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 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
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. See ICRA current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for ICRA Limited (2002–2025)
Year-by-year free cash flow to debt coverage for ICRA Limited. For the full company profile including market capitalisation, see ICRA Limited stock valuation.
| 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 | — |