First Quantum Minerals Ltd (FM) — Cash Flow-to-Debt Ratio
First Quantum Minerals Ltd (FM) has a Cash Flow-to-Debt Ratio of 0.15x as of December 2025, meaning its operating cash flow of CA$2.08 Billion could theoretically repay 0% of its total liabilities (CA$14.07 Billion) in one year. See cash generation quality of First Quantum Minerals Ltd 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
First Quantum Minerals Ltd Cash Flow-to-Debt Ratio (1997–2025)
Historical debt coverage capacity for First Quantum Minerals Ltd across 29 annual periods. Also explore FM year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for First Quantum Minerals Ltd (1997–2025)
Year-by-year debt coverage analysis for First Quantum Minerals Ltd. For market capitalisation and broader financial context, see FM market cap.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.15x | CA$2.08 Billion | CA$13.70 Billion | ▲ +12.2% |
| 2024 | 0.14x | CA$1.65 Billion | CA$12.21 Billion | ▲ +23.0% |
| 2023 | 0.11x | CA$1.43 Billion | CA$12.98 Billion | ▼ -39.5% |
| 2022 | 0.18x | CA$2.33 Billion | CA$12.84 Billion | ▼ -13.3% |
| 2021 | 0.21x | CA$2.88 Billion | CA$13.78 Billion | ▲ +84.4% |
| 2020 | 0.11x | CA$1.61 Billion | CA$14.20 Billion | ▲ +80.0% |
| 2019 | 0.06x | CA$889.00 Million | CA$14.09 Billion | ▼ -59.1% |
| 2018 | 0.15x | CA$1.98 Billion | CA$12.81 Billion | ▲ +94.3% |
| 2017 | 0.08x | CA$914.00 Million | CA$11.49 Billion | ▼ -20.8% |
| 2016 | 0.10x | CA$923.00 Million | CA$9.20 Billion | ▼ -32.7% |
| 2015 | 0.15x | CA$1.19 Billion | CA$7.99 Billion | ▲ +55.2% |
| 2014 | 0.10x | CA$743.60 Million | CA$7.74 Billion | ▼ -29.4% |
| 2013 | 0.14x | CA$868.80 Million | CA$6.38 Billion | ▼ -34.2% |
| 2012 | 0.21x | CA$342.50 Million | CA$1.66 Billion | ▼ -43.3% |
| 2011 | 0.37x | CA$412.30 Million | CA$1.13 Billion | ▲ +2.1% |
| 2010 | 0.36x | CA$761.30 Million | CA$2.13 Billion | ▲ +7.2% |
| 2009 | 0.33x | CA$562.60 Million | CA$1.69 Billion | ▼ -43.8% |
| 2008 | 0.59x | CA$765.40 Million | CA$1.29 Billion | ▼ -3.4% |
| 2007 | 0.61x | CA$540.80 Million | CA$881.30 Million | ▼ -7.5% |
| 2006 | 0.66x | CA$549.88 Million | CA$829.11 Million | ▲ +35.5% |
| 2005 | 0.49x | CA$235.49 Million | CA$481.00 Million | ▲ +399.4% |
| 2004 | 0.10x | CA$30.69 Million | CA$313.03 Million | ▼ -53.3% |
| 2003 | 0.21x | CA$15.92 Million | CA$75.83 Million | ▲ +317.1% |
| 2002 | -0.10x | CA$-4.07 Million | CA$42.11 Million | ▼ -256.9% |
| 2001 | 0.06x | CA$6.54 Million | CA$106.05 Million | ▼ -37.7% |
| 2000 | 0.10x | CA$9.40 Million | CA$95.02 Million | ▼ -65.7% |
| 1999 | 0.29x | CA$9.91 Million | CA$34.34 Million | ▲ +969.5% |
| 1998 | -0.03x | CA$-1.43 Million | CA$43.24 Million | ▼ -14.4% |
| 1997 | -0.03x | CA$-1.05 Million | CA$36.32 Million | — |