Novavax Inc (NVAX) — Financial Flexibility Index
Novavax Inc (NVAX) has a Financial Flexibility Index of -0.03x as of March 2026. Free cash flow of $-31.15 Million (operating CF $-32.42 Million minus capex $1.27 Million) represents 0% of total liabilities ($1.19 Billion). Check NVAX strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Novavax Inc Financial Flexibility Index (1996–2025)
Historical Financial Flexibility Index trend for Novavax Inc across 30 annual periods. See Novavax Inc current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Novavax Inc (1996–2025)
Year-by-year free cash flow to debt coverage for Novavax Inc. For the full company profile including market capitalisation, see Novavax Inc market capitalisation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.18x | $-239.07 Million | $-244.63 Million | $1.30 Billion | ▼ -439.6% |
| 2024 | -0.03x | $-74.21 Million | $-87.26 Million | $2.18 Billion | ▲ +87.0% |
| 2023 | -0.26x | $-655.16 Million | $-713.97 Million | $2.51 Billion | ▼ -133.4% |
| 2022 | -0.11x | $-322.95 Million | $-415.94 Million | $2.89 Billion | ▼ -185.9% |
| 2021 | 0.13x | $380.43 Million | $322.95 Million | $2.93 Billion | ▲ +927.2% |
| 2020 | 0.01x | $12.08 Million | $-42.54 Million | $955.27 Million | ▲ +103.4% |
| 2019 | -0.38x | $-134.77 Million | $-136.62 Million | $358.97 Million | ▲ +23.1% |
| 2018 | -0.49x | $-183.45 Million | $-184.82 Million | $375.91 Million | ▼ -46.7% |
| 2017 | -0.33x | $-134.51 Million | $-138.70 Million | $404.23 Million | ▲ +43.9% |
| 2016 | -0.59x | $-237.25 Million | $-255.47 Million | $399.85 Million | ▲ +48.6% |
| 2015 | -1.15x | $-107.80 Million | $-126.09 Million | $93.37 Million | ▲ +10.4% |
| 2014 | -1.29x | $-59.75 Million | $-67.01 Million | $46.38 Million | ▼ -6.4% |
| 2013 | -1.21x | $-39.57 Million | $-45.36 Million | $32.70 Million | ▼ -92.6% |
| 2012 | -0.63x | $-13.89 Million | $-18.23 Million | $22.11 Million | ▲ +65.3% |
| 2011 | -1.81x | $-23.02 Million | $-23.63 Million | $12.73 Million | ▲ +8.7% |
| 2010 | -1.98x | $-31.30 Million | $-32.85 Million | $15.79 Million | ▲ +31.2% |
| 2009 | -2.88x | $-32.09 Million | $-32.83 Million | $11.14 Million | ▼ -381.6% |
| 2008 | -0.60x | $-18.62 Million | $-24.31 Million | $31.14 Million | ▲ +31.9% |
| 2007 | -0.88x | $-24.78 Million | $-26.74 Million | $28.23 Million | ▼ -84.1% |
| 2006 | -0.48x | $-13.29 Million | $-14.81 Million | $27.88 Million | ▼ -196.9% |
| 2005 | -0.16x | $-5.58 Million | $-5.81 Million | $34.73 Million | ▲ +74.8% |
| 2004 | -0.64x | $-28.49 Million | $-30.10 Million | $44.71 Million | ▼ -97.8% |
| 2003 | -0.32x | $-15.53 Million | $-17.55 Million | $48.22 Million | ▼ -39.6% |
| 2002 | -0.23x | $-11.40 Million | $-21.07 Million | $49.43 Million | ▼ -309.8% |
| 2001 | -0.06x | $-2.23 Million | $-4.57 Million | $39.62 Million | ▲ +84.9% |
| 2000 | -0.37x | $-9.21 Million | $-10.04 Million | $24.70 Million | ▲ +79.5% |
| 1999 | -1.82x | $-3.10 Million | $-3.70 Million | $1.70 Million | ▲ +57.1% |
| 1998 | -4.25x | $-3.40 Million | $-3.60 Million | $800.00K | ▲ +69.6% |
| 1997 | -14.00x | $-4.20 Million | $-4.20 Million | $300.00K | ▼ -162.5% |
| 1996 | -5.33x | $-3.20 Million | $-3.30 Million | $600.00K | — |