Thales S.A. (HO) — Cash Flow-to-Debt Ratio
Latest as of June 2025:
0.03x
Thales S.A. (HO) has a Cash Flow-to-Debt Ratio of 0.03x as of June 2025, meaning its operating cash flow of €808.00 Million could theoretically repay 0% of its total liabilities (€31.72 Billion) in one year. See financial agility of Thales S.A. to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
0.03x
Operating CF / Total Liabilities
Operating Cash Flow
€808.00 Million
EUR
Total Liabilities
€31.72 Billion
EUR
Data as of
Jun 2025
Most recent filing
Thales S.A. Cash Flow-to-Debt Ratio (2001–2024)
Historical debt coverage capacity for Thales S.A. across 24 annual periods. For the full cash flow conversion analysis, see HO cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Thales S.A. (2001–2024)
Year-by-year debt coverage analysis for Thales S.A.. Check HO operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.08x | €2.64 Billion | €32.43 Billion | ▲ +62.1% |
| 2023 | 0.05x | €1.60 Billion | €31.82 Billion | ▼ -55.7% |
| 2022 | 0.11x | €3.06 Billion | €27.04 Billion | ▲ +9.3% |
| 2021 | 0.10x | €2.71 Billion | €26.12 Billion | ▲ +104.1% |
| 2020 | 0.05x | €1.35 Billion | €26.50 Billion | ▼ -26.7% |
| 2019 | 0.07x | €1.77 Billion | €25.54 Billion | ▲ +8.4% |
| 2018 | 0.06x | €1.25 Billion | €19.58 Billion | ▼ -44.7% |
| 2017 | 0.12x | €2.06 Billion | €17.78 Billion | ▲ +46.4% |
| 2016 | 0.08x | €1.41 Billion | €17.82 Billion | ▼ -17.6% |
| 2015 | 0.10x | €1.59 Billion | €16.62 Billion | ▲ +44.2% |
| 2014 | 0.07x | €1.06 Billion | €15.92 Billion | ▲ +10.1% |
| 2013 | 0.06x | €1.06 Billion | €17.55 Billion | ▼ -24.7% |
| 2012 | 0.08x | €1.34 Billion | €16.75 Billion | ▲ +135.7% |
| 2011 | 0.03x | €577.20 Million | €16.95 Billion | ▼ -0.1% |
| 2010 | 0.03x | €522.80 Million | €15.34 Billion | ▼ -57.9% |
| 2009 | 0.08x | €1.16 Billion | €14.25 Billion | ▲ +38.1% |
| 2008 | 0.06x | €820.80 Million | €13.98 Billion | ▼ -17.7% |
| 2007 | 0.07x | €984.90 Million | €13.82 Billion | ▲ +20.4% |
| 2006 | 0.06x | €753.60 Million | €12.73 Billion | ▲ +14.5% |
| 2005 | 0.05x | €609.60 Million | €11.78 Billion | ▲ +71.7% |
| 2004 | 0.03x | €358.60 Million | €11.90 Billion | ▼ -22.9% |
| 2003 | 0.04x | €636.80 Million | €16.29 Billion | ▲ +105.0% |
| 2002 | 0.02x | €305.80 Million | €16.04 Billion | ▼ -50.9% |
| 2001 | 0.04x | €667.00 Million | €17.18 Billion | — |
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.