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 BA capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
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. See BA net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for BAE Systems plc (1991–2025)
Year-by-year free cash flow to debt coverage for BAE Systems plc. For the full company profile including market capitalisation, see BAE Systems plc market capitalisation.
| 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 | — |