Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) — Cash Flow-to-Debt Ratio
Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has a Cash Flow-to-Debt Ratio of 0.18x as of March 2026, meaning its operating cash flow of zł750.27 Million could theoretically repay 0% of its total liabilities (zł4.11 Billion) in one year. See financial agility of Grupa Azoty Zaklady Azotowe Pulawy SA 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
Grupa Azoty Zaklady Azotowe Pulawy SA Cash Flow-to-Debt Ratio (2004–2025)
Historical debt coverage capacity for Grupa Azoty Zaklady Azotowe Pulawy SA across 22 annual periods. For the full cash flow conversion analysis, see ZAP operating cash flow.
Annual Cash Flow-to-Debt Ratio for Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2025)
Year-by-year debt coverage analysis for Grupa Azoty Zaklady Azotowe Pulawy SA. Check ZAP cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (PLN) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.89x | zł3.00 Billion | zł3.36 Billion | ▲ +28.3% |
| 2024 | 0.70x | zł2.49 Billion | zł3.58 Billion | ▼ -0.3% |
| 2023 | 0.70x | zł2.49 Billion | zł3.57 Billion | ▲ +4.9% |
| 2022 | 0.67x | zł2.29 Billion | zł3.45 Billion | ▲ +8.3% |
| 2021 | 0.61x | zł2.17 Billion | zł3.53 Billion | ▲ +95.5% |
| 2020 | 0.31x | zł610.15 Million | zł1.94 Billion | ▼ -25.7% |
| 2019 | 0.42x | zł675.80 Million | zł1.60 Billion | ▲ +40.6% |
| 2018 | 0.30x | zł363.43 Million | zł1.21 Billion | ▼ -38.3% |
| 2017 | 0.49x | zł519.31 Million | zł1.06 Billion | ▼ -17.2% |
| 2016 | 0.59x | zł529.80 Million | zł899.32 Million | ▼ -30.2% |
| 2015 | 0.84x | zł688.99 Million | zł816.23 Million | ▲ +117.3% |
| 2014 | 0.39x | zł316.27 Million | zł814.33 Million | ▼ -7.3% |
| 2013 | 0.42x | zł311.52 Million | zł743.54 Million | ▼ -32.7% |
| 2012 | 0.62x | zł461.27 Million | zł741.30 Million | ▼ -42.5% |
| 2011 | 1.08x | zł820.35 Million | zł758.00 Million | ▲ +24.1% |
| 2010 | 0.87x | zł498.87 Million | zł572.18 Million | ▲ +3129.9% |
| 2009 | 0.03x | zł10.65 Million | zł394.46 Million | ▼ -96.1% |
| 2008 | 0.69x | zł292.96 Million | zł427.50 Million | ▼ -4.5% |
| 2007 | 0.72x | zł320.07 Million | zł445.88 Million | ▼ -8.6% |
| 2006 | 0.79x | zł335.98 Million | zł427.65 Million | ▲ +113.3% |
| 2005 | 0.37x | zł156.41 Million | zł424.65 Million | ▼ -14.1% |
| 2004 | 0.43x | zł197.92 Million | zł461.36 Million | — |