Rheinmetall AG (RHM) — Financial Flexibility Index

Latest as of December 2025: 0.25x

Rheinmetall AG (RHM) has a Financial Flexibility Index of 0.25x as of December 2025. Free cash flow of €2.78 Billion (operating CF €2.50 Billion minus capex €274.00 Million) represents 0% of total liabilities (€11.16 Billion). Check Rheinmetall AG cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.25x
Free Cash Flow / Total Liabilities

Free Cash Flow

€2.78 Billion
Operating CF − Capex

Total Liabilities

€11.16 Billion
EUR

Capital Expenditures

€274.00 Million
EUR

Rheinmetall AG Financial Flexibility Index (2013–2025)

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

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

Year-by-year free cash flow to debt coverage for Rheinmetall AG. Explore RHM debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.28x €3.16 Billion €2.29 Billion €11.16 Billion ▲ +14.1%
2024 0.25x €2.45 Billion €1.72 Billion €9.88 Billion ▲ +75.4%
2023 0.14x €1.14 Billion €743.00 Million €8.06 Billion ▲ +35.4%
2022 0.10x €523.00 Million €174.00 Million €5.01 Billion ▼ -44.4%
2021 0.19x €961.00 Million €690.00 Million €5.11 Billion ▲ +42.0%
2020 0.13x €690.00 Million €453.00 Million €5.21 Billion ▼ -23.5%
2019 0.17x €890.00 Million €602.00 Million €5.14 Billion ▲ +52.9%
2018 0.11x €519.00 Million €242.00 Million €4.59 Billion ▼ -41.3%
2017 0.19x €816.00 Million €546.00 Million €4.23 Billion ▲ +15.2%
2016 0.17x €727.00 Million €444.00 Million €4.34 Billion ▲ +7.5%
2015 0.16x €649.00 Million €339.00 Million €4.17 Billion ▲ +64.3%
2014 0.09x €386.00 Million €102.00 Million €4.07 Billion ▼ -16.9%
2013 0.11x €402.00 Million €211.00 Million €3.53 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities