Biglari Holdings Inc (BH) — Financial Flexibility Index

Latest as of March 2026: 0.05x

Biglari Holdings Inc (BH) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of $27.30 Million (operating CF $20.33 Million minus capex $6.97 Million) represents 0% of total liabilities ($499.14 Million). Check Biglari Holdings Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.05x
Free Cash Flow / Total Liabilities

Free Cash Flow

$27.30 Million
Operating CF − Capex

Total Liabilities

$499.14 Million
USD

Capital Expenditures

$6.97 Million
USD

Biglari Holdings Inc Financial Flexibility Index (1991–2025)

Historical Financial Flexibility Index trend for Biglari Holdings Inc across 35 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Biglari Holdings Inc.

Annual Financial Flexibility Index for Biglari Holdings Inc (1991–2025)

Year-by-year free cash flow to debt coverage for Biglari Holdings Inc. Explore Biglari Holdings Inc (BH) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.26x $137.31 Million $106.96 Million $525.71 Million ▼ -4.6%
2024 0.27x $80.25 Million $49.66 Million $293.17 Million ▼ -29.0%
2023 0.39x $96.41 Million $73.00 Million $250.09 Million ▼ -33.2%
2022 0.58x $157.57 Million $127.83 Million $272.91 Million ▼ -39.5%
2021 0.96x $293.32 Million $228.77 Million $307.11 Million ▲ +213.0%
2020 0.31x $138.26 Million $117.56 Million $453.14 Million ▲ +43.3%
2019 0.21x $111.36 Million $93.68 Million $523.01 Million ▲ +154.0%
2018 0.08x $38.47 Million $20.68 Million $459.04 Million ▲ +22.0%
2017 0.07x $33.81 Million $25.78 Million $492.26 Million ▼ -48.5%
2016 0.13x $75.38 Million $63.35 Million $565.03 Million ▲ +15.9%
2015 0.12x $63.58 Million $52.50 Million $552.55 Million ▼ -2.7%
2014 0.12x $63.39 Million $27.57 Million $536.01 Million ▼ -5.3%
2013 0.12x $52.96 Million $38.79 Million $423.95 Million ▼ -20.6%
2012 0.16x $58.64 Million $49.97 Million $372.57 Million ▼ -35.3%
2011 0.24x $84.59 Million $71.58 Million $347.93 Million ▼ -20.5%
2010 0.31x $77.27 Million $68.62 Million $252.60 Million ▲ +17.2%
2009 0.26x $58.06 Million $52.31 Million $222.45 Million ▲ +10.5%
2008 0.24x $55.87 Million $24.43 Million $236.56 Million ▼ -45.3%
2007 0.43x $112.07 Million $43.43 Million $259.69 Million ▼ -31.1%
2006 0.63x $160.02 Million $69.58 Million $255.49 Million ▲ +14.0%
2005 0.55x $127.90 Million $64.28 Million $232.83 Million ▲ +28.8%
2004 0.43x $93.67 Million $47.39 Million $219.63 Million ▲ +16.2%
2003 0.37x $81.41 Million $50.70 Million $221.76 Million ▼ -12.8%
2002 0.42x $96.37 Million $55.01 Million $228.84 Million ▼ -56.8%
2001 0.98x $77.33 Million $40.13 Million $79.27 Million ▼ -23.0%
2000 1.27x $112.32 Million $38.86 Million $88.66 Million ▼ -5.4%
1999 1.34x $100.40 Million $33.40 Million $75.00 Million ▲ +8.6%
1998 1.23x $88.10 Million $36.70 Million $71.50 Million ▲ +11.1%
1997 1.11x $82.40 Million $30.20 Million $74.30 Million ▲ +8.8%
1996 1.02x $75.00 Million $28.80 Million $73.60 Million ▼ -8.8%
1995 1.12x $63.90 Million $21.00 Million $57.20 Million ▲ +76.3%
1994 0.63x $38.40 Million $17.80 Million $60.60 Million ▲ +59.8%
1993 0.40x $23.60 Million $8.80 Million $59.50 Million ▲ +57.9%
1992 0.25x $16.40 Million $9.60 Million $65.30 Million ▲ +3.0%
1991 0.24x $16.70 Million $10.30 Million $68.50 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities