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 cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see FMG cash flow metrics.
Annual Financial Flexibility Index for Fortescue Ltd (1991–2025)
Year-by-year free cash flow to debt coverage for Fortescue Ltd. Explore FMG cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |