Novavax Inc (NVAX) — Financial Flexibility Index
Novavax Inc (NVAX) has a Financial Flexibility Index of -0.06x as of June 2026. Free cash flow of $-74.14 Million (operating CF $-75.41 Million minus capex $1.27 Million) represents 0% of total liabilities ($1.15 Billion). Check total reinvestment intensity of Novavax Inc to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see cash efficiency ratio of Novavax Inc.
Annual Financial Flexibility Index for Novavax Inc (1996–2025)
Year-by-year free cash flow to debt coverage for Novavax Inc. Explore NVAX cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |