Bavarian Nordic Financial Flexibility Index
Bavarian Nordic financial flexibility index. Bavarian Nordic (BAVA) has a Financial Flexibility Index of 0.31x as of December 2025. Free cash flow of Dkr644.17 Million (operating CF Dkr545.05 Million minus capex Dkr99.12 Million) represents 0% of total liabilities (Dkr2.08 Billion). Explore how much does Bavarian Nordic reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Bavarian Nordic (2001–2025)
Financial flexibility index of Bavarian Nordic from 2001 to 2025. Historical Financial Flexibility Index trend for Bavarian Nordic across 25 annual periods. Check Bavarian Nordic (BAVA) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Bavarian Nordic Financial Flexibility Index by Year (2001–2025)
Bavarian Nordic financial flexibility index by year from 2001 to 2025. Year-by-year free cash flow to debt coverage for Bavarian Nordic. For the full cash flow conversion analysis, see BAVA operating cash flow.
| Year | Flexibility Index | Free Cash Flow (DKK) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.40x | Dkr2.93 Billion | Dkr2.72 Billion | Dkr2.08 Billion | ▲ +15.7% |
| 2024 | 1.21x | Dkr3.64 Billion | Dkr1.95 Billion | Dkr3.00 Billion | ▲ +132.3% |
| 2023 | 0.52x | Dkr2.10 Billion | Dkr1.12 Billion | Dkr4.01 Billion | ▲ +71.0% |
| 2022 | 0.31x | Dkr1.60 Billion | Dkr220.05 Million | Dkr5.24 Billion | ▲ +105.8% |
| 2021 | 0.15x | Dkr699.95 Million | Dkr-358.50 Million | Dkr4.71 Billion | ▼ -55.1% |
| 2020 | 0.33x | Dkr1.28 Billion | Dkr571.91 Million | Dkr3.86 Billion | ▼ -28.4% |
| 2019 | 0.46x | Dkr2.40 Billion | Dkr-275.91 Million | Dkr5.18 Billion | ▲ +631.4% |
| 2018 | -0.09x | Dkr-76.57 Million | Dkr-288.53 Million | Dkr880.31 Million | ▼ -119.1% |
| 2017 | 0.46x | Dkr294.76 Million | Dkr216.06 Million | Dkr646.37 Million | ▲ +2.4% |
| 2016 | 0.45x | Dkr359.12 Million | Dkr267.60 Million | Dkr806.46 Million | ▲ +74.3% |
| 2015 | 0.26x | Dkr165.24 Million | Dkr105.32 Million | Dkr646.78 Million | ▼ -63.5% |
| 2014 | 0.70x | Dkr444.74 Million | Dkr338.75 Million | Dkr635.17 Million | ▲ +10.2% |
| 2013 | 0.64x | Dkr302.52 Million | Dkr147.08 Million | Dkr475.92 Million | ▲ +425.1% |
| 2012 | 0.12x | Dkr65.31 Million | Dkr20.10 Million | Dkr539.50 Million | ▲ +128.4% |
| 2011 | -0.43x | Dkr-327.60 Million | Dkr-375.24 Million | Dkr768.99 Million | ▼ -57.1% |
| 2010 | -0.27x | Dkr-178.02 Million | Dkr-239.86 Million | Dkr656.69 Million | ▲ +60.4% |
| 2009 | -0.68x | Dkr-388.12 Million | Dkr-484.14 Million | Dkr566.89 Million | ▼ -553.4% |
| 2008 | 0.15x | Dkr102.55 Million | Dkr22.41 Million | Dkr679.13 Million | ▼ -58.1% |
| 2007 | 0.36x | Dkr185.43 Million | Dkr163.16 Million | Dkr514.39 Million | ▲ +178.1% |
| 2006 | -0.46x | Dkr-121.35 Million | Dkr-194.49 Million | Dkr263.02 Million | ▼ -231.1% |
| 2005 | 0.35x | Dkr105.01 Million | Dkr-58.21 Million | Dkr298.46 Million | ▼ -11.4% |
| 2004 | 0.40x | Dkr113.87 Million | Dkr-76.63 Million | Dkr286.71 Million | ▲ +13385.1% |
| 2003 | 0.00x | Dkr242.00K | Dkr209.27K | Dkr82.17 Million | ▲ +109.7% |
| 2002 | -0.03x | Dkr-3.67 Million | Dkr-13.71 Million | Dkr121.26 Million | ▲ +99.4% |
| 2001 | -4.93x | Dkr-87.43 Million | Dkr-93.12 Million | Dkr17.73 Million | — |