NorthWestern Corporation (NWE) — Financial Flexibility Index
NorthWestern Corporation (NWE) has a Financial Flexibility Index of 0.05x as of June 2026. Free cash flow of $262.51 Million (operating CF $73.82 Million minus capex $188.69 Million) represents 0% of total liabilities ($5.81 Billion). Check NorthWestern Corporation (NWE) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
NorthWestern Corporation Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for NorthWestern Corporation across 32 annual periods. For the full cash flow conversion analysis, see NWE cash flow conversion.
Annual Financial Flexibility Index for NorthWestern Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for NorthWestern Corporation. Explore NorthWestern Corporation (NWE) debt coverage 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 | 0.16x | $918.91 Million | $394.45 Million | $5.57 Billion | ▼ -11.4% |
| 2024 | 0.19x | $955.99 Million | $406.74 Million | $5.14 Billion | ▼ -15.2% |
| 2023 | 0.22x | $1.06 Billion | $489.23 Million | $4.82 Billion | ▲ +24.1% |
| 2022 | 0.18x | $822.38 Million | $307.24 Million | $4.65 Billion | ▲ +20.0% |
| 2021 | 0.15x | $654.31 Million | $219.98 Million | $4.44 Billion | ▼ -16.2% |
| 2020 | 0.18x | $757.91 Million | $352.15 Million | $4.31 Billion | ▲ +11.1% |
| 2019 | 0.16x | $612.70 Million | $296.70 Million | $3.87 Billion | ▼ -12.0% |
| 2018 | 0.18x | $665.95 Million | $381.99 Million | $3.70 Billion | ▲ +8.6% |
| 2017 | 0.17x | $600.05 Million | $323.61 Million | $3.62 Billion | ▲ +9.8% |
| 2016 | 0.15x | $576.91 Million | $289.01 Million | $3.82 Billion | ▼ -11.0% |
| 2015 | 0.17x | $623.52 Million | $339.82 Million | $3.68 Billion | ▲ +13.9% |
| 2014 | 0.15x | $520.42 Million | $250.04 Million | $3.50 Billion | ▼ -5.8% |
| 2013 | 0.16x | $424.17 Million | $193.72 Million | $2.68 Billion | ▼ -14.3% |
| 2012 | 0.18x | $470.43 Million | $251.19 Million | $2.55 Billion | ▲ +2.6% |
| 2011 | 0.18x | $422.49 Million | $233.76 Million | $2.35 Billion | ▼ -10.9% |
| 2010 | 0.20x | $447.29 Million | $218.92 Million | $2.22 Billion | ▲ +32.3% |
| 2009 | 0.15x | $306.16 Million | $116.80 Million | $2.01 Billion | ▼ -5.6% |
| 2008 | 0.16x | $322.89 Million | $198.33 Million | $2.00 Billion | ▼ -12.7% |
| 2007 | 0.19x | $319.05 Million | $201.96 Million | $1.72 Billion | ▲ +12.9% |
| 2006 | 0.16x | $270.95 Million | $169.90 Million | $1.65 Billion | ▲ +17.8% |
| 2005 | 0.14x | $231.39 Million | $150.51 Million | $1.66 Billion | ▲ +2879.8% |
| 2004 | 0.00x | $7.96 Million | $-9.77 Million | $1.70 Billion | ▲ +161.2% |
| 2003 | -0.01x | $-23.12 Million | $-93.86 Million | $3.03 Billion | ▼ -115.9% |
| 2002 | 0.05x | $149.98 Million | $34.04 Million | $3.12 Billion | ▼ -41.7% |
| 2001 | 0.08x | $167.87 Million | $127.00 Million | $2.03 Billion | ▲ +65.1% |
| 2000 | 0.05x | $108.82 Million | $76.72 Million | $2.18 Billion | ▼ -38.1% |
| 1999 | 0.08x | $104.30 Million | $71.70 Million | $1.29 Billion | ▼ -7.3% |
| 1998 | 0.09x | $92.50 Million | $69.90 Million | $1.06 Billion | ▼ -37.0% |
| 1997 | 0.14x | $101.80 Million | $62.70 Million | $736.00 Million | ▼ -12.9% |
| 1996 | 0.16x | $120.60 Million | $60.90 Million | $759.40 Million | ▼ -16.0% |
| 1995 | 0.19x | $75.60 Million | $35.40 Million | $399.70 Million | ▼ -6.7% |
| 1994 | 0.20x | $49.00 Million | $26.30 Million | $241.80 Million | — |