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.

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Rank	Company	Flexibility Index	Free Cash Flow	Total Liabilities	Country	Price	24h Change
3201	Indian Railway Catering And Tourism Corporation Limited NSE:IRCTC	0.26x	Rs8.60 Billion ≈ $93.00 Million	Rs32.71 Billion	India	Rs455.60	▼ -2.37%
3202	MODULIGHT OY EO 1 F:78W	0.26x	€1.05 Million ≈ $1.23 Million	€4.01 Million	Germany	€0.93	▼ -1.49%
3203	Berentzen Gruppe AG XETRA:BEZ	0.26x	€21.65 Million ≈ $25.31 Million	€82.43 Million	Germany	€6.04	▲ +0.67%
3204	Sanofi SA PA:SAN	0.26x	€14.46 Billion ≈ $16.90 Billion	€55.10 Billion	France	€71.01	▼ -1.29%
3205	Arcure SA PA:ALCUR	0.26x	€2.82 Million ≈ $3.30 Million	€10.76 Million	France	€1.89	▼ -0.79%
3206	Thai Nakarin Hospital Public Company Limited BK:TNH	0.26x	฿134.42 Million ≈ $4.19 Million	฿512.54 Million	Thailand	฿28.50	▲ +0.88%
3207	BKI Investment Company Ltd AU:BKI	0.26x	AU$36.82 Million ≈ $26.05 Million	AU$140.41 Million	Australia	AU$1.77	▼ -0.28%
3208	Zhejiang Sf Oilless Bearing Co Ltd SHE:300817	0.26x	CN¥68.08 Million ≈ $9.96 Million	CN¥259.79 Million	China	CN¥15.98	▲ +1.46%
3209	Transportadora de Gas del Norte SA Class C BA:TGNO4	0.26x	AR$44.56 Billion ≈ $32.24 Million	AR$170.02 Billion	Argentina	AR$3122.50	▼ -1.19%
3210	XAC Automation TWO:5490	0.26x	NT$120.17 Million ≈ $3.79 Million	NT$458.60 Million	Taiwan	NT$24.80	▼ -1.00%
3211	Nurol Gayrimenkul Yatirim Ortakligi AS IS:NUGYO	0.26x	TL103.27 Million ≈ $2.31 Million	TL394.10 Million	Turkey	TL6.27	▼ -2.49%
3212	Saia Inc NASDAQ:SAIA	0.26x	$237.13 Million	$904.98 Million	USA	$331.00	▼ -1.19%
3213	Castle Biosciences Inc NASDAQ:CSTL	0.26x	$23.85 Million	$91.15 Million	USA	$32.17	▲ +0.64%
3214	Aarvee Denims & Exports Limited NSE:AARVEEDEN	0.26x	Rs274.72 Million ≈ $2.97 Million	Rs1.05 Billion	India	Rs136.63	▲ +8.72%
3215	Petronas Gas Bhd KLSE:6033	0.26x	RM1.32 Billion ≈ $331.25 Million	RM5.04 Billion	Malaysia	RM17.20	▼ -0.69%
3216	Wheels India Limited NSE:WHEELS	0.26x	Rs6.10 Billion ≈ $65.94 Million	Rs23.31 Billion	India	Rs2439.40	▼ -0.54%
3217	Mirrabooka Investments Ltd AU:MIR	0.26x	AU$12.56 Million ≈ $8.88 Million	AU$48.01 Million	Australia	AU$2.30	▼ -0.43%
3218	Ningxia Building Materials Group Co Ltd SHG:600449	0.26x	CN¥418.10 Million ≈ $61.18 Million	CN¥1.60 Billion	China	CN¥12.01	▲ +1.09%
3219	Appasia Bhd KLSE:0119	0.26x	RM579.00K ≈ $145.37K	RM2.21 Million	Malaysia	RM0.12	▼ -4.17%
3220	Westlake Chemical Partners LP NYSE:WLKP	0.26x	$115.75 Million	$443.31 Million	USA	$20.91	▲ +0.53%
3221	Edan Instruments Inc SHE:300206	0.26x	CN¥94.39 Million ≈ $13.81 Million	CN¥361.67 Million	China	CN¥10.80	▼ -0.55%
3222	Yihai International Holding Ltd F:YIR	0.26x	€188.84 Million ≈ $220.78 Million	€723.71 Million	Germany	€1.70	▲ +0.00%
3223	Highway 50 Gold Corp V:HWY	0.26x	CA$324.57K ≈ $234.79K	CA$1.24 Million	Canada	CA$0.51	▼ -12.07%
3224	Taiwan Fire & Marine Insurance Co Ltd TW:2832	0.26x	NT$3.00 Billion ≈ $94.46 Million	NT$11.49 Billion	Taiwan	NT$56.70	▼ -0.53%
3225	Novita S.A. WAR:NVT	0.26x	zł12.42 Million ≈ $3.42 Million	zł47.60 Million	Poland	zł109.50	▼ -0.45%
3226	ASAHI KASEI CORP. ADR/2 F:ASA	0.26x	€514.15 Billion ≈ $601.10 Billion	€1.97 Trillion	Germany	€16.00	▲ +0.63%
3227	Xilam Animation PA:XIL	0.26x	€10.70 Million ≈ $12.50 Million	€41.04 Million	France	€3.00	▲ +0.00%
3228	Siegfried Holding Ltd SW:SFZN	0.26x	CHF247.38 Million ≈ $312.75 Million	CHF949.22 Million	Switzerland	CHF71.15	▲ +1.43%
3229	Hanchang Ind.Co.Ltd KQ:079170	0.26x	₩3.62 Billion ≈ $2.45 Million	₩13.88 Billion	Korea	₩5590.00	▲ +0.00%
3230	Karoon Energy Ltd AU:KAR	0.26x	AU$193.08 Million ≈ $136.62 Million	AU$741.60 Million	Australia	AU$1.75	▲ +3.87%
3231	Nuenergy Gas Ltd AU:NGY	0.26x	AU$4.45 Million ≈ $3.15 Million	AU$17.10 Million	Australia	AU$0.02	▼ -9.09%
3232	Shiny Chemical Industrial Co Ltd TW:1773	0.26x	NT$1.48 Billion ≈ $46.57 Million	NT$5.69 Billion	Taiwan	NT$164.00	▼ -3.24%
3233	Sedana Medical AB ST:SEDANA	0.26x	Skr12.76 Million ≈ $1.37 Million	Skr49.06 Million	Sweden	Skr9.44	▼ -5.60%
3234	Poly Plastic Masterbatch Suzhou Co SHE:300905	0.26x	CN¥74.14 Million ≈ $10.85 Million	CN¥285.28 Million	China	CN¥30.44	▼ -0.26%
3235	Sea Harvest Group Ltd JSE:SHG	0.26x	ZAC1.41 Billion ≈ $747.27K	ZAC5.41 Billion	South Africa	ZAC856.00	▼ -1.04%
3236	Taj GVK Hotels & Resorts Limited NSE:TAJGVK	0.26x	Rs936.50 Million ≈ $10.13 Million	Rs3.60 Billion	India	Rs320.45	▼ -1.14%
3237	Palantir Technologies Inc. Class A Common Stock NYSE:PLTR	0.26x	$316.45 Million	$1.22 Billion	USA	$178.15	▲ +0.00%
3238	Changzhou Architectural Research Institute Group Co. Ltd. A SHE:301115	0.26x	CN¥347.17 Million ≈ $50.80 Million	CN¥1.34 Billion	China	CN¥26.99	▼ -2.21%
3239	Guangdong Mingzhu Group Co Ltd SHG:600382	0.26x	CN¥150.84 Million ≈ $22.07 Million	CN¥580.64 Million	China	CN¥5.42	▼ -0.91%
3240	SeaBird Exploration Plc OL:SBX	0.26x	Nkr5.25 Million ≈ $552.87K	Nkr20.23 Million	Norway	Nkr8.84	▲ +0.00%
3241	LGMS Berhad KLSE:0249	0.26x	RM4.39 Million ≈ $1.10 Million	RM16.90 Million	Malaysia	RM0.51	▲ +0.00%
3242	Stampede Drilling Inc V:SDI	0.26x	CA$8.25 Million ≈ $5.97 Million	CA$31.79 Million	Canada	CA$0.24	▲ +2.17%
3243	Niu Technologies F:0O9	0.26x	€531.08 Million ≈ $620.89 Million	€2.05 Billion	Germany	€1.63	▼ -1.81%
3244	Jiangsu Cai Qin Technology Co Ltd SHG:688182	0.26x	CN¥104.29 Million ≈ $15.26 Million	CN¥401.94 Million	China	CN¥22.24	▼ -2.07%
3245	Inoue Rubber (Thailand) Public Company Limited BK:IRC	0.26x	฿291.58 Million ≈ $9.09 Million	฿1.12 Billion	Thailand	฿13.40	▼ -3.60%
3246	Nahar Industrial Enterprises Limited NSE:NAHARINDUS	0.26x	Rs1.79 Billion ≈ $19.35 Million	Rs6.90 Billion	India	Rs129.20	▼ -1.22%
3247	He Bei Cheng De LoLo Co Ltd SHE:000848	0.26x	CN¥311.12 Million ≈ $45.53 Million	CN¥1.20 Billion	China	CN¥8.59	▲ +1.90%
3248	SERESCO (ACC.P.DESD.)-16 F:XV7	0.26x	€8.76 Million ≈ $10.24 Million	€33.81 Million	Germany	€5.75	▲ +0.00%
3249	POZZI MILANO S.P.A. F:7TL	0.26x	€2.32 Million ≈ $2.71 Million	€8.95 Million	Germany	€0.43	▼ -10.37%
3250	Axon Partners Group S.A. MC:APG	0.26x	€1.74 Million ≈ $2.03 Million	€6.70 Million	Spain	€17.00	▲ +0.00%
3251	G5 Entertainment publ AB ST:G5EN	0.26x	Skr28.37 Million ≈ $3.05 Million	Skr109.54 Million	Sweden	Skr66.10	▼ -1.34%
3252	Trufin PLC LSE:TRU	0.26x	GBX3.67 Million ≈ $446.29	GBX14.17 Million	UK	GBX100.00	▲ +0.00%
3253	Mondi Turkey Oluklui Mukavva Kagit ve Ambalaj Sanayi A.S. IS:MNDTR	0.26x	TL746.99 Million ≈ $16.73 Million	TL2.89 Billion	Turkey	TL3.62	▼ -3.72%
3254	CN LGY.PWR.GR.UNSP.ADR/10 F:6WX0	0.26x	€45.74 Billion ≈ $53.48 Billion	€176.73 Billion	Germany	€6.65	▲ +0.76%
3255	Tradegate AG Wertpapierhandelsbank F:T2G	0.26x	€66.53 Million ≈ $77.78 Million	€257.06 Million	Germany	€79.50	▲ +0.00%
3256	Siteminder Ltd AU:SDR	0.26x	AU$24.31 Million ≈ $17.20 Million	AU$93.97 Million	Australia	AU$2.70	▼ -0.74%
3257	Zhejiang Sunrise Garment Group Co Ltd SHG:605138	0.26x	CN¥1.08 Billion ≈ $157.80 Million	CN¥4.17 Billion	China	CN¥5.77	▼ -1.37%
3258	Zhejiang Zuch Technology Co. Ltd. A SHE:301280	0.26x	CN¥380.05 Million ≈ $55.61 Million	CN¥1.47 Billion	China	CN¥36.86	▲ +2.30%
3259	Max Healthcare Institute Limited NSE:MAXHEALTH	0.26x	Rs16.76 Billion ≈ $181.31 Million	Rs64.84 Billion	India	Rs830.00	▼ -1.89%
3260	Seneca Foods Corp A NASDAQ:SENEA	0.26x	$126.24 Million	$488.31 Million	USA	$163.97	▼ -3.69%
3261	VRL Logistics Limited NSE:VRLLOG	0.26x	Rs3.78 Billion ≈ $40.87 Million	Rs14.63 Billion	India	Rs286.85	▲ +2.26%
3262	Solvac S.A. BR:SOLV	0.26x	€55.65 Million ≈ $65.07 Million	€215.41 Million	Belgium	€92.50	▲ +0.54%
3263	Bathurst Resources Ltd F:B0R	0.26x	€6.12 Million ≈ $7.16 Million	€23.69 Million	Germany	€0.21	▲ +0.94%
3264	Sukgyung AT Co. Ltd. KQ:357550	0.26x	₩2.70 Billion ≈ $1.83 Million	₩10.47 Billion	Korea	₩30500.00	▲ +4.45%
3265	Telemasters Holdings Ltd JSE:TLM	0.26x	ZAC4.11 Million ≈ $2.18K	ZAC15.91 Million	South Africa	ZAC100.00	▲ +0.00%
3266	Pegavision TW:6491	0.26x	NT$1.15 Billion ≈ $36.09 Million	NT$4.44 Billion	Taiwan	NT$408.50	▼ -0.85%
3267	TES Co. Ltd KQ:095610	0.26x	₩33.13 Billion ≈ $22.45 Million	₩128.46 Billion	Korea	₩123300.00	▼ -2.76%
3268	Deva Holding AS IS:DEVA	0.26x	TL2.33 Billion ≈ $52.08 Million	TL9.02 Billion	Turkey	TL75.60	▼ -0.98%
3269	ORION Holdings Corp KO:001800	0.26x	₩298.44 Billion ≈ $202.25 Million	₩1.16 Trillion	Korea	₩22900.00	▲ +0.88%
3270	Dynasty Ceramic Public Company Limited BK:DCC	0.26x	฿873.39 Million ≈ $27.22 Million	฿3.39 Billion	Thailand	฿1.32	▲ +0.00%
3271	Peker Gayrimenkul Yatirim Ortakligi AS IS:PEKGY	0.26x	TL849.91 Million ≈ $19.04 Million	TL3.30 Billion	Turkey	TL1.20	▼ -9.09%
3272	Vista Oil Gas ADR NYSE:VIST	0.26x	$1.49 Billion	$5.78 Billion	USA	$70.30	▲ +2.33%
3273	Vista Energy S.A.B. de C.V. BA:VIST	0.26x	AR$1.49 Billion ≈ $1.08 Million	AR$5.78 Billion	Argentina	AR$38420.00	▼ -1.23%
3274	Velesto Energy Bhd KLSE:5243	0.26x	RM90.29 Million ≈ $22.67 Million	RM350.67 Million	Malaysia	RM0.21	▲ +2.44%
3275	Arrowmark Financial Corp NASDAQ:BANX	0.26x	$8.28 Million	$32.21 Million	USA	$19.66	▼ -1.21%
3276	HEBEI YICHEN GRP H YC 05 F:HE2	0.26x	€297.01 Million ≈ $347.24 Million	€1.15 Billion	Germany	€0.03	▲ +6.15%
3277	Big Sky Industrial Inc. NASDAQ:BSIN	0.26x	$4.86 Million	$18.91 Million	USA	$1.46	▲ +2.82%
3278	Shenzhen Mindray Bio-Medical Electronics Co Ltd Class A SHE:300760	0.26x	CN¥3.86 Billion ≈ $565.24 Million	CN¥15.02 Billion	China	CN¥167.55	▲ +0.15%
3279	Kitex Garments Limited NSE:KITEX	0.26x	Rs4.64 Billion ≈ $50.14 Million	Rs18.03 Billion	India	Rs121.75	▼ -0.37%
