McDonald’s Corporation (MCD) — Financial Flexibility Index
McDonald’s Corporation (MCD) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of $3.09 Billion (operating CF $2.41 Billion minus capex $682.00 Million) represents 0% of total liabilities ($61.32 Billion). Check McDonald’s Corporation (MCD) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
McDonald’s Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for McDonald’s Corporation across 37 annual periods. For the full cash flow conversion analysis, see cash flow conversion of McDonald’s Corporation.
Annual Financial Flexibility Index for McDonald’s Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for McDonald’s Corporation. Explore McDonald’s Corporation (MCD) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.23x | $13.92 Billion | $10.55 Billion | $61.30 Billion | ▲ +9.5% |
| 2024 | 0.21x | $12.22 Billion | $9.45 Billion | $58.98 Billion | ▲ +5.4% |
| 2023 | 0.20x | $11.97 Billion | $9.61 Billion | $60.85 Billion | ▲ +19.5% |
| 2022 | 0.16x | $9.29 Billion | $7.39 Billion | $56.44 Billion | ▼ -14.0% |
| 2021 | 0.19x | $11.18 Billion | $9.14 Billion | $58.46 Billion | ▲ +46.3% |
| 2020 | 0.13x | $7.91 Billion | $6.27 Billion | $60.45 Billion | ▼ -30.7% |
| 2019 | 0.19x | $10.52 Billion | $8.12 Billion | $55.72 Billion | ▼ -24.1% |
| 2018 | 0.25x | $9.71 Billion | $6.97 Billion | $39.07 Billion | ▲ +24.4% |
| 2017 | 0.20x | $7.40 Billion | $5.55 Billion | $37.07 Billion | ▼ -15.8% |
| 2016 | 0.24x | $7.88 Billion | $6.06 Billion | $33.23 Billion | ▼ -12.4% |
| 2015 | 0.27x | $8.35 Billion | $6.54 Billion | $30.85 Billion | ▼ -37.7% |
| 2014 | 0.43x | $9.31 Billion | $6.73 Billion | $21.43 Billion | ▼ -9.9% |
| 2013 | 0.48x | $9.95 Billion | $7.12 Billion | $20.62 Billion | ▼ -3.2% |
| 2012 | 0.50x | $10.02 Billion | $6.97 Billion | $20.09 Billion | ▼ -6.2% |
| 2011 | 0.53x | $9.88 Billion | $7.15 Billion | $18.60 Billion | ▲ +8.7% |
| 2010 | 0.49x | $8.48 Billion | $6.34 Billion | $17.34 Billion | ▲ +2.7% |
| 2009 | 0.48x | $7.70 Billion | $5.75 Billion | $16.19 Billion | ▼ -10.9% |
| 2008 | 0.53x | $8.05 Billion | $5.92 Billion | $15.08 Billion | ▲ +10.5% |
| 2007 | 0.48x | $6.82 Billion | $4.88 Billion | $14.11 Billion | ▲ +7.4% |
| 2006 | 0.45x | $6.08 Billion | $4.34 Billion | $13.52 Billion | ▲ +12.4% |
| 2005 | 0.40x | $5.94 Billion | $4.34 Billion | $14.84 Billion | ▼ -0.2% |
| 2004 | 0.40x | $5.47 Billion | $3.90 Billion | $13.64 Billion | ▲ +12.3% |
| 2003 | 0.36x | $4.95 Billion | $3.27 Billion | $13.86 Billion | ▼ -10.1% |
| 2002 | 0.40x | $5.44 Billion | $2.89 Billion | $13.69 Billion | ▲ +5.3% |
| 2001 | 0.38x | $4.93 Billion | $2.69 Billion | $13.05 Billion | ▼ -8.0% |
| 2000 | 0.41x | $5.12 Billion | $2.75 Billion | $12.48 Billion | ▼ -10.8% |
| 1999 | 0.46x | $5.22 Billion | $3.01 Billion | $11.34 Billion | ▼ -0.4% |
| 1998 | 0.46x | $4.76 Billion | $2.77 Billion | $10.32 Billion | ▼ -7.1% |
| 1997 | 0.50x | $4.67 Billion | $2.44 Billion | $9.39 Billion | ▼ -13.4% |
| 1996 | 0.57x | $4.97 Billion | $2.46 Billion | $8.67 Billion | ▼ -9.3% |
| 1995 | 0.63x | $4.36 Billion | $2.30 Billion | $6.89 Billion | ▲ +14.8% |
| 1994 | 0.55x | $3.46 Billion | $1.93 Billion | $6.28 Billion | ▼ -0.1% |
| 1993 | 0.55x | $3.00 Billion | $1.68 Billion | $5.43 Billion | ▲ +24.1% |
| 1992 | 0.45x | $2.58 Billion | $1.43 Billion | $5.79 Billion | ▲ +13.6% |
| 1991 | 0.39x | $2.55 Billion | $1.42 Billion | $6.51 Billion | ▼ -11.5% |
| 1990 | 0.44x | $2.87 Billion | $1.30 Billion | $6.49 Billion | ▼ -11.1% |
| 1989 | 0.50x | $2.80 Billion | $1.25 Billion | $5.62 Billion | — |