Kirby Corporation (KEX) — Financial Flexibility Index

Latest as of September 2025: 0.11x

Kirby Corporation (KEX) has a Financial Flexibility Index of 0.11x as of September 2025. Free cash flow of $294.81 Million (operating CF $227.53 Million minus capex $67.28 Million) represents 0% of total liabilities ($2.70 Billion). Check KEX capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.11x
Free Cash Flow / Total Liabilities

Free Cash Flow

$294.81 Million
Operating CF − Capex

Total Liabilities

$2.70 Billion
USD

Capital Expenditures

$67.28 Million
USD

Kirby Corporation Financial Flexibility Index (1989–2025)

Historical Financial Flexibility Index trend for Kirby Corporation across 37 annual periods. For the full cash flow conversion analysis, see how efficiently does Kirby Corporation generate cash.

Annual Financial Flexibility Index for Kirby Corporation (1989–2025)

Year-by-year free cash flow to debt coverage for Kirby Corporation. Explore cash flow to debt ratio of Kirby Corporation to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.35x $934.68 Million $670.20 Million $2.65 Billion ▼ -19.9%
2024 0.44x $1.10 Billion $756.49 Million $2.50 Billion ▲ +18.4%
2023 0.37x $941.96 Million $540.23 Million $2.54 Billion ▲ +99.8%
2022 0.19x $466.73 Million $294.13 Million $2.51 Billion ▲ +11.3%
2021 0.17x $419.59 Million $321.58 Million $2.51 Billion ▼ -20.1%
2020 0.21x $593.12 Million $444.94 Million $2.84 Billion ▼ -25.5%
2019 0.28x $759.98 Million $511.81 Million $2.71 Billion ▲ +14.9%
2018 0.24x $648.86 Million $347.00 Million $2.66 Billion ▼ -7.3%
2017 0.26x $530.60 Million $353.38 Million $2.01 Billion ▼ -23.0%
2016 0.34x $646.86 Million $415.79 Million $1.89 Billion ▼ -25.9%
2015 0.46x $866.78 Million $521.30 Million $1.88 Billion ▲ +9.2%
2014 0.42x $794.05 Million $438.91 Million $1.88 Billion ▼ -17.8%
2013 0.51x $854.26 Million $601.03 Million $1.66 Billion ▲ +57.0%
2012 0.33x $637.90 Million $325.73 Million $1.95 Billion ▼ -8.3%
2011 0.36x $538.23 Million $312.00 Million $1.51 Billion ▼ -40.5%
2010 0.60x $382.09 Million $245.25 Million $635.80 Million ▼ -32.0%
2009 0.88x $512.54 Million $319.88 Million $579.87 Million ▲ +44.0%
2008 0.61x $418.97 Million $245.95 Million $682.79 Million ▲ +5.6%
2007 0.58x $399.83 Million $235.75 Million $688.17 Million ▲ +32.6%
2006 0.44x $289.49 Million $150.36 Million $660.72 Million ▼ -17.5%
2005 0.53x $264.26 Million $141.98 Million $497.82 Million ▲ +15.8%
2004 0.46x $220.35 Million $126.75 Million $480.50 Million ▲ +19.2%
2003 0.38x $184.59 Million $112.23 Million $479.90 Million ▲ +49.0%
2002 0.26x $120.26 Million $72.55 Million $465.76 Million ▼ -44.8%
2001 0.47x $156.10 Million $96.94 Million $333.64 Million ▲ +71.7%
2000 0.27x $130.99 Million $83.30 Million $480.58 Million ▲ +29.3%
1999 0.21x $85.09 Million $72.37 Million $403.56 Million ▼ -72.9%
1998 0.78x $62.89 Million $35.45 Million $80.69 Million ▲ +93.4%
1997 0.40x $88.01 Million $63.50 Million $218.34 Million ▲ +26.9%
1996 0.32x $101.23 Million $64.07 Million $318.78 Million ▼ -29.1%
1995 0.45x $131.18 Million $81.68 Million $292.75 Million ▲ +29.8%
1994 0.35x $147.40 Million $38.37 Million $427.07 Million ▼ -13.6%
1993 0.40x $125.60 Million $61.60 Million $314.40 Million ▼ -14.8%
1992 0.47x $147.40 Million $38.40 Million $314.50 Million ▲ +30.2%
1991 0.36x $62.80 Million $26.50 Million $174.40 Million ▲ +91.2%
1990 0.19x $29.50 Million $29.00 Million $156.60 Million ▼ -58.9%
1989 0.46x $72.90 Million $15.50 Million $159.10 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities