Photon Energy N.V. (PEN) — Cash Flow-to-Debt Ratio
Photon Energy N.V. (PEN) has a Cash Flow-to-Debt Ratio of 0.03x as of December 2025, meaning its operating cash flow of zł6.23 Million could theoretically repay 0% of its total liabilities (zł218.56 Million) in one year. See cash generation quality of Photon Energy N.V. 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
Photon Energy N.V. Cash Flow-to-Debt Ratio (2011–2025)
Historical debt coverage capacity for Photon Energy N.V. across 15 annual periods. Also explore Photon Energy N.V. net asset momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Photon Energy N.V. (2011–2025)
Year-by-year debt coverage analysis for Photon Energy N.V.. For market capitalisation and broader financial context, see Photon Energy N.V. market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (PLN) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.09x | zł20.57 Million | zł218.56 Million | ▲ +39.9% |
| 2024 | 0.07x | zł14.32 Million | zł212.77 Million | ▲ +94.0% |
| 2023 | 0.03x | zł7.21 Million | zł207.92 Million | ▲ +123.4% |
| 2022 | 0.02x | zł2.85 Million | zł183.33 Million | ▼ -63.8% |
| 2021 | 0.04x | zł6.22 Million | zł145.08 Million | ▼ -8.4% |
| 2020 | 0.05x | zł5.56 Million | zł118.83 Million | ▼ -28.1% |
| 2019 | 0.07x | zł6.54 Million | zł100.42 Million | ▼ -34.9% |
| 2018 | 0.10x | zł7.65 Million | zł76.57 Million | ▲ +139.3% |
| 2017 | 0.04x | zł2.66 Million | zł63.71 Million | ▲ +29.2% |
| 2016 | 0.03x | zł2.04 Million | zł62.95 Million | ▼ -45.2% |
| 2015 | 0.06x | zł3.62 Million | zł61.41 Million | ▲ +121.2% |
| 2014 | 0.03x | zł1.74 Million | zł65.36 Million | ▲ +106.7% |
| 2013 | -0.40x | zł-25.38 Million | zł63.94 Million | ▼ -4285.3% |
| 2012 | -0.01x | zł-911.00K | zł100.66 Million | ▼ -15.5% |
| 2011 | -0.01x | zł-665.00K | zł84.84 Million | — |