Apple Inc (AAPL) — Financial Flexibility Index
Apple Inc (AAPL) has a Financial Flexibility Index of 0.19x as of December 2025. Free cash flow of $56.30 Billion (operating CF $53.92 Billion minus capex $2.37 Billion) represents 0% of total liabilities ($291.11 Billion). Check AAPL cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Apple Inc Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Apple Inc across 37 annual periods. For the full cash flow conversion analysis, see Apple Inc (AAPL) cash flow conversion.
Annual Financial Flexibility Index for Apple Inc (1989–2025)
Year-by-year free cash flow to debt coverage for Apple Inc. Explore AAPL operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.44x | $124.20 Billion | $111.48 Billion | $285.51 Billion | ▲ +4.9% |
| 2024 | 0.41x | $127.70 Billion | $118.25 Billion | $308.03 Billion | ▼ -0.9% |
| 2023 | 0.42x | $121.50 Billion | $110.54 Billion | $290.44 Billion | ▼ -4.9% |
| 2022 | 0.44x | $132.86 Billion | $122.15 Billion | $302.08 Billion | ▲ +10.0% |
| 2021 | 0.40x | $115.12 Billion | $104.04 Billion | $287.91 Billion | ▲ +17.5% |
| 2020 | 0.34x | $87.98 Billion | $80.67 Billion | $258.55 Billion | ▲ +5.7% |
| 2019 | 0.32x | $79.89 Billion | $69.39 Billion | $248.03 Billion | ▼ -8.2% |
| 2018 | 0.35x | $90.75 Billion | $77.43 Billion | $258.58 Billion | ▲ +11.3% |
| 2017 | 0.32x | $76.05 Billion | $63.60 Billion | $241.27 Billion | ▼ -22.4% |
| 2016 | 0.41x | $78.56 Billion | $65.82 Billion | $193.44 Billion | ▼ -24.9% |
| 2015 | 0.54x | $92.51 Billion | $81.27 Billion | $171.12 Billion | ▼ -6.1% |
| 2014 | 0.58x | $69.28 Billion | $59.71 Billion | $120.29 Billion | ▼ -22.3% |
| 2013 | 0.74x | $61.83 Billion | $53.67 Billion | $83.45 Billion | ▼ -27.5% |
| 2012 | 1.02x | $59.15 Billion | $50.86 Billion | $57.85 Billion | ▼ -2.7% |
| 2011 | 1.05x | $41.79 Billion | $37.53 Billion | $39.76 Billion | ▲ +39.8% |
| 2010 | 0.75x | $20.60 Billion | $18.59 Billion | $27.39 Billion | ▲ +73.1% |
| 2009 | 0.43x | $11.30 Billion | $10.16 Billion | $26.02 Billion | ▼ -24.6% |
| 2008 | 0.58x | $10.69 Billion | $9.60 Billion | $18.54 Billion | ▲ +0.5% |
| 2007 | 0.57x | $6.21 Billion | $5.47 Billion | $10.81 Billion | ▲ +44.0% |
| 2006 | 0.40x | $2.88 Billion | $2.22 Billion | $7.22 Billion | ▼ -41.8% |
| 2005 | 0.68x | $2.79 Billion | $2.54 Billion | $4.08 Billion | ▲ +83.3% |
| 2004 | 0.37x | $1.11 Billion | $934.00 Million | $2.97 Billion | ▲ +113.6% |
| 2003 | 0.17x | $453.00 Million | $289.00 Million | $2.59 Billion | ▲ +46.4% |
| 2002 | 0.12x | $263.00 Million | $89.00 Million | $2.20 Billion | ▼ -39.9% |
| 2001 | 0.20x | $417.00 Million | $185.00 Million | $2.10 Billion | ▼ -42.6% |
| 2000 | 0.35x | $933.00 Million | $826.00 Million | $2.70 Billion | ▼ -15.8% |
| 1999 | 0.41x | $845.00 Million | $798.00 Million | $2.06 Billion | ▲ +30.9% |
| 1998 | 0.31x | $831.00 Million | $775.00 Million | $2.65 Billion | ▲ +295.1% |
| 1997 | 0.08x | $241.00 Million | $188.00 Million | $3.03 Billion | ▼ -55.2% |
| 1996 | 0.18x | $586.00 Million | $519.00 Million | $3.31 Billion | ▲ +828.7% |
| 1995 | -0.02x | $-81.00 Million | $-240.00 Million | $3.33 Billion | ▼ -107.9% |
| 1994 | 0.31x | $896.58 Million | $737.00 Million | $2.92 Billion | ▲ +315.3% |
| 1993 | -0.14x | $-448.68 Million | $-661.80 Million | $3.15 Billion | ▼ -126.9% |
| 1992 | 0.53x | $1.08 Billion | $883.70 Million | $2.04 Billion | ▲ +163.6% |
| 1991 | 0.20x | $347.00 Million | $128.70 Million | $1.73 Billion | ▼ -74.1% |
| 1990 | 0.78x | $1.19 Billion | $963.90 Million | $1.53 Billion | ▲ +31.0% |
| 1989 | 0.59x | $746.30 Million | $507.30 Million | $1.26 Billion | — |