Novartis AG (NOVN) — Cash Flow-to-Debt Ratio
Novartis AG (NOVN) has a Cash Flow-to-Debt Ratio of 0.05x as of March 2026, meaning its operating cash flow of CHF3.60 Billion could theoretically repay 0% of its total liabilities (CHF79.84 Billion) in one year. See Novartis AG financial 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
Novartis AG Cash Flow-to-Debt Ratio (1998–2025)
Historical debt coverage capacity for Novartis AG across 28 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Novartis AG.
Annual Cash Flow-to-Debt Ratio for Novartis AG (1998–2025)
Year-by-year debt coverage analysis for Novartis AG. Check how high is Novartis AG's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CHF) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.29x | CHF20.05 Billion | CHF68.97 Billion | ▼ -4.1% |
| 2024 | 0.30x | CHF17.62 Billion | CHF58.12 Billion | ▲ +11.5% |
| 2023 | 0.27x | CHF14.46 Billion | CHF53.20 Billion | ▲ +10.8% |
| 2022 | 0.25x | CHF14.24 Billion | CHF58.03 Billion | ▲ +4.1% |
| 2021 | 0.24x | CHF15.07 Billion | CHF63.97 Billion | ▲ +22.7% |
| 2020 | 0.19x | CHF13.65 Billion | CHF71.11 Billion | ▼ -11.5% |
| 2019 | 0.22x | CHF13.62 Billion | CHF62.82 Billion | ▲ +1.6% |
| 2018 | 0.21x | CHF14.27 Billion | CHF66.87 Billion | ▼ -0.5% |
| 2017 | 0.21x | CHF12.62 Billion | CHF58.85 Billion | ▲ +3.2% |
| 2016 | 0.21x | CHF11.47 Billion | CHF55.23 Billion | ▼ -4.9% |
| 2015 | 0.22x | CHF11.90 Billion | CHF54.43 Billion | ▼ -14.2% |
| 2014 | 0.25x | CHF13.90 Billion | CHF54.54 Billion | ▲ +0.1% |
| 2013 | 0.25x | CHF13.17 Billion | CHF51.78 Billion | ▼ -1.5% |
| 2012 | 0.26x | CHF14.19 Billion | CHF54.93 Billion | ▼ -6.9% |
| 2011 | 0.28x | CHF14.31 Billion | CHF51.56 Billion | ▲ +5.7% |
| 2010 | 0.26x | CHF14.07 Billion | CHF53.55 Billion | ▼ -18.0% |
| 2009 | 0.32x | CHF12.19 Billion | CHF38.04 Billion | ▼ -8.6% |
| 2008 | 0.35x | CHF9.77 Billion | CHF27.86 Billion | ▼ -0.8% |
| 2007 | 0.35x | CHF9.21 Billion | CHF26.06 Billion | ▲ +8.4% |
| 2006 | 0.33x | CHF8.71 Billion | CHF26.71 Billion | ▼ -0.9% |
| 2005 | 0.33x | CHF8.08 Billion | CHF24.57 Billion | ▲ +3.5% |
| 2004 | 0.32x | CHF6.72 Billion | CHF21.17 Billion | ▼ -10.2% |
| 2003 | 0.35x | CHF6.65 Billion | CHF18.80 Billion | ▲ +1.3% |
| 2002 | 0.35x | CHF5.83 Billion | CHF16.69 Billion | ▲ +16.3% |
| 2001 | 0.30x | CHF4.43 Billion | CHF14.75 Billion | ▼ -14.7% |
| 2000 | 0.35x | CHF4.64 Billion | CHF13.17 Billion | ▲ +43.4% |
| 1999 | 0.25x | CHF4.33 Billion | CHF17.64 Billion | ▲ +2.9% |
| 1998 | 0.24x | CHF4.28 Billion | CHF17.90 Billion | — |