Zebra Technologies Corporation (ZBRA) — Financial Flexibility Index
Zebra Technologies Corporation (ZBRA) has a Financial Flexibility Index of 0.04x as of March 2026. Free cash flow of $189.00 Million (operating CF $176.00 Million minus capex $13.00 Million) represents 0% of total liabilities ($4.86 Billion). Check ZBRA capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Zebra Technologies Corporation Financial Flexibility Index (1990–2025)
Historical Financial Flexibility Index trend for Zebra Technologies Corporation across 36 annual periods. For the full cash flow conversion analysis, see Zebra Technologies Corporation (ZBRA) cash conversion ratio.
Annual Financial Flexibility Index for Zebra Technologies Corporation (1990–2025)
Year-by-year free cash flow to debt coverage for Zebra Technologies Corporation. Explore ZBRA debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.20x | $1.00 Billion | $917.00 Million | $4.91 Billion | ▼ -16.6% |
| 2024 | 0.24x | $1.07 Billion | $1.01 Billion | $4.38 Billion | ▲ +1158.6% |
| 2023 | 0.02x | $83.00 Million | $-4.00 Million | $4.27 Billion | ▼ -83.4% |
| 2022 | 0.12x | $563.00 Million | $488.00 Million | $4.80 Billion | ▼ -66.4% |
| 2021 | 0.35x | $1.13 Billion | $1.07 Billion | $3.23 Billion | ▲ +9.6% |
| 2020 | 0.32x | $1.03 Billion | $962.00 Million | $3.23 Billion | ▲ +22.6% |
| 2019 | 0.26x | $746.00 Million | $685.00 Million | $2.87 Billion | ▼ -8.1% |
| 2018 | 0.28x | $849.00 Million | $785.00 Million | $3.00 Billion | ▲ +84.2% |
| 2017 | 0.15x | $528.00 Million | $478.00 Million | $3.44 Billion | ▲ +31.2% |
| 2016 | 0.12x | $449.00 Million | $372.00 Million | $3.84 Billion | ▲ +121.7% |
| 2015 | 0.05x | $216.83 Million | $102.58 Million | $4.11 Billion | ▼ -12.1% |
| 2014 | 0.06x | $271.62 Million | $240.32 Million | $4.53 Billion | ▼ -95.5% |
| 2013 | 1.34x | $216.48 Million | $194.77 Million | $161.15 Million | ▼ -28.9% |
| 2012 | 1.89x | $209.27 Million | $183.33 Million | $110.75 Million | ▲ +114.1% |
| 2011 | 0.88x | $107.77 Million | $79.62 Million | $122.08 Million | ▼ -24.8% |
| 2010 | 1.17x | $174.68 Million | $140.46 Million | $148.83 Million | ▲ +6.0% |
| 2009 | 1.11x | $131.01 Million | $105.70 Million | $118.35 Million | ▼ -7.4% |
| 2008 | 1.19x | $167.45 Million | $125.21 Million | $140.14 Million | ▼ -15.0% |
| 2007 | 1.41x | $184.99 Million | $158.12 Million | $131.59 Million | ▼ -4.3% |
| 2006 | 1.47x | $125.54 Million | $88.25 Million | $85.46 Million | ▼ -15.2% |
| 2005 | 1.73x | $106.88 Million | $92.59 Million | $61.69 Million | ▼ -12.3% |
| 2004 | 1.97x | $127.50 Million | $111.26 Million | $64.57 Million | ▼ -13.1% |
| 2003 | 2.27x | $112.93 Million | $104.52 Million | $49.70 Million | ▲ +1901.1% |
| 2002 | -0.13x | $-4.91 Million | $-13.39 Million | $38.93 Million | ▼ -118.4% |
| 2001 | 0.69x | $23.69 Million | $14.08 Million | $34.55 Million | ▼ -77.2% |
| 2000 | 3.00x | $142.87 Million | $133.92 Million | $47.61 Million | ▲ +296.3% |
| 1999 | 0.76x | $34.30 Million | $23.00 Million | $45.30 Million | ▼ -48.3% |
| 1998 | 1.47x | $57.30 Million | $31.70 Million | $39.10 Million | — |
| 1997 | 0.00x | $0.00 | $-5.30 Million | $24.00 Million | ▼ -100.0% |
| 1996 | 0.33x | $7.50 Million | $1.50 Million | $22.80 Million | ▼ -52.9% |
| 1995 | 0.70x | $16.00 Million | $11.70 Million | $22.90 Million | ▼ -74.6% |
| 1994 | 2.75x | $35.70 Million | $33.60 Million | $13.00 Million | ▲ +250.9% |
| 1993 | 0.78x | $12.60 Million | $10.10 Million | $16.10 Million | ▼ -33.8% |
| 1992 | 1.18x | $14.90 Million | $12.70 Million | $12.60 Million | ▲ +84.0% |
| 1991 | 0.64x | $11.70 Million | $11.00 Million | $18.20 Million | ▼ -73.4% |
| 1990 | 2.42x | $10.40 Million | $9.40 Million | $4.30 Million | — |