Zenith Energy Ltd (ZENA) — Cash Flow-to-Debt Ratio
Zenith Energy Ltd (ZENA) has a Cash Flow-to-Debt Ratio of -0.11x as of September 2025, meaning its operating cash flow of Nkr-11.76 Million could theoretically repay 0% of its total liabilities (Nkr103.26 Million) in one year. See financial flexibility index of Zenith Energy Ltd 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
Zenith Energy Ltd Cash Flow-to-Debt Ratio (2009–2025)
Historical debt coverage capacity for Zenith Energy Ltd across 17 annual periods. For the full cash flow conversion analysis, see ZENA cash generation efficiency.
Annual Cash Flow-to-Debt Ratio for Zenith Energy Ltd (2009–2025)
Year-by-year debt coverage analysis for Zenith Energy Ltd. Check Zenith Energy Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (NOK) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.11x | Nkr-10.97 Million | Nkr99.09 Million | ▼ -137.8% |
| 2024 | -0.05x | Nkr-4.19 Million | Nkr90.04 Million | ▲ +49.7% |
| 2023 | -0.09x | Nkr-15.84 Million | Nkr171.26 Million | ▼ -10.1% |
| 2022 | -0.08x | Nkr-13.13 Million | Nkr156.21 Million | ▲ +18.1% |
| 2021 | -0.10x | Nkr-9.81 Million | Nkr95.63 Million | ▲ +64.9% |
| 2020 | -0.29x | Nkr-12.06 Million | Nkr41.25 Million | ▼ -2149.2% |
| 2019 | -0.01x | Nkr-6.75 Million | Nkr519.61 Million | ▼ -1443.4% |
| 2018 | 0.00x | Nkr-430.00K | Nkr510.57 Million | ▲ +70.9% |
| 2017 | 0.00x | Nkr-1.46 Million | Nkr503.65 Million | ▲ +97.8% |
| 2016 | -0.13x | Nkr-2.47 Million | Nkr18.58 Million | ▼ -214.0% |
| 2015 | -0.04x | Nkr-634.38K | Nkr14.96 Million | ▲ +48.6% |
| 2014 | -0.08x | Nkr-1.80 Million | Nkr21.86 Million | ▲ +70.2% |
| 2013 | -0.28x | Nkr-2.00 Million | Nkr7.21 Million | ▼ -164.6% |
| 2012 | -0.10x | Nkr-883.66K | Nkr8.45 Million | ▲ +65.0% |
| 2011 | -0.30x | Nkr-2.18 Million | Nkr7.29 Million | ▲ +91.4% |
| 2010 | -3.49x | Nkr-911.72K | Nkr261.57K | ▼ -11.6% |
| 2009 | -3.12x | Nkr-379.74K | Nkr121.63K | — |