Thales S.A. (HO) — Financial Flexibility Index

Latest as of June 2025: 0.04x

Thales S.A. (HO) has a Financial Flexibility Index of 0.04x as of June 2025. Free cash flow of €1.12 Billion (operating CF €808.00 Million minus capex €311.30 Million) represents 0% of total liabilities (€31.72 Billion). Check Thales S.A. strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.04x
Free Cash Flow / Total Liabilities

Free Cash Flow

€1.12 Billion
Operating CF − Capex

Total Liabilities

€31.72 Billion
EUR

Capital Expenditures

€311.30 Million
EUR

Thales S.A. Financial Flexibility Index (2001–2024)

Historical Financial Flexibility Index trend for Thales S.A. across 24 annual periods. See working capital position of Thales S.A. to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Thales S.A. (2001–2024)

Year-by-year free cash flow to debt coverage for Thales S.A.. For the full company profile including market capitalisation, see HO stock market capitalisation.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2024 0.10x €3.26 Billion €2.64 Billion €32.43 Billion ▲ +44.0%
2023 0.07x €2.22 Billion €1.60 Billion €31.82 Billion ▼ -47.0%
2022 0.13x €3.57 Billion €3.06 Billion €27.04 Billion ▲ +9.1%
2021 0.12x €3.16 Billion €2.71 Billion €26.12 Billion ▲ +84.0%
2020 0.07x €1.74 Billion €1.35 Billion €26.50 Billion ▼ -26.2%
2019 0.09x €2.27 Billion €1.77 Billion €25.54 Billion ▲ +7.4%
2018 0.08x €1.62 Billion €1.25 Billion €19.58 Billion ▼ -41.1%
2017 0.14x €2.50 Billion €2.06 Billion €17.78 Billion ▲ +35.0%
2016 0.10x €1.86 Billion €1.41 Billion €17.82 Billion ▼ -14.7%
2015 0.12x €2.03 Billion €1.59 Billion €16.62 Billion ▲ +25.9%
2014 0.10x €1.55 Billion €1.06 Billion €15.92 Billion ▲ +12.6%
2013 0.09x €1.51 Billion €1.06 Billion €17.55 Billion ▼ -21.5%
2012 0.11x €1.84 Billion €1.34 Billion €16.75 Billion ▲ +121.2%
2011 0.05x €841.30 Million €577.20 Million €16.95 Billion ▼ -9.1%
2010 0.05x €838.00 Million €522.80 Million €15.34 Billion ▼ -33.2%
2009 0.08x €1.16 Billion €1.16 Billion €14.25 Billion ▲ +39.2%
2008 0.06x €820.80 Million €820.80 Million €13.98 Billion ▼ -17.7%
2007 0.07x €984.90 Million €984.90 Million €13.82 Billion ▼ -22.2%
2006 0.09x €1.17 Billion €753.60 Million €12.73 Billion ▲ +7.9%
2005 0.08x €1.00 Billion €609.60 Million €11.78 Billion ▲ +51.0%
2004 0.06x €669.20 Million €358.60 Million €11.90 Billion ▼ -9.5%
2003 0.06x €1.01 Billion €636.80 Million €16.29 Billion ▲ +37.8%
2002 0.05x €723.40 Million €305.80 Million €16.04 Billion ▼ -35.6%
2001 0.07x €1.20 Billion €667.00 Million €17.18 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities