Novartis AG (NOVN) — Cash Flow Quality Index
Latest as of March 2026:
1.16x
Novartis AG (NOVN) has a Cash Flow Quality Index of 1.16x as of March 2026. Operating cash flow of CHF3.60 Billion exceeds net income of CHF3.09 Billion, indicating high earnings quality where cash backs reported profits. Explore Novartis AG (NOVN) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.16x
Operating CF / Net Income
Operating Cash Flow
CHF3.60 Billion
CHF
Net Income
CHF3.09 Billion
CHF
Data as of
Mar 2026
Most recent filing
Novartis AG Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Novartis AG across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see NOVN cash generation efficiency.
Annual Cash Flow Quality Index for Novartis AG (1999–2025)
Year-by-year earnings quality comparison for Novartis AG.
| Year | Quality Index | Operating CF (CHF) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.37x | CHF20.05 Billion | CHF14.65 Billion | ▼ -7.2% |
| 2024 | 1.48x | CHF17.62 Billion | CHF11.94 Billion | ▼ -12.5% |
| 2023 | 1.69x | CHF14.46 Billion | CHF8.57 Billion | ▼ -17.6% |
| 2022 | 2.05x | CHF14.24 Billion | CHF6.96 Billion | ▲ +226.2% |
| 2021 | 0.63x | CHF15.07 Billion | CHF24.02 Billion | ▼ -62.9% |
| 2020 | 1.69x | CHF13.65 Billion | CHF8.07 Billion | ▼ -11.3% |
| 2019 | 1.91x | CHF13.62 Billion | CHF7.15 Billion | ▲ +68.5% |
| 2018 | 1.13x | CHF14.27 Billion | CHF12.61 Billion | ▼ -30.9% |
| 2017 | 1.64x | CHF12.62 Billion | CHF7.70 Billion | ▼ -4.4% |
| 2016 | 1.71x | CHF11.47 Billion | CHF6.70 Billion | ▲ +1.2% |
| 2015 | 1.69x | CHF11.90 Billion | CHF7.03 Billion | ▲ +30.7% |
| 2014 | 1.30x | CHF13.90 Billion | CHF10.73 Billion | ▼ -8.6% |
| 2013 | 1.42x | CHF13.17 Billion | CHF9.29 Billion | ▼ -3.9% |
| 2012 | 1.48x | CHF14.19 Billion | CHF9.62 Billion | ▼ -4.7% |
| 2011 | 1.55x | CHF14.31 Billion | CHF9.24 Billion | ▲ +9.7% |
| 2010 | 1.41x | CHF14.07 Billion | CHF9.97 Billion | ▼ -2.1% |
| 2009 | 1.44x | CHF12.19 Billion | CHF8.45 Billion | ▲ +20.5% |
| 2008 | 1.20x | CHF9.77 Billion | CHF8.16 Billion | ▼ -15.0% |
| 2007 | 1.41x | CHF9.21 Billion | CHF6.54 Billion | ▲ +13.5% |
| 2006 | 1.24x | CHF8.71 Billion | CHF7.02 Billion | ▼ -5.7% |
| 2005 | 1.32x | CHF8.08 Billion | CHF6.14 Billion | ▲ +12.8% |
| 2004 | 1.17x | CHF6.72 Billion | CHF5.77 Billion | ▼ -12.1% |
| 2003 | 1.33x | CHF6.65 Billion | CHF5.02 Billion | ▲ +18.8% |
| 2002 | 1.12x | CHF5.83 Billion | CHF5.22 Billion | ▲ +6.8% |
| 2001 | 1.05x | CHF4.43 Billion | CHF4.24 Billion | ▼ -1.0% |
| 2000 | 1.06x | CHF4.64 Billion | CHF4.39 Billion | ▲ +2.0% |
| 1999 | 1.04x | CHF4.33 Billion | CHF4.19 Billion | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.