Smith & Nephew PLC (SN) — Financial Flexibility Index
Smith & Nephew PLC (SN) has a Financial Flexibility Index of 0.23x as of December 2025. Free cash flow of GBX1.17 Billion (operating CF GBX880.25 Million minus capex GBX290.84 Million) represents 0% of total liabilities (GBX5.17 Billion). Check asset allocation strategy of Smith & Nephew PLC to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Smith & Nephew PLC Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for Smith & Nephew PLC across 35 annual periods. See Smith & Nephew PLC (SN) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Smith & Nephew PLC (1991–2025)
Year-by-year free cash flow to debt coverage for Smith & Nephew PLC. For the full company profile including market capitalisation, see Smith & Nephew PLC market cap and net worth.
| Year | Flexibility Index | Free Cash Flow (GBX) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.34x | GBX1.75 Billion | GBX1.31 Billion | GBX5.17 Billion | ▲ +26.2% |
| 2024 | 0.27x | GBX1.37 Billion | GBX987.00 Million | GBX5.09 Billion | ▲ +23.9% |
| 2023 | 0.22x | GBX1.03 Billion | GBX608.00 Million | GBX4.77 Billion | ▲ +23.6% |
| 2022 | 0.18x | GBX826.00 Million | GBX468.00 Million | GBX4.71 Billion | ▼ -26.9% |
| 2021 | 0.24x | GBX1.28 Billion | GBX877.00 Million | GBX5.35 Billion | ▼ -0.1% |
| 2020 | 0.24x | GBX1.38 Billion | GBX935.00 Million | GBX5.73 Billion | ▼ -36.6% |
| 2019 | 0.38x | GBX1.58 Billion | GBX1.17 Billion | GBX4.16 Billion | ▼ -5.5% |
| 2018 | 0.40x | GBX1.28 Billion | GBX931.00 Million | GBX3.19 Billion | ▼ -11.8% |
| 2017 | 0.45x | GBX1.47 Billion | GBX1.09 Billion | GBX3.22 Billion | ▲ +24.1% |
| 2016 | 0.37x | GBX1.24 Billion | GBX849.00 Million | GBX3.39 Billion | ▼ -15.5% |
| 2015 | 0.43x | GBX1.39 Billion | GBX1.03 Billion | GBX3.20 Billion | ▲ +33.9% |
| 2014 | 0.32x | GBX1.06 Billion | GBX683.00 Million | GBX3.27 Billion | ▼ -52.4% |
| 2013 | 0.68x | GBX1.21 Billion | GBX867.00 Million | GBX1.77 Billion | ▲ +2.6% |
| 2012 | 0.66x | GBX1.17 Billion | GBX902.00 Million | GBX1.76 Billion | ▼ -11.0% |
| 2011 | 0.75x | GBX1.16 Billion | GBX842.00 Million | GBX1.56 Billion | ▲ +24.5% |
| 2010 | 0.60x | GBX1.17 Billion | GBX859.00 Million | GBX1.96 Billion | ▲ +37.8% |
| 2009 | 0.43x | GBX1.04 Billion | GBX719.00 Million | GBX2.39 Billion | ▲ +42.8% |
| 2008 | 0.30x | GBX855.00 Million | GBX566.00 Million | GBX2.81 Billion | ▲ +30.3% |
| 2007 | 0.23x | GBX618.00 Million | GBX424.00 Million | GBX2.65 Billion | ▼ -57.0% |
| 2006 | 0.54x | GBX574.00 Million | GBX352.00 Million | GBX1.06 Billion | ▲ +81.9% |
| 2005 | 0.30x | GBX460.00 Million | GBX260.00 Million | GBX1.54 Billion | ▼ -16.0% |
| 2004 | 0.36x | GBX558.83 Million | GBX363.28 Million | GBX1.57 Billion | ▼ -5.9% |
| 2003 | 0.38x | GBX407.14 Million | GBX276.79 Million | GBX1.08 Billion | ▲ +15.2% |
| 2002 | 0.33x | GBX380.15 Million | GBX242.85 Million | GBX1.16 Billion | ▲ +30.7% |
| 2001 | 0.25x | GBX253.23 Million | GBX144.46 Million | GBX1.01 Billion | ▲ +166.6% |
| 2000 | -0.38x | GBX-390.58 Million | GBX-486.02 Million | GBX1.04 Billion | ▼ -216.7% |
| 1999 | 0.32x | GBX223.57 Million | GBX115.02 Million | GBX693.35 Million | ▼ -3.2% |
| 1998 | 0.33x | GBX232.22 Million | GBX117.19 Million | GBX696.82 Million | ▼ -4.9% |
| 1997 | 0.35x | GBX232.92 Million | GBX113.57 Million | GBX664.55 Million | ▼ -8.5% |
| 1996 | 0.38x | GBX266.64 Million | GBX142.14 Million | GBX695.96 Million | ▲ +37.3% |
| 1995 | 0.28x | GBX180.64 Million | GBX72.47 Million | GBX647.14 Million | ▼ -19.6% |
| 1994 | 0.35x | GBX216.84 Million | GBX117.10 Million | GBX624.74 Million | ▲ +95.0% |
| 1993 | 0.18x | GBX141.12 Million | GBX43.34 Million | GBX792.70 Million | ▼ -2.9% |
| 1992 | 0.18x | GBX145.75 Million | GBX76.14 Million | GBX795.20 Million | ▲ +1.1% |
| 1991 | 0.18x | GBX189.18 Million | GBX106.47 Million | GBX1.04 Billion | — |