McDonald’s Corporation Financial Flexibility Index
McDonald’s Corporation 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). See MCD FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of McDonald’s Corporation (1989–2025)
Financial flexibility index of McDonald’s Corporation from 1989 to 2025. Historical Financial Flexibility Index trend for McDonald’s Corporation across 37 annual periods. Check MCD operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
McDonald’s Corporation Financial Flexibility Index by Year (1989–2025)
McDonald’s Corporation financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for McDonald’s Corporation. For the full cash flow conversion analysis, see cash efficiency ratio of McDonald’s Corporation.
| 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 | — |