CVS Health Corp (CVS) — Financial Flexibility Index

Latest as of December 2025: 0.02x

CVS Health Corp (CVS) has a Financial Flexibility Index of 0.02x as of December 2025. Free cash flow of $4.17 Billion (operating CF $3.39 Billion minus capex $784.00 Million) represents 0% of total liabilities ($185.68 Billion). Check CVS Health Corp strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.02x
Free Cash Flow / Total Liabilities

Free Cash Flow

$4.17 Billion
Operating CF − Capex

Total Liabilities

$185.68 Billion
USD

Capital Expenditures

$784.00 Million
USD

CVS Health Corp Financial Flexibility Index (1989–2025)

Historical Financial Flexibility Index trend for CVS Health Corp across 37 annual periods. See CVS working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for CVS Health Corp (1989–2025)

Year-by-year free cash flow to debt coverage for CVS Health Corp. For the full company profile including market capitalisation, see CVS Health Corp (CVS) total market value.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.07x $13.47 Billion $10.64 Billion $185.68 Billion ▲ +8.3%
2024 0.07x $11.89 Billion $9.11 Billion $177.49 Billion ▼ -29.6%
2023 0.10x $16.46 Billion $13.43 Billion $173.09 Billion ▼ -21.3%
2022 0.12x $18.90 Billion $16.18 Billion $156.51 Billion ▼ -8.4%
2021 0.13x $20.79 Billion $18.27 Billion $157.62 Billion ▲ +16.0%
2020 0.11x $18.30 Billion $15.87 Billion $161.01 Billion ▲ +17.6%
2019 0.10x $15.30 Billion $12.85 Billion $158.28 Billion ▲ +22.3%
2018 0.08x $10.90 Billion $8.87 Billion $137.91 Billion ▼ -54.3%
2017 0.17x $9.93 Billion $8.01 Billion $57.44 Billion ▼ -19.5%
2016 0.21x $12.37 Billion $10.14 Billion $57.63 Billion ▲ +8.7%
2015 0.20x $10.91 Billion $8.54 Billion $55.23 Billion ▼ -30.4%
2014 0.28x $10.27 Billion $8.14 Billion $36.22 Billion ▲ +22.6%
2013 0.23x $7.77 Billion $5.78 Billion $33.59 Billion ▼ -24.1%
2012 0.30x $8.70 Billion $6.67 Billion $28.57 Billion ▲ +4.4%
2011 0.29x $7.73 Billion $5.86 Billion $26.49 Billion ▲ +5.1%
2010 0.28x $6.78 Billion $4.78 Billion $24.43 Billion ▲ +9.1%
2009 0.25x $6.58 Billion $4.04 Billion $25.87 Billion ▲ +9.6%
2008 0.23x $6.13 Billion $3.95 Billion $26.39 Billion ▲ +7.9%
2007 0.22x $5.04 Billion $3.23 Billion $23.40 Billion ▼ -34.7%
2006 0.33x $3.51 Billion $1.74 Billion $10.66 Billion ▼ -26.3%
2005 0.45x $3.11 Billion $1.61 Billion $6.95 Billion ▲ +49.4%
2004 0.30x $2.26 Billion $914.20 Million $7.56 Billion ▼ -35.3%
2003 0.46x $2.09 Billion $968.90 Million $4.52 Billion ▼ -11.1%
2002 0.52x $2.31 Billion $1.20 Billion $4.45 Billion ▲ +51.8%
2001 0.34x $1.39 Billion $680.60 Million $4.07 Billion ▼ -15.4%
2000 0.40x $1.48 Billion $780.20 Million $3.64 Billion ▲ +0.5%
1999 0.40x $1.45 Billion $726.30 Million $3.60 Billion ▲ +81.3%
1998 0.22x $794.70 Million $292.40 Million $3.58 Billion ▲ +217.2%
1997 0.07x $235.80 Million $-105.80 Million $3.36 Billion ▼ -76.2%
1996 0.29x $1.03 Billion $327.20 Million $3.50 Billion ▼ -30.9%
1995 0.43x $988.90 Million $460.00 Million $2.32 Billion ▲ +4.0%
1994 0.41x $919.80 Million $498.40 Million $2.24 Billion ▼ -1.9%
1993 0.42x $806.40 Million $419.70 Million $1.93 Billion ▼ -7.9%
1992 0.45x $923.60 Million $619.30 Million $2.04 Billion ▲ +31.8%
1991 0.34x $650.10 Million $397.00 Million $1.89 Billion ▼ -26.4%
1990 0.47x $796.40 Million $565.30 Million $1.70 Billion ▼ -11.7%
1989 0.53x $693.80 Million $491.20 Million $1.31 Billion
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities