Air Liquide SA (AI) — Cash Flow-to-Debt Ratio
Air Liquide SA (AI) has a Cash Flow-to-Debt Ratio of 0.14x as of December 2025, meaning its operating cash flow of €3.50 Billion could theoretically repay 0% of its total liabilities (€24.97 Billion) in one year. See Air Liquide SA (AI) flexibility index 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
Air Liquide SA Cash Flow-to-Debt Ratio (2004–2025)
Historical debt coverage capacity for Air Liquide SA across 22 annual periods. For the full cash flow conversion analysis, see Air Liquide SA (AI) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Air Liquide SA (2004–2025)
Year-by-year debt coverage analysis for Air Liquide SA. Check Air Liquide SA (AI) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.25x | €6.35 Billion | €24.97 Billion | ▼ -2.4% |
| 2024 | 0.26x | €6.32 Billion | €24.25 Billion | ▼ -3.0% |
| 2023 | 0.27x | €6.26 Billion | €23.29 Billion | ▲ +15.5% |
| 2022 | 0.23x | €5.81 Billion | €24.95 Billion | ▲ +3.6% |
| 2021 | 0.22x | €5.57 Billion | €24.78 Billion | ▼ -0.8% |
| 2020 | 0.23x | €5.21 Billion | €22.97 Billion | ▲ +17.1% |
| 2019 | 0.19x | €4.71 Billion | €24.34 Billion | ▼ -2.4% |
| 2018 | 0.20x | €4.72 Billion | €23.77 Billion | ▲ +13.4% |
| 2017 | 0.17x | €4.25 Billion | €24.31 Billion | ▲ +27.8% |
| 2016 | 0.14x | €3.70 Billion | €26.99 Billion | ▼ -21.8% |
| 2015 | 0.18x | €2.83 Billion | €16.17 Billion | ▼ -7.8% |
| 2014 | 0.19x | €2.83 Billion | €14.90 Billion | ▼ -3.7% |
| 2013 | 0.20x | €2.80 Billion | €14.21 Billion | ▲ +6.1% |
| 2012 | 0.19x | €2.71 Billion | €14.56 Billion | ▲ +8.3% |
| 2011 | 0.17x | €2.43 Billion | €14.13 Billion | ▼ -4.7% |
| 2010 | 0.18x | €2.42 Billion | €13.43 Billion | ▼ -5.4% |
| 2009 | 0.19x | €2.45 Billion | €12.87 Billion | ▲ +13.0% |
| 2008 | 0.17x | €2.29 Billion | €13.60 Billion | ▼ -5.2% |
| 2007 | 0.18x | €2.10 Billion | €11.82 Billion | ▼ -2.0% |
| 2006 | 0.18x | €1.77 Billion | €9.73 Billion | ▲ +6.4% |
| 2005 | 0.17x | €1.72 Billion | €10.08 Billion | ▲ +2.4% |
| 2004 | 0.17x | €1.45 Billion | €8.71 Billion | — |