ICRA Limited (ICRA) — 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). Check ICRA Limited investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
ICRA Limited Financial Flexibility Index (2002–2025)
Historical Financial Flexibility Index trend for ICRA Limited across 24 annual periods. For the full cash flow conversion analysis, see cash flow conversion of ICRA Limited.
Annual Financial Flexibility Index for ICRA Limited (2002–2025)
Year-by-year free cash flow to debt coverage for ICRA Limited. Explore ICRA Limited cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |