Carlsberg A/S Financial Flexibility Index
Carlsberg A/S financial flexibility index. Carlsberg A/S (CARL-A) has a Financial Flexibility Index of 0.08x as of December 2025. Free cash flow of Dkr10.29 Billion (operating CF Dkr7.41 Billion minus capex Dkr2.88 Billion) represents 0% of total liabilities (Dkr123.28 Billion). Explore CARL-A capital expenditure intensity 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 Carlsberg A/S (2002–2025)
Financial flexibility index of Carlsberg A/S from 2002 to 2025. Historical Financial Flexibility Index trend for Carlsberg A/S across 24 annual periods. Check cash flow reinvestment rate of Carlsberg A/S to assess the company's total reinvestment commitment from operating cash flow.
Carlsberg A/S Financial Flexibility Index by Year (2002–2025)
Carlsberg A/S financial flexibility index by year from 2002 to 2025. Year-by-year free cash flow to debt coverage for Carlsberg A/S. For the full cash flow conversion analysis, see cash flow conversion of Carlsberg A/S.
| Year | Flexibility Index | Free Cash Flow (DKK) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.15x | Dkr18.64 Billion | Dkr13.04 Billion | Dkr123.28 Billion | ▼ -32.8% |
| 2024 | 0.22x | Dkr18.60 Billion | Dkr13.57 Billion | Dkr82.72 Billion | ▲ +22.1% |
| 2023 | 0.18x | Dkr15.85 Billion | Dkr11.61 Billion | Dkr86.08 Billion | ▼ -12.5% |
| 2022 | 0.21x | Dkr16.97 Billion | Dkr12.95 Billion | Dkr80.62 Billion | ▼ -6.5% |
| 2021 | 0.23x | Dkr17.48 Billion | Dkr13.26 Billion | Dkr77.63 Billion | ▲ +10.9% |
| 2020 | 0.20x | Dkr15.32 Billion | Dkr10.93 Billion | Dkr75.45 Billion | ▼ -7.0% |
| 2019 | 0.22x | Dkr16.83 Billion | Dkr12.24 Billion | Dkr77.08 Billion | ▼ -5.2% |
| 2018 | 0.23x | Dkr16.07 Billion | Dkr12.05 Billion | Dkr69.81 Billion | ▼ -6.2% |
| 2017 | 0.25x | Dkr15.89 Billion | Dkr11.83 Billion | Dkr64.73 Billion | ▲ +36.5% |
| 2016 | 0.18x | Dkr13.17 Billion | Dkr9.33 Billion | Dkr73.26 Billion | ▼ -2.3% |
| 2015 | 0.18x | Dkr14.29 Billion | Dkr10.14 Billion | Dkr77.67 Billion | ▲ +11.9% |
| 2014 | 0.16x | Dkr13.31 Billion | Dkr7.41 Billion | Dkr80.99 Billion | ▼ -12.1% |
| 2013 | 0.19x | Dkr14.89 Billion | Dkr9.08 Billion | Dkr79.64 Billion | ▲ +0.5% |
| 2012 | 0.19x | Dkr14.94 Billion | Dkr9.87 Billion | Dkr80.31 Billion | ▲ +7.4% |
| 2011 | 0.17x | Dkr13.18 Billion | Dkr8.81 Billion | Dkr76.08 Billion | ▼ -10.2% |
| 2010 | 0.19x | Dkr14.40 Billion | Dkr11.02 Billion | Dkr74.60 Billion | ▼ -19.1% |
| 2009 | 0.24x | Dkr16.79 Billion | Dkr13.63 Billion | Dkr70.37 Billion | ▲ +38.5% |
| 2008 | 0.17x | Dkr14.22 Billion | Dkr7.81 Billion | Dkr82.56 Billion | ▼ -31.8% |
| 2007 | 0.25x | Dkr10.43 Billion | Dkr4.84 Billion | Dkr41.28 Billion | ▲ +24.2% |
| 2006 | 0.20x | Dkr8.03 Billion | Dkr4.47 Billion | Dkr39.46 Billion | ▲ +10.1% |
| 2005 | 0.18x | Dkr7.92 Billion | Dkr4.73 Billion | Dkr42.86 Billion | ▲ +87.3% |
| 2004 | 0.10x | Dkr4.01 Billion | Dkr3.81 Billion | Dkr40.62 Billion | ▼ -50.4% |
| 2003 | 0.20x | Dkr5.74 Billion | Dkr4.52 Billion | Dkr28.81 Billion | ▼ -31.8% |
| 2002 | 0.29x | Dkr8.54 Billion | Dkr5.55 Billion | Dkr29.24 Billion | — |