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 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

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. See Air Liquide SA short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

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

Year-by-year free cash flow to debt coverage for Air Liquide SA. For the full company profile including market capitalisation, see market cap of Air Liquide SA.

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