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 HWX free cash flow to operating cash ratio 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
Headwater Exploration Inc Cash Flow-to-Debt Ratio (1995–2025)
Historical debt coverage capacity for Headwater Exploration Inc across 31 annual periods. Also explore net asset momentum of Headwater Exploration Inc to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Headwater Exploration Inc (1995–2025)
Year-by-year debt coverage analysis for Headwater Exploration Inc. For market capitalisation and broader financial context, see market cap of Headwater Exploration Inc.
| 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 | — |