Harvey Norman Holdings Ltd (HVN) — Free Cash Flow Generation Index
Harvey Norman Holdings Ltd (HVN) has a Free Cash Flow Generation Index of 0.83x as of December 2025. Free cash flow of AU$325.91 Million represents 1% of operating cash flow (AU$392.88 Million). See HVN net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Harvey Norman Holdings Ltd Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for Harvey Norman Holdings Ltd across 32 annual periods. Explore debt repayment capacity of Harvey Norman Holdings Ltd to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Harvey Norman Holdings Ltd (1991–2025)
Year-by-year Free Cash Flow Generation Index for Harvey Norman Holdings Ltd. For the full company profile including market capitalisation, see HVN market cap overview.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.74x | AU$510.74 Million | AU$694.30 Million | AU$183.56 Million | ▲ +2.2% |
| 2024 | 0.72x | AU$494.37 Million | AU$686.53 Million | AU$192.16 Million | ▼ -0.6% |
| 2023 | 0.72x | AU$492.60 Million | AU$680.26 Million | AU$187.66 Million | ▼ -13.9% |
| 2022 | 0.84x | AU$502.38 Million | AU$597.30 Million | AU$94.92 Million | ▲ +3.1% |
| 2021 | 0.82x | AU$443.57 Million | AU$543.87 Million | AU$100.30 Million | ▼ -10.5% |
| 2020 | 0.91x | AU$963.06 Million | AU$1.06 Billion | AU$93.91 Million | ▲ +21.9% |
| 2019 | 0.75x | AU$278.62 Million | AU$372.85 Million | AU$94.22 Million | ▼ -5.8% |
| 2018 | 0.79x | AU$360.27 Million | AU$454.17 Million | AU$93.89 Million | ▲ +0.4% |
| 2017 | 0.79x | AU$335.77 Million | AU$425.14 Million | AU$89.37 Million | ▼ -6.5% |
| 2016 | 0.84x | AU$369.54 Million | AU$437.69 Million | AU$68.16 Million | ▲ +0.7% |
| 2015 | 0.84x | AU$285.44 Million | AU$340.45 Million | AU$55.01 Million | ▲ +3.7% |
| 2014 | 0.81x | AU$273.96 Million | AU$338.94 Million | AU$64.97 Million | ▲ +16.7% |
| 2013 | 0.69x | AU$165.64 Million | AU$239.22 Million | AU$73.58 Million | ▲ +50.6% |
| 2012 | 0.46x | AU$92.40 Million | AU$200.94 Million | AU$108.55 Million | ▼ -12.3% |
| 2011 | 0.52x | AU$188.19 Million | AU$358.97 Million | AU$170.78 Million | ▼ -33.0% |
| 2010 | 0.78x | AU$302.78 Million | AU$386.87 Million | AU$84.09 Million | ▲ +8.1% |
| 2009 | 0.72x | AU$320.23 Million | AU$442.50 Million | AU$122.27 Million | ▲ +16.5% |
| 2008 | 0.62x | AU$179.77 Million | AU$289.45 Million | AU$109.68 Million | ▼ -10.0% |
| 2007 | 0.69x | AU$306.78 Million | AU$444.43 Million | AU$137.66 Million | ▲ +594.1% |
| 2006 | -0.14x | AU$-22.32 Million | AU$159.76 Million | AU$182.08 Million | ▼ -19469.3% |
| 2005 | 0.00x | AU$-132.00K | AU$184.92 Million | AU$185.05 Million | ▲ +98.4% |
| 2004 | -0.04x | AU$-8.35 Million | AU$189.44 Million | AU$197.79 Million | ▲ +97.0% |
| 2003 | -1.49x | AU$-161.08 Million | AU$108.38 Million | AU$161.08 Million | ▼ -822.1% |
| 2002 | 0.21x | AU$38.89 Million | AU$188.95 Million | AU$150.06 Million | ▲ +118.5% |
| 2001 | -1.11x | AU$-67.87 Million | AU$61.15 Million | AU$129.02 Million | ▲ +2.5% |
| 2000 | -1.14x | AU$-138.71 Million | AU$121.87 Million | AU$138.71 Million | ▲ +14.2% |
| 1997 | -1.33x | AU$-39.39 Million | AU$29.70 Million | AU$69.08 Million | ▼ -2277.7% |
| 1996 | 0.06x | AU$4.13 Million | AU$67.79 Million | AU$63.66 Million | ▲ +108.3% |
| 1995 | -0.74x | AU$-11.84 Million | AU$16.05 Million | AU$27.89 Million | ▲ +67.6% |
| 1994 | -2.27x | AU$-17.01 Million | AU$7.48 Million | AU$24.49 Million | ▲ +11.8% |
| 1992 | -2.58x | AU$-4.41 Million | AU$1.71 Million | AU$6.12 Million | ▼ -574.2% |
| 1991 | -0.38x | AU$-3.78 Million | AU$9.89 Million | AU$13.67 Million | — |