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 asset allocation strategy of McDonald’s Corporation to assess the company's strategic physical and investment asset allocation.
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. See McDonald’s Corporation (MCD) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for McDonald’s Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for McDonald’s Corporation. For the full company profile including market capitalisation, see market value 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 | — |