First Quantum Minerals Ltd (FM) — Financial Flexibility Index
First Quantum Minerals Ltd (FM) has a Financial Flexibility Index of 0.23x as of December 2025. Free cash flow of CA$3.21 Billion (operating CF CA$2.08 Billion minus capex CA$1.13 Billion) represents 0% of total liabilities (CA$14.07 Billion). Check asset allocation strategy of First Quantum Minerals Ltd to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
First Quantum Minerals Ltd Financial Flexibility Index (1997–2025)
Historical Financial Flexibility Index trend for First Quantum Minerals Ltd across 29 annual periods. See First Quantum Minerals Ltd (FM) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for First Quantum Minerals Ltd (1997–2025)
Year-by-year free cash flow to debt coverage for First Quantum Minerals Ltd. For the full company profile including market capitalisation, see market cap of First Quantum Minerals Ltd.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.23x | CA$3.21 Billion | CA$2.08 Billion | CA$13.70 Billion | ▼ -2.6% |
| 2024 | 0.24x | CA$2.94 Billion | CA$1.65 Billion | CA$12.21 Billion | ▲ +14.5% |
| 2023 | 0.21x | CA$2.73 Billion | CA$1.43 Billion | CA$12.98 Billion | ▼ -22.9% |
| 2022 | 0.27x | CA$3.50 Billion | CA$2.33 Billion | CA$12.84 Billion | ▼ -3.3% |
| 2021 | 0.28x | CA$3.88 Billion | CA$2.88 Billion | CA$13.78 Billion | ▲ +79.9% |
| 2020 | 0.16x | CA$2.22 Billion | CA$1.61 Billion | CA$14.20 Billion | ▼ -5.9% |
| 2019 | 0.17x | CA$2.34 Billion | CA$889.00 Million | CA$14.09 Billion | ▼ -48.3% |
| 2018 | 0.32x | CA$4.12 Billion | CA$1.98 Billion | CA$12.81 Billion | ▲ +44.1% |
| 2017 | 0.22x | CA$2.57 Billion | CA$914.00 Million | CA$11.49 Billion | ▼ -0.5% |
| 2016 | 0.22x | CA$2.06 Billion | CA$923.00 Million | CA$9.20 Billion | ▼ -35.0% |
| 2015 | 0.35x | CA$2.76 Billion | CA$1.19 Billion | CA$7.99 Billion | ▼ -21.2% |
| 2014 | 0.44x | CA$3.39 Billion | CA$743.60 Million | CA$7.74 Billion | ▼ -19.4% |
| 2013 | 0.54x | CA$3.47 Billion | CA$868.80 Million | CA$6.38 Billion | ▼ -47.6% |
| 2012 | 1.04x | CA$1.72 Billion | CA$342.50 Million | CA$1.66 Billion | ▼ -19.9% |
| 2011 | 1.29x | CA$1.46 Billion | CA$412.30 Million | CA$1.13 Billion | ▲ +145.5% |
| 2010 | 0.53x | CA$1.12 Billion | CA$761.30 Million | CA$2.13 Billion | ▼ -3.8% |
| 2009 | 0.55x | CA$924.40 Million | CA$562.60 Million | CA$1.69 Billion | ▼ -42.3% |
| 2008 | 0.95x | CA$1.23 Billion | CA$765.40 Million | CA$1.29 Billion | ▼ -2.7% |
| 2007 | 0.98x | CA$860.40 Million | CA$540.80 Million | CA$881.30 Million | ▼ -5.5% |
| 2006 | 1.03x | CA$856.49 Million | CA$549.88 Million | CA$829.11 Million | ▲ +11.5% |
| 2005 | 0.93x | CA$445.55 Million | CA$235.49 Million | CA$481.00 Million | ▲ +29.5% |
| 2004 | 0.72x | CA$223.94 Million | CA$30.69 Million | CA$313.03 Million | ▼ -4.1% |
| 2003 | 0.75x | CA$56.55 Million | CA$15.92 Million | CA$75.83 Million | ▲ +36.4% |
| 2002 | 0.55x | CA$23.01 Million | CA$-4.07 Million | CA$42.11 Million | ▲ +98.9% |
| 2001 | 0.27x | CA$29.14 Million | CA$6.54 Million | CA$106.05 Million | ▲ +177.8% |
| 2000 | 0.10x | CA$9.40 Million | CA$9.40 Million | CA$95.02 Million | ▼ -72.3% |
| 1999 | 0.36x | CA$12.28 Million | CA$9.91 Million | CA$34.34 Million | ▲ +67.0% |
| 1998 | 0.21x | CA$9.26 Million | CA$-1.43 Million | CA$43.24 Million | ▼ -79.1% |
| 1997 | 1.03x | CA$37.24 Million | CA$-1.05 Million | CA$36.32 Million | — |