Harmony Gold Mining Co. Ltd. (HAR) — Financial Flexibility Index
Harmony Gold Mining Co. Ltd. (HAR) has a Financial Flexibility Index of 0.35x as of December 2025. Free cash flow of ZAC21.97 Billion (operating CF ZAC13.85 Billion minus capex ZAC8.12 Billion) represents 0% of total liabilities (ZAC62.42 Billion). Check Harmony Gold Mining Co. Ltd. PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Harmony Gold Mining Co. Ltd. Financial Flexibility Index (1998–2025)
Historical Financial Flexibility Index trend for Harmony Gold Mining Co. Ltd. across 28 annual periods. See Harmony Gold Mining Co. Ltd. (HAR) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Harmony Gold Mining Co. Ltd. (1998–2025)
Year-by-year free cash flow to debt coverage for Harmony Gold Mining Co. Ltd.. For the full company profile including market capitalisation, see market cap of Harmony Gold Mining Co. Ltd..
| Year | Flexibility Index | Free Cash Flow (ZAC) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.19x | ZAC34.50 Billion | ZAC22.65 Billion | ZAC28.99 Billion | ▼ -3.4% |
| 2024 | 1.23x | ZAC24.05 Billion | ZAC15.65 Billion | ZAC19.51 Billion | ▲ +56.7% |
| 2023 | 0.79x | ZAC17.59 Billion | ZAC9.95 Billion | ZAC22.36 Billion | ▼ -0.1% |
| 2022 | 0.79x | ZAC13.14 Billion | ZAC6.92 Billion | ZAC16.69 Billion | ▼ -2.1% |
| 2021 | 0.80x | ZAC14.32 Billion | ZAC9.18 Billion | ZAC17.82 Billion | ▲ +3469.2% |
| 2020 | 0.02x | ZAC480.04 Million | ZAC272.08 Million | ZAC21.32 Billion | ▼ -96.7% |
| 2019 | 0.69x | ZAC9.72 Billion | ZAC4.68 Billion | ZAC14.19 Billion | ▲ +6.8% |
| 2018 | 0.64x | ZAC9.09 Billion | ZAC4.18 Billion | ZAC14.17 Billion | ▼ -17.0% |
| 2017 | 0.77x | ZAC7.37 Billion | ZAC3.64 Billion | ZAC9.53 Billion | ▼ -3.0% |
| 2016 | 0.80x | ZAC7.08 Billion | ZAC4.60 Billion | ZAC8.89 Billion | ▼ -87.3% |
| 2015 | 6.26x | ZAC59.29 Billion | ZAC24.61 Billion | ZAC9.47 Billion | ▲ +1119.2% |
| 2014 | 0.51x | ZAC5.05 Billion | ZAC2.32 Billion | ZAC9.84 Billion | ▼ -32.8% |
| 2013 | 0.76x | ZAC7.52 Billion | ZAC3.26 Billion | ZAC9.85 Billion | ▼ -11.6% |
| 2012 | 0.86x | ZAC7.84 Billion | ZAC4.45 Billion | ZAC9.08 Billion | ▲ +56.4% |
| 2011 | 0.55x | ZAC5.39 Billion | ZAC2.32 Billion | ZAC9.76 Billion | ▼ -11.5% |
| 2010 | 0.62x | ZAC5.08 Billion | ZAC1.58 Billion | ZAC8.13 Billion | ▼ -77.9% |
| 2009 | 2.83x | ZAC4.94 Billion | ZAC2.29 Billion | ZAC1.75 Billion | ▲ +450.4% |
| 2008 | 0.51x | ZAC6.18 Billion | ZAC1.84 Billion | ZAC12.01 Billion | ▲ +92.3% |
| 2007 | 0.27x | ZAC3.87 Billion | ZAC1.16 Billion | ZAC14.46 Billion | ▲ +27.0% |
| 2006 | 0.21x | ZAC2.31 Billion | ZAC370.27 Million | ZAC10.98 Billion | ▲ +521.3% |
| 2005 | -0.05x | ZAC-518.67 Million | ZAC-1.40 Billion | ZAC10.38 Billion | ▼ -193.2% |
| 2004 | 0.05x | ZAC490.95 Million | ZAC-380.48 Million | ZAC9.16 Billion | ▼ -85.0% |
| 2003 | 0.36x | ZAC2.31 Billion | ZAC1.32 Billion | ZAC6.46 Billion | ▼ -26.8% |
| 2002 | 0.49x | ZAC3.01 Billion | ZAC2.28 Billion | ZAC6.16 Billion | ▲ +119.4% |
| 2001 | 0.22x | ZAC817.90 Million | ZAC394.85 Million | ZAC3.67 Billion | ▲ +15.4% |
| 2000 | 0.19x | ZAC444.72 Million | ZAC287.34 Million | ZAC2.30 Billion | ▼ -73.8% |
| 1999 | 0.74x | ZAC679.94 Million | ZAC505.58 Million | ZAC921.27 Million | ▲ +853.6% |
| 1998 | 0.08x | ZAC44.77 Million | ZAC3.53 Million | ZAC578.45 Million | — |