CF Industries

Balance sheet is strong with ample liquidity. As of September 30, 2025, long‑term debt carrying amount was about 2.974 billion dollars against 1.838 billion dollars of cash and equivalents (including 233 million dollars consolidated at Blue Point), implying net debt near 1.14 billion dollars.

With trailing twelve‑month free cash flow around 1.70 billion dollars, net debt could be repaid in well under a year if management chose. The maturity ladder is long‑dated, and Fitch affirmed CF’s BBB profile in November 2025 tied to low leverage expectations and ample cash flow even while funding growth and buybacks.