SOUTH32 Ltd (S32) — Financial Flexibility Index

Latest as of December 2025: 0.23x

SOUTH32 Ltd (S32) has a Financial Flexibility Index of 0.23x as of December 2025. Free cash flow of AU$1.06 Billion (operating CF AU$550.94 Million minus capex AU$507.15 Million) represents 0% of total liabilities (AU$4.54 Billion). Check SOUTH32 Ltd (S32) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.23x
Free Cash Flow / Total Liabilities

Free Cash Flow

AU$1.06 Billion
Operating CF − Capex

Total Liabilities

AU$4.54 Billion
AUD

Capital Expenditures

AU$507.15 Million
AUD

SOUTH32 Ltd Financial Flexibility Index (2012–2025)

Historical Financial Flexibility Index trend for SOUTH32 Ltd across 14 annual periods. For the full cash flow conversion analysis, see S32 operating cash flow.

Annual Financial Flexibility Index for SOUTH32 Ltd (2012–2025)

Year-by-year free cash flow to debt coverage for SOUTH32 Ltd. Explore SOUTH32 Ltd (S32) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (AUD) Operating CF Total Liabilities YoY Change
2025 0.48x AU$2.34 Billion AU$1.33 Billion AU$4.87 Billion ▲ +13.0%
2024 0.42x AU$2.24 Billion AU$1.12 Billion AU$5.27 Billion ▲ +5.7%
2023 0.40x AU$2.08 Billion AU$1.19 Billion AU$5.19 Billion ▼ -39.1%
2022 0.66x AU$3.67 Billion AU$3.07 Billion AU$5.56 Billion ▲ +41.7%
2021 0.47x AU$2.00 Billion AU$1.41 Billion AU$4.29 Billion ▼ -9.1%
2020 0.51x AU$2.14 Billion AU$1.36 Billion AU$4.17 Billion ▼ -8.4%
2019 0.56x AU$2.54 Billion AU$1.82 Billion AU$4.55 Billion ▲ +13.1%
2018 0.49x AU$2.19 Billion AU$1.72 Billion AU$4.42 Billion ▼ -10.2%
2017 0.55x AU$2.48 Billion AU$2.13 Billion AU$4.50 Billion ▲ +52.5%
2016 0.36x AU$1.43 Billion AU$1.03 Billion AU$3.95 Billion ▲ +40.6%
2015 0.26x AU$1.14 Billion AU$670.00 Million AU$4.45 Billion ▲ +2.8%
2014 0.25x AU$2.46 Billion AU$1.67 Billion AU$9.87 Billion ▼ -10.0%
2013 0.28x AU$2.61 Billion AU$1.43 Billion AU$9.42 Billion ▼ -36.5%
2012 0.44x AU$4.46 Billion AU$2.39 Billion AU$10.20 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities