Orange S.A. Financial Flexibility Index

Latest as of June 2026: 0.11x

Orange S.A. financial flexibility index. Orange S.A. (ORA) has a Financial Flexibility Index of 0.11x as of June 2026. Free cash flow of €9.80 Billion (operating CF €6.28 Billion minus capex €3.53 Billion) represents 0% of total liabilities (€91.25 Billion). Explore Orange S.A. (ORA) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.

Financial Flexibility Index

0.11x
Free Cash Flow / Total Liabilities

Free Cash Flow

€9.80 Billion
Operating CF − Capex

Total Liabilities

€91.25 Billion
EUR

Capital Expenditures

€3.53 Billion
EUR

Financial Flexibility Index of Orange S.A. (1997–2025)

Financial flexibility index of Orange S.A. from 1997 to 2025. Historical Financial Flexibility Index trend for Orange S.A. across 29 annual periods. Check ORA capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.

Orange S.A. Financial Flexibility Index by Year (1997–2025)

Orange S.A. financial flexibility index by year from 1997 to 2025. Year-by-year free cash flow to debt coverage for Orange S.A.. For the full cash flow conversion analysis, see ORA cash generation efficiency.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.22x €18.10 Billion €10.78 Billion €82.15 Billion ▼ -10.4%
2024 0.25x €16.91 Billion €10.20 Billion €68.71 Billion ▼ -7.3%
2023 0.27x €19.88 Billion €12.05 Billion €74.95 Billion ▲ +10.2%
2022 0.24x €20.01 Billion €11.23 Billion €83.17 Billion ▼ -1.9%
2021 0.25x €19.98 Billion €11.24 Billion €81.46 Billion ▼ -8.2%
2020 0.27x €21.24 Billion €12.70 Billion €79.52 Billion ▲ +17.0%
2019 0.23x €18.61 Billion €10.19 Billion €81.50 Billion ▼ -15.6%
2018 0.27x €17.15 Billion €9.51 Billion €63.34 Billion ▼ -5.4%
2017 0.29x €17.70 Billion €10.17 Billion €61.84 Billion ▲ +2.2%
2016 0.28x €17.24 Billion €8.75 Billion €61.57 Billion ▼ -5.8%
2015 0.30x €17.30 Billion €9.53 Billion €58.16 Billion ▲ +29.6%
2014 0.23x €13.01 Billion €8.80 Billion €56.70 Billion ▲ +19.4%
2013 0.19x €11.43 Billion €7.26 Billion €59.50 Billion ▼ -14.6%
2012 0.22x €14.31 Billion €10.02 Billion €63.60 Billion ▼ -23.6%
2011 0.29x €19.59 Billion €12.88 Billion €66.49 Billion ▲ +0.0%
2010 0.29x €18.48 Billion €12.59 Billion €62.73 Billion ▼ -13.1%
2009 0.34x €21.45 Billion €15.32 Billion €63.30 Billion ▼ -2.2%
2008 0.35x €22.27 Billion €15.03 Billion €64.25 Billion ▲ +6.7%
2007 0.32x €21.74 Billion €14.67 Billion €66.96 Billion ▲ +11.1%
2006 0.29x €20.90 Billion €13.86 Billion €71.53 Billion ▲ +21.1%
2005 0.24x €19.50 Billion €13.36 Billion €80.85 Billion ▲ +2.4%
2004 0.24x €18.02 Billion €12.81 Billion €76.54 Billion ▲ +17.3%
2003 0.20x €16.40 Billion €11.30 Billion €81.70 Billion ▲ +8.3%
2002 0.19x €19.77 Billion €11.83 Billion €106.67 Billion ▲ +16.4%
2001 0.16x €15.66 Billion €7.09 Billion €98.34 Billion ▼ -28.2%
2000 0.22x €20.98 Billion €6.63 Billion €94.65 Billion ▼ -42.9%
1999 0.39x €13.12 Billion €8.11 Billion €33.81 Billion ▼ -6.6%
1998 0.42x €11.80 Billion €7.14 Billion €28.42 Billion ▲ +8.6%
1997 0.38x €10.70 Billion €6.18 Billion €27.98 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities