Headwater Exploration Inc (HWX) — Cash Flow-to-Debt Ratio
Headwater Exploration Inc (HWX) has a Cash Flow-to-Debt Ratio of 0.15x as of March 2026, meaning its operating cash flow of CA$40.07 Million could theoretically repay 0% of its total liabilities (CA$272.16 Million) in one year. See Headwater Exploration Inc leverage flexibility ratio 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
Headwater Exploration Inc Cash Flow-to-Debt Ratio (1995–2025)
Historical debt coverage capacity for Headwater Exploration Inc across 31 annual periods. For the full cash flow conversion analysis, see Headwater Exploration Inc operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Headwater Exploration Inc (1995–2025)
Year-by-year debt coverage analysis for Headwater Exploration Inc. Check cash flow quality index of Headwater Exploration Inc to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 1.21x | CA$299.14 Million | CA$247.01 Million | ▼ -3.2% |
| 2024 | 1.25x | CA$316.74 Million | CA$253.18 Million | ▼ -6.9% |
| 2023 | 1.34x | CA$303.32 Million | CA$225.84 Million | ▼ -9.5% |
| 2022 | 1.48x | CA$283.93 Million | CA$191.41 Million | ▲ +20.9% |
| 2021 | 1.23x | CA$111.66 Million | CA$91.02 Million | ▲ +16784.1% |
| 2020 | 0.01x | CA$230.00K | CA$31.66 Million | ▼ -98.9% |
| 2019 | 0.63x | CA$8.86 Million | CA$13.96 Million | ▼ -27.3% |
| 2018 | 0.87x | CA$11.87 Million | CA$13.60 Million | ▲ +922.6% |
| 2017 | 0.09x | CA$1.08 Million | CA$12.62 Million | ▼ -74.2% |
| 2016 | 0.33x | CA$3.58 Million | CA$10.81 Million | ▼ -56.5% |
| 2015 | 0.76x | CA$7.80 Million | CA$10.25 Million | ▼ -28.7% |
| 2014 | 1.07x | CA$12.80 Million | CA$12.00 Million | ▲ +8.7% |
| 2013 | 0.98x | CA$9.68 Million | CA$9.86 Million | ▲ +71.3% |
| 2012 | 0.57x | CA$5.26 Million | CA$9.18 Million | ▼ -52.1% |
| 2011 | 1.20x | CA$10.63 Million | CA$8.88 Million | ▲ +121.2% |
| 2010 | 0.54x | CA$14.18 Million | CA$26.20 Million | ▼ -49.4% |
| 2009 | 1.07x | CA$32.71 Million | CA$30.59 Million | ▲ +0.7% |
| 2008 | 1.06x | CA$52.78 Million | CA$49.72 Million | ▲ +174.5% |
| 2007 | 0.39x | CA$15.38 Million | CA$39.76 Million | ▲ +1373.5% |
| 2006 | 0.03x | CA$529.00K | CA$20.15 Million | ▼ -88.5% |
| 2005 | 0.23x | CA$2.04 Million | CA$8.95 Million | ▼ -10.2% |
| 2004 | 0.25x | CA$1.47 Million | CA$5.79 Million | ▲ +266.4% |
| 2003 | 0.07x | CA$342.52K | CA$4.93 Million | ▲ +0.6% |
| 2002 | 0.07x | CA$322.16K | CA$4.67 Million | ▲ +112.3% |
| 2001 | -0.56x | CA$-1.12 Million | CA$1.99 Million | ▲ +84.3% |
| 2000 | -3.57x | CA$-487.97K | CA$136.75K | ▼ -4.3% |
| 1999 | -3.42x | CA$-1.45 Million | CA$422.94K | ▼ -1305.9% |
| 1998 | 0.28x | CA$372.77K | CA$1.31 Million | ▼ -39.5% |
| 1997 | 0.47x | CA$336.35K | CA$716.90K | ▲ +107.4% |
| 1996 | -6.37x | CA$-205.82K | CA$32.34K | ▼ -745.6% |
| 1995 | 0.99x | CA$28.19K | CA$28.59K | — |