Ryanair Holdings plc (RYA) — Financial Flexibility Index

Latest as of September 2025: 0.11x

Ryanair Holdings plc (RYA) has a Financial Flexibility Index of 0.11x as of September 2025. Free cash flow of €811.40 Million (operating CF €320.90 Million minus capex €490.50 Million) represents 0% of total liabilities (€7.42 Billion). Check RYA cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.11x
Free Cash Flow / Total Liabilities

Free Cash Flow

€811.40 Million
Operating CF − Capex

Total Liabilities

€7.42 Billion
EUR

Capital Expenditures

€490.50 Million
EUR

Ryanair Holdings plc Financial Flexibility Index (1996–2025)

Historical Financial Flexibility Index trend for Ryanair Holdings plc across 30 annual periods. For the full cash flow conversion analysis, see Ryanair Holdings plc cash conversion from operations.

Annual Financial Flexibility Index for Ryanair Holdings plc (1996–2025)

Year-by-year free cash flow to debt coverage for Ryanair Holdings plc. Explore Ryanair Holdings plc (RYA) 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 0.47x €4.97 Billion €3.42 Billion €10.47 Billion ▼ -18.2%
2024 0.58x €5.55 Billion €3.16 Billion €9.56 Billion ▲ +7.6%
2023 0.54x €5.81 Billion €3.89 Billion €10.76 Billion ▲ +65.9%
2022 0.33x €3.12 Billion €1.94 Billion €9.60 Billion ▲ +216.0%
2021 -0.28x €-2.15 Billion €-2.45 Billion €7.68 Billion ▼ -183.0%
2020 0.34x €3.30 Billion €2.11 Billion €9.78 Billion ▼ -26.8%
2019 0.46x €3.71 Billion €2.06 Billion €8.04 Billion ▼ -1.7%
2018 0.47x €3.70 Billion €2.23 Billion €7.89 Billion ▲ +5.1%
2017 0.45x €3.38 Billion €1.93 Billion €7.57 Billion ▲ +11.0%
2016 0.40x €3.06 Billion €1.85 Billion €7.62 Billion ▲ +32.2%
2015 0.30x €2.48 Billion €1.69 Billion €8.15 Billion ▲ +8.4%
2014 0.28x €1.55 Billion €1.04 Billion €5.53 Billion ▲ +19.2%
2013 0.24x €1.33 Billion €1.02 Billion €5.67 Billion ▲ +2.2%
2012 0.23x €1.31 Billion €1.02 Billion €5.69 Billion ▼ -22.8%
2011 0.30x €1.68 Billion €786.30 Million €5.64 Billion ▼ -24.7%
2010 0.40x €1.87 Billion €871.50 Million €4.71 Billion ▲ +40.9%
2009 0.28x €1.12 Billion €413.13 Million €3.96 Billion ▼ -34.4%
2008 0.43x €1.64 Billion €703.90 Million €3.83 Billion ▼ -0.9%
2007 0.43x €1.36 Billion €869.85 Million €3.15 Billion ▼ -1.1%
2006 0.44x €1.16 Billion €610.57 Million €2.64 Billion ▼ -20.7%
2005 0.55x €1.15 Billion €530.51 Million €2.08 Billion ▲ +3.2%
2004 0.53x €793.66 Million €462.06 Million €1.48 Billion ▼ -20.2%
2003 0.67x €820.88 Million €351.00 Million €1.22 Billion ▼ -18.7%
2002 0.82x €730.97 Million €333.75 Million €887.30 Million ▼ -14.7%
2001 0.97x €586.47 Million €229.80 Million €607.35 Million ▼ -14.0%
2000 1.12x €304.67 Million €149.57 Million €271.34 Million ▼ -28.2%
1999 1.56x €232.86 Million €124.41 Million €148.88 Million ▼ -21.1%
1998 1.98x €170.59 Million €92.05 Million €86.02 Million ▲ +937.4%
1997 0.19x €20.58 Million €2.52 Million €107.63 Million ▼ -72.8%
1996 0.70x €51.61 Million €39.70 Million €73.31 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities