Companies by Financial Flexibility Index

Companies by financial flexibility index. How much financial flexibility does each company have — measured as free cash flow relative to total liabilities

Companies with Data

31,566

Operating CF, capex, and total liabilities required

Last Updated

Oct 2026

Quarterly + annual filings

Financial Flexibility Index = (Operating Cash Flow − Capital Expenditures) / Total Liabilities
Also expressed as Free Cash Flow / Total Liabilities. Measures how much free cash flow a company generates relative to its total debt obligations. A positive ratio indicates the company generates free cash after capex; a high ratio signals strong financial flexibility to service debt, fund dividends, or invest in growth. Negative values indicate FCF deficits.

Financial Flexibility Index Rankings of Public Companies (October 2026)

Financial flexibility index rankings of public companies for October 2026, covering 31,566 companies. Search or filter the table below to find a company.

Search companies

Filter by country

Rank	Company	Flexibility Index	Free Cash Flow	Total Liabilities	Country	Price	24h Change
29201	Murray & Roberts Holdings Ltd JSE:MUR	-0.36x	ZAC-230.00 Million ≈ $-122.23K	ZAC647.00 Million	South Africa	ZAC1.10	▲ +0.00%
29202	Ascent Resources plc LSE:AST	-0.36x	GBX-894.00K ≈ $-108.77	GBX2.51 Million	UK	GBX0.00	▼ -99.01%
29203	Thalassa Holdings Ltd LSE:THAL	-0.36x	GBX-217.01K ≈ $-26.40	GBX609.62K	UK	GBX23.00	▲ +0.00%
29204	Sparton Resources Inc V:SRI	-0.36x	CA$-199.39K ≈ $-144.24K	CA$560.10K	Canada	CA$0.02	▲ +0.00%
29205	AVIC (Chengdu) UAS Co. Ltd. A SHG:688297	-0.36x	CN¥-1.27 Billion ≈ $-185.57 Million	CN¥3.56 Billion	China	CN¥40.73	▲ +4.97%
29206	ZENTEK LTD. F:ZAY0	-0.36x	€-1.80 Million ≈ $-2.10 Million	€5.04 Million	Germany	€0.38	▼ -2.08%
29207	A SPAC III Acquisition Corp. Class A Ordinary Shares NASDAQ:ASPC	-0.36x	$-191.28K	$535.96K	USA	$10.91	▲ +0.10%
29208	Cluey Ltd AU:CLU	-0.36x	AU$-2.40 Million ≈ $-1.70 Million	AU$6.73 Million	Australia	AU$0.01	▲ +0.00%
29209	Beijing Huaru Technology Co. Ltd. SHE:301302	-0.36x	CN¥-103.23 Million ≈ $-15.11 Million	CN¥288.81 Million	China	CN¥22.25	▲ +6.10%
29210	Straker Ltd AU:STG	-0.36x	AU$-3.24 Million ≈ $-2.29 Million	AU$9.06 Million	Australia	AU$0.13	▲ +0.00%
29211	INNATE PHARMA SP.ADR/1 F:IDDA	-0.36x	€-30.21 Million ≈ $-35.32 Million	€84.42 Million	Germany	€1.06	▼ -9.40%
29212	Arcadia Biosciences Inc NASDAQ:RKDA	-0.36x	$-861.00K	$2.41 Million	USA	$0.17	▼ -18.92%
