SES S.A (SES) — Financial Flexibility Index
SES S.A (SES) has a Financial Flexibility Index of 0.14x as of December 2025. Free cash flow of €1.46 Billion (operating CF €908.00 Million minus capex €548.00 Million) represents 0% of total liabilities (€10.66 Billion). Check SES cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
SES S.A Financial Flexibility Index (2016–2025)
Historical Financial Flexibility Index trend for SES S.A across 10 annual periods. For the full cash flow conversion analysis, see SES cash generation efficiency.
Annual Financial Flexibility Index for SES S.A (2016–2025)
Year-by-year free cash flow to debt coverage for SES S.A. Explore SES S.A cash flow to debt 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 | 0.14x | €1.46 Billion | €908.00 Million | €10.66 Billion | ▼ -28.7% |
| 2024 | 0.19x | €1.31 Billion | €1.01 Billion | €6.83 Billion | ▼ -68.3% |
| 2023 | 0.60x | €3.88 Billion | €3.48 Billion | €6.43 Billion | ▲ +50.6% |
| 2022 | 0.40x | €2.79 Billion | €1.48 Billion | €6.95 Billion | ▲ +91.8% |
| 2021 | 0.21x | €1.54 Billion | €1.29 Billion | €7.35 Billion | ▲ +19.1% |
| 2020 | 0.18x | €1.22 Billion | €1.05 Billion | €6.95 Billion | ▼ -13.3% |
| 2019 | 0.20x | €1.41 Billion | €1.13 Billion | €6.98 Billion | ▼ -9.7% |
| 2018 | 0.22x | €1.48 Billion | €1.19 Billion | €6.61 Billion | ▼ -19.8% |
| 2017 | 0.28x | €1.70 Billion | €1.25 Billion | €6.07 Billion | ▼ -1.1% |
| 2016 | 0.28x | €1.89 Billion | €1.27 Billion | €6.70 Billion | — |