Ultrapar Participações S.A (UGR) — Financial Flexibility Index

Latest as of December 2025: 0.10x

Ultrapar Participações S.A (UGR) has a Financial Flexibility Index of 0.10x as of December 2025. Free cash flow of €3.05 Billion (operating CF €2.38 Billion minus capex €670.23 Million) represents 0% of total liabilities (€31.62 Billion). Check Ultrapar Participações S.A investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.10x
Free Cash Flow / Total Liabilities

Free Cash Flow

€3.05 Billion
Operating CF − Capex

Total Liabilities

€31.62 Billion
EUR

Capital Expenditures

€670.23 Million
EUR

Ultrapar Participações S.A Financial Flexibility Index (2016–2025)

Historical Financial Flexibility Index trend for Ultrapar Participações S.A across 10 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Ultrapar Participações S.A.

Annual Financial Flexibility Index for Ultrapar Participações S.A (2016–2025)

Year-by-year free cash flow to debt coverage for Ultrapar Participações S.A. Explore UGR 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 0.24x €7.46 Billion €5.45 Billion €31.62 Billion ▲ +1.4%
2024 0.23x €5.52 Billion €3.74 Billion €23.73 Billion ▲ +9.7%
2023 0.21x €5.14 Billion €3.85 Billion €24.22 Billion ▲ +75.4%
2022 0.12x €2.93 Billion €2.00 Billion €24.27 Billion ▼ -4.5%
2021 0.13x €3.61 Billion €2.59 Billion €28.54 Billion ▼ -14.2%
2020 0.15x €3.89 Billion €3.14 Billion €26.34 Billion ▼ -20.1%
2019 0.18x €3.94 Billion €2.92 Billion €21.36 Billion ▼ -6.0%
2018 0.20x €4.07 Billion €2.89 Billion €20.70 Billion ▲ +20.3%
2017 0.16x €3.04 Billion €1.74 Billion €18.62 Billion ▼ -39.0%
2016 0.27x €4.18 Billion €2.51 Billion €15.60 Billion
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities