Ciena Corp (CIEN) — Financial Flexibility Index
Ciena Corp (CIEN) has a Financial Flexibility Index of 0.10x as of January 2026. Free cash flow of $301.53 Million (operating CF $227.65 Million minus capex $73.89 Million) represents 0% of total liabilities ($3.10 Billion). Check strategic asset allocation of Ciena Corp to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Ciena Corp Financial Flexibility Index (1997–2025)
Historical Financial Flexibility Index trend for Ciena Corp across 29 annual periods. See Ciena Corp (CIEN) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Ciena Corp (1997–2025)
Year-by-year free cash flow to debt coverage for Ciena Corp. For the full company profile including market capitalisation, see CIEN company net worth.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.30x | $946.89 Million | $806.09 Million | $3.14 Billion | ▲ +31.0% |
| 2024 | 0.23x | $651.17 Million | $514.53 Million | $2.83 Billion | ▲ +131.1% |
| 2023 | 0.10x | $274.53 Million | $168.33 Million | $2.75 Billion | ▲ +405.4% |
| 2022 | -0.03x | $-76.94 Million | $-167.76 Million | $2.36 Billion | ▼ -109.7% |
| 2021 | 0.34x | $621.20 Million | $541.65 Million | $1.85 Billion | ▼ -2.4% |
| 2020 | 0.34x | $576.32 Million | $493.65 Million | $1.67 Billion | ▲ +24.7% |
| 2019 | 0.28x | $475.72 Million | $413.14 Million | $1.72 Billion | ▲ +70.2% |
| 2018 | 0.16x | $296.88 Million | $229.26 Million | $1.83 Billion | ▼ -10.5% |
| 2017 | 0.18x | $329.48 Million | $234.88 Million | $1.82 Billion | ▼ -3.2% |
| 2016 | 0.19x | $396.70 Million | $289.52 Million | $2.12 Billion | ▲ +19.9% |
| 2015 | 0.16x | $324.22 Million | $262.11 Million | $2.07 Billion | ▲ +142.6% |
| 2014 | 0.06x | $138.03 Million | $89.82 Million | $2.14 Billion | ▲ +37.3% |
| 2013 | 0.05x | $88.49 Million | $44.68 Million | $1.89 Billion | ▼ -40.4% |
| 2012 | 0.08x | $155.19 Million | $107.09 Million | $1.97 Billion | ▲ +500.4% |
| 2011 | -0.02x | $-38.12 Million | $-90.48 Million | $1.94 Billion | ▲ +78.3% |
| 2010 | -0.09x | $-177.80 Million | $-229.01 Million | $1.96 Billion | ▼ -401.8% |
| 2009 | 0.03x | $31.54 Million | $7.42 Million | $1.05 Billion | ▼ -79.1% |
| 2008 | 0.14x | $147.62 Million | $117.62 Million | $1.03 Billion | ▲ +60.0% |
| 2007 | 0.09x | $140.85 Million | $108.74 Million | $1.57 Billion | ▲ +258.5% |
| 2006 | -0.06x | $-61.63 Million | $-79.39 Million | $1.09 Billion | ▲ +73.4% |
| 2005 | -0.21x | $-200.73 Million | $-230.27 Million | $939.86 Million | ▲ +1.2% |
| 2004 | -0.22x | $-212.44 Million | $-245.44 Million | $982.63 Million | ▼ -7.0% |
| 2003 | -0.20x | $-211.61 Million | $-241.16 Million | $1.05 Billion | ▼ -705.6% |
| 2002 | 0.03x | $40.83 Million | $-25.50 Million | $1.22 Billion | ▼ -90.0% |
| 2001 | 0.33x | $395.53 Million | $156.99 Million | $1.19 Billion | ▼ -60.5% |
| 2000 | 0.84x | $182.99 Million | $59.04 Million | $217.37 Million | ▲ +92.3% |
| 1999 | 0.44x | $64.50 Million | $17.70 Million | $147.30 Million | ▼ -65.0% |
| 1998 | 1.25x | $121.90 Million | $35.50 Million | $97.50 Million | ▼ -28.8% |
| 1997 | 1.75x | $146.70 Million | $80.10 Million | $83.60 Million | — |