Arista Networks (ANET) — Financial Flexibility Index
Arista Networks (ANET) has a Financial Flexibility Index of 0.21x as of March 2026. Free cash flow of $1.75 Billion (operating CF $1.69 Billion minus capex $54.50 Million) represents 0% of total liabilities ($8.17 Billion). Check ANET cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Arista Networks Financial Flexibility Index (2012–2025)
Historical Financial Flexibility Index trend for Arista Networks across 14 annual periods. For the full cash flow conversion analysis, see Arista Networks (ANET) cash conversion ratio.
Annual Financial Flexibility Index for Arista Networks (2012–2025)
Year-by-year free cash flow to debt coverage for Arista Networks. Explore debt repayment capacity of Arista Networks to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.63x | $4.49 Billion | $4.37 Billion | $7.08 Billion | ▼ -31.3% |
| 2024 | 0.92x | $3.74 Billion | $3.71 Billion | $4.05 Billion | ▲ +21.8% |
| 2023 | 0.76x | $2.07 Billion | $2.03 Billion | $2.73 Billion | ▲ +166.6% |
| 2022 | 0.28x | $537.46 Million | $492.81 Million | $1.89 Billion | ▼ -53.8% |
| 2021 | 0.62x | $1.08 Billion | $1.02 Billion | $1.76 Billion | ▲ +16.3% |
| 2020 | 0.53x | $750.50 Million | $735.11 Million | $1.42 Billion | ▼ -30.2% |
| 2019 | 0.76x | $978.78 Million | $963.03 Million | $1.29 Billion | ▲ +35.1% |
| 2018 | 0.56x | $526.95 Million | $503.12 Million | $938.59 Million | ▼ -30.7% |
| 2017 | 0.81x | $646.91 Million | $631.63 Million | $798.95 Million | ▲ +229.0% |
| 2016 | 0.25x | $152.86 Million | $131.44 Million | $621.19 Million | ▼ -58.5% |
| 2015 | 0.59x | $220.52 Million | $200.53 Million | $371.74 Million | ▲ +18.7% |
| 2014 | 0.50x | $127.65 Million | $114.52 Million | $255.37 Million | ▲ +160.8% |
| 2013 | 0.19x | $54.96 Million | $34.65 Million | $286.79 Million | ▲ +30.2% |
| 2012 | 0.15x | $29.62 Million | $26.31 Million | $201.26 Million | — |