Qantas Airways Ltd (QAN) — Financial Flexibility Index
Qantas Airways Ltd (QAN) has a Financial Flexibility Index of 0.16x as of December 2025. Free cash flow of AU$3.52 Billion (operating CF AU$1.69 Billion minus capex AU$1.84 Billion) represents 0% of total liabilities (AU$22.55 Billion). Also explore Qantas Airways Ltd (QAN) equity growth momentum to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Qantas Airways Ltd Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for Qantas Airways Ltd across 31 annual periods. Check QAN strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for Qantas Airways Ltd (1994–2025)
Year-by-year free cash flow to debt coverage for Qantas Airways Ltd. For the full company profile including market capitalisation, see market cap of Qantas Airways Ltd.
| Year | Flexibility Index | Free Cash Flow (AUD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.36x | AU$8.17 Billion | AU$4.25 Billion | AU$22.57 Billion | ▲ +21.8% |
| 2024 | 0.30x | AU$6.03 Billion | AU$3.35 Billion | AU$20.27 Billion | ▼ -20.6% |
| 2023 | 0.37x | AU$7.62 Billion | AU$5.05 Billion | AU$20.34 Billion | ▲ +107.8% |
| 2022 | 0.18x | AU$3.58 Billion | AU$2.67 Billion | AU$19.84 Billion | ▲ +820.4% |
| 2021 | 0.02x | AU$340.00 Million | AU$-407.00 Million | AU$17.36 Billion | ▼ -86.2% |
| 2020 | 0.14x | AU$2.63 Billion | AU$1.08 Billion | AU$18.50 Billion | ▼ -51.6% |
| 2019 | 0.29x | AU$5.15 Billion | AU$3.16 Billion | AU$17.52 Billion | ▼ -20.3% |
| 2018 | 0.37x | AU$5.42 Billion | AU$3.41 Billion | AU$14.69 Billion | ▲ +22.5% |
| 2017 | 0.30x | AU$4.12 Billion | AU$2.70 Billion | AU$13.68 Billion | ▼ -9.3% |
| 2016 | 0.33x | AU$4.46 Billion | AU$2.82 Billion | AU$13.45 Billion | ▲ +36.5% |
| 2015 | 0.24x | AU$3.42 Billion | AU$2.05 Billion | AU$14.08 Billion | ▲ +55.2% |
| 2014 | 0.16x | AU$2.26 Billion | AU$1.07 Billion | AU$14.45 Billion | ▼ -18.4% |
| 2013 | 0.19x | AU$2.73 Billion | AU$1.42 Billion | AU$14.19 Billion | ▼ -27.2% |
| 2012 | 0.26x | AU$4.03 Billion | AU$1.81 Billion | AU$15.29 Billion | ▼ -5.4% |
| 2011 | 0.28x | AU$4.10 Billion | AU$1.69 Billion | AU$14.71 Billion | ▲ +29.6% |
| 2010 | 0.22x | AU$3.00 Billion | AU$1.31 Billion | AU$13.93 Billion | ▲ +15.5% |
| 2009 | 0.19x | AU$2.66 Billion | AU$1.13 Billion | AU$14.28 Billion | ▼ -26.8% |
| 2008 | 0.25x | AU$3.55 Billion | AU$2.13 Billion | AU$13.97 Billion | ▼ -5.0% |
| 2007 | 0.27x | AU$3.59 Billion | AU$2.35 Billion | AU$13.41 Billion | ▼ -1.3% |
| 2006 | 0.27x | AU$3.55 Billion | AU$2.03 Billion | AU$13.10 Billion | ▼ -12.6% |
| 2005 | 0.31x | AU$3.63 Billion | AU$1.95 Billion | AU$11.71 Billion | ▼ -8.8% |
| 2004 | 0.34x | AU$3.99 Billion | AU$2.00 Billion | AU$11.73 Billion | ▼ -5.8% |
| 2003 | 0.36x | AU$4.23 Billion | AU$1.29 Billion | AU$11.71 Billion | ▲ +9.4% |
| 2002 | 0.33x | AU$3.48 Billion | AU$1.14 Billion | AU$10.55 Billion | ▲ +48.0% |
| 2001 | 0.22x | AU$2.05 Billion | AU$1.10 Billion | AU$9.20 Billion | ▼ -25.9% |
| 2000 | 0.30x | AU$2.75 Billion | AU$1.60 Billion | AU$9.14 Billion | ▲ +0.2% |
| 1999 | 0.30x | AU$2.45 Billion | AU$1.21 Billion | AU$8.17 Billion | ▲ +16.6% |
| 1998 | 0.26x | AU$1.91 Billion | AU$1.22 Billion | AU$7.40 Billion | ▲ +7.5% |
| 1997 | 0.24x | AU$1.74 Billion | AU$1.11 Billion | AU$7.24 Billion | ▲ +20.7% |
| 1995 | 0.20x | AU$1.32 Billion | AU$853.80 Million | AU$6.65 Billion | ▲ +21.9% |
| 1994 | 0.16x | AU$985.00 Million | AU$729.00 Million | AU$6.05 Billion | — |