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). Also explore BAE Systems plc (BA) net asset momentum to track the company's year-over-year net asset growth rate.
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. Check BAE Systems plc (BA) strategic asset index to assess the company's strategic physical and investment asset allocation.
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 BA market cap.
| 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 | — |