BAE Systems plc Financial Flexibility Index
BAE Systems plc 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). Explore reinvestment intensity of BAE Systems plc to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of BAE Systems plc (1991–2025)
Financial flexibility index of BAE Systems plc from 1991 to 2025. Historical Financial Flexibility Index trend for BAE Systems plc across 35 annual periods. Check BA cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
BAE Systems plc Financial Flexibility Index by Year (1991–2025)
BAE Systems plc financial flexibility index by year from 1991 to 2025. Year-by-year free cash flow to debt coverage for BAE Systems plc. For the full cash flow conversion analysis, see BA cash flow metrics.
| 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 | — |