Orange S.A. (ORA) — Financial Flexibility Index

Latest as of June 2026: 0.11x

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). Check Orange S.A. cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

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

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

Historical Financial Flexibility Index trend for Orange S.A. across 29 annual periods. For the full cash flow conversion analysis, see Orange S.A. (ORA) cash flow conversion.

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

Year-by-year free cash flow to debt coverage for Orange S.A.. Explore Orange S.A. (ORA) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.22x €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