29213	Dorsavi Ltd AU:DVL	-0.36x	AU$-406.48K ≈ $-287.61K	AU$1.14 Million	Australia	AU$0.02	▲ +4.76%
29214	Elevation Oncology Inc NASDAQ:ELEV	-0.36x	$-12.71 Million	$35.49 Million	USA	$0.37	▲ +0.00%
29215	Opthea Ltd AU:OPT	-0.36x	AU$-91.99 Million ≈ $-65.09 Million	AU$256.70 Million	Australia	AU$0.01	▼ -9.09%
29216	Sagardeep Alloys Limited NSE:SAGARDEEP	-0.36x	Rs-63.59 Million ≈ $-687.67K	Rs177.41 Million	India	Rs28.65	▲ +4.33%
29217	New Horizon Aircraft Ltd NASDAQ:HOVR	-0.36x	$-6.28 Million	$17.52 Million	USA	$1.38	▼ -2.13%
29218	Rajdarshan Industries Limited NSE:ARENTERP	-0.36x	Rs-1.13 Million ≈ $-12.23K	Rs3.15 Million	India	Rs31.83	▼ -4.99%
29219	Elliptic Laboratories AS OL:ELABS	-0.36x	Nkr-11.96 Million ≈ $-1.26 Million	Nkr33.36 Million	Norway	Nkr3.20	▼ -3.61%
29220	4BASEBIO UK SOCIETAS LSE:4BB	-0.36x	GBX-6.97 Million ≈ $-848.53	GBX19.44 Million	UK	GBX525.00	▼ -0.94%
29221	Zhibao Technology Inc. Class A Ordinary Shares NASDAQ:ZBAO	-0.36x	$-12.00 Million	$33.43 Million	USA	$0.63	▼ -33.46%
29222	Pyxis Oncology Inc NASDAQ:PYXS	-0.36x	$-13.27 Million	$36.83 Million	USA	$1.68	▼ -6.67%
29223	RareX Limited F:CK1	-0.36x	€-363.71K ≈ $-425.22K	€1.01 Million	Germany	€0.00	▲ +0.00%
29224	Hyperfine Inc NASDAQ:HYPR	-0.36x	$-5.14 Million	$14.26 Million	USA	$0.76	▼ -3.22%
29225	Schroder British Opportunities Trus LSE:SBO	-0.36x	GBX-527.00K ≈ $-64.12	GBX1.46 Million	UK	GBX64.25	▲ +0.39%
29226	NSX Ltd AU:NSX	-0.36x	AU$-2.24 Million ≈ $-1.59 Million	AU$6.20 Million	Australia	AU$0.04	▲ +0.00%
29227	Everbright Digital Holding Limited Ordinary Shares NASDAQ:EDHL	-0.36x	$-192.51K	$532.65K	USA	$5.59	▲ +2.01%
29228	Cardiff Oncology Inc NASDAQ:CRDF	-0.36x	$-5.97 Million	$16.50 Million	USA	$0.90	▼ -7.22%
29229	African Gold Ltd AU:A1G	-0.36x	AU$-1.17 Million ≈ $-826.35K	AU$3.23 Million	Australia	AU$1.04	▲ +0.00%
29230	LINMON MEDIA LTD -000025 F:8MN	-0.36x	€-301.68 Million ≈ $-352.70 Million	€832.79 Million	Germany	€0.25	▼ -3.85%
29231	Neola Medical AB ST:NEOLA	-0.36x	Skr-2.48 Million ≈ $-267.32K	Skr6.86 Million	Sweden	Skr0.49	▲ +4.27%
29232	mTouche Technology Bhd KLSE:0092	-0.36x	RM-6.97 Million ≈ $-1.75 Million	RM19.25 Million	Malaysia	RM0.03	▲ +0.00%
29233	Tigers Realm Coal Ltd AU:TIG	-0.36x	AU$-16.74 Million ≈ $-11.85 Million	AU$46.17 Million	Australia	AU$0.00	▲ +0.00%
29234	Yotrio Group Co Ltd SHE:002489	-0.36x	CN¥-1.02 Billion ≈ $-149.15 Million	CN¥2.81 Billion	China	CN¥2.73	▲ +0.74%
