Fortescue Ltd (FMG) — Financial Flexibility Index
Fortescue Ltd (FMG) has a Financial Flexibility Index of 0.44x as of December 2025. Free cash flow of AU$4.73 Billion (operating CF AU$3.23 Billion minus capex AU$1.50 Billion) represents 0% of total liabilities (AU$10.65 Billion). Check Fortescue Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Fortescue Ltd Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for Fortescue Ltd across 33 annual periods. See Fortescue Ltd short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Fortescue Ltd (1991–2025)
Year-by-year free cash flow to debt coverage for Fortescue Ltd. For the full company profile including market capitalisation, see FMG stock market capitalisation.
| Year | Flexibility Index | Free Cash Flow (AUD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.92x | AU$9.71 Billion | AU$6.47 Billion | AU$10.56 Billion | ▼ -9.9% |
| 2024 | 1.02x | AU$10.75 Billion | AU$7.92 Billion | AU$10.53 Billion | ▼ -20.2% |
| 2023 | 1.28x | AU$14.06 Billion | AU$11.16 Billion | AU$10.98 Billion | ▲ +21.0% |
| 2022 | 1.06x | AU$12.43 Billion | AU$9.63 Billion | AU$11.75 Billion | ▼ -40.5% |
| 2021 | 1.78x | AU$20.18 Billion | AU$16.80 Billion | AU$11.36 Billion | ▲ +72.8% |
| 2020 | 1.03x | AU$11.24 Billion | AU$9.30 Billion | AU$10.94 Billion | ▲ +86.2% |
| 2019 | 0.55x | AU$5.29 Billion | AU$4.26 Billion | AU$9.57 Billion | ▲ +120.2% |
| 2018 | 0.25x | AU$2.14 Billion | AU$1.28 Billion | AU$8.52 Billion | ▼ -50.8% |
| 2017 | 0.51x | AU$5.01 Billion | AU$4.27 Billion | AU$9.83 Billion | ▲ +102.4% |
| 2016 | 0.25x | AU$2.85 Billion | AU$2.48 Billion | AU$11.31 Billion | ▼ -0.6% |
| 2015 | 0.25x | AU$2.66 Billion | AU$2.02 Billion | AU$10.51 Billion | ▼ -55.6% |
| 2014 | 0.57x | AU$8.11 Billion | AU$6.23 Billion | AU$14.20 Billion | ▼ -7.3% |
| 2013 | 0.62x | AU$8.87 Billion | AU$2.99 Billion | AU$14.40 Billion | ▼ -21.5% |
| 2012 | 0.78x | AU$8.97 Billion | AU$2.79 Billion | AU$11.43 Billion | ▲ +21.0% |
| 2011 | 0.65x | AU$4.29 Billion | AU$2.77 Billion | AU$6.62 Billion | ▲ +31.8% |
| 2010 | 0.49x | AU$1.59 Billion | AU$1.10 Billion | AU$3.23 Billion | ▲ +13.1% |
| 2009 | 0.44x | AU$1.24 Billion | AU$466.37 Million | AU$2.84 Billion | ▲ +234.2% |
| 2008 | -0.32x | AU$-2.03 Billion | AU$-2.06 Billion | AU$6.26 Billion | ▲ +38.5% |
| 2007 | -0.53x | AU$-1.21 Billion | AU$-1.22 Billion | AU$2.30 Billion | ▲ +74.1% |
| 2006 | -2.03x | AU$-93.43 Million | AU$-95.29 Million | AU$45.97 Million | ▼ -94.5% |
| 2005 | -1.04x | AU$-36.05 Million | AU$-36.62 Million | AU$34.50 Million | ▲ +70.3% |
| 2004 | -3.52x | AU$-5.13 Million | AU$-5.38 Million | AU$1.46 Million | ▼ -366.7% |
| 2002 | 1.32x | AU$97.22K | AU$93.92K | AU$73.70K | ▼ -54.9% |
| 2001 | 2.93x | AU$517.03K | AU$325.49K | AU$176.67K | ▲ +3240.6% |
| 2000 | 0.09x | AU$24.61K | AU$-228.98K | AU$280.95K | ▲ +109.5% |
| 1998 | -0.92x | AU$-348.09K | AU$-419.61K | AU$378.63K | ▼ -158.9% |
| 1997 | 1.56x | AU$1.87 Million | AU$-130.36K | AU$1.20 Million | ▲ +650.5% |
| 1996 | -0.28x | AU$-126.72K | AU$-296.23K | AU$446.81K | ▲ +95.4% |
| 1995 | -6.11x | AU$-105.12K | AU$-254.45K | AU$17.21K | ▲ +21.9% |
| 1994 | -7.82x | AU$-565.72K | AU$-565.72K | AU$72.35K | ▼ -3800.2% |
| 1993 | -0.20x | AU$-153.57K | AU$-153.57K | AU$766.03K | ▼ -19.7% |
| 1992 | -0.17x | AU$-162.43K | AU$-162.43K | AU$970.13K | ▲ +13.0% |
| 1991 | -0.19x | AU$-168.70K | AU$-168.70K | AU$876.21K | — |