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 asset allocation strategy of Merck KGaA to assess the company's strategic physical and investment asset allocation.

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. See Merck KGaA (MRK) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

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

Year-by-year free cash flow to debt coverage for Merck KGaA. For the full company profile including market capitalisation, see how much is Merck KGaA worth.

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