MGE Energy Inc (MGEE) — Financial Flexibility Index
Latest as of June 2026:
0.20x
MGE Energy Inc (MGEE) has a Financial Flexibility Index of 0.20x as of June 2026. Free cash flow of $359.73 Million (operating CF $148.83 Million minus capex $210.91 Million) represents 0% of total liabilities ($1.83 Billion). Check MGE Energy Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
0.20x
Free Cash Flow / Total Liabilities
Free Cash Flow
$359.73 Million
Operating CF − Capex
Total Liabilities
$1.83 Billion
USD
Capital Expenditures
$210.91 Million
USD
MGE Energy Inc Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for MGE Energy Inc across 62 annual periods. For the full cash flow conversion analysis, see MGE Energy Inc operating cash flow efficiency.
Annual Financial Flexibility Index for MGE Energy Inc (1994–2025)
Year-by-year free cash flow to debt coverage for MGE Energy Inc. Explore MGE Energy Inc (MGEE) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.33x | $606.45 Million | $263.23 Million | $1.85 Billion | ▲ +1.7% |
| 2024 | 0.32x | $514.71 Million | $277.78 Million | $1.60 Billion | ▲ +7.6% |
| 2023 | 0.30x | $459.63 Million | $237.56 Million | $1.54 Billion | ▲ +0.0% |
| 2023 | 0.30x | $459.63 Million | $237.56 Million | $1.54 Billion | ▲ +30.7% |
| 2022 | 0.23x | $328.76 Million | $153.74 Million | $1.44 Billion | ▲ +0.0% |
| 2022 | 0.23x | $328.76 Million | $153.74 Million | $1.44 Billion | ▲ +5.9% |
| 2021 | 0.22x | $290.70 Million | $137.53 Million | $1.34 Billion | ▲ +0.0% |
| 2021 | 0.22x | $290.70 Million | $137.53 Million | $1.34 Billion | ▼ -26.4% |
| 2020 | 0.29x | $375.58 Million | $172.44 Million | $1.28 Billion | ▲ +0.0% |
| 2020 | 0.29x | $375.58 Million | $172.44 Million | $1.28 Billion | ▲ +22.4% |
| 2019 | 0.24x | $294.51 Million | $130.47 Million | $1.23 Billion | ▲ +0.0% |
| 2019 | 0.24x | $294.51 Million | $130.47 Million | $1.23 Billion | ▼ -22.9% |
| 2018 | 0.31x | $365.24 Million | $153.04 Million | $1.17 Billion | ▲ +0.0% |
| 2018 | 0.31x | $365.24 Million | $153.04 Million | $1.17 Billion | ▲ +39.2% |
| 2017 | 0.22x | $241.12 Million | $132.99 Million | $1.08 Billion | ▲ +0.0% |
| 2017 | 0.22x | $241.12 Million | $132.99 Million | $1.08 Billion | ▲ +4.3% |
| 2016 | 0.21x | $231.17 Million | $147.51 Million | $1.08 Billion | ▲ +0.0% |
| 2016 | 0.21x | $231.17 Million | $147.51 Million | $1.08 Billion | ▲ +4.7% |
| 2015 | 0.20x | $213.22 Million | $141.19 Million | $1.04 Billion | ▲ +0.0% |
| 2015 | 0.20x | $213.22 Million | $141.19 Million | $1.04 Billion | ▼ -3.9% |
| 2014 | 0.21x | $221.44 Million | $128.76 Million | $1.04 Billion | ▲ +0.0% |
| 2014 | 0.21x | $221.44 Million | $128.76 Million | $1.04 Billion | ▼ -20.9% |
| 2013 | 0.27x | $259.32 Million | $140.27 Million | $961.55 Million | ▲ +0.0% |
| 2013 | 0.27x | $259.32 Million | $140.27 Million | $961.55 Million | ▲ +11.2% |
| 2012 | 0.24x | $244.44 Million | $146.00 Million | $1.01 Billion | ▲ +0.0% |
