Total payout / FCF
The share of free cash flow consumed by dividends and buybacks together.
Formula
(|Dividends paid| + |share repurchases|) ÷ free cash flow (operating cash flow − |capex|), same period end
Served as: annual · derived. Annual and quarterly observations are never mixed unlabeled.
Where the inputs come from
- Dividend and buyback cash-flow facts
- NetCashProvidedByUsedInOperatingActivities − PaymentsToAcquirePropertyPlantAndEquipment
Listed highest priority first. Every served figure carries its filing, fiscal period and accession; open any value on the financials page to see them.
How to compare it honestly
Above 100% means the payout was funded from cash or debt, not the year's free cash flow - read alongside the balance-sheet trend.
When it is not served
Not computed when capex or OCF is untagged (no FCF) or when free cash flow is not positive - a share of a non-positive base misleads.
Missing data is missing evidence: it is never shown as zero and never treated as a conclusion.
What it cannot tell you
One year's ratio swings with capex timing; it is not a payout policy statement.
Questions worth asking next
- Is the ratio persistent across several years or a single-year spike?
- How did net debt move in the years the ratio exceeded 100%?
Research prompts, not recommendations.
See it computed from filings
Related in cash and conversion: Free cash flow · FCF conversion · Cash conversion of earnings · Cash returned · Dividend payout
Definitions are descriptive and educational. Nothing here is a guaranteed signal or personalized investment advice. How the platform computes and cites every figure.