Westpac Banking Corporation (WBC) — Financial Flexibility Index
Westpac Banking Corporation (WBC) has a Financial Flexibility Index of 0.01x as of March 2026. Free cash flow of AU$11.27 Billion (operating CF AU$11.15 Billion minus capex AU$115.00 Million) represents 0% of total liabilities (AU$1.10 Trillion). Check Westpac Banking Corporation investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Westpac Banking Corporation Financial Flexibility Index (1990–2025)
Historical Financial Flexibility Index trend for Westpac Banking Corporation across 42 annual periods. For the full cash flow conversion analysis, see WBC cash flow metrics.
Annual Financial Flexibility Index for Westpac Banking Corporation (1990–2025)
Year-by-year free cash flow to debt coverage for Westpac Banking Corporation. Explore Westpac Banking Corporation (WBC) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (AUD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.01x | AU$14.30 Billion | AU$13.93 Billion | AU$1.05 Trillion | ▲ +2055.2% |
| 2024 | 0.00x | AU$-698.00 Million | AU$-933.00 Million | AU$1.01 Trillion | ▲ +98.1% |
| 2023 | -0.04x | AU$-35.25 Billion | AU$-35.49 Billion | AU$957.24 Billion | ▼ -93.8% |
| 2022 | -0.02x | AU$-17.93 Billion | AU$-18.10 Billion | AU$943.69 Billion | ▼ -197.1% |
| 2021 | 0.02x | AU$16.91 Billion | AU$16.67 Billion | AU$863.78 Billion | ▼ -44.9% |
| 2020 | 0.04x | AU$29.98 Billion | AU$29.74 Billion | AU$843.87 Billion | ▲ +376.5% |
| 2019 | 0.01x | AU$6.27 Billion | AU$5.99 Billion | AU$841.12 Billion | ▲ +257.9% |
| 2018 | 0.00x | AU$-3.85 Billion | AU$-4.16 Billion | AU$815.02 Billion | ▼ -27.1% |
| 2017 | 0.00x | AU$-2.88 Billion | AU$-4.50 Billion | AU$774.34 Billion | ▼ -110.8% |
| 2017 | 0.03x | AU$30.32 Billion | AU$29.27 Billion | AU$883.58 Billion | ▲ +235.9% |
| 2017 | -0.03x | AU$-19.96 Billion | AU$-20.23 Billion | AU$790.53 Billion | ▼ -380.2% |
| 2016 | 0.01x | AU$6.66 Billion | AU$5.38 Billion | AU$738.90 Billion | ▼ -64.4% |
| 2016 | 0.03x | AU$20.98 Billion | AU$20.04 Billion | AU$827.64 Billion | ▲ +160.4% |
| 2016 | -0.04x | AU$-32.75 Billion | AU$-33.27 Billion | AU$781.02 Billion | ▼ -866.7% |
| 2015 | 0.00x | AU$-3.09 Billion | AU$-4.46 Billion | AU$712.28 Billion | ▼ -117.2% |
| 2015 | 0.03x | AU$19.48 Billion | AU$18.46 Billion | AU$773.54 Billion | ▲ +327.6% |
| 2015 | -0.01x | AU$-8.39 Billion | AU$-9.07 Billion | AU$758.24 Billion | ▼ -489.0% |
| 2014 | 0.00x | AU$2.08 Billion | AU$1.09 Billion | AU$730.61 Billion | ▲ +138.4% |
| 2014 | -0.01x | AU$-5.34 Billion | AU$-5.86 Billion | AU$721.50 Billion | ▼ -229.8% |
| 2013 | 0.01x | AU$3.73 Billion | AU$3.42 Billion | AU$653.56 Billion | ▲ +132.8% |
| 2012 | -0.02x | AU$-10.58 Billion | AU$-10.84 Billion | AU$609.06 Billion | ▼ -0.1% |
| 2011 | -0.02x | AU$-10.87 Billion | AU$-12.01 Billion | AU$626.42 Billion | ▼ -847.6% |
| 2010 | 0.00x | AU$1.34 Billion | AU$468.00 Million | AU$578.16 Billion | ▼ -94.0% |
| 2009 | 0.04x | AU$21.34 Billion | AU$20.76 Billion | AU$553.02 Billion | ▲ +258.5% |
| 2008 | -0.02x | AU$-10.22 Billion | AU$-10.73 Billion | AU$419.78 Billion | ▼ -890.9% |
| 2007 | 0.00x | AU$-877.00 Million | AU$-1.27 Billion | AU$356.99 Billion | ▼ -19.5% |
| 2006 | 0.00x | AU$-583.00 Million | AU$-1.03 Billion | AU$283.48 Billion | ▼ -110.2% |
| 2005 | 0.02x | AU$4.91 Billion | AU$4.57 Billion | AU$242.91 Billion | ▼ -20.0% |
| 2004 | 0.03x | AU$5.78 Billion | AU$5.49 Billion | AU$228.68 Billion | ▼ -18.4% |
| 2003 | 0.03x | AU$6.42 Billion | AU$6.09 Billion | AU$207.37 Billion | ▲ +38.0% |
| 2002 | 0.02x | AU$4.05 Billion | AU$3.77 Billion | AU$180.59 Billion | ▲ +2.3% |
| 2001 | 0.02x | AU$3.95 Billion | AU$3.65 Billion | AU$180.18 Billion | ▲ +34.1% |
| 2000 | 0.02x | AU$2.59 Billion | AU$2.17 Billion | AU$158.36 Billion | ▲ +148.5% |
| 1999 | 0.01x | AU$863.21 Million | AU$501.19 Million | AU$131.25 Billion | ▼ -64.5% |
| 1998 | 0.02x | AU$2.39 Billion | AU$1.99 Billion | AU$128.82 Billion | ▲ +535.6% |
| 1997 | 0.00x | AU$322.72 Million | AU$4.96 Million | AU$110.65 Billion | ▼ -70.7% |
| 1996 | 0.01x | AU$1.13 Billion | AU$1.13 Billion | AU$113.92 Billion | ▼ -73.0% |
| 1994 | 0.04x | AU$3.19 Billion | AU$3.05 Billion | AU$86.55 Billion | ▲ +204.4% |
| 1993 | 0.01x | AU$1.19 Billion | AU$1.08 Billion | AU$97.87 Billion | ▼ -49.8% |
| 1992 | 0.02x | AU$2.50 Billion | AU$2.39 Billion | AU$103.81 Billion | ▲ +399.7% |
| 1991 | 0.00x | AU$476.71 Million | AU$476.71 Million | AU$98.85 Billion | ▼ -88.0% |
| 1990 | 0.04x | AU$4.03 Billion | AU$3.46 Billion | AU$100.28 Billion | — |