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 STO capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see STO cash generation efficiency.
Annual Financial Flexibility Index for Santos Ltd (1991–2025)
Year-by-year free cash flow to debt coverage for Santos Ltd. Explore debt repayment capacity of Santos Ltd to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (AUD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.28x | 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 | — |