3280	HOSHIZAKIL UNSP.ADR/025 F:HS00	0.26x	€41.59 Billion ≈ $48.62 Billion	€161.73 Billion	Germany	€6.40	▲ +0.79%
3281	Carisma Therapeutics Inc. NASDAQ:CARM	0.26x	$1.91 Million	$7.42 Million	USA	$0.00	▲ +0.00%
3282	Hunan Gold Corp Ltd SHE:002155	0.26x	CN¥316.01 Million ≈ $46.24 Million	CN¥1.23 Billion	China	CN¥22.13	▲ +0.82%
3283	Altamir SCA PA:LTA	0.26x	€34.83 Million ≈ $40.72 Million	€135.52 Million	France	€22.40	▲ +0.00%
3284	Ramco Industries Limited NSE:RAMCOIND	0.26x	Rs1.17 Billion ≈ $12.65 Million	Rs4.55 Billion	India	Rs306.35	▲ +2.42%
3285	Cogra 48 Société Anonyme PA:ALCOG	0.26x	€3.11 Million ≈ $3.64 Million	€12.10 Million	France	€6.30	▲ +0.32%
3286	Systex Corp TW:6214	0.26x	NT$4.88 Billion ≈ $153.82 Million	NT$19.00 Billion	Taiwan	NT$196.50	▼ -0.51%
3287	Pelita Samudera Shipping Tbk PT JK:PSSI	0.26x	Rp107.78 Billion ≈ $6.32 Million	Rp419.43 Billion	Indonesia	Rp294.00	▼ -6.96%
3288	Saunders International Ltd AU:SND	0.26x	AU$12.97 Million ≈ $9.18 Million	AU$50.47 Million	Australia	AU$0.70	▲ +0.00%
3289	Chengdu KSW Technologies Co. Ltd. A SHG:688283	0.26x	CN¥43.02 Million ≈ $6.30 Million	CN¥167.47 Million	China	CN¥24.12	▲ +0.50%
3290	Ladprao General Hospital Public Company Limited BK:LPH	0.26x	฿207.97 Million ≈ $6.48 Million	฿809.67 Million	Thailand	฿3.58	▲ +0.00%
3291	JCDECAUX SE ADR 1/2/O.N. F:DCS0	0.26x	€1.49 Billion ≈ $1.74 Billion	€5.78 Billion	Germany	€9.45	▼ -1.05%
3292	Steven Madden Ltd NASDAQ:SHOO	0.26x	$221.85 Million	$863.96 Million	USA	$44.96	▼ -0.68%
3293	Gulf Keystone Petroleum Ltd LSE:GKP	0.26x	GBX40.37 Million ≈ $4.91K	GBX157.22 Million	UK	GBX225.00	▲ +3.45%
3294	Xiamen International Airport Co Ltd SHG:600897	0.26x	CN¥220.67 Million ≈ $32.29 Million	CN¥859.64 Million	China	CN¥14.05	▼ -0.85%
3295	Evolution Petroleum Corporation Inc NYSE MKT:EPM	0.26x	$26.11 Million	$101.72 Million	USA	$4.41	▼ -3.29%
3296	Rayonier Inc NYSE:RYN	0.26x	$306.70 Million	$1.20 Billion	USA	$18.69	▼ -1.58%
3297	Anson Resources Limited F:9MY	0.26x	€950.94K ≈ $1.11 Million	€3.71 Million	Germany	€0.03	▼ -0.37%
3298	Zhongrun Resources Investment SHE:000506	0.26x	CN¥153.17 Million ≈ $22.41 Million	CN¥596.93 Million	China	CN¥15.86	▲ +1.08%
3299	Suzhou Delphi Laser Co. Ltd. A SHG:688170	0.26x	CN¥183.55 Million ≈ $26.86 Million	CN¥715.71 Million	China	CN¥47.41	▼ -3.83%
3300	ResMed Inc NYSE:RMD	0.26x	$587.79 Million	$2.29 Billion	USA	$239.77	▲ +0.33%

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.