Qantas Airways Ltd Financial Flexibility Index
Qantas Airways Ltd 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). See cash generation quality of Qantas Airways Ltd to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Qantas Airways Ltd (1994–2025)
Financial flexibility index of Qantas Airways Ltd from 1994 to 2025. Historical Financial Flexibility Index trend for Qantas Airways Ltd across 31 annual periods. Check earnings quality score of Qantas Airways Ltd to evaluate the quality of earnings relative to operating cash generation.
Qantas Airways Ltd Financial Flexibility Index by Year (1994–2025)
Qantas Airways Ltd financial flexibility index by year from 1994 to 2025. Year-by-year free cash flow to debt coverage for Qantas Airways Ltd. For the full cash flow conversion analysis, see Qantas Airways Ltd operating cash flow efficiency.
| 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 | — |