Merck KGaA (MRK) — Financial Flexibility Index

Latest as of December 2025: 0.07x

Merck KGaA (MRK) has a Financial Flexibility Index of 0.07x as of December 2025. Free cash flow of €1.71 Billion (operating CF €1.29 Billion minus capex €419.00 Million) represents 0% of total liabilities (€23.44 Billion). Check Merck KGaA (MRK) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.07x
Free Cash Flow / Total Liabilities

Free Cash Flow

€1.71 Billion
Operating CF − Capex

Total Liabilities

€23.44 Billion
EUR

Capital Expenditures

€419.00 Million
EUR

Merck KGaA Financial Flexibility Index (2002–2025)

Historical Financial Flexibility Index trend for Merck KGaA across 24 annual periods. For the full cash flow conversion analysis, see MRK cash flow conversion.

Annual Financial Flexibility Index for Merck KGaA (2002–2025)

Year-by-year free cash flow to debt coverage for Merck KGaA. Explore Merck KGaA (MRK) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.24x €5.52 Billion €3.93 Billion €23.44 Billion ▼ -25.0%
2024 0.31x €6.77 Billion €4.59 Billion €21.58 Billion ▲ +17.4%
2023 0.27x €5.81 Billion €3.78 Billion €21.74 Billion ▼ -0.8%
2022 0.27x €6.07 Billion €4.26 Billion €22.52 Billion ▲ +6.8%
2021 0.25x €6.04 Billion €4.62 Billion €23.95 Billion ▲ +23.9%
2020 0.20x €5.04 Billion €3.48 Billion €24.78 Billion ▲ +35.9%
2019 0.15x €3.88 Billion €2.86 Billion €25.90 Billion ▼ -9.0%
2018 0.16x €3.23 Billion €2.22 Billion €19.66 Billion ▼ -11.5%
2017 0.19x €4.01 Billion €2.70 Billion €21.55 Billion ▲ +33.7%
2016 0.14x €3.37 Billion €2.52 Billion €24.20 Billion ▲ +21.1%
2015 0.11x €2.89 Billion €2.20 Billion €25.15 Billion ▼ -51.0%
2014 0.23x €3.33 Billion €2.71 Billion €14.21 Billion ▼ -16.7%
2013 0.28x €2.74 Billion €2.23 Billion €9.75 Billion ▲ +7.2%
2012 0.26x €2.95 Billion €2.47 Billion €11.23 Billion ▲ +77.6%
2011 0.15x €1.72 Billion €1.27 Billion €11.63 Billion ▼ -22.3%
2010 0.19x €2.28 Billion €1.78 Billion €12.02 Billion ▼ -29.3%
2009 0.27x €1.94 Billion €1.37 Billion €7.20 Billion ▲ +3.8%
2008 0.26x €1.56 Billion €1.02 Billion €6.02 Billion ▼ -0.5%
2007 0.26x €1.62 Billion €1.22 Billion €6.23 Billion ▼ -0.4%
2006 0.26x €1.12 Billion €811.70 Million €4.30 Billion ▼ 0.0%
2005 0.26x €1.03 Billion €732.50 Million €3.95 Billion ▼ -10.6%
2004 0.29x €826.00 Million €570.90 Million €2.83 Billion ▲ +27.5%
2003 0.23x €1.06 Billion €752.40 Million €4.62 Billion ▲ +50.1%
2002 0.15x €833.50 Million €421.70 Million €5.46 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities