Air Liquide SA Financial Flexibility Index

Latest as of December 2025: 0.22x

Air Liquide SA financial flexibility index. 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). Explore Air Liquide SA capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.

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

Financial Flexibility Index of Air Liquide SA (2004–2025)

Financial flexibility index of Air Liquide SA from 2004 to 2025. Historical Financial Flexibility Index trend for Air Liquide SA across 22 annual periods. Check Air Liquide SA investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Air Liquide SA Financial Flexibility Index by Year (2004–2025)

Air Liquide SA financial flexibility index by year from 2004 to 2025. Year-by-year free cash flow to debt coverage for Air Liquide SA. For the full cash flow conversion analysis, see AI cash flow conversion.

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