BAE Systems plc (BA) — Financial Flexibility Index
BAE Systems plc (BA) has a Financial Flexibility Index of 0.14x as of December 2025. Free cash flow of GBX3.71 Billion (operating CF GBX3.16 Billion minus capex GBX544.00 Million) represents 0% of total liabilities (GBX25.74 Billion). Check BAE Systems plc investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
BAE Systems plc Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for BAE Systems plc across 35 annual periods. For the full cash flow conversion analysis, see BA cash flow conversion.
Annual Financial Flexibility Index for BAE Systems plc (1991–2025)
Year-by-year free cash flow to debt coverage for BAE Systems plc. Explore debt repayment capacity of BAE Systems plc to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (GBX) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.16x | GBX4.22 Billion | GBX3.30 Billion | GBX25.74 Billion | ▼ -15.1% |
| 2024 | 0.19x | GBX5.09 Billion | GBX3.92 Billion | GBX26.36 Billion | ▼ -12.7% |
| 2023 | 0.22x | GBX4.72 Billion | GBX3.76 Billion | GBX21.34 Billion | ▲ +19.3% |
| 2022 | 0.19x | GBX3.53 Billion | GBX2.84 Billion | GBX19.06 Billion | ▲ +18.9% |
| 2021 | 0.16x | GBX2.91 Billion | GBX2.45 Billion | GBX18.66 Billion | ▲ +112.0% |
| 2020 | 0.07x | GBX1.64 Billion | GBX1.17 Billion | GBX22.34 Billion | ▼ -28.8% |
| 2019 | 0.10x | GBX2.07 Billion | GBX1.60 Billion | GBX20.00 Billion | ▲ +26.9% |
| 2018 | 0.08x | GBX1.56 Billion | GBX1.20 Billion | GBX19.13 Billion | ▼ -34.9% |
| 2017 | 0.13x | GBX2.29 Billion | GBX1.90 Billion | GBX18.28 Billion | ▲ +49.0% |
| 2016 | 0.08x | GBX1.64 Billion | GBX1.23 Billion | GBX19.51 Billion | ▲ +22.8% |
| 2015 | 0.07x | GBX1.17 Billion | GBX808.00 Million | GBX17.08 Billion | ▲ +31.3% |
| 2014 | 0.05x | GBX932.00 Million | GBX669.00 Million | GBX17.91 Billion | ▲ +571.6% |
| 2013 | 0.01x | GBX126.00 Million | GBX-110.00 Million | GBX16.26 Billion | ▼ -94.4% |
| 2012 | 0.14x | GBX2.58 Billion | GBX2.17 Billion | GBX18.50 Billion | ▲ +202.5% |
| 2011 | 0.05x | GBX865.00 Million | GBX482.00 Million | GBX18.80 Billion | ▼ -38.3% |
| 2010 | 0.07x | GBX1.39 Billion | GBX962.00 Million | GBX18.63 Billion | ▼ -28.0% |
| 2009 | 0.10x | GBX2.16 Billion | GBX1.63 Billion | GBX20.83 Billion | ▼ -10.8% |
| 2008 | 0.12x | GBX2.13 Billion | GBX1.58 Billion | GBX18.39 Billion | ▼ -26.0% |
| 2007 | 0.16x | GBX2.24 Billion | GBX1.90 Billion | GBX14.26 Billion | ▲ +129.4% |
| 2006 | 0.07x | GBX958.00 Million | GBX512.00 Million | GBX14.01 Billion | ▼ -47.4% |
| 2005 | 0.13x | GBX2.27 Billion | GBX1.93 Billion | GBX17.43 Billion | ▼ -30.2% |
| 2004 | 0.19x | GBX2.53 Billion | GBX2.16 Billion | GBX13.60 Billion | ▲ +135.1% |
| 2003 | 0.08x | GBX772.00 Million | GBX529.00 Million | GBX9.76 Billion | ▲ +1579.3% |
| 2002 | -0.01x | GBX-53.00 Million | GBX-327.00 Million | GBX9.91 Billion | ▼ -115.2% |
| 2001 | 0.04x | GBX371.00 Million | GBX220.00 Million | GBX10.55 Billion | ▼ -81.2% |
| 2000 | 0.19x | GBX1.93 Billion | GBX1.55 Billion | GBX10.30 Billion | ▲ +264.6% |
| 1999 | 0.05x | GBX513.00 Million | GBX206.00 Million | GBX9.99 Billion | ▲ +258.2% |
| 1998 | -0.03x | GBX-228.00 Million | GBX-603.00 Million | GBX7.02 Billion | ▼ -146.1% |
| 1997 | 0.07x | GBX448.00 Million | GBX238.00 Million | GBX6.37 Billion | ▼ -37.6% |
| 1996 | 0.11x | GBX679.00 Million | GBX507.00 Million | GBX6.02 Billion | ▲ +302.4% |
| 1995 | 0.03x | GBX188.00 Million | GBX49.00 Million | GBX6.71 Billion | ▲ +327.6% |
| 1994 | -0.01x | GBX-86.00 Million | GBX-340.00 Million | GBX6.98 Billion | ▼ -119.5% |
| 1993 | 0.06x | GBX587.00 Million | GBX138.00 Million | GBX9.29 Billion | ▲ +20.0% |
| 1992 | 0.05x | GBX467.00 Million | GBX-20.00 Million | GBX8.86 Billion | ▼ -14.7% |
| 1991 | 0.06x | GBX445.00 Million | GBX-255.00 Million | GBX7.20 Billion | — |