Novavax Inc (NVAX) — Cash Flow-to-Debt Ratio
Latest as of March 2026:
-0.03x
Novavax Inc (NVAX) has a Cash Flow-to-Debt Ratio of -0.03x as of March 2026, meaning its operating cash flow of $-32.42 Million could theoretically repay 0% of its total liabilities ($1.19 Billion) in one year. See NVAX free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
-0.03x
Operating CF / Total Liabilities
Operating Cash Flow
$-32.42 Million
USD
Total Liabilities
$1.19 Billion
USD
Data as of
Mar 2026
Most recent filing
Novavax Inc Cash Flow-to-Debt Ratio (1996–2025)
Historical debt coverage capacity for Novavax Inc across 30 annual periods. Also explore Novavax Inc annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Novavax Inc (1996–2025)
Year-by-year debt coverage analysis for Novavax Inc. For market capitalisation and broader financial context, see NVAX market cap.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.19x | $-244.63 Million | $1.30 Billion | ▼ -369.5% |
| 2024 | -0.04x | $-87.26 Million | $2.18 Billion | ▲ +85.9% |
| 2023 | -0.28x | $-713.97 Million | $2.51 Billion | ▼ -97.5% |
| 2022 | -0.14x | $-415.94 Million | $2.89 Billion | ▼ -230.4% |
| 2021 | 0.11x | $322.95 Million | $2.93 Billion | ▲ +347.6% |
| 2020 | -0.04x | $-42.54 Million | $955.27 Million | ▲ +88.3% |
| 2019 | -0.38x | $-136.62 Million | $358.97 Million | ▲ +22.6% |
| 2018 | -0.49x | $-184.82 Million | $375.91 Million | ▼ -43.3% |
| 2017 | -0.34x | $-138.70 Million | $404.23 Million | ▲ +46.3% |
| 2016 | -0.64x | $-255.47 Million | $399.85 Million | ▲ +52.7% |
| 2015 | -1.35x | $-126.09 Million | $93.37 Million | ▲ +6.5% |
| 2014 | -1.44x | $-67.01 Million | $46.38 Million | ▼ -4.2% |
| 2013 | -1.39x | $-45.36 Million | $32.70 Million | ▼ -68.2% |
| 2012 | -0.82x | $-18.23 Million | $22.11 Million | ▲ +55.6% |
| 2011 | -1.86x | $-23.63 Million | $12.73 Million | ▲ +10.7% |
| 2010 | -2.08x | $-32.85 Million | $15.79 Million | ▲ +29.4% |
| 2009 | -2.95x | $-32.83 Million | $11.14 Million | ▼ -277.5% |
| 2008 | -0.78x | $-24.31 Million | $31.14 Million | ▲ +17.6% |
| 2007 | -0.95x | $-26.74 Million | $28.23 Million | ▼ -78.3% |
| 2006 | -0.53x | $-14.81 Million | $27.88 Million | ▼ -217.6% |
| 2005 | -0.17x | $-5.81 Million | $34.73 Million | ▲ +75.2% |
| 2004 | -0.67x | $-30.10 Million | $44.71 Million | ▼ -85.0% |
| 2003 | -0.36x | $-17.55 Million | $48.22 Million | ▲ +14.6% |
| 2002 | -0.43x | $-21.07 Million | $49.43 Million | ▼ -269.8% |
| 2001 | -0.12x | $-4.57 Million | $39.62 Million | ▲ +71.7% |
| 2000 | -0.41x | $-10.04 Million | $24.70 Million | ▲ +81.3% |
| 1999 | -2.18x | $-3.70 Million | $1.70 Million | ▲ +51.6% |
| 1998 | -4.50x | $-3.60 Million | $800.00K | ▲ +67.9% |
| 1997 | -14.00x | $-4.20 Million | $300.00K | ▼ -154.5% |
| 1996 | -5.50x | $-3.30 Million | $600.00K | — |
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.