FuelCell Energy Inc (FCEL) — Financial Flexibility Index
FuelCell Energy Inc (FCEL) has a Financial Flexibility Index of -0.14x as of January 2026. Free cash flow of $-30.96 Million (operating CF $-33.94 Million minus capex $2.98 Million) represents 0% of total liabilities ($214.48 Million). Also explore FCEL shareholders equity momentum to track the company's year-over-year net asset growth rate.
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. Check FuelCell Energy Inc (FCEL) strategic asset index to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for FuelCell Energy Inc (1992–2025)
Year-by-year free cash flow to debt coverage for FuelCell Energy Inc. For the full company profile including market capitalisation, see FCEL stock market capitalisation.
| 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 | — |