Carlsberg A/S (CARL-B) — Financial Flexibility Index
Carlsberg A/S (CARL-B) 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). Check Carlsberg A/S 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
Carlsberg A/S Financial Flexibility Index (2002–2025)
Historical Financial Flexibility Index trend for Carlsberg A/S across 24 annual periods. For the full cash flow conversion analysis, see Carlsberg A/S cash conversion from operations.
Annual Financial Flexibility Index for Carlsberg A/S (2002–2025)
Year-by-year free cash flow to debt coverage for Carlsberg A/S. Explore Carlsberg A/S cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |