Topgolf Callaway Brands Corp. (MODG) — Financial Flexibility Index
Topgolf Callaway Brands Corp. (MODG) has a Financial Flexibility Index of 0.06x as of September 2025. Free cash flow of $294.70 Million (operating CF $228.40 Million minus capex $66.30 Million) represents 0% of total liabilities ($5.09 Billion). Check MODG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Topgolf Callaway Brands Corp. Financial Flexibility Index (1991–2024)
Historical Financial Flexibility Index trend for Topgolf Callaway Brands Corp. across 34 annual periods. For the full cash flow conversion analysis, see Topgolf Callaway Brands Corp. cash conversion from operations.
Annual Financial Flexibility Index for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year free cash flow to debt coverage for Topgolf Callaway Brands Corp.. Explore Topgolf Callaway Brands Corp. (MODG) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.13x | $677.40 Million | $382.00 Million | $5.23 Billion | ▼ -19.8% |
| 2023 | 0.16x | $846.70 Million | $364.70 Million | $5.24 Billion | ▲ +56.4% |
| 2022 | 0.10x | $497.20 Million | $-35.10 Million | $4.82 Billion | ▼ -30.1% |
| 2021 | 0.15x | $600.53 Million | $278.26 Million | $4.06 Billion | ▼ -27.9% |
| 2020 | 0.20x | $267.50 Million | $228.24 Million | $1.30 Billion | ▲ +73.2% |
| 2019 | 0.12x | $141.25 Million | $86.55 Million | $1.19 Billion | ▼ -70.8% |
| 2018 | 0.41x | $129.11 Million | $92.28 Million | $318.64 Million | ▼ -6.6% |
| 2017 | 0.43x | $143.90 Million | $117.70 Million | $331.78 Million | ▼ -11.0% |
| 2016 | 0.49x | $93.86 Million | $77.71 Million | $192.68 Million | ▲ +136.6% |
| 2015 | 0.21x | $44.95 Million | $30.58 Million | $218.28 Million | ▲ +44.1% |
| 2014 | 0.14x | $47.63 Million | $36.88 Million | $333.28 Million | ▲ +1225.6% |
| 2013 | 0.01x | $4.09 Million | $-8.95 Million | $379.24 Million | ▲ +132.8% |
| 2012 | -0.03x | $-10.40 Million | $-28.81 Million | $316.21 Million | ▼ -118.1% |
| 2011 | 0.18x | $39.03 Million | $10.10 Million | $214.30 Million | ▲ +8.2% |
| 2010 | 0.17x | $31.85 Million | $9.63 Million | $189.13 Million | ▼ -65.8% |
| 2009 | 0.49x | $81.72 Million | $42.87 Million | $166.05 Million | ▲ +59.0% |
| 2008 | 0.31x | $92.63 Million | $41.62 Million | $299.31 Million | ▼ -52.0% |
| 2007 | 0.64x | $184.91 Million | $151.98 Million | $286.75 Million | ▲ +245.9% |
| 2006 | 0.19x | $49.74 Million | $17.29 Million | $266.84 Million | ▼ -70.0% |
| 2005 | 0.62x | $104.56 Million | $70.30 Million | $168.45 Million | ▲ +168.6% |
| 2004 | 0.23x | $34.52 Million | $8.54 Million | $149.42 Million | ▼ -70.9% |
| 2003 | 0.80x | $126.55 Million | $118.74 Million | $159.18 Million | ▼ -49.0% |
| 2002 | 1.56x | $212.72 Million | $139.21 Million | $136.46 Million | ▲ +53.4% |
| 2001 | 1.02x | $135.43 Million | $100.15 Million | $133.25 Million | ▲ +1.4% |
| 2000 | 1.00x | $119.45 Million | $91.06 Million | $119.19 Million | ▼ -47.9% |
| 1999 | 1.92x | $224.90 Million | $166.30 Million | $116.90 Million | ▲ +257.8% |
| 1998 | 0.54x | $109.00 Million | $30.40 Million | $202.70 Million | ▼ -81.5% |
| 1997 | 2.91x | $233.40 Million | $165.50 Million | $80.30 Million | ▲ +74.5% |
| 1996 | 1.67x | $110.10 Million | $74.70 Million | $66.10 Million | ▼ -13.2% |
| 1995 | 1.92x | $124.90 Million | $95.40 Million | $65.10 Million | ▲ +61.6% |
| 1994 | 1.19x | $67.90 Million | $41.80 Million | $57.20 Million | ▼ -38.8% |
| 1993 | 1.94x | $53.90 Million | $33.00 Million | $27.80 Million | ▲ +46.4% |
| 1992 | 1.32x | $25.30 Million | $13.90 Million | $19.10 Million | ▲ +177.1% |
| 1991 | 0.48x | $6.50 Million | $5.00 Million | $13.60 Million | — |