Havanna Holding SA (HAVA) — Financial Flexibility Index

Latest as of December 2025: 0.11x

Havanna Holding SA (HAVA) has a Financial Flexibility Index of 0.11x as of December 2025. Free cash flow of AR$7.82 Billion (operating CF AR$5.08 Billion minus capex AR$2.74 Billion) represents 0% of total liabilities (AR$74.01 Billion). Check HAVA cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.11x
Free Cash Flow / Total Liabilities

Free Cash Flow

AR$7.82 Billion
Operating CF − Capex

Total Liabilities

AR$74.01 Billion
ARS

Capital Expenditures

AR$2.74 Billion
ARS

Havanna Holding SA Financial Flexibility Index (2015–2025)

Historical Financial Flexibility Index trend for Havanna Holding SA across 11 annual periods. For the full cash flow conversion analysis, see HAVA operating cash flow.

Annual Financial Flexibility Index for Havanna Holding SA (2015–2025)

Year-by-year free cash flow to debt coverage for Havanna Holding SA. Explore Havanna Holding SA (HAVA) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (ARS) Operating CF Total Liabilities YoY Change
2025 0.32x AR$23.42 Billion AR$13.47 Billion AR$74.01 Billion ▼ -51.3%
2024 0.65x AR$48.80 Billion AR$33.76 Billion AR$75.07 Billion ▼ -28.2%
2023 0.90x AR$32.46 Billion AR$22.01 Billion AR$35.87 Billion ▼ -14.0%
2022 1.05x AR$5.09 Billion AR$3.90 Billion AR$4.84 Billion ▲ +100.7%
2021 0.52x AR$1.71 Billion AR$1.49 Billion AR$3.27 Billion ▲ +284.5%
2020 0.14x AR$340.06 Million AR$256.39 Million AR$2.49 Billion ▼ -85.5%
2019 0.94x AR$1.32 Billion AR$805.13 Million AR$1.40 Billion ▲ +37.7%
2018 0.68x AR$458.36 Million AR$286.95 Million AR$671.58 Million ▼ -34.9%
2017 1.05x AR$364.88 Million AR$255.07 Million AR$347.96 Million ▲ +143.8%
2016 0.43x AR$130.01 Million AR$72.39 Million AR$302.29 Million ▲ +0.0%
2015 0.43x AR$155.83 Million AR$84.96 Million AR$362.50 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities