Manulife Financial Corp (MFC) — Cash Flow-to-Debt Ratio
Manulife Financial Corp (MFC) has a Cash Flow-to-Debt Ratio of 0.01x as of December 2025, meaning its operating cash flow of CA$8.61 Billion could theoretically repay 0% of its total liabilities (CA$972.95 Billion) in one year. See financial flexibility index of Manulife Financial Corp 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
Manulife Financial Corp Cash Flow-to-Debt Ratio (1998–2025)
Historical debt coverage capacity for Manulife Financial Corp across 28 annual periods. For the full cash flow conversion analysis, see Manulife Financial Corp cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for Manulife Financial Corp (1998–2025)
Year-by-year debt coverage analysis for Manulife Financial Corp. Check MFC cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.03x | CA$32.10 Billion | CA$972.95 Billion | ▲ +15.3% |
| 2024 | 0.03x | CA$26.49 Billion | CA$925.86 Billion | ▲ +15.9% |
| 2023 | 0.02x | CA$20.42 Billion | CA$826.85 Billion | ▲ +17.7% |
| 2022 | 0.02x | CA$16.63 Billion | CA$792.56 Billion | ▼ -22.2% |
| 2021 | 0.03x | CA$23.16 Billion | CA$858.77 Billion | ▲ +11.3% |
| 2020 | 0.02x | CA$20.05 Billion | CA$827.34 Billion | ▼ -98.4% |
| 2019 | 1.51x | CA$20.54 Billion | CA$13.63 Billion | ▲ +5420.6% |
| 2018 | 0.03x | CA$19.19 Billion | CA$703.12 Billion | ▲ +5.4% |
| 2017 | 0.03x | CA$17.79 Billion | CA$687.37 Billion | ▲ +3.1% |
| 2016 | 0.03x | CA$17.02 Billion | CA$677.86 Billion | ▲ +60.4% |
| 2015 | 0.02x | CA$10.37 Billion | CA$662.71 Billion | ▼ -21.0% |
| 2014 | 0.02x | CA$10.81 Billion | CA$545.48 Billion | ▲ +1.0% |
| 2013 | 0.02x | CA$9.50 Billion | CA$484.60 Billion | ▼ -16.4% |
| 2012 | 0.02x | CA$10.79 Billion | CA$459.96 Billion | ▼ -5.6% |
| 2011 | 0.02x | CA$10.87 Billion | CA$437.22 Billion | ▼ -59.0% |
| 2010 | 0.06x | CA$11.56 Billion | CA$190.80 Billion | ▼ -11.2% |
| 2009 | 0.07x | CA$12.02 Billion | CA$176.23 Billion | ▲ +58.1% |
| 2008 | 0.04x | CA$7.92 Billion | CA$183.57 Billion | ▼ -8.4% |
| 2007 | 0.05x | CA$7.16 Billion | CA$151.98 Billion | ▲ +13.1% |
| 2006 | 0.04x | CA$6.68 Billion | CA$160.31 Billion | ▼ -11.1% |
| 2005 | 0.05x | CA$7.40 Billion | CA$157.84 Billion | ▲ +36.8% |
| 2004 | 0.03x | CA$5.47 Billion | CA$159.76 Billion | ▼ -13.5% |
| 2003 | 0.04x | CA$2.66 Billion | CA$67.22 Billion | ▲ +32.1% |
| 2002 | 0.03x | CA$2.14 Billion | CA$71.39 Billion | ▲ +171.4% |
| 2001 | -0.04x | CA$-2.91 Billion | CA$69.26 Billion | ▼ -214.0% |
| 2000 | 0.04x | CA$1.91 Billion | CA$51.88 Billion | ▼ -38.0% |
| 1999 | 0.06x | CA$2.91 Billion | CA$48.92 Billion | ▲ +25008.3% |
| 1998 | 0.00x | CA$-10.91 Million | CA$45.69 Billion | — |