Aena SA (AENA) — Financial Flexibility Index

Latest as of March 2026: 0.13x

Aena SA (AENA) has a Financial Flexibility Index of 0.13x as of March 2026. Free cash flow of €1.21 Billion (operating CF €908.40 Million minus capex €298.88 Million) represents 0% of total liabilities (€9.65 Billion). Also explore AENA net asset momentum to track the company's year-over-year net asset growth rate.

Financial Flexibility Index

0.13x
Free Cash Flow / Total Liabilities

Free Cash Flow

€1.21 Billion
Operating CF − Capex

Total Liabilities

€9.65 Billion
EUR

Capital Expenditures

€298.88 Million
EUR

Aena SA Financial Flexibility Index (2011–2025)

Historical Financial Flexibility Index trend for Aena SA across 15 annual periods. Check how strategically is Aena SA's equity deployed to assess the company's strategic physical and investment asset allocation.

Annual Financial Flexibility Index for Aena SA (2011–2025)

Year-by-year free cash flow to debt coverage for Aena SA. For the full company profile including market capitalisation, see market cap of Aena SA.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.41x €3.55 Billion €2.83 Billion €8.74 Billion ▼ -0.4%
2024 0.41x €3.57 Billion €2.75 Billion €8.77 Billion ▲ +47.3%
2023 0.28x €2.76 Billion €2.22 Billion €10.00 Billion ▼ -1.7%
2022 0.28x €2.59 Billion €1.86 Billion €9.21 Billion ▲ +205.0%
2021 0.09x €951.55 Million €280.47 Million €10.31 Billion ▲ +36.4%
2020 0.07x €649.37 Million €146.24 Million €9.60 Billion ▼ -81.7%
2019 0.37x €3.14 Billion €2.11 Billion €8.51 Billion ▲ +32.7%
2018 0.28x €2.47 Billion €1.95 Billion €8.88 Billion ▲ +12.2%
2017 0.25x €2.39 Billion €2.01 Billion €9.62 Billion ▲ +21.6%
2016 0.20x €2.14 Billion €1.83 Billion €10.49 Billion ▲ +37.1%
2015 0.15x €1.88 Billion €1.63 Billion €12.66 Billion ▲ +23.8%
2014 0.12x €1.66 Billion €1.35 Billion €13.84 Billion ▼ -4.7%
2013 0.13x €1.69 Billion €1.20 Billion €13.41 Billion ▲ +18.3%
2012 0.11x €1.52 Billion €706.41 Million €14.28 Billion ▲ +19.3%
2011 0.09x €1.25 Billion €659.95 Million €14.01 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities