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 Larsen & Toubro Limited strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
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. See Larsen & Toubro Limited (LT) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Larsen & Toubro Limited (2002–2026)
Year-by-year free cash flow to debt coverage for Larsen & Toubro Limited. For the full company profile including market capitalisation, see Larsen & Toubro Limited stock valuation.
| 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 | — |