ICRA Limited Financial Flexibility Index
ICRA Limited financial flexibility index. ICRA Limited (ICRA) has a Financial Flexibility Index of 0.30x as of September 2025. Free cash flow of Rs829.26 Million (operating CF Rs779.99 Million minus capex Rs49.27 Million) represents 0% of total liabilities (Rs2.72 Billion). See ICRA Limited free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of ICRA Limited (2002–2025)
Financial flexibility index of ICRA Limited from 2002 to 2025. Historical Financial Flexibility Index trend for ICRA Limited across 24 annual periods. Check ICRA cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
ICRA Limited Financial Flexibility Index by Year (2002–2025)
ICRA Limited financial flexibility index by year from 2002 to 2025. Year-by-year free cash flow to debt coverage for ICRA Limited. For the full cash flow conversion analysis, see ICRA Limited cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.67x | Rs1.57 Billion | Rs1.45 Billion | Rs2.37 Billion | ▲ +20.1% |
| 2024 | 0.55x | Rs1.14 Billion | Rs1.07 Billion | Rs2.06 Billion | ▼ -25.4% |
| 2023 | 0.74x | Rs1.08 Billion | Rs992.58 Million | Rs1.46 Billion | ▼ -5.4% |
| 2022 | 0.78x | Rs1.03 Billion | Rs973.75 Million | Rs1.31 Billion | ▲ +32.6% |
| 2021 | 0.59x | Rs798.97 Million | Rs763.84 Million | Rs1.35 Billion | ▲ +229.6% |
| 2020 | 0.18x | Rs253.80 Million | Rs213.19 Million | Rs1.41 Billion | ▼ -73.2% |
| 2019 | 0.67x | Rs855.67 Million | Rs808.54 Million | Rs1.28 Billion | ▲ +16.8% |
| 2018 | 0.57x | Rs655.68 Million | Rs619.00 Million | Rs1.14 Billion | ▼ -8.7% |
| 2017 | 0.63x | Rs696.85 Million | Rs639.53 Million | Rs1.11 Billion | ▲ +15.7% |
| 2016 | 0.54x | Rs815.59 Million | Rs711.89 Million | Rs1.50 Billion | ▼ -3.0% |
| 2015 | 0.56x | Rs860.63 Million | Rs680.64 Million | Rs1.54 Billion | ▼ -40.8% |
| 2014 | 0.95x | Rs1.21 Billion | Rs833.78 Million | Rs1.28 Billion | ▲ +213.3% |
| 2013 | 0.30x | Rs292.83 Million | Rs239.67 Million | Rs970.87 Million | ▼ -42.1% |
| 2012 | 0.52x | Rs430.69 Million | Rs389.82 Million | Rs826.81 Million | ▼ -24.3% |
| 2011 | 0.69x | Rs522.66 Million | Rs475.41 Million | Rs760.03 Million | ▲ +48.5% |
| 2010 | 0.46x | Rs477.51 Million | Rs417.33 Million | Rs1.03 Billion | ▼ -5.6% |
| 2009 | 0.49x | Rs417.40 Million | Rs384.20 Million | Rs850.29 Million | ▼ -28.4% |
| 2008 | 0.69x | Rs360.12 Million | Rs313.29 Million | Rs525.19 Million | ▲ +8662.9% |
| 2007 | 0.01x | Rs222.69 Million | Rs159.12 Million | Rs28.46 Billion | ▼ -98.8% |
| 2006 | 0.65x | Rs123.69 Million | Rs92.38 Million | Rs191.55 Million | ▼ -13.9% |
| 2005 | 0.75x | Rs106.03 Million | Rs42.66 Million | Rs141.37 Million | ▲ +58.6% |
| 2004 | 0.47x | Rs74.73 Million | Rs64.93 Million | Rs157.99 Million | ▼ -21.0% |
| 2003 | 0.60x | Rs69.29 Million | Rs52.96 Million | Rs115.73 Million | ▼ -8.8% |
| 2002 | 0.66x | Rs63.74 Million | Rs48.45 Million | Rs97.05 Million | — |