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 HAR 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
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. For the full cash flow conversion analysis, see cash flow conversion of Harmony Gold Mining Co. Ltd..
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.. Explore Harmony Gold Mining Co. Ltd. (HAR) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
| 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 | — |