| 2012 | 0.24x | $244.44 Million | $146.00 Million | $1.01 Billion | ▲ +12.4% |
| 2011 | 0.22x | $195.95 Million | $130.77 Million | $907.93 Million | ▲ +0.0% |
| 2011 | 0.22x | $195.95 Million | $130.77 Million | $907.93 Million | ▼ -7.1% |
| 2010 | 0.23x | $184.12 Million | $124.03 Million | $792.81 Million | ▲ +0.0% |
| 2010 | 0.23x | $184.12 Million | $124.03 Million | $792.81 Million | ▼ -7.5% |
| 2009 | 0.25x | $195.84 Million | $117.91 Million | $780.09 Million | ▲ +0.0% |
| 2009 | 0.25x | $195.84 Million | $117.91 Million | $780.09 Million | ▲ +9.9% |
| 2008 | 0.23x | $180.49 Million | $74.71 Million | $790.07 Million | ▲ +0.0% |
| 2008 | 0.23x | $180.49 Million | $74.71 Million | $790.07 Million | ▼ -26.6% |
| 2007 | 0.31x | $212.84 Million | $76.59 Million | $683.86 Million | ▲ +0.0% |
| 2007 | 0.31x | $212.84 Million | $76.59 Million | $683.86 Million | ▼ -2.4% |
| 2006 | 0.32x | $193.61 Million | $101.04 Million | $606.88 Million | ▲ +0.0% |
| 2006 | 0.32x | $193.61 Million | $101.04 Million | $606.88 Million | ▲ +34.8% |
| 2005 | 0.24x | $135.60 Million | $49.83 Million | $573.02 Million | ▲ +0.0% |
| 2005 | 0.24x | $135.60 Million | $49.83 Million | $573.02 Million | ▼ -28.3% |
| 2004 | 0.33x | $161.54 Million | $62.31 Million | $489.17 Million | ▲ +0.0% |
| 2004 | 0.33x | $161.54 Million | $62.31 Million | $489.17 Million | ▼ -0.1% |
| 2003 | 0.33x | $151.57 Million | $68.60 Million | $458.62 Million | ▲ +0.0% |
| 2003 | 0.33x | $151.57 Million | $68.60 Million | $458.62 Million | ▼ -1.7% |
| 2002 | 0.34x | $135.01 Million | $56.73 Million | $401.52 Million | ▲ +0.0% |
| 2002 | 0.34x | $135.01 Million | $56.73 Million | $401.52 Million | ▼ -6.3% |
| 2001 | 0.36x | $116.65 Million | $74.68 Million | $325.16 Million | ▲ +0.0% |
| 2001 | 0.36x | $116.65 Million | $74.68 Million | $325.16 Million | ▲ +9.7% |
| 2000 | 0.33x | $121.38 Million | $47.77 Million | $371.29 Million | ▲ +0.0% |
| 2000 | 0.33x | $121.38 Million | $47.77 Million | $371.29 Million | ▼ -9.0% |
| 1999 | 0.36x | $111.30 Million | $60.30 Million | $309.80 Million | ▲ +0.0% |
| 1999 | 0.36x | $111.30 Million | $60.30 Million | $309.80 Million | ▲ +0.7% |
| 1998 | 0.36x | $101.30 Million | $70.50 Million | $284.00 Million | ▲ +0.0% |
| 1998 | 0.36x | $101.30 Million | $70.50 Million | $284.00 Million | ▲ +66.3% |
| 1997 | 0.21x | $62.40 Million | $40.80 Million | $290.90 Million | ▲ +0.0% |
| 1997 | 0.21x | $62.40 Million | $40.80 Million | $290.90 Million | ▼ -6.8% |
| 1996 | 0.23x | $70.20 Million | $48.30 Million | $305.10 Million | ▲ +0.0% |
| 1996 | 0.23x | $70.20 Million | $48.30 Million | $305.10 Million | ▼ -1.1% |
| 1995 | 0.23x | $70.00 Million | $50.80 Million | $300.80 Million | ▲ +0.0% |
| 1995 | 0.23x | $70.00 Million | $50.80 Million | $300.80 Million | ▲ +1.2% |
| 1994 | 0.23x | $67.40 Million | $41.00 Million | $293.20 Million | ▲ +0.0% |
| 1994 | 0.23x | $67.40 Million | $41.00 Million | $293.20 Million | — |
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities