Zai Lab Ltd (ZLAB) — Financial Flexibility Index

Latest as of June 2026: -0.13x

Zai Lab Ltd (ZLAB) has a Financial Flexibility Index of -0.13x as of June 2026. Free cash flow of $-61.95 Million (operating CF $-63.41 Million minus capex $1.46 Million) represents 0% of total liabilities ($467.76 Million). Check Zai Lab Ltd (ZLAB) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

-0.13x
Free Cash Flow / Total Liabilities

Free Cash Flow

$-61.95 Million
Operating CF − Capex

Total Liabilities

$467.76 Million
USD

Capital Expenditures

$1.46 Million
USD

Zai Lab Ltd Financial Flexibility Index (2015–2025)

Historical Financial Flexibility Index trend for Zai Lab Ltd across 11 annual periods. For the full cash flow conversion analysis, see ZLAB operating cash flow.

Annual Financial Flexibility Index for Zai Lab Ltd (2015–2025)

Year-by-year free cash flow to debt coverage for Zai Lab Ltd. Explore Zai Lab Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 -0.30x $-137.37 Million $-150.79 Million $456.88 Million ▲ +32.4%
2024 -0.44x $-153.35 Million $-214.87 Million $344.86 Million ▲ +43.7%
2023 -0.79x $-189.69 Million $-198.18 Million $240.18 Million ▲ +59.8%
2022 -1.96x $-342.66 Million $-367.64 Million $174.54 Million ▲ +14.9%
2021 -2.31x $-530.28 Million $-549.23 Million $230.00 Million ▼ -44.0%
2020 -1.60x $-205.39 Million $-216.06 Million $128.29 Million ▲ +44.9%
2019 -2.91x $-175.77 Million $-191.01 Million $60.49 Million ▼ -69.2%
2018 -1.72x $-87.42 Million $-97.54 Million $50.91 Million ▼ -6.8%
2017 -1.61x $-23.25 Million $-32.37 Million $14.46 Million ▼ -654.4%
2016 -0.21x $-29.93 Million $-32.16 Million $140.46 Million ▲ +35.8%
2015 -0.33x $-10.73 Million $-11.46 Million $32.31 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities