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). Also explore how fast is adidas AG growing its equity to track the company's year-over-year net asset growth rate.

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. Check adidas AG strategic capital allocation to assess the company's strategic physical and investment asset allocation.

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

Year-by-year free cash flow to debt coverage for adidas AG. For the full company profile including market capitalisation, see adidas AG (ADS) total market value.

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