29235	Blue Star Gold Corp V:BAU	-0.36x	CA$-1.48 Million ≈ $-1.07 Million	CA$4.07 Million	Canada	CA$0.18	▲ +0.00%
29236	Nurix Therapeutics Inc NASDAQ:NRIX	-0.36x	$-54.67 Million	$150.22 Million	USA	$24.42	▼ -2.12%
29237	ADAGENE INC. SP.ADR F:978	-0.36x	€-15.64 Million ≈ $-18.29 Million	€42.91 Million	Germany	€3.08	▼ -2.53%
29238	Painreform Ltd NASDAQ:PRFX	-0.36x	$-991.00K	$2.72 Million	USA	$0.78	▼ -7.64%
29239	Loyal Metals Ltd AU:LLM	-0.36x	AU$-248.00K ≈ $-175.48K	AU$680.00K	Australia	AU$0.45	▼ -0.56%
29240	Leadtek Research Inc TW:2465	-0.37x	NT$-254.96 Million ≈ $-8.03 Million	NT$697.72 Million	Taiwan	NT$86.00	▲ +2.75%
29241	Ensurge Micropower ASA OL:ENSU	-0.37x	Nkr-3.93 Million ≈ $-413.23K	Nkr10.73 Million	Norway	Nkr0.59	▲ +0.17%
29242	Vastra Hamnens Restaurangdrift Ab ST:VH	-0.37x	Skr-1.67 Million ≈ $-179.72K	Skr4.55 Million	Sweden	Skr14.40	▼ -3.36%
29243	Moving iMage Technologies Inc NYSE MKT:MITQ	-0.37x	$-1.64 Million	$4.46 Million	USA	$0.63	▲ +1.95%
29244	NatureCell Co.Ltd KQ:007390	-0.37x	₩-3.16 Billion ≈ $-2.14 Million	₩8.60 Billion	Korea	₩21700.00	▼ -2.03%
29245	Space Com TA:SCC	-0.37x	ILA-64.19 Million ≈ $-172.09K	ILA174.75 Million	Israel	ILA193.90	▼ -0.87%
29246	reAlpha Tech Corp. Common Stock NASDAQ:AIRE	-0.37x	$-3.06 Million	$8.33 Million	USA	$0.99	▼ -5.74%
29247	FBR Ltd AU:FBR	-0.37x	AU$-4.09 Million ≈ $-2.89 Million	AU$11.11 Million	Australia	AU$0.05	▲ +0.00%
29248	Balyo SA PA:BALYO	-0.37x	€-12.79 Million ≈ $-14.96 Million	€34.75 Million	France	€0.60	▲ +0.00%
29249	Midland Exploration Inc V:MD	-0.37x	CA$-691.28K ≈ $-500.06K	CA$1.87 Million	Canada	CA$0.35	▼ -2.82%
29250	Solidion Technology Inc. NASDAQ:STI	-0.37x	$-3.95 Million	$10.69 Million	USA	$4.39	▼ -3.52%
29251	Spenda Ltd AU:SPX	-0.37x	AU$-4.89 Million ≈ $-3.46 Million	AU$13.22 Million	Australia	AU$0.00	▲ +0.00%
29252	Cavendish Hydrogen ASA OL:CAVEN	-0.37x	Nkr-4.70 Million ≈ $-494.58K	Nkr12.70 Million	Norway	Nkr5.35	▲ +6.36%
29253	RC365 Holding PLC LSE:RCGH	-0.37x	GBX-6.53 Million ≈ $-794.47	GBX17.63 Million	UK	GBX5.75	▲ +4.55%
29254	Medigene AG XETRA:MDG1	-0.37x	€-3.39 Million ≈ $-3.97 Million	€9.15 Million	Germany	€0.13	▲ +0.00%
29255	Lycaon Resources Ltd AU:LYN	-0.37x	AU$-36.09K ≈ $-25.53K	AU$97.12K	Australia	AU$0.12	▲ +0.00%
29256	Enteq Upstream LSE:NTQ	-0.37x	GBX-469.00K ≈ $-57.06	GBX1.26 Million	UK	GBX0.49	▲ +0.00%
29257	Tigi Ltd TA:TIGI	-0.37x	ILA-5.45 Million ≈ $-14.60K	ILA14.65 Million	Israel	ILA314.20	▲ +0.00%
