Larsen & Toubro Limited (LT) — Financial Flexibility Index
Larsen & Toubro Limited (LT) has a Financial Flexibility Index of 0.02x as of September 2025. Free cash flow of Rs64.91 Billion (operating CF Rs38.16 Billion minus capex Rs26.75 Billion) represents 0% of total liabilities (Rs2.71 Trillion). Check LT total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Larsen & Toubro Limited Financial Flexibility Index (2002–2026)
Historical Financial Flexibility Index trend for Larsen & Toubro Limited across 25 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Larsen & Toubro Limited.
Annual Financial Flexibility Index for Larsen & Toubro Limited (2002–2026)
Year-by-year free cash flow to debt coverage for Larsen & Toubro Limited. Explore how well can Larsen & Toubro Limited service its debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.07x | Rs216.29 Billion | Rs168.20 Billion | Rs3.24 Trillion | ▲ +29.8% |
| 2025 | 0.05x | Rs135.80 Billion | Rs91.61 Billion | Rs2.64 Trillion | ▼ -46.5% |
| 2024 | 0.10x | Rs227.83 Billion | Rs182.66 Billion | Rs2.37 Trillion | ▼ -19.0% |
| 2023 | 0.12x | Rs269.21 Billion | Rs227.77 Billion | Rs2.27 Trillion | ▲ +19.7% |
| 2022 | 0.10x | Rs222.74 Billion | Rs191.64 Billion | Rs2.25 Trillion | ▼ -10.2% |
| 2021 | 0.11x | Rs246.52 Billion | Rs228.44 Billion | Rs2.23 Trillion | ▲ +152.6% |
| 2020 | 0.04x | Rs101.31 Billion | Rs66.94 Billion | Rs2.32 Trillion | ▲ +2212.0% |
| 2019 | 0.00x | Rs-4.34 Billion | Rs-47.17 Billion | Rs2.10 Trillion | ▲ +94.7% |
| 2018 | -0.04x | Rs-71.54 Billion | Rs-100.31 Billion | Rs1.84 Trillion | ▼ -166.9% |
| 2017 | 0.06x | Rs92.14 Billion | Rs62.35 Billion | Rs1.58 Trillion | ▲ +405.6% |
| 2016 | 0.01x | Rs20.35 Billion | Rs-32.29 Billion | Rs1.77 Trillion | ▼ -72.7% |
| 2015 | 0.04x | Rs62.60 Billion | Rs-6.69 Billion | Rs1.48 Trillion | ▲ +120253.8% |
| 2014 | 0.00x | Rs45.30 Million | Rs-69.63 Billion | Rs1.29 Trillion | ▼ -99.9% |
| 2013 | 0.04x | Rs40.72 Billion | Rs-37.60 Billion | Rs1.07 Trillion | ▲ +249.0% |
| 2012 | 0.01x | Rs9.62 Billion | Rs-63.41 Billion | Rs878.54 Billion | ▼ -87.0% |
| 2011 | 0.08x | Rs57.51 Billion | Rs-15.87 Billion | Rs685.01 Billion | ▼ -38.4% |
| 2010 | 0.14x | Rs66.58 Billion | Rs21.18 Billion | Rs488.85 Billion | ▼ -4.8% |
| 2009 | 0.14x | Rs59.74 Billion | Rs4.96 Billion | Rs417.67 Billion | ▲ +48.5% |
| 2008 | 0.10x | Rs27.20 Billion | Rs-12.39 Billion | Rs282.44 Billion | ▼ -66.8% |
| 2007 | 0.29x | Rs50.17 Billion | Rs23.28 Billion | Rs173.09 Billion | ▲ +53.4% |
| 2006 | 0.19x | Rs21.49 Billion | Rs10.62 Billion | Rs113.74 Billion | ▲ +139.5% |
| 2005 | 0.08x | Rs7.70 Billion | Rs3.53 Billion | Rs97.61 Billion | ▲ +15.7% |
| 2004 | 0.07x | Rs4.21 Billion | Rs3.30 Billion | Rs61.77 Billion | ▼ -57.0% |
| 2003 | 0.16x | Rs12.64 Billion | Rs11.67 Billion | Rs79.61 Billion | ▼ -27.0% |
| 2002 | 0.22x | Rs15.99 Billion | Rs13.27 Billion | Rs73.58 Billion | — |