Waste Connections Inc (WCN) — Cash Flow-to-Debt Ratio
Waste Connections Inc (WCN) has a Cash Flow-to-Debt Ratio of 0.19x as of December 2025, meaning its operating cash flow of CA$2.41 Billion could theoretically repay 0% of its total liabilities (CA$12.88 Billion) in one year. See WCN free cash flow generation 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
Waste Connections Inc Cash Flow-to-Debt Ratio (1997–2025)
Historical debt coverage capacity for Waste Connections Inc across 29 annual periods. Also explore Waste Connections Inc net asset momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Waste Connections Inc (1997–2025)
Year-by-year debt coverage analysis for Waste Connections Inc. For market capitalisation and broader financial context, see market cap of Waste Connections Inc.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | CA$2.41 Billion | CA$12.88 Billion | ▲ +0.5% |
| 2024 | 0.19x | CA$2.23 Billion | CA$11.96 Billion | ▼ -10.4% |
| 2023 | 0.21x | CA$2.13 Billion | CA$10.22 Billion | ▲ +3.1% |
| 2022 | 0.20x | CA$2.02 Billion | CA$10.02 Billion | ▼ -8.4% |
| 2021 | 0.22x | CA$1.70 Billion | CA$7.71 Billion | ▲ +11.5% |
| 2020 | 0.20x | CA$1.41 Billion | CA$7.13 Billion | ▼ -12.8% |
| 2019 | 0.23x | CA$1.54 Billion | CA$6.80 Billion | ▼ -1.0% |
| 2018 | 0.23x | CA$1.41 Billion | CA$6.17 Billion | ▲ +10.6% |
| 2017 | 0.21x | CA$1.19 Billion | CA$5.74 Billion | ▲ +44.0% |
| 2016 | 0.14x | CA$795.31 Million | CA$5.54 Billion | ▼ -22.1% |
| 2015 | 0.18x | CA$577.00 Million | CA$3.13 Billion | ▲ +2.0% |
| 2014 | 0.18x | CA$545.22 Million | CA$3.02 Billion | ▲ +12.6% |
| 2013 | 0.16x | CA$484.06 Million | CA$3.02 Billion | ▲ +23.1% |
| 2012 | 0.13x | CA$416.33 Million | CA$3.19 Billion | ▼ -35.2% |
| 2011 | 0.20x | CA$388.17 Million | CA$1.93 Billion | ▼ -5.3% |
| 2010 | 0.21x | CA$328.40 Million | CA$1.55 Billion | ▲ +2.4% |
| 2009 | 0.21x | CA$303.64 Million | CA$1.46 Billion | ▲ +3.2% |
| 2008 | 0.20x | CA$270.41 Million | CA$1.35 Billion | ▲ +8.0% |
| 2007 | 0.19x | CA$219.07 Million | CA$1.18 Billion | ▼ -8.0% |
| 2006 | 0.20x | CA$204.23 Million | CA$1.01 Billion | ▼ -5.7% |
| 2005 | 0.21x | CA$199.81 Million | CA$931.75 Million | ▼ -9.3% |
| 2004 | 0.24x | CA$179.62 Million | CA$759.54 Million | ▲ +25.5% |
| 2003 | 0.19x | CA$157.22 Million | CA$834.53 Million | ▲ +15.9% |
| 2002 | 0.16x | CA$127.92 Million | CA$787.09 Million | ▲ +8.0% |
| 2001 | 0.15x | CA$87.20 Million | CA$579.56 Million | ▲ +33.1% |
| 2000 | 0.11x | CA$53.78 Million | CA$475.90 Million | ▲ +105.8% |
| 1999 | 0.05x | CA$21.90 Million | CA$398.80 Million | ▼ -20.6% |
| 1998 | 0.07x | CA$6.10 Million | CA$88.20 Million | ▼ -68.1% |
| 1997 | 0.22x | CA$2.60 Million | CA$12.00 Million | — |