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 Waste Connections Inc (WCN) financial flexibility 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
Waste Connections Inc Cash Flow-to-Debt Ratio (1997–2025)
Historical debt coverage capacity for Waste Connections Inc across 29 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Waste Connections Inc.
Annual Cash Flow-to-Debt Ratio for Waste Connections Inc (1997–2025)
Year-by-year debt coverage analysis for Waste Connections Inc. Check WCN operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | 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 | — |