The a2 Milk Company Ltd (A2M) — Financial Flexibility Index
The a2 Milk Company Ltd (A2M) has a Financial Flexibility Index of 0.23x as of December 2025. Free cash flow of AU$104.30 Million (operating CF AU$95.20 Million minus capex AU$9.09 Million) represents 0% of total liabilities (AU$459.58 Million). Check A2M PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
The a2 Milk Company Ltd Financial Flexibility Index (2004–2025)
Historical Financial Flexibility Index trend for The a2 Milk Company Ltd across 20 annual periods. See working capital position of The a2 Milk Company Ltd to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for The a2 Milk Company Ltd (2004–2025)
Year-by-year free cash flow to debt coverage for The a2 Milk Company Ltd. For the full company profile including market capitalisation, see The a2 Milk Company Ltd stock valuation.
| Year | Flexibility Index | Free Cash Flow (AUD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.40x | AU$205.45 Million | AU$201.48 Million | AU$511.37 Million | ▼ -29.6% |
| 2024 | 0.57x | AU$272.76 Million | AU$255.74 Million | AU$478.10 Million | ▲ +116.7% |
| 2023 | 0.26x | AU$121.69 Million | AU$111.28 Million | AU$462.21 Million | ▼ -6.4% |
| 2022 | 0.28x | AU$146.72 Million | AU$141.55 Million | AU$521.89 Million | ▼ -16.3% |
| 2021 | 0.34x | AU$96.73 Million | AU$89.42 Million | AU$288.05 Million | ▼ -75.3% |
| 2020 | 1.36x | AU$434.63 Million | AU$427.41 Million | AU$319.25 Million | ▲ +2.0% |
| 2019 | 1.33x | AU$292.43 Million | AU$289.07 Million | AU$219.12 Million | ▼ -9.2% |
| 2018 | 1.47x | AU$235.95 Million | AU$231.11 Million | AU$160.51 Million | ▲ +46.9% |
| 2017 | 1.00x | AU$102.41 Million | AU$99.94 Million | AU$102.35 Million | ▲ +227.8% |
| 2016 | 0.31x | AU$23.53 Million | AU$21.47 Million | AU$77.07 Million | ▲ +307.9% |
| 2015 | -0.15x | AU$-4.44 Million | AU$-8.07 Million | AU$30.24 Million | ▼ -178.9% |
| 2014 | 0.19x | AU$3.35 Million | AU$435.00K | AU$18.00 Million | ▼ -66.7% |
| 2013 | 0.56x | AU$6.96 Million | AU$3.65 Million | AU$12.47 Million | ▼ -32.7% |
| 2012 | 0.83x | AU$10.22 Million | AU$88.00K | AU$12.32 Million | ▲ +77.9% |
| 2011 | 0.47x | AU$3.52 Million | AU$1.44 Million | AU$7.55 Million | ▲ +124.6% |
| 2010 | -1.89x | AU$-1.90 Million | AU$-1.90 Million | AU$1.01 Million | ▼ -280.1% |
| 2008 | -0.50x | AU$-4.19 Million | AU$-4.20 Million | AU$8.43 Million | ▲ +50.4% |
| 2007 | -1.00x | AU$-5.03 Million | AU$-5.08 Million | AU$5.02 Million | ▲ +77.2% |
| 2005 | -4.39x | AU$-2.02 Million | AU$-2.04 Million | AU$459.07K | ▼ -327.7% |
| 2004 | -1.03x | AU$-1.47 Million | AU$-1.47 Million | AU$1.43 Million | — |