Elkem ASA (ELK) — Financial Flexibility Index

Latest as of December 2025: 0.05x

Elkem ASA (ELK) has a Financial Flexibility Index of 0.05x as of December 2025. Free cash flow of Nkr1.14 Billion (operating CF Nkr555.00 Million minus capex Nkr580.00 Million) represents 0% of total liabilities (Nkr23.46 Billion). Check ELK capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.05x
Free Cash Flow / Total Liabilities

Free Cash Flow

Nkr1.14 Billion
Operating CF − Capex

Total Liabilities

Nkr23.46 Billion
NOK

Capital Expenditures

Nkr580.00 Million
NOK

Elkem ASA Financial Flexibility Index (2014–2025)

Historical Financial Flexibility Index trend for Elkem ASA across 12 annual periods. For the full cash flow conversion analysis, see Elkem ASA (ELK) cash flow conversion.

Annual Financial Flexibility Index for Elkem ASA (2014–2025)

Year-by-year free cash flow to debt coverage for Elkem ASA. Explore ELK operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (NOK) Operating CF Total Liabilities YoY Change
2025 0.15x Nkr3.50 Billion Nkr1.18 Billion Nkr23.46 Billion ▼ -24.8%
2024 0.20x Nkr5.43 Billion Nkr2.03 Billion Nkr27.41 Billion ▼ -50.6%
2023 0.40x Nkr10.45 Billion Nkr5.08 Billion Nkr26.04 Billion ▼ -28.8%
2022 0.56x Nkr13.53 Billion Nkr9.31 Billion Nkr24.01 Billion ▲ +51.4%
2021 0.37x Nkr8.18 Billion Nkr4.91 Billion Nkr21.98 Billion ▲ +52.4%
2020 0.24x Nkr4.46 Billion Nkr2.11 Billion Nkr18.25 Billion ▼ -1.5%
2019 0.25x Nkr3.98 Billion Nkr1.84 Billion Nkr16.05 Billion ▼ -32.3%
2018 0.37x Nkr6.38 Billion Nkr4.46 Billion Nkr17.41 Billion ▲ +19.1%
2017 0.31x Nkr2.46 Billion Nkr1.53 Billion Nkr8.02 Billion ▲ +9.8%
2016 0.28x Nkr2.06 Billion Nkr1.30 Billion Nkr7.35 Billion ▼ -19.4%
2015 0.35x Nkr2.89 Billion Nkr1.82 Billion Nkr8.31 Billion ▲ +123.5%
2014 0.16x Nkr1.53 Billion Nkr674.29 Million Nkr9.81 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities