Southwest Gas Holdings Inc (SWX) — Financial Flexibility Index
Southwest Gas Holdings Inc (SWX) has a Financial Flexibility Index of 0.07x as of June 2026. Free cash flow of $466.49 Million (operating CF $146.09 Million minus capex $320.40 Million) represents 0% of total liabilities ($6.35 Billion). Check total reinvestment intensity of Southwest Gas Holdings Inc to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Southwest Gas Holdings Inc Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for Southwest Gas Holdings Inc across 32 annual periods. For the full cash flow conversion analysis, see Southwest Gas Holdings Inc operating cash flow efficiency.
Annual Financial Flexibility Index for Southwest Gas Holdings Inc (1994–2025)
Year-by-year free cash flow to debt coverage for Southwest Gas Holdings Inc. Explore cash flow to debt ratio of Southwest Gas Holdings Inc to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.21x | $1.36 Billion | $556.08 Million | $6.47 Billion | ▼ -23.6% |
| 2024 | 0.28x | $2.30 Billion | $1.36 Billion | $8.33 Billion | ▲ +69.0% |
| 2023 | 0.16x | $1.38 Billion | $509.21 Million | $8.46 Billion | ▲ +28.7% |
| 2022 | 0.13x | $1.27 Billion | $407.46 Million | $9.98 Billion | ▲ +47.6% |
| 2021 | 0.09x | $827.01 Million | $111.38 Million | $9.61 Billion | ▼ -65.1% |
| 2020 | 0.25x | $1.45 Billion | $626.08 Million | $5.90 Billion | ▼ -4.5% |
| 2019 | 0.26x | $1.44 Billion | $500.37 Million | $5.58 Billion | ▲ +0.0% |
| 2018 | 0.26x | $1.29 Billion | $528.86 Million | $5.02 Billion | ▲ +14.8% |
| 2017 | 0.22x | $993.60 Million | $369.95 Million | $4.42 Billion | ▼ -22.4% |
| 2016 | 0.29x | $1.13 Billion | $598.39 Million | $3.90 Billion | ▲ +4.9% |
| 2015 | 0.28x | $1.04 Billion | $547.15 Million | $3.75 Billion | ▲ +37.7% |
| 2014 | 0.20x | $743.32 Million | $346.42 Million | $3.71 Billion | ▼ -11.0% |
| 2013 | 0.23x | $710.49 Million | $346.21 Million | $3.15 Billion | ▼ -8.4% |
| 2012 | 0.25x | $782.04 Million | $386.32 Million | $3.18 Billion | ▲ +18.5% |
| 2011 | 0.21x | $633.03 Million | $252.04 Million | $3.05 Billion | ▼ -0.3% |
| 2010 | 0.21x | $586.43 Million | $370.99 Million | $2.82 Billion | ▼ -6.3% |
| 2009 | 0.22x | $622.79 Million | $405.80 Million | $2.80 Billion | ▲ +3.0% |
| 2008 | 0.22x | $599.97 Million | $299.75 Million | $2.78 Billion | ▼ -15.9% |
| 2007 | 0.26x | $688.69 Million | $347.81 Million | $2.69 Billion | ▲ +5.7% |
| 2006 | 0.24x | $626.68 Million | $281.35 Million | $2.58 Billion | ▲ +13.0% |
| 2005 | 0.21x | $531.99 Million | $237.62 Million | $2.48 Billion | ▲ +5.6% |
| 2004 | 0.20x | $454.18 Million | $151.49 Million | $2.23 Billion | ▼ -10.3% |
| 2003 | 0.23x | $448.45 Million | $207.78 Million | $1.98 Billion | ▼ -32.8% |
| 2002 | 0.34x | $581.33 Million | $298.47 Million | $1.72 Billion | ▲ +52.0% |
| 2001 | 0.22x | $388.33 Million | $122.75 Million | $1.75 Billion | ▲ +4.4% |
| 2000 | 0.21x | $348.55 Million | $125.31 Million | $1.64 Billion | ▼ -29.2% |
| 1999 | 0.30x | $408.10 Million | $178.60 Million | $1.36 Billion | ▼ -2.3% |
| 1998 | 0.31x | $398.10 Million | $203.50 Million | $1.29 Billion | ▲ +80.1% |
| 1997 | 0.17x | $226.00 Million | $56.40 Million | $1.32 Billion | ▼ -29.4% |
| 1996 | 0.24x | $271.00 Million | $52.20 Million | $1.12 Billion | ▲ +2.3% |
| 1995 | 0.24x | $264.00 Million | $97.80 Million | $1.12 Billion | ▲ +152.3% |
| 1994 | 0.09x | $257.50 Million | $112.90 Million | $2.75 Billion | — |