Microsoft Corporation Financial Flexibility Index
Microsoft Corporation financial flexibility index. Microsoft Corporation (MSFT) has a Financial Flexibility Index of 0.29x as of June 2026. Free cash flow of $91.24 Billion (operating CF $55.44 Billion minus capex $35.80 Billion) represents 0% of total liabilities ($315.99 Billion). Explore MSFT capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Microsoft Corporation (1989–2026)
Financial flexibility index of Microsoft Corporation from 1989 to 2026. Historical Financial Flexibility Index trend for Microsoft Corporation across 38 annual periods. Check MSFT capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Microsoft Corporation Financial Flexibility Index by Year (1989–2026)
Microsoft Corporation financial flexibility index by year from 1989 to 2026. Year-by-year free cash flow to debt coverage for Microsoft Corporation. For the full cash flow conversion analysis, see Microsoft Corporation cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.95x | $298.88 Billion | $182.94 Billion | $315.99 Billion | ▲ +29.8% |
| 2025 | 0.73x | $200.71 Billion | $136.16 Billion | $275.52 Billion | ▲ +8.9% |
| 2024 | 0.67x | $163.03 Billion | $118.55 Billion | $243.69 Billion | ▲ +19.0% |
| 2023 | 0.56x | $115.69 Billion | $87.58 Billion | $205.75 Billion | ▼ -1.3% |
| 2022 | 0.57x | $112.92 Billion | $89.03 Billion | $198.30 Billion | ▲ +12.2% |
| 2021 | 0.51x | $97.36 Billion | $76.74 Billion | $191.79 Billion | ▲ +22.1% |
| 2020 | 0.42x | $76.12 Billion | $60.67 Billion | $183.01 Billion | ▲ +15.9% |
| 2019 | 0.36x | $66.11 Billion | $52.19 Billion | $184.23 Billion | ▲ +13.8% |
| 2018 | 0.32x | $55.52 Billion | $43.88 Billion | $176.13 Billion | ▲ +11.6% |
| 2017 | 0.28x | $47.64 Billion | $39.51 Billion | $168.69 Billion | ▼ -17.5% |
| 2016 | 0.34x | $41.67 Billion | $33.33 Billion | $121.70 Billion | ▼ -9.2% |
| 2015 | 0.38x | $35.61 Billion | $29.67 Billion | $94.39 Billion | ▼ -18.0% |
| 2014 | 0.46x | $37.99 Billion | $32.50 Billion | $82.60 Billion | ▼ -11.8% |
| 2013 | 0.52x | $33.09 Billion | $28.83 Billion | $63.49 Billion | ▼ -15.7% |
| 2012 | 0.62x | $33.93 Billion | $31.63 Billion | $54.91 Billion | ▲ +8.7% |
| 2011 | 0.57x | $29.35 Billion | $26.99 Billion | $51.62 Billion | ▼ -12.8% |
| 2010 | 0.65x | $26.05 Billion | $24.07 Billion | $39.94 Billion | ▲ +12.8% |
| 2009 | 0.58x | $22.16 Billion | $19.04 Billion | $38.33 Billion | ▼ -14.9% |
| 2008 | 0.68x | $24.79 Billion | $21.61 Billion | $36.51 Billion | ▲ +8.6% |
| 2007 | 0.63x | $20.06 Billion | $17.80 Billion | $32.07 Billion | ▲ +15.4% |
| 2006 | 0.54x | $15.98 Billion | $14.40 Billion | $29.49 Billion | ▼ -29.4% |
| 2005 | 0.77x | $17.42 Billion | $16.61 Billion | $22.70 Billion | ▼ -4.7% |
| 2004 | 0.81x | $15.73 Billion | $14.63 Billion | $19.54 Billion | ▼ -18.8% |
| 2003 | 0.99x | $16.69 Billion | $15.80 Billion | $16.82 Billion | ▲ +0.4% |
| 2002 | 0.99x | $15.28 Billion | $14.51 Billion | $15.47 Billion | ▼ -21.5% |
| 2001 | 1.26x | $14.53 Billion | $13.42 Billion | $11.54 Billion | ▲ +10.3% |
| 2000 | 1.14x | $12.30 Billion | $11.43 Billion | $10.78 Billion | ▼ -15.3% |
| 1999 | 1.35x | $13.72 Billion | $13.14 Billion | $10.19 Billion | ▼ -15.1% |
| 1998 | 1.59x | $9.09 Billion | $8.43 Billion | $5.73 Billion | ▲ +10.4% |
| 1997 | 1.44x | $5.19 Billion | $4.69 Billion | $3.61 Billion | ▲ +4.4% |
| 1996 | 1.38x | $4.21 Billion | $3.72 Billion | $3.06 Billion | ▼ -2.9% |
| 1995 | 1.42x | $2.48 Billion | $1.99 Billion | $1.75 Billion | ▼ -30.8% |
| 1994 | 2.05x | $1.87 Billion | $1.59 Billion | $913.00 Million | ▼ -11.9% |
| 1993 | 2.33x | $1.31 Billion | $1.07 Billion | $563.00 Million | ▼ -15.0% |
| 1992 | 2.74x | $1.22 Billion | $907.00 Million | $446.90 Million | ▼ -2.3% |
| 1991 | 2.80x | $822.30 Million | $557.90 Million | $293.40 Million | ▲ +19.9% |
| 1990 | 2.34x | $436.40 Million | $278.30 Million | $186.70 Million | ▲ +19.0% |
| 1989 | 1.96x | $311.90 Million | $222.50 Million | $158.80 Million | — |