Waste Connections Inc (WCN) — Financial Flexibility Index
Waste Connections Inc (WCN) has a Financial Flexibility Index of 0.28x as of December 2025. Free cash flow of CA$3.61 Billion (operating CF CA$2.41 Billion minus capex CA$1.19 Billion) represents 0% of total liabilities (CA$12.88 Billion). Check WCN strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Waste Connections Inc Financial Flexibility Index (1997–2025)
Historical Financial Flexibility Index trend for Waste Connections Inc across 29 annual periods. See WCN net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Waste Connections Inc (1997–2025)
Year-by-year free cash flow to debt coverage for Waste Connections Inc. For the full company profile including market capitalisation, see Waste Connections Inc (WCN) total market value.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.28x | CA$3.61 Billion | CA$2.41 Billion | CA$12.88 Billion | ▲ +1.9% |
| 2024 | 0.27x | CA$3.28 Billion | CA$2.23 Billion | CA$11.96 Billion | ▼ -8.3% |
| 2023 | 0.30x | CA$3.06 Billion | CA$2.13 Billion | CA$10.22 Billion | ▲ +2.3% |
| 2022 | 0.29x | CA$2.94 Billion | CA$2.02 Billion | CA$10.02 Billion | ▼ -7.6% |
| 2021 | 0.32x | CA$2.44 Billion | CA$1.70 Billion | CA$7.71 Billion | ▲ +9.0% |
| 2020 | 0.29x | CA$2.07 Billion | CA$1.41 Billion | CA$7.13 Billion | ▼ -10.4% |
| 2019 | 0.32x | CA$2.21 Billion | CA$1.54 Billion | CA$6.80 Billion | ▲ +2.3% |
| 2018 | 0.32x | CA$1.96 Billion | CA$1.41 Billion | CA$6.17 Billion | ▲ +9.3% |
| 2017 | 0.29x | CA$1.67 Billion | CA$1.19 Billion | CA$5.74 Billion | ▲ +41.0% |
| 2016 | 0.21x | CA$1.14 Billion | CA$795.31 Million | CA$5.54 Billion | ▼ -21.0% |
| 2015 | 0.26x | CA$815.83 Million | CA$577.00 Million | CA$3.13 Billion | ▼ 0.0% |
| 2014 | 0.26x | CA$786.50 Million | CA$545.22 Million | CA$3.02 Billion | ▲ +13.3% |
| 2013 | 0.23x | CA$693.93 Million | CA$484.06 Million | CA$3.02 Billion | ▲ +28.9% |
| 2012 | 0.18x | CA$569.84 Million | CA$416.33 Million | CA$3.19 Billion | ▼ -35.1% |
| 2011 | 0.27x | CA$530.09 Million | CA$388.17 Million | CA$1.93 Billion | ▼ -8.3% |
| 2010 | 0.30x | CA$463.23 Million | CA$328.40 Million | CA$1.55 Billion | ▲ +1.6% |
| 2009 | 0.30x | CA$431.89 Million | CA$303.64 Million | CA$1.46 Billion | ▲ +3.4% |
| 2008 | 0.29x | CA$383.90 Million | CA$270.41 Million | CA$1.35 Billion | ▼ -2.2% |
| 2007 | 0.29x | CA$343.30 Million | CA$219.07 Million | CA$1.18 Billion | ▼ -2.1% |
| 2006 | 0.30x | CA$300.75 Million | CA$204.23 Million | CA$1.01 Billion | ▼ -6.6% |
| 2005 | 0.32x | CA$297.29 Million | CA$199.81 Million | CA$931.75 Million | ▼ -3.4% |
| 2004 | 0.33x | CA$250.83 Million | CA$179.62 Million | CA$759.54 Million | ▲ +21.2% |
| 2003 | 0.27x | CA$227.43 Million | CA$157.22 Million | CA$834.53 Million | ▲ +16.1% |
| 2002 | 0.23x | CA$184.69 Million | CA$127.92 Million | CA$787.09 Million | ▲ +6.7% |
| 2001 | 0.22x | CA$127.41 Million | CA$87.20 Million | CA$579.56 Million | ▲ +32.1% |
| 2000 | 0.17x | CA$79.18 Million | CA$53.78 Million | CA$475.90 Million | ▼ -75.8% |
| 1999 | 0.69x | CA$274.20 Million | CA$21.90 Million | CA$398.80 Million | ▼ -11.6% |
| 1998 | 0.78x | CA$68.60 Million | CA$6.10 Million | CA$88.20 Million | ▼ -35.2% |
| 1997 | 1.20x | CA$14.40 Million | CA$2.60 Million | CA$12.00 Million | — |