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 Photon Energy N.V. (PEN) 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
Photon Energy N.V. Cash Flow-to-Debt Ratio (2011–2025)
Historical debt coverage capacity for Photon Energy N.V. across 15 annual periods. For the full cash flow conversion analysis, see Photon Energy N.V. (PEN) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Photon Energy N.V. (2011–2025)
Year-by-year debt coverage analysis for Photon Energy N.V.. Check how high is Photon Energy N.V.'s earnings quality to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |