Merck KGaA (MRK) — Cash Flow-to-Debt Ratio
Merck KGaA (MRK) has a Cash Flow-to-Debt Ratio of 0.06x as of December 2025, meaning its operating cash flow of €1.29 Billion could theoretically repay 0% of its total liabilities (€23.44 Billion) in one year. See MRK free cash flow to operating cash ratio 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
Merck KGaA Cash Flow-to-Debt Ratio (2002–2025)
Historical debt coverage capacity for Merck KGaA across 24 annual periods. Also explore net asset growth rate of Merck KGaA to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Merck KGaA (2002–2025)
Year-by-year debt coverage analysis for Merck KGaA. For market capitalisation and broader financial context, see Merck KGaA (MRK) total market value.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | €3.93 Billion | €23.44 Billion | ▼ -21.1% |
| 2024 | 0.21x | €4.59 Billion | €21.58 Billion | ▲ +22.1% |
| 2023 | 0.17x | €3.78 Billion | €21.74 Billion | ▼ -8.0% |
| 2022 | 0.19x | €4.26 Billion | €22.52 Billion | ▼ -1.9% |
| 2021 | 0.19x | €4.62 Billion | €23.95 Billion | ▲ +37.4% |
| 2020 | 0.14x | €3.48 Billion | €24.78 Billion | ▲ +27.2% |
| 2019 | 0.11x | €2.86 Billion | €25.90 Billion | ▼ -2.3% |
| 2018 | 0.11x | €2.22 Billion | €19.66 Billion | ▼ -9.7% |
| 2017 | 0.13x | €2.70 Billion | €21.55 Billion | ▲ +20.2% |
| 2016 | 0.10x | €2.52 Billion | €24.20 Billion | ▲ +19.2% |
| 2015 | 0.09x | €2.20 Billion | €25.15 Billion | ▼ -54.2% |
| 2014 | 0.19x | €2.71 Billion | €14.21 Billion | ▼ -16.6% |
| 2013 | 0.23x | €2.23 Billion | €9.75 Billion | ▲ +3.7% |
| 2012 | 0.22x | €2.47 Billion | €11.23 Billion | ▲ +101.4% |
| 2011 | 0.11x | €1.27 Billion | €11.63 Billion | ▼ -26.3% |
| 2010 | 0.15x | €1.78 Billion | €12.02 Billion | ▼ -22.1% |
| 2009 | 0.19x | €1.37 Billion | €7.20 Billion | ▲ +12.1% |
| 2008 | 0.17x | €1.02 Billion | €6.02 Billion | ▼ -13.0% |
| 2007 | 0.20x | €1.22 Billion | €6.23 Billion | ▲ +3.4% |
| 2006 | 0.19x | €811.70 Million | €4.30 Billion | ▲ +2.0% |
| 2005 | 0.19x | €732.50 Million | €3.95 Billion | ▼ -8.2% |
| 2004 | 0.20x | €570.90 Million | €2.83 Billion | ▲ +24.0% |
| 2003 | 0.16x | €752.40 Million | €4.62 Billion | ▲ +110.8% |
| 2002 | 0.08x | €421.70 Million | €5.46 Billion | — |