adidas AG (ADS) — Financial Flexibility Index

Latest as of March 2026: -0.02x

adidas AG (ADS) has a Financial Flexibility Index of -0.02x as of March 2026. Free cash flow of €-278.00 Million (operating CF €-350.00 Million minus capex €72.00 Million) represents 0% of total liabilities (€14.11 Billion). Check ADS total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

-0.02x
Free Cash Flow / Total Liabilities

Free Cash Flow

€-278.00 Million
Operating CF − Capex

Total Liabilities

€14.11 Billion
EUR

Capital Expenditures

€72.00 Million
EUR

adidas AG Financial Flexibility Index (2013–2025)

Historical Financial Flexibility Index trend for adidas AG across 13 annual periods. For the full cash flow conversion analysis, see adidas AG cash flow conversion.

Annual Financial Flexibility Index for adidas AG (2013–2025)

Year-by-year free cash flow to debt coverage for adidas AG. Explore adidas AG cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.09x €1.23 Billion €751.00 Million €14.14 Billion ▼ -62.8%
2024 0.23x €3.45 Billion €2.91 Billion €14.79 Billion ▲ +0.0%
2023 0.23x €3.05 Billion €2.55 Billion €13.10 Billion ▲ +9037.1%
2022 0.00x €-39.00 Million €-543.00 Million €14.95 Billion ▼ -101.0%
2021 0.26x €3.69 Billion €3.19 Billion €14.30 Billion ▲ +99.7%
2020 0.13x €1.85 Billion €1.49 Billion €14.36 Billion ▼ -48.5%
2019 0.25x €3.42 Billion €2.82 Billion €13.62 Billion ▼ -29.6%
2018 0.36x €3.30 Billion €2.69 Billion €9.25 Billion ▲ +24.0%
2017 0.29x €2.33 Billion €1.65 Billion €8.09 Billion ▲ +25.5%
2016 0.23x €2.00 Billion €1.35 Billion €8.72 Billion ▲ +13.5%
2015 0.20x €1.55 Billion €1.09 Billion €7.70 Billion ▲ +14.4%
2014 0.18x €1.20 Billion €701.00 Million €6.80 Billion ▲ +2.2%
2013 0.17x €1.06 Billion €634.00 Million €6.12 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities