Banco Santander S.A. (SAN) — Financial Flexibility Index
Banco Santander S.A. (SAN) has a Financial Flexibility Index of 0.05x as of December 2025. Free cash flow of €83.58 Billion (operating CF €80.93 Billion minus capex €2.65 Billion) represents 0% of total liabilities (€1.75 Trillion). Check Banco Santander S.A. strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Banco Santander S.A. Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for Banco Santander S.A. across 28 annual periods. See Banco Santander S.A. (SAN) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Banco Santander S.A. (1991–2025)
Year-by-year free cash flow to debt coverage for Banco Santander S.A.. For the full company profile including market capitalisation, see Banco Santander S.A. stock valuation.
| Year | Flexibility Index | Free Cash Flow (EUR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.05x | €89.39 Billion | €83.53 Billion | €1.75 Trillion | ▲ +662.6% |
| 2024 | -0.01x | €-15.66 Billion | €-24.16 Billion | €1.73 Trillion | ▼ -116.3% |
| 2023 | 0.06x | €94.20 Billion | €80.56 Billion | €1.69 Trillion | ▲ +136.3% |
| 2022 | 0.02x | €38.55 Billion | €27.71 Billion | €1.64 Trillion | ▼ -48.2% |
| 2021 | 0.05x | €68.09 Billion | €56.69 Billion | €1.50 Trillion | ▼ -13.8% |
| 2020 | 0.05x | €74.67 Billion | €66.15 Billion | €1.42 Trillion | ▲ +324.5% |
| 2019 | 0.01x | €17.53 Billion | €3.39 Billion | €1.41 Trillion | ▲ +7.5% |
| 2018 | 0.01x | €15.61 Billion | €3.42 Billion | €1.35 Trillion | ▼ -68.6% |
| 2017 | 0.04x | €49.18 Billion | €40.19 Billion | €1.34 Trillion | ▲ +50.7% |
| 2016 | 0.02x | €30.16 Billion | €21.82 Billion | €1.24 Trillion | ▲ +37.1% |
| 2015 | 0.02x | €22.09 Billion | €12.86 Billion | €1.24 Trillion | ▲ +426.9% |
| 2014 | 0.00x | €3.97 Billion | €-3.94 Billion | €1.18 Trillion | ▲ +111.0% |
| 2013 | -0.03x | €-31.71 Billion | €-34.85 Billion | €1.04 Trillion | ▼ -228.9% |
| 2012 | 0.02x | €28.21 Billion | €24.32 Billion | €1.19 Trillion | ▼ -29.6% |
| 2011 | 0.03x | €39.39 Billion | €35.99 Billion | €1.17 Trillion | ▼ -32.8% |
| 2010 | 0.05x | €57.01 Billion | €51.87 Billion | €1.14 Trillion | ▲ +502.1% |
| 2009 | -0.01x | €-12.93 Billion | €-18.04 Billion | €1.04 Trillion | ▼ -163.9% |
| 2008 | 0.02x | €19.32 Billion | €15.83 Billion | €989.63 Billion | ▼ -54.0% |
| 2007 | 0.04x | €36.31 Billion | €31.65 Billion | €855.36 Billion | ▲ +170.6% |
| 2006 | -0.06x | €-47.28 Billion | €-52.14 Billion | €786.80 Billion | ▼ -45.2% |
| 2005 | -0.04x | €-31.83 Billion | €-34.27 Billion | €768.97 Billion | ▼ -149.0% |
| 2004 | -0.02x | €-10.44 Billion | €-13.52 Billion | €627.99 Billion | ▼ -106.4% |
| 1996 | 0.26x | €2.50 Billion | €1.56 Billion | €9.54 Billion | ▲ +4.4% |
| 1995 | 0.25x | €1.81 Billion | €1.07 Billion | €7.21 Billion | ▼ -55.5% |
| 1994 | 0.56x | €3.75 Billion | €856.23 Million | €6.66 Billion | ▲ +1647.2% |
| 1993 | 0.03x | €2.00 Billion | €1.57 Billion | €61.91 Billion | ▲ +14.1% |
| 1992 | 0.03x | €1.35 Billion | €884.32 Million | €47.94 Billion | ▲ +9.4% |
| 1991 | 0.03x | €1.10 Billion | €1.10 Billion | €42.55 Billion | — |