Ciena Corp (CIEN) — Financial Flexibility Index
Ciena Corp (CIEN) has a Financial Flexibility Index of 0.10x as of April 2026. Free cash flow of $300.75 Million (operating CF $259.70 Million minus capex $41.05 Million) represents 0% of total liabilities ($3.15 Billion). Check cash flow reinvestment rate of Ciena Corp to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see CIEN cash flow metrics.
Annual Financial Flexibility Index for Ciena Corp (1997–2025)
Year-by-year free cash flow to debt coverage for Ciena Corp. Explore cash flow to debt ratio of Ciena Corp 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 | $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 | — |