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 Merck KGaA 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
Merck KGaA Cash Flow-to-Debt Ratio (2002–2025)
Historical debt coverage capacity for Merck KGaA across 24 annual periods. For the full cash flow conversion analysis, see how efficiently does Merck KGaA generate cash.
Annual Cash Flow-to-Debt Ratio for Merck KGaA (2002–2025)
Year-by-year debt coverage analysis for Merck KGaA. Check MRK cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |