Black Hills Corporation Financial Flexibility Index
Black Hills Corporation financial flexibility index. Black Hills Corporation (BKH) has a Financial Flexibility Index of 0.07x as of March 2026. Free cash flow of $443.60 Million (operating CF $176.20 Million minus capex $267.40 Million) represents 0% of total liabilities ($6.79 Billion). Explore Black Hills Corporation (BKH) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Black Hills Corporation (1994–2025)
Financial flexibility index of Black Hills Corporation from 1994 to 2025. Historical Financial Flexibility Index trend for Black Hills Corporation across 32 annual periods. Check BKH cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Black Hills Corporation Financial Flexibility Index by Year (1994–2025)
Black Hills Corporation financial flexibility index by year from 1994 to 2025. Year-by-year free cash flow to debt coverage for Black Hills Corporation. For the full cash flow conversion analysis, see BKH operating cash flow.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.21x | $1.49 Billion | $673.40 Million | $6.96 Billion | ▼ -5.7% |
| 2024 | 0.23x | $1.46 Billion | $719.30 Million | $6.44 Billion | ▼ -4.3% |
| 2023 | 0.24x | $1.50 Billion | $944.40 Million | $6.31 Billion | ▲ +30.4% |
| 2022 | 0.18x | $1.19 Billion | $584.80 Million | $6.53 Billion | ▲ +85.6% |
| 2021 | 0.10x | $612.93 Million | $-64.56 Million | $6.24 Billion | ▼ -59.3% |
| 2020 | 0.24x | $1.31 Billion | $541.86 Million | $5.43 Billion | ▼ -7.2% |
| 2019 | 0.26x | $1.32 Billion | $505.51 Million | $5.09 Billion | ▲ +28.4% |
| 2018 | 0.20x | $946.34 Million | $488.81 Million | $4.68 Billion | ▲ +29.8% |
| 2017 | 0.16x | $754.27 Million | $428.26 Million | $4.84 Billion | ▼ -6.2% |
| 2016 | 0.17x | $795.25 Million | $320.46 Million | $4.79 Billion | ▼ -40.0% |
| 2015 | 0.28x | $883.49 Million | $428.00 Million | $3.19 Billion | ▲ +11.4% |
| 2014 | 0.25x | $721.95 Million | $323.46 Million | $2.90 Billion | ▼ -6.0% |
| 2013 | 0.26x | $679.38 Million | $324.63 Million | $2.57 Billion | ▼ -0.8% |
| 2012 | 0.27x | $666.10 Million | $316.97 Million | $2.50 Billion | ▲ +17.2% |
| 2011 | 0.23x | $664.40 Million | $223.70 Million | $2.92 Billion | ▼ -4.2% |
| 2010 | 0.24x | $620.43 Million | $147.75 Million | $2.61 Billion | ▼ -14.1% |
| 2009 | 0.28x | $617.37 Million | $270.50 Million | $2.23 Billion | ▲ +35.7% |
| 2008 | 0.20x | $474.56 Million | $145.64 Million | $2.33 Billion | ▼ -40.6% |
| 2007 | 0.34x | $513.45 Million | $252.08 Million | $1.50 Billion | ▼ -12.5% |
| 2006 | 0.39x | $568.14 Million | $259.69 Million | $1.45 Billion | ▲ +72.1% |
| 2005 | 0.23x | $313.48 Million | $174.85 Million | $1.38 Billion | ▲ +31.6% |
| 2004 | 0.17x | $227.66 Million | $136.68 Million | $1.32 Billion | ▼ -10.5% |
| 2003 | 0.19x | $260.92 Million | $170.57 Million | $1.35 Billion | ▼ -36.1% |
| 2002 | 0.30x | $451.85 Million | $218.77 Million | $1.49 Billion | ▼ -38.8% |
| 2001 | 0.49x | $555.88 Million | $177.40 Million | $1.12 Billion | ▲ +136.2% |
| 2000 | 0.21x | $209.32 Million | $74.47 Million | $1.00 Billion | ▼ -46.7% |
| 1999 | 0.39x | $179.90 Million | $75.70 Million | $458.20 Million | ▲ +68.9% |
| 1998 | 0.23x | $82.00 Million | $54.70 Million | $352.70 Million | ▼ -16.4% |
| 1997 | 0.28x | $84.30 Million | $56.00 Million | $303.30 Million | ▼ -4.5% |
| 1996 | 0.29x | $79.80 Million | $55.40 Million | $274.20 Million | ▼ -17.0% |
| 1995 | 0.35x | $93.50 Million | $45.30 Million | $266.50 Million | ▼ -38.7% |
| 1994 | 0.57x | $149.60 Million | $48.90 Million | $261.50 Million | — |