Santos Ltd (STO) — Financial Flexibility Index
Santos Ltd (STO) has a Financial Flexibility Index of 0.13x as of December 2025. Free cash flow of AU$2.05 Billion (operating CF AU$1.12 Billion minus capex AU$930.22 Million) represents 0% of total liabilities (AU$16.37 Billion). Check Santos 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
Santos Ltd Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for Santos Ltd across 35 annual periods. See Santos Ltd short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Santos Ltd (1991–2025)
Year-by-year free cash flow to debt coverage for Santos Ltd. For the full company profile including market capitalisation, see Santos Ltd stock valuation.
| Year | Flexibility Index | Free Cash Flow (AUD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.28x | AU$4.65 Billion | AU$2.65 Billion | AU$16.37 Billion | ▼ -23.8% |
| 2024 | 0.37x | AU$5.25 Billion | AU$2.85 Billion | AU$14.10 Billion | ▼ -4.1% |
| 2023 | 0.39x | AU$5.63 Billion | AU$3.26 Billion | AU$14.48 Billion | ▼ -2.2% |
| 2022 | 0.40x | AU$5.57 Billion | AU$3.86 Billion | AU$14.01 Billion | ▲ +105.4% |
| 2021 | 0.19x | AU$3.38 Billion | AU$2.27 Billion | AU$17.45 Billion | ▲ +21.3% |
| 2020 | 0.16x | AU$1.66 Billion | AU$1.48 Billion | AU$10.43 Billion | ▼ -38.9% |
| 2019 | 0.26x | AU$2.30 Billion | AU$2.05 Billion | AU$8.83 Billion | ▲ +11.2% |
| 2018 | 0.23x | AU$2.31 Billion | AU$2.24 Billion | AU$9.86 Billion | ▼ -9.9% |
| 2017 | 0.26x | AU$1.71 Billion | AU$1.02 Billion | AU$6.55 Billion | ▲ +7.7% |
| 2016 | 0.24x | AU$1.98 Billion | AU$1.31 Billion | AU$8.18 Billion | ▼ -12.6% |
| 2015 | 0.28x | AU$2.36 Billion | AU$899.59 Million | AU$8.54 Billion | ▼ -31.8% |
| 2014 | 0.41x | AU$4.29 Billion | AU$1.53 Billion | AU$10.58 Billion | ▼ -25.8% |
| 2013 | 0.55x | AU$5.07 Billion | AU$1.29 Billion | AU$9.27 Billion | ▼ -12.6% |
| 2012 | 0.63x | AU$4.98 Billion | AU$1.77 Billion | AU$7.97 Billion | ▲ +24.5% |
| 2011 | 0.50x | AU$3.52 Billion | AU$1.30 Billion | AU$7.00 Billion | ▲ +5.5% |
| 2010 | 0.48x | AU$2.98 Billion | AU$1.25 Billion | AU$6.26 Billion | ▼ -29.1% |
| 2009 | 0.67x | AU$2.65 Billion | AU$1.11 Billion | AU$3.95 Billion | ▼ -1.5% |
| 2008 | 0.68x | AU$2.54 Billion | AU$1.44 Billion | AU$3.72 Billion | ▲ +7.6% |
| 2007 | 0.63x | AU$2.23 Billion | AU$1.06 Billion | AU$3.52 Billion | ▼ -20.0% |
| 2006 | 0.79x | AU$2.22 Billion | AU$1.22 Billion | AU$2.80 Billion | ▼ -0.1% |
| 2005 | 0.79x | AU$1.87 Billion | AU$1.10 Billion | AU$2.36 Billion | ▲ +36.9% |
| 2004 | 0.58x | AU$1.11 Billion | AU$475.77 Million | AU$1.92 Billion | ▼ -25.9% |
| 2003 | 0.78x | AU$1.25 Billion | AU$681.77 Million | AU$1.60 Billion | ▲ +28.2% |
| 2002 | 0.61x | AU$839.80 Million | AU$450.90 Million | AU$1.38 Billion | ▲ +7.9% |
| 2001 | 0.56x | AU$669.51 Million | AU$315.98 Million | AU$1.19 Billion | ▼ -25.6% |
| 2000 | 0.76x | AU$993.79 Million | AU$607.29 Million | AU$1.31 Billion | ▲ +158.2% |
| 1999 | 0.29x | AU$616.63 Million | AU$339.78 Million | AU$2.10 Billion | ▲ +7.7% |
| 1998 | 0.27x | AU$382.54 Million | AU$268.69 Million | AU$1.40 Billion | ▼ -8.8% |
| 1997 | 0.30x | AU$412.56 Million | AU$284.94 Million | AU$1.38 Billion | ▼ -17.5% |
| 1996 | 0.36x | AU$625.37 Million | AU$341.96 Million | AU$1.72 Billion | ▼ -8.6% |
| 1995 | 0.40x | AU$412.68 Million | AU$266.78 Million | AU$1.04 Billion | ▼ -13.4% |
| 1994 | 0.46x | AU$485.44 Million | AU$285.00 Million | AU$1.06 Billion | ▼ -5.1% |
| 1993 | 0.48x | AU$474.55 Million | AU$286.26 Million | AU$982.49 Million | ▲ +36.7% |
| 1992 | 0.35x | AU$390.81 Million | AU$257.86 Million | AU$1.11 Billion | ▲ +7.0% |
| 1991 | 0.33x | AU$397.38 Million | AU$242.28 Million | AU$1.20 Billion | — |