Microsoft Corporation (MSFT) — Financial Flexibility Index
Microsoft Corporation (MSFT) has a Financial Flexibility Index of 0.28x as of March 2026. Free cash flow of $77.56 Billion (operating CF $46.68 Billion minus capex $30.88 Billion) represents 0% of total liabilities ($279.86 Billion). Check Microsoft Corporation strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Microsoft Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Microsoft Corporation across 37 annual periods. See Microsoft Corporation working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Microsoft Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for Microsoft Corporation. For the full company profile including market capitalisation, see MSFT market cap.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 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 | — |