Pan American Silver Corp (PAAS) — Financial Flexibility Index

Latest as of March 2026: 0.22x

Pan American Silver Corp (PAAS) has a Financial Flexibility Index of 0.22x as of March 2026. Free cash flow of CA$610.00 Million (operating CF CA$505.00 Million minus capex CA$105.00 Million) represents 0% of total liabilities (CA$2.78 Billion). Check Pan American Silver Corp (PAAS) strategic investment index to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.22x
Free Cash Flow / Total Liabilities

Free Cash Flow

CA$610.00 Million
Operating CF − Capex

Total Liabilities

CA$2.78 Billion
CAD

Capital Expenditures

CA$105.00 Million
CAD

Pan American Silver Corp Financial Flexibility Index (1996–2025)

Historical Financial Flexibility Index trend for Pan American Silver Corp across 30 annual periods. See working capital position of Pan American Silver Corp to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Pan American Silver Corp (1996–2025)

Year-by-year free cash flow to debt coverage for Pan American Silver Corp. For the full company profile including market capitalisation, see PAAS market cap.

Year Flexibility Index Free Cash Flow (CAD) Operating CF Total Liabilities YoY Change
2025 0.63x CA$1.72 Billion CA$1.40 Billion CA$2.74 Billion ▲ +49.3%
2024 0.42x CA$1.05 Billion CA$724.10 Million CA$2.49 Billion ▲ +24.0%
2023 0.34x CA$829.20 Million CA$450.20 Million CA$2.44 Billion ▲ +16.0%
2022 0.29x CA$306.60 Million CA$31.91 Million CA$1.05 Billion ▼ -59.3%
2021 0.72x CA$635.59 Million CA$392.11 Million CA$882.58 Million ▼ -7.0%
2020 0.77x CA$640.87 Million CA$462.31 Million CA$828.04 Million ▲ +57.2%
2019 0.49x CA$489.38 Million CA$282.03 Million CA$993.84 Million ▼ -31.9%
2018 0.72x CA$306.83 Million CA$154.98 Million CA$424.13 Million ▼ -11.7%
2017 0.82x CA$387.01 Million CA$224.56 Million CA$472.28 Million ▼ -2.0%
2016 0.84x CA$417.46 Million CA$214.80 Million CA$499.14 Million ▲ +47.9%
2015 0.57x CA$235.43 Million CA$88.69 Million CA$416.42 Million ▼ -1.1%
2014 0.57x CA$255.95 Million CA$124.19 Million CA$447.94 Million ▲ +18.5%
2013 0.48x CA$279.01 Million CA$119.61 Million CA$578.67 Million ▼ -9.7%
2012 0.53x CA$353.22 Million CA$193.31 Million CA$661.25 Million ▼ -61.2%
2011 1.38x CA$481.74 Million CA$359.45 Million CA$349.71 Million ▲ +130.4%
2010 0.60x CA$325.63 Million CA$242.26 Million CA$544.55 Million ▲ +73.5%
2009 0.34x CA$168.72 Million CA$115.97 Million CA$489.56 Million ▼ -81.4%
2008 1.85x CA$336.79 Million CA$92.98 Million CA$182.00 Million ▲ +58.2%
2007 1.17x CA$184.53 Million CA$67.36 Million CA$157.80 Million ▲ +13.6%
2006 1.03x CA$162.90 Million CA$65.90 Million CA$158.29 Million ▲ +47.9%
2005 0.70x CA$70.40 Million CA$10.76 Million CA$101.16 Million ▲ +205.3%
2004 0.23x CA$20.18 Million CA$3.13 Million CA$88.50 Million ▲ +59.6%
2003 0.14x CA$13.69 Million CA$-3.83 Million CA$95.79 Million ▼ -37.6%
2002 0.23x CA$9.04 Million CA$-742.00K CA$39.47 Million ▲ +62.6%
2001 0.14x CA$4.60 Million CA$-2.09 Million CA$32.64 Million ▼ -81.6%
2000 0.76x CA$19.51 Million CA$615.00K CA$25.54 Million ▼ -63.0%
1999 2.06x CA$26.68 Million CA$-3.32 Million CA$12.93 Million ▲ +9.5%
1998 1.88x CA$16.93 Million CA$-4.59 Million CA$8.98 Million ▲ +35.6%
1997 1.39x CA$15.95 Million CA$1.89 Million CA$11.47 Million ▲ +121.1%
1996 0.63x CA$4.45 Million CA$-1.75 Million CA$7.08 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities