Thales

Thales FCF/Debt

The Free Cash Flow to Debt Ratio of Thales (HO.PA) as of Nov 12, 2026 is 123.69 %. In the previous year, Free Cash Flow to Debt Ratio was 26.20 % — a change of 372.14% (higher).

FCF/Debt

123.69 %

YoY

372.14%

Last updated:

Free Cash Flow to Debt Ratio of Thales is 2025 123.69 % . Free Cash Flow to Debt Ratio of Thales was 2024 26.20 % . It decreases by 372.14% higher compared to the previous year.

The Thales FCF/Debt history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

FCF/Debt
Date
FCF/Debt
Jan 1, 2018
32.27 EUR
Jan 1, 2019
20.19 EUR
Jan 1, 2020
12.51 EUR
Jan 1, 2021
38.17 EUR
Jan 1, 2022
46.88 EUR
Jan 1, 2023
11.57 EUR
Jan 1, 2024
26.20 EUR
Jan 1, 2025
123.69 EUR
The Thales FCF/Debt history
YEARFCF/DebtYoY
123.69 %+372.14%
26.20 %+126.39%
11.57 %-75.32%
46.88 %+22.81%
38.17 %+205.27%
12.51 %-38.06%
20.19 %-37.43%
32.27 %-66.67%
96.82 %+56.31%
61.94 %-17.67%
75.23 %+107.13%
36.32 %—

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Thales Stock analysis

What does Thales do? Thales SA is a French company that was originally founded in 1893 as a manufacturer of measuring instruments. Today, it is one of the leading providers of solutions and products for the defense and aerospace industries, as well as digital security and the transportation sector. Thales' business model is based on customized, innovative solutions that help customers meet their security and mobility needs. Thales offers a wide portfolio of products and services, including air traffic management systems, radar, sonar, and communication systems, as well as cybersecurity solutions and ticketing systems for public transportation. Thales is divided into four business segments: Defense & Security, Aerospace, Transport, and Digital Identity and Security. In the Defense & Security sector, Thales offers various products and services aimed at improving national security and defense. The product range includes communication systems, cybersecurity solutions, air and sea surveillance systems, and control facilities. In the Aerospace division, Thales provides civil and military aviation solutions. The offerings range from commercial avionics systems and flight safety solutions to satellites and unmanned aerial vehicles. The Transport segment includes solutions and systems for public transportation, including ticketing, train control, and signaling systems. Thales is an important partner for cities and transportation companies in ensuring reliable and secure public transportation. In the Digital Identity and Security field, Thales offers solutions for digital security, authentication, and identity management to protect the privacy and security of individuals and organizations. The offered products include digital signatures, encryption, and authentication solutions integrated into cloud computing systems. Over the years, Thales has developed numerous groundbreaking products and technologies, including the TopOwl helmet-mounted display system, which provides pilots with improved visibility in poor weather conditions, and the Sotas system, which offers encryption and secure communication for military forces. Thales has also made a name for itself through its efforts in sustainability and social responsibility. The company is committed to reducing its ecological footprint and driving the development of clean energy technologies. Thales also engages in social projects and supports initiatives to promote education and science. Overall, Thales is a company with a rich history and a strong presence in the defense, aerospace, transportation, and security industries. With its broad portfolio of solutions and products, Thales will continue to play an important role in providing innovative technologies and solutions to meet the needs of its customers. Thales is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Thales stock

Free Cash Flow to Debt Ratio of Thales is 123.69 % in 2025.

Free Cash Flow to Debt Ratio of Thales changed from 26.20 % to 123.69 %, representing a 372.14% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Free Cash Flow to Debt Ratio Thales since 2006 – with annual values, charts, and detailed analysis.

FCF/Debt measures the percentage of total debt that could be repaid from free cash flow. It is a stricter measure than OCF/Debt as it accounts for capital expenditures.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Free Cash Flow to Debt Ratio's Thales with sector peers and the industry average to assess whether it is attractive.

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Leverage — Thales

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