Merck KGaA Financial Flexibility Index

Latest as of June 2026: 0.04x

Merck KGaA financial flexibility index. Merck KGaA (MRK) has a Financial Flexibility Index of 0.04x as of June 2026. Free cash flow of €862.00 Million (operating CF €605.00 Million minus capex €257.00 Million) represents 0% of total liabilities (€22.40 Billion). See cash generation quality of Merck KGaA to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

0.04x
Free Cash Flow / Total Liabilities

Free Cash Flow

€862.00 Million
Operating CF − Capex

Total Liabilities

€22.40 Billion
EUR

Capital Expenditures

€257.00 Million
EUR

Financial Flexibility Index of Merck KGaA (2002–2025)

Financial flexibility index of Merck KGaA from 2002 to 2025. Historical Financial Flexibility Index trend for Merck KGaA across 24 annual periods. Check Merck KGaA (MRK) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

Merck KGaA Financial Flexibility Index by Year (2002–2025)

Merck KGaA financial flexibility index by year from 2002 to 2025. Year-by-year free cash flow to debt coverage for Merck KGaA. For the full cash flow conversion analysis, see MRK operating cash flow.

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