Ballard Power Systems Inc (BLDP) — Cash Flow-to-Debt Ratio
Ballard Power Systems Inc (BLDP) has a Cash Flow-to-Debt Ratio of -0.22x as of September 2025, meaning its operating cash flow of CA$-22.86 Million could theoretically repay 0% of its total liabilities (CA$103.64 Million) in one year. See BLDP financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Ballard Power Systems Inc Cash Flow-to-Debt Ratio (1993–2024)
Historical debt coverage capacity for Ballard Power Systems Inc across 32 annual periods. For the full cash flow conversion analysis, see Ballard Power Systems Inc (BLDP) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Ballard Power Systems Inc (1993–2024)
Year-by-year debt coverage analysis for Ballard Power Systems Inc. Check BLDP cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | -1.04x | CA$-108.10 Million | CA$104.32 Million | ▲ +14.5% |
| 2023 | -1.21x | CA$-104.57 Million | CA$86.33 Million | ▲ +19.2% |
| 2022 | -1.50x | CA$-132.20 Million | CA$88.17 Million | ▼ -110.0% |
| 2021 | -0.71x | CA$-80.48 Million | CA$112.73 Million | ▼ -24.2% |
| 2020 | -0.57x | CA$-42.93 Million | CA$74.71 Million | ▼ -263.7% |
| 2019 | -0.16x | CA$-14.23 Million | CA$90.06 Million | ▲ +68.3% |
| 2018 | -0.50x | CA$-31.69 Million | CA$63.50 Million | ▼ -195.3% |
| 2017 | -0.17x | CA$-9.77 Million | CA$57.80 Million | ▼ -168.0% |
| 2016 | -0.06x | CA$-3.90 Million | CA$61.90 Million | ▲ +87.6% |
| 2015 | -0.51x | CA$-25.36 Million | CA$49.72 Million | ▼ -20.2% |
| 2014 | -0.42x | CA$-20.67 Million | CA$48.72 Million | ▼ -21.7% |
| 2013 | -0.35x | CA$-17.42 Million | CA$49.96 Million | ▲ +13.9% |
| 2012 | -0.40x | CA$-28.15 Million | CA$69.55 Million | ▲ +11.1% |
| 2011 | -0.46x | CA$-33.22 Million | CA$72.94 Million | ▲ +3.8% |
| 2010 | -0.47x | CA$-29.31 Million | CA$61.91 Million | ▲ +36.0% |
| 2009 | -0.74x | CA$-26.96 Million | CA$36.43 Million | ▼ -33.0% |
| 2008 | -0.56x | CA$-26.21 Million | CA$47.11 Million | ▲ +28.9% |
| 2007 | -0.78x | CA$-31.68 Million | CA$40.50 Million | ▲ +17.6% |
| 2006 | -0.95x | CA$-42.67 Million | CA$44.95 Million | ▲ +35.6% |
| 2005 | -1.47x | CA$-76.73 Million | CA$52.06 Million | ▼ -58.4% |
| 2004 | -0.93x | CA$-78.26 Million | CA$84.08 Million | ▼ -102.7% |
| 2003 | -0.46x | CA$-42.77 Million | CA$93.13 Million | ▲ +67.9% |
| 2002 | -1.43x | CA$-126.45 Million | CA$88.29 Million | ▼ -123.8% |
| 2001 | -0.64x | CA$-54.79 Million | CA$85.60 Million | ▲ +33.0% |
| 2000 | -0.96x | CA$-39.67 Million | CA$41.52 Million | ▲ +31.2% |
| 1999 | -1.39x | CA$-45.40 Million | CA$32.69 Million | ▼ -2302.0% |
| 1998 | -0.06x | CA$-1.70 Million | CA$29.40 Million | ▲ +87.1% |
| 1997 | -0.45x | CA$-9.80 Million | CA$21.90 Million | ▲ +41.5% |
| 1996 | -0.77x | CA$-10.10 Million | CA$13.20 Million | ▲ +8.7% |
| 1995 | -0.84x | CA$-8.80 Million | CA$10.50 Million | ▼ -11665.7% |
| 1994 | 0.01x | CA$100.00K | CA$13.80 Million | ▼ -96.7% |
| 1993 | 0.22x | CA$1.88 Million | CA$8.51 Million | — |