29258	TNF Pharmaceuticals, Inc. NASDAQ:TNFA	-0.37x	$-2.07 Million	$5.55 Million	USA	$3.68	▲ +0.00%
29259	Storage Drop Storage Technologies Ltd TA:STRG	-0.37x	ILA-1.21 Million ≈ $-3.24K	ILA3.25 Million	Israel	ILA46.20	▲ +0.22%
29260	Erasca Inc NASDAQ:ERAS	-0.37x	$-27.26 Million	$73.19 Million	USA	$13.39	▼ -9.95%
29261	International Graphite Ltd AU:IG6	-0.37x	AU$-1.71 Million ≈ $-1.21 Million	AU$4.59 Million	Australia	AU$0.04	▲ +0.00%
29262	Gfinity PLC LSE:GFIN	-0.37x	GBX-88.94K ≈ $-10.82	GBX238.54K	UK	GBX0.05	▲ +3.06%
29263	U Power Limited Ordinary Shares NASDAQ:UCAR	-0.37x	$-33.57 Million	$90.03 Million	USA	$3.39	▲ +5.12%
29264	Pacific Empire Minerals Corp F:1YK	-0.37x	€-168.56K ≈ $-197.07K	€451.70K	Germany	€0.02	▲ +14.71%
29265	Maat Pharma SA PA:MAAT	-0.37x	€-15.17 Million ≈ $-17.74 Million	€40.58 Million	France	€0.99	▲ +1.64%
29266	ViroGates A/S CO:VIRO	-0.37x	Dkr-3.73 Million ≈ $-584.37K	Dkr9.98 Million	Denmark	Dkr8.25	▲ +3.13%
29267	Brazil Potash Corp. NYSE:GRO	-0.37x	$-5.76 Million	$15.37 Million	USA	$2.50	▲ +0.00%
29268	Arbe Robotics Ltd NASDAQ:ARBE	-0.37x	$-11.89 Million	$31.71 Million	USA	$0.46	▼ -5.42%
29269	Resource Alam Indonesia Tbk JK:KKGI	-0.38x	Rp-12.59 Million ≈ $-737.97	Rp33.58 Million	Indonesia	Rp264.00	▼ -8.97%
29270	Hurriyet Gazetecilik ve Matbaacilik AS IS:HURGZ	-0.38x	TL-972.97 Million ≈ $-21.79 Million	TL2.59 Billion	Turkey	TL4.43	▼ -3.06%
29271	Atlas Salt Inc V:SALT	-0.38x	CA$-965.08K ≈ $-698.13K	CA$2.57 Million	Canada	CA$1.45	▲ +2.11%
29272	INVENTIVA ADS/1 O.N. F:6IVA	-0.38x	€-104.64 Million ≈ $-122.33 Million	€278.03 Million	Germany	€4.38	▼ -0.45%
29273	Orexo AB ST:ORX	-0.38x	Skr-91.60 Million ≈ $-9.86 Million	Skr243.30 Million	Sweden	Skr5.94	▲ +0.68%
29274	Beta Bionics, Inc. Common Stock NASDAQ:BBNX	-0.38x	$-13.58 Million	$36.02 Million	USA	$16.35	▼ -5.55%
29275	Homebiogas Ltd TA:HMGS	-0.38x	ILA-831.00K ≈ $-2.23K	ILA2.20 Million	Israel	ILA81.40	▼ -2.63%
29276	Lithium Universe Ltd AU:LU7	-0.38x	AU$-973.00K ≈ $-688.46K	AU$2.58 Million	Australia	AU$0.00	▼ -12.50%
29277	ETHZilla Corporation NASDAQ:ETHZ	-0.38x	$-25.27 Billion	$66.88 Billion	USA	$3.53	▼ -7.59%
29278	Australian Vanadium Ltd AU:AVL	-0.38x	AU$-5.15 Million ≈ $-3.64 Million	AU$13.62 Million	Australia	AU$0.19	▲ +5.56%
29279	ReTo Eco-Solutions Inc NASDAQ:RETO	-0.38x	$-2.68 Million	$7.10 Million	USA	$0.89	▼ -3.33%
29280	BPH Energy Ltd AU:BPH	-0.38x	AU$-297.30K ≈ $-210.36K	AU$786.23K	Australia	AU$0.00	▲ +20.00%
29281	Xsolla SPAC 1 Class A Ordinary Shares NASDAQ:XSLL	-0.38x	$-153.19K	$405.10K	USA	$10.00	▲ +0.00%
