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 NOVN free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
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. Also explore Novartis AG (NOVN) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Novartis AG (1998–2025)
Year-by-year debt coverage analysis for Novartis AG. For market capitalisation and broader financial context, see Novartis AG (NOVN) market capitalisation.
| 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 | — |