Air Liquide SA (AI) — Financial Flexibility Index

Latest as of December 2025: 0.22x

Air Liquide SA (AI) has a Financial Flexibility Index of 0.22x as of December 2025. Free cash flow of €5.51 Billion (operating CF €3.50 Billion minus capex €2.01 Billion) represents 0% of total liabilities (€24.97 Billion). Check AI cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.22x
Free Cash Flow / Total Liabilities

Free Cash Flow

€5.51 Billion
Operating CF − Capex

Total Liabilities

€24.97 Billion
EUR

Capital Expenditures

€2.01 Billion
EUR

Air Liquide SA Financial Flexibility Index (2004–2025)

Historical Financial Flexibility Index trend for Air Liquide SA across 22 annual periods. For the full cash flow conversion analysis, see Air Liquide SA (AI) cash flow conversion.

Annual Financial Flexibility Index for Air Liquide SA (2004–2025)

Year-by-year free cash flow to debt coverage for Air Liquide SA. Explore cash flow to debt ratio of Air Liquide SA to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.41x €10.20 Billion €6.35 Billion €24.97 Billion ▲ +0.6%
2024 0.41x €9.85 Billion €6.32 Billion €24.25 Billion ▼ -2.0%
2023 0.41x €9.66 Billion €6.26 Billion €23.29 Billion ▲ +13.9%
2022 0.36x €9.08 Billion €5.81 Billion €24.95 Billion ▲ +6.3%
2021 0.34x €8.49 Billion €5.57 Billion €24.78 Billion ▲ +0.4%
2020 0.34x €7.84 Billion €5.21 Billion €22.97 Billion ▲ +13.0%
2019 0.30x €7.35 Billion €4.71 Billion €24.34 Billion ▲ +3.0%
2018 0.29x €6.97 Billion €4.72 Billion €23.77 Billion ▲ +10.7%
2017 0.26x €6.44 Billion €4.25 Billion €24.31 Billion ▲ +20.0%
2016 0.22x €5.96 Billion €3.70 Billion €26.99 Billion ▼ -26.6%
2015 0.30x €4.86 Billion €2.83 Billion €16.17 Billion ▼ -5.4%
2014 0.32x €4.73 Billion €2.83 Billion €14.90 Billion ▼ -9.0%
2013 0.35x €4.96 Billion €2.80 Billion €14.21 Billion ▲ +7.8%
2012 0.32x €4.72 Billion €2.71 Billion €14.56 Billion ▲ +9.5%
2011 0.30x €4.18 Billion €2.43 Billion €14.13 Billion ▲ +2.7%
2010 0.29x €3.87 Billion €2.42 Billion €13.43 Billion ▼ -3.9%
2009 0.30x €3.86 Billion €2.45 Billion €12.87 Billion ▼ -2.9%
2008 0.31x €4.20 Billion €2.29 Billion €13.60 Billion ▲ +5.5%
2007 0.29x €3.46 Billion €2.10 Billion €11.82 Billion ▼ -1.5%
2006 0.30x €2.89 Billion €1.77 Billion €9.73 Billion ▲ +11.3%
2005 0.27x €2.70 Billion €1.72 Billion €10.08 Billion ▼ -1.0%
2004 0.27x €2.35 Billion €1.45 Billion €8.71 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities