Kernel Holding SA (KER) — Cash Flow-to-Debt Ratio
Kernel Holding SA (KER) has a Cash Flow-to-Debt Ratio of -0.15x as of December 2025, meaning its operating cash flow of zł-175.51 Million could theoretically repay 0% of its total liabilities (zł1.19 Billion) in one year. See Kernel Holding SA (KER) flexibility index 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
Kernel Holding SA Cash Flow-to-Debt Ratio (2005–2024)
Historical debt coverage capacity for Kernel Holding SA across 20 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Kernel Holding SA.
Annual Cash Flow-to-Debt Ratio for Kernel Holding SA (2005–2024)
Year-by-year debt coverage analysis for Kernel Holding SA. Check earnings quality score of Kernel Holding SA to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (PLN) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.31x | zł472.14 Million | zł1.53 Billion | ▼ -7.8% |
| 2023 | 0.33x | zł716.13 Million | zł2.14 Billion | ▲ +373.7% |
| 2022 | -0.12x | zł-305.46 Million | zł2.50 Billion | ▼ -150.9% |
| 2021 | 0.24x | zł459.84 Million | zł1.91 Billion | ▲ +49.0% |
| 2020 | 0.16x | zł269.36 Million | zł1.67 Billion | ▼ -9.3% |
| 2019 | 0.18x | zł198.65 Million | zł1.12 Billion | ▲ +122.6% |
| 2018 | 0.08x | zł82.48 Million | zł1.03 Billion | ▼ -12.2% |
| 2017 | 0.09x | zł77.41 Million | zł851.47 Million | ▼ -65.2% |
| 2016 | 0.26x | zł133.72 Million | zł512.30 Million | ▼ -62.9% |
| 2015 | 0.70x | zł404.72 Million | zł574.77 Million | ▲ +658.5% |
| 2014 | 0.09x | zł82.47 Million | zł888.34 Million | ▼ -68.4% |
| 2013 | 0.29x | zł297.67 Million | zł1.01 Billion | ▲ +1210.8% |
| 2012 | -0.03x | zł-23.99 Million | zł908.33 Million | ▼ -126.6% |
| 2011 | 0.10x | zł56.15 Million | zł564.60 Million | ▼ -39.0% |
| 2010 | 0.16x | zł84.80 Million | zł519.88 Million | ▼ -56.8% |
| 2009 | 0.38x | zł129.29 Million | zł342.24 Million | ▲ +194.8% |
| 2008 | -0.40x | zł-125.62 Million | zł315.19 Million | ▼ -778.3% |
| 2007 | 0.06x | zł11.59 Million | zł197.32 Million | ▲ +121.9% |
| 2006 | -0.27x | zł-29.05 Million | zł108.27 Million | ▼ -275.7% |
| 2005 | -0.07x | zł-5.30 Million | zł74.27 Million | — |