Deutsche Lufthansa AG (LHA) — Financial Flexibility Index

Latest as of March 2026: 0.08x

Deutsche Lufthansa AG (LHA) has a Financial Flexibility Index of 0.08x as of March 2026. Free cash flow of €3.09 Billion (operating CF €1.97 Billion minus capex €1.12 Billion) represents 0% of total liabilities (€38.30 Billion). Check LHA strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.08x
Free Cash Flow / Total Liabilities

Free Cash Flow

€3.09 Billion
Operating CF − Capex

Total Liabilities

€38.30 Billion
EUR

Capital Expenditures

€1.12 Billion
EUR

Deutsche Lufthansa AG Financial Flexibility Index (2005–2025)

Historical Financial Flexibility Index trend for Deutsche Lufthansa AG across 21 annual periods. See working capital position of Deutsche Lufthansa AG to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Deutsche Lufthansa AG (2005–2025)

Year-by-year free cash flow to debt coverage for Deutsche Lufthansa AG. For the full company profile including market capitalisation, see LHA market cap.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.22x €8.21 Billion €3.74 Billion €37.71 Billion ▲ +2.2%
2024 0.21x €7.79 Billion €3.89 Billion €36.56 Billion ▼ -13.3%
2023 0.25x €8.96 Billion €4.91 Billion €36.45 Billion ▲ +11.6%
2022 0.22x €7.68 Billion €5.17 Billion €34.86 Billion ▲ +332.7%
2021 0.05x €1.94 Billion €618.00 Million €38.05 Billion ▲ +279.7%
2020 -0.03x €-1.08 Billion €-2.33 Billion €38.10 Billion ▼ -111.8%
2019 0.24x €7.75 Billion €4.03 Billion €32.40 Billion ▼ -16.6%
2018 0.29x €8.21 Billion €4.11 Billion €28.64 Billion ▼ -7.4%
2017 0.31x €8.25 Billion €5.04 Billion €26.67 Billion ▲ +50.3%
2016 0.21x €5.67 Billion €3.25 Billion €27.55 Billion ▼ -11.8%
2015 0.23x €6.21 Billion €3.39 Billion €26.62 Billion ▲ +29.3%
2014 0.18x €4.78 Billion €1.98 Billion €26.44 Billion ▼ -28.1%
2013 0.25x €5.77 Billion €3.29 Billion €22.98 Billion ▼ -3.8%
2012 0.26x €5.25 Billion €2.84 Billion €20.12 Billion ▲ +7.0%
2011 0.24x €4.89 Billion €2.36 Billion €20.04 Billion ▼ -4.7%
2010 0.26x €5.37 Billion €3.08 Billion €20.98 Billion ▲ +18.6%
2009 0.22x €4.36 Billion €1.99 Billion €20.19 Billion ▼ -24.7%
2008 0.29x €4.44 Billion €2.47 Billion €15.49 Billion ▼ -5.5%
2007 0.30x €4.68 Billion €2.86 Billion €15.42 Billion ▲ +21.7%
2006 0.25x €3.63 Billion €2.10 Billion €14.56 Billion ▲ +14.7%
2005 0.22x €3.21 Billion €1.96 Billion €14.75 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities