Polski Koncern Naftowy ORLEN SA (PKN) — Cash Flow-to-Debt Ratio
Polski Koncern Naftowy ORLEN SA (PKN) has a Cash Flow-to-Debt Ratio of 0.11x as of December 2025, meaning its operating cash flow of zł12.91 Billion could theoretically repay 0% of its total liabilities (zł120.50 Billion) in one year. See PKN financial 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
Polski Koncern Naftowy ORLEN SA Cash Flow-to-Debt Ratio (2004–2025)
Historical debt coverage capacity for Polski Koncern Naftowy ORLEN SA across 22 annual periods. For the full cash flow conversion analysis, see Polski Koncern Naftowy ORLEN SA operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Polski Koncern Naftowy ORLEN SA (2004–2025)
Year-by-year debt coverage analysis for Polski Koncern Naftowy ORLEN SA. Check how high is Polski Koncern Naftowy ORLEN SA'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 | 0.40x | zł47.22 Billion | zł119.09 Billion | ▲ +18.5% |
| 2024 | 0.33x | zł36.63 Billion | zł109.48 Billion | ▼ -11.4% |
| 2023 | 0.38x | zł41.91 Billion | zł111.00 Billion | ▲ +65.2% |
| 2022 | 0.23x | zł30.95 Billion | zł135.37 Billion | ▼ -6.8% |
| 2021 | 0.25x | zł13.29 Billion | zł54.18 Billion | ▲ +40.4% |
| 2020 | 0.17x | zł7.25 Billion | zł41.45 Billion | ▼ -38.8% |
| 2019 | 0.29x | zł9.32 Billion | zł32.59 Billion | ▲ +63.1% |
| 2018 | 0.18x | zł4.98 Billion | zł28.40 Billion | ▼ -44.6% |
| 2017 | 0.32x | zł8.05 Billion | zł25.45 Billion | ▼ -10.9% |
| 2016 | 0.36x | zł9.33 Billion | zł26.27 Billion | ▲ +58.5% |
| 2015 | 0.22x | zł5.35 Billion | zł23.89 Billion | ▲ +85.2% |
| 2014 | 0.12x | zł3.19 Billion | zł26.34 Billion | ▼ -48.6% |
| 2013 | 0.24x | zł5.67 Billion | zł24.09 Billion | ▲ +85.3% |
| 2012 | 0.13x | zł3.09 Billion | zł24.32 Billion | ▲ +1432.5% |
| 2011 | 0.01x | zł264.64 Million | zł31.93 Billion | ▼ -96.0% |
| 2010 | 0.21x | zł5.56 Billion | zł26.91 Billion | ▲ +25.9% |
| 2009 | 0.16x | zł4.50 Billion | zł27.38 Billion | ▲ +42.2% |
| 2008 | 0.12x | zł3.05 Billion | zł26.44 Billion | ▲ +100.4% |
| 2007 | 0.06x | zł1.36 Billion | zł23.53 Billion | ▼ -60.6% |
| 2006 | 0.15x | zł3.49 Billion | zł23.84 Billion | ▼ -41.0% |
| 2005 | 0.25x | zł3.50 Billion | zł14.09 Billion | ▼ -50.3% |
| 2004 | 0.50x | zł3.62 Billion | zł7.24 Billion | — |