FuelCell Energy Inc (FCEL) — Financial Flexibility Index
FuelCell Energy Inc (FCEL) has a Financial Flexibility Index of -0.10x as of April 2026. Free cash flow of $-26.79 Million (operating CF $-27.30 Million minus capex $504.00K) represents 0% of total liabilities ($274.87 Million). Check FCEL cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
FuelCell Energy Inc Financial Flexibility Index (1992–2025)
Historical Financial Flexibility Index trend for FuelCell Energy Inc across 34 annual periods. For the full cash flow conversion analysis, see FuelCell Energy Inc operating cash flow efficiency.
Annual Financial Flexibility Index for FuelCell Energy Inc (1992–2025)
Year-by-year free cash flow to debt coverage for FuelCell Energy Inc. Explore FCEL debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.51x | $-102.75 Million | $-125.29 Million | $201.00 Million | ▼ -18.6% |
| 2024 | -0.43x | $-93.35 Million | $-152.91 Million | $216.66 Million | ▼ -75.6% |
| 2023 | -0.25x | $-47.89 Million | $-140.25 Million | $195.22 Million | ▲ +30.6% |
| 2022 | -0.35x | $-65.52 Million | $-112.17 Million | $185.33 Million | ▼ -2251.5% |
| 2021 | 0.02x | $2.79 Million | $-70.44 Million | $169.92 Million | ▲ +190.8% |
| 2020 | -0.02x | $-4.87 Million | $-36.78 Million | $269.13 Million | ▼ -210.1% |
| 2019 | 0.02x | $3.25 Million | $-30.57 Million | $197.85 Million | ▼ -96.0% |
| 2018 | 0.41x | $67.58 Million | $16.32 Million | $163.50 Million | ▲ +302.7% |
| 2017 | -0.20x | $-39.77 Million | $-71.84 Million | $194.97 Million | ▲ +11.9% |
| 2016 | -0.23x | $-38.87 Million | $-46.59 Million | $167.88 Million | ▲ +24.0% |
| 2015 | -0.30x | $-37.34 Million | $-44.27 Million | $122.62 Million | ▲ +27.2% |
| 2014 | -0.42x | $-51.17 Million | $-57.47 Million | $122.33 Million | ▼ -690.4% |
| 2013 | -0.05x | $-10.11 Million | $-16.66 Million | $190.97 Million | ▲ +88.5% |
| 2012 | -0.46x | $-54.21 Million | $-58.66 Million | $117.50 Million | ▼ -1678.9% |
| 2011 | -0.03x | $-5.13 Million | $-8.48 Million | $198.00 Million | ▲ +88.6% |
| 2010 | -0.23x | $-32.51 Million | $-34.99 Million | $142.84 Million | ▲ +57.7% |
| 2009 | -0.54x | $-62.62 Million | $-65.20 Million | $116.37 Million | ▼ -24.6% |
| 2008 | -0.43x | $-54.04 Million | $-61.41 Million | $125.11 Million | ▲ +10.1% |
| 2007 | -0.48x | $-51.56 Million | $-55.97 Million | $107.28 Million | ▼ -23.2% |
| 2006 | -0.39x | $-37.12 Million | $-48.41 Million | $95.19 Million | ▼ -14.5% |
| 2005 | -0.34x | $-41.90 Million | $-55.97 Million | $123.04 Million | ▲ +85.7% |
| 2004 | -2.38x | $-56.13 Million | $-64.05 Million | $23.55 Million | ▲ +16.5% |
| 2003 | -2.86x | $-52.20 Million | $-58.84 Million | $18.28 Million | ▼ -30.2% |
| 2002 | -2.19x | $-39.72 Million | $-55.09 Million | $18.10 Million | ▼ -1271.7% |
| 2001 | 0.19x | $2.68 Million | $-16.41 Million | $14.30 Million | ▼ -68.2% |
| 2000 | 0.59x | $4.47 Million | $320.00K | $7.59 Million | ▲ +117.8% |
| 1999 | 0.27x | $1.30 Million | $100.00K | $4.80 Million | ▼ -50.3% |
| 1998 | 0.55x | $4.20 Million | $2.50 Million | $7.70 Million | ▼ -28.0% |
| 1997 | 0.76x | $5.00 Million | $2.20 Million | $6.60 Million | ▲ +115.8% |
| 1996 | 0.35x | $3.30 Million | $1.40 Million | $9.40 Million | ▼ -51.5% |
| 1995 | 0.72x | $8.40 Million | $6.90 Million | $11.60 Million | ▲ +255.5% |
| 1994 | 0.20x | $2.20 Million | $900.00K | $10.80 Million | ▼ -51.4% |
| 1993 | 0.42x | $3.90 Million | $3.20 Million | $9.30 Million | ▲ +263.4% |
| 1992 | 0.12x | $1.20 Million | $-200.00K | $10.40 Million | — |