Bavarian Nordic (BAVA) — 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). Check BAVA cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Bavarian Nordic Financial Flexibility Index (2001–2025)
Historical Financial Flexibility Index trend for Bavarian Nordic across 25 annual periods. For the full cash flow conversion analysis, see Bavarian Nordic cash flow conversion.
Annual Financial Flexibility Index for Bavarian Nordic (2001–2025)
Year-by-year free cash flow to debt coverage for Bavarian Nordic. Explore BAVA debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| 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 | — |