29282	Electricite et Eaux de Madagascar SA PA:EEM	-0.38x	€-2.57 Million ≈ $-3.00 Million	€6.79 Million	France	€1.80	▲ +0.00%
29283	King River Resources Ltd AU:KRR	-0.38x	AU$-553.98K ≈ $-391.98K	AU$1.46 Million	Australia	AU$0.04	▼ -4.76%
29284	Arcturus Therapeutics Holdings Inc NASDAQ:ARCT	-0.38x	$-19.91 Million	$52.50 Million	USA	$10.34	▼ -8.25%
29285	CPD SA WAR:CPD	-0.38x	zł-369.00K ≈ $-101.55K	zł970.00K	Poland	zł0.68	▼ -2.86%
29286	CZR Resources Ltd AU:CZR	-0.38x	AU$-2.14 Million ≈ $-1.52 Million	AU$5.63 Million	Australia	AU$0.19	▼ -2.56%
29287	Anhui Jinchun Nonwoven Co Ltd SHE:300877	-0.38x	CN¥-103.55 Million ≈ $-15.15 Million	CN¥271.84 Million	China	CN¥24.66	▼ -1.28%
29288	Greenx Metals Ltd AU:GRX	-0.38x	AU$-1.51 Million ≈ $-1.07 Million	AU$3.96 Million	Australia	AU$1.00	▲ +3.09%
29289	USBC, Inc. NYSE MKT:USBC	-0.38x	$-4.63 Million	$12.14 Million	USA	$0.39	▼ -5.13%
29290	Magnora ASA OL:MGN	-0.38x	Nkr-29.80 Million ≈ $-3.14 Million	Nkr78.10 Million	Norway	Nkr20.85	▲ +2.46%
29291	OneMedNet Corp. NASDAQ:ONMD	-0.38x	$-1.87 Million	$4.88 Million	USA	$4.51	▼ -5.05%
29292	Hinova Pharmaceuticals Inc. A SHG:688302	-0.38x	CN¥-97.53 Million ≈ $-14.27 Million	CN¥255.12 Million	China	CN¥28.34	▼ -0.14%
29293	Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret A.S. IS:HKTM	-0.38x	TL-316.81 Million ≈ $-7.10 Million	TL827.76 Million	Turkey	TL12.08	▲ +1.51%
29294	Pulsenmore Ltd. Ordinary Shares NASDAQ:PLSM	-0.38x	$-16.96 Million	$44.31 Million	USA	$1.87	▲ +3.31%
29295	Papyrus Australia Ltd AU:PPY	-0.38x	AU$-529.47K ≈ $-374.64K	AU$1.38 Million	Australia	AU$0.01	▼ -8.33%
29296	Kymera Therapeutics Inc NASDAQ:KYMR	-0.38x	$-53.59 Million	$139.85 Million	USA	$104.78	▼ -3.11%
29297	Hongda SHG:600331	-0.38x	CN¥-225.41 Million ≈ $-32.98 Million	CN¥587.78 Million	China	CN¥11.45	▲ +6.71%
29298	Galmed Pharmaceuticals Ltd NASDAQ:GLMD	-0.38x	$-2.13 Million	$5.54 Million	USA	$3.84	▼ -6.11%
29299	Lao Feng Xiang Co Ltd A SHG:600612	-0.38x	CN¥-2.31 Billion ≈ $-338.13 Million	CN¥6.02 Billion	China	CN¥32.41	▲ +1.63%
29300	Identitii Ltd AU:ID8	-0.38x	AU$-753.21K ≈ $-532.94K	AU$1.96 Million	Australia	AU$0.85	▼ -5.06%

How Companies Are Ranked by Financial Flexibility Index

Companies are ranked by financial flexibility index, calculated as free cash flow (operating cash flow minus capital expenditures) divided by total liabilities, using each company's latest reported financial statements.