Annual Cash Flow-to-Debt Ratio for Ermenegildo Zegna NV (2018–2025)
Year-by-year debt coverage analysis for Ermenegildo Zegna NV. Check ZGN 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 |
|---|---|---|---|---|
| 2025 | 0.19x | $322.32 Million | $1.73 Billion | ▲ +23.2% |
| 2024 | 0.15x | $279.13 Million | $1.85 Billion | ▲ +2.2% |
| 2023 | 0.15x | $275.38 Million | $1.87 Billion | ▲ +70.8% |
| 2022 | 0.09x | $146.40 Million | $1.69 Billion | ▼ -44.3% |
| 2021 | 0.16x | $281.15 Million | $1.81 Billion | ▲ +287.0% |
| 2020 | 0.04x | $70.91 Million | $1.77 Billion | ▼ -56.1% |
| 2019 | 0.09x | $174.12 Million | $1.91 Billion | ▼ -2.2% |
| 2018 | 0.09x | $192.76 Million | $2.07 Billion | — |