NetEase Inc (NTES) — Financial Flexibility Index
NetEase Inc (NTES) has a Financial Flexibility Index of 0.26x as of December 2025. Free cash flow of $14.61 Billion (operating CF $14.47 Billion minus capex $135.84 Million) represents 0% of total liabilities ($56.35 Billion). Check NetEase Inc 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
NetEase Inc Financial Flexibility Index (1999–2025)
Historical Financial Flexibility Index trend for NetEase Inc across 27 annual periods. See how liquid is NetEase Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for NetEase Inc (1999–2025)
Year-by-year free cash flow to debt coverage for NetEase Inc. For the full company profile including market capitalisation, see NTES market cap.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.89x | $50.39 Billion | $49.36 Billion | $56.35 Billion | ▲ +14.2% |
| 2024 | 0.78x | $41.88 Billion | $39.68 Billion | $53.50 Billion | ▲ +14.3% |
| 2023 | 0.68x | $39.61 Billion | $35.33 Billion | $57.84 Billion | ▲ +44.1% |
| 2022 | 0.48x | $30.35 Billion | $27.71 Billion | $63.89 Billion | ▼ -7.9% |
| 2021 | 0.52x | $28.04 Billion | $24.93 Billion | $54.37 Billion | ▲ +7.8% |
| 2020 | 0.48x | $28.18 Billion | $24.89 Billion | $58.88 Billion | ▲ +15.4% |
| 2019 | 0.41x | $20.55 Billion | $17.22 Billion | $49.53 Billion | ▼ -16.4% |
| 2018 | 0.50x | $20.30 Billion | $13.42 Billion | $40.94 Billion | ▼ -11.2% |
| 2017 | 0.56x | $13.74 Billion | $11.89 Billion | $24.60 Billion | ▼ -34.3% |
| 2016 | 0.85x | $16.63 Billion | $15.49 Billion | $19.57 Billion | ▲ +10.4% |
| 2015 | 0.77x | $9.11 Billion | $8.08 Billion | $11.83 Billion | ▼ -18.4% |
| 2014 | 0.94x | $6.48 Billion | $5.86 Billion | $6.86 Billion | ▼ -24.3% |
| 2013 | 1.25x | $5.46 Billion | $5.24 Billion | $4.38 Billion | ▲ +4.1% |
| 2012 | 1.20x | $4.40 Billion | $4.22 Billion | $3.68 Billion | ▼ -37.9% |
| 2011 | 1.93x | $4.52 Billion | $4.07 Billion | $2.35 Billion | ▼ -1.9% |
| 2010 | 1.96x | $2.71 Billion | $2.09 Billion | $1.38 Billion | ▲ +8.2% |
| 2009 | 1.82x | $2.50 Billion | $2.09 Billion | $1.38 Billion | ▼ -30.1% |
| 2008 | 2.60x | $2.15 Billion | $2.02 Billion | $829.04 Million | ▲ +126.0% |
| 2007 | 1.15x | $1.48 Billion | $1.38 Billion | $1.29 Billion | ▼ -3.0% |
| 2006 | 1.18x | $1.74 Billion | $1.60 Billion | $1.47 Billion | ▲ +22.0% |
| 2005 | 0.97x | $1.20 Billion | $1.10 Billion | $1.23 Billion | ▲ +57.9% |
| 2004 | 0.61x | $674.30 Million | $614.15 Million | $1.10 Billion | ▲ +38.2% |
| 2003 | 0.44x | $402.83 Million | $375.00 Million | $905.83 Million | ▼ -86.6% |
| 2002 | 3.32x | $128.44 Million | $115.87 Million | $38.65 Million | ▲ +341.8% |
| 2001 | -1.37x | $-164.62 Million | $-185.72 Million | $119.78 Million | ▼ -86.2% |
| 2000 | -0.74x | $-113.18 Million | $-156.48 Million | $153.37 Million | ▲ +11.3% |
| 1999 | -0.83x | $-6.37 Million | $-15.68 Million | $7.66 Million | — |