Polski Koncern Naftowy ORLEN SA (PKN) — Financial Flexibility Index

Latest as of December 2025: 0.19x

Polski Koncern Naftowy ORLEN SA (PKN) has a Financial Flexibility Index of 0.19x as of December 2025. Free cash flow of zł22.57 Billion (operating CF zł12.91 Billion minus capex zł9.66 Billion) represents 0% of total liabilities (zł120.50 Billion). Also explore PKN year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Financial Flexibility Index

0.19x
Free Cash Flow / Total Liabilities

Free Cash Flow

zł22.57 Billion
Operating CF − Capex

Total Liabilities

zł120.50 Billion
PLN

Capital Expenditures

zł9.66 Billion
PLN

Polski Koncern Naftowy ORLEN SA Financial Flexibility Index (2004–2025)

Historical Financial Flexibility Index trend for Polski Koncern Naftowy ORLEN SA across 22 annual periods. Check PKN capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Annual Financial Flexibility Index for Polski Koncern Naftowy ORLEN SA (2004–2025)

Year-by-year free cash flow to debt coverage for Polski Koncern Naftowy ORLEN SA. For the full company profile including market capitalisation, see PKN market cap overview.

Year Flexibility Index Free Cash Flow (PLN) Operating CF Total Liabilities YoY Change
2025 0.65x zł77.15 Billion zł47.22 Billion zł119.09 Billion ▲ +5.0%
2024 0.62x zł67.57 Billion zł36.63 Billion zł109.48 Billion ▼ -12.5%
2023 0.71x zł78.31 Billion zł41.91 Billion zł111.00 Billion ▲ +86.7%
2022 0.38x zł51.17 Billion zł30.95 Billion zł135.37 Billion ▼ -16.5%
2021 0.45x zł24.52 Billion zł13.29 Billion zł54.18 Billion ▲ +26.6%
2020 0.36x zł14.82 Billion zł7.25 Billion zł41.45 Billion ▼ -15.4%
2019 0.42x zł13.77 Billion zł9.32 Billion zł32.59 Billion ▲ +27.2%
2018 0.33x zł9.43 Billion zł4.98 Billion zł28.40 Billion ▼ -30.1%
2017 0.47x zł12.09 Billion zł8.05 Billion zł25.45 Billion ▼ -13.1%
2016 0.55x zł14.36 Billion zł9.33 Billion zł26.27 Billion ▲ +54.9%
2015 0.35x zł8.43 Billion zł5.35 Billion zł23.89 Billion ▲ +35.0%
2014 0.26x zł6.89 Billion zł3.19 Billion zł26.34 Billion ▼ -21.9%
2013 0.33x zł8.07 Billion zł5.67 Billion zł24.09 Billion ▲ +47.2%
2012 0.23x zł5.54 Billion zł3.09 Billion zł24.32 Billion ▲ +158.9%
2011 0.09x zł2.81 Billion zł264.64 Million zł31.93 Billion ▼ -74.5%
2010 0.35x zł9.29 Billion zł5.56 Billion zł26.91 Billion ▲ +31.9%
2009 0.26x zł7.17 Billion zł4.50 Billion zł27.38 Billion ▼ -1.4%
2008 0.27x zł7.02 Billion zł3.05 Billion zł26.44 Billion ▲ +23.7%
2007 0.21x zł5.05 Billion zł1.36 Billion zł23.53 Billion ▼ -5.5%
2006 0.23x zł5.41 Billion zł3.49 Billion zł23.84 Billion ▼ -42.0%
2005 0.39x zł5.52 Billion zł3.50 Billion zł14.09 Billion ▼ -47.9%
2004 0.75x zł5.44 Billion zł3.62 Billion zł7.24 Billion
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities