Macerich Company (MAC) — Financial Flexibility Index
Macerich Company (MAC) has a Financial Flexibility Index of 0.05x as of June 2026. Free cash flow of $281.03 Million (operating CF $144.25 Million minus capex $136.78 Million) represents 0% of total liabilities ($5.62 Billion). Check Macerich Company 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
Macerich Company Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for Macerich Company across 32 annual periods. For the full cash flow conversion analysis, see Macerich Company (MAC) cash flow conversion.
Annual Financial Flexibility Index for Macerich Company (1994–2025)
Year-by-year free cash flow to debt coverage for Macerich Company. Explore Macerich Company 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 | 0.11x | $654.95 Million | $321.60 Million | $5.84 Billion | ▲ +42.3% |
| 2024 | 0.08x | $451.09 Million | $283.44 Million | $5.72 Billion | ▼ -12.3% |
| 2023 | 0.09x | $448.00 Million | $295.50 Million | $4.99 Billion | ▲ +6.9% |
| 2022 | 0.08x | $432.30 Million | $337.51 Million | $5.14 Billion | ▲ +10.1% |
| 2021 | 0.08x | $394.57 Million | $286.37 Million | $5.17 Billion | ▲ +166.3% |
| 2020 | 0.03x | $193.14 Million | $124.84 Million | $6.74 Billion | ▼ -68.9% |
| 2019 | 0.09x | $554.97 Million | $355.16 Million | $6.02 Billion | ▼ -7.5% |
| 2018 | 0.10x | $581.54 Million | $344.31 Million | $5.84 Billion | ▼ -4.6% |
| 2017 | 0.10x | $588.54 Million | $386.39 Million | $5.64 Billion | ▼ -14.7% |
| 2016 | 0.12x | $676.99 Million | $417.51 Million | $5.53 Billion | ▼ -16.3% |
| 2015 | 0.15x | $904.80 Million | $540.38 Million | $6.19 Billion | ▲ +55.0% |
| 2014 | 0.09x | $668.07 Million | $400.71 Million | $7.08 Billion | ▼ -56.0% |
| 2013 | 0.21x | $1.15 Billion | $422.04 Million | $5.36 Billion | ▼ -22.5% |
| 2012 | 0.28x | $1.63 Billion | $351.30 Million | $5.89 Billion | ▲ +172.7% |
| 2011 | 0.10x | $484.30 Million | $237.28 Million | $4.77 Billion | ▲ +16.8% |
| 2010 | 0.09x | $386.22 Million | $200.44 Million | $4.45 Billion | ▲ +39.3% |
| 2009 | 0.06x | $318.37 Million | $120.89 Million | $5.10 Billion | ▼ -50.1% |
| 2008 | 0.12x | $806.00 Million | $251.95 Million | $6.45 Billion | ▼ -41.0% |
| 2007 | 0.21x | $1.37 Billion | $326.07 Million | $6.47 Billion | ▲ +15.3% |
| 2006 | 0.18x | $1.03 Billion | $211.85 Million | $5.63 Billion | ▲ +173.8% |
| 2005 | 0.07x | $407.14 Million | $235.30 Million | $6.07 Billion | ▼ -67.5% |
| 2004 | 0.21x | $724.19 Million | $194.38 Million | $3.50 Billion | ▲ +6.9% |
| 2003 | 0.19x | $571.42 Million | $215.75 Million | $2.95 Billion | ▼ -34.9% |
| 2002 | 0.30x | $711.97 Million | $163.18 Million | $2.40 Billion | ▲ +160.9% |
| 2001 | 0.11x | $208.66 Million | $140.51 Million | $1.83 Billion | ▲ +23.1% |
| 2000 | 0.09x | $171.67 Million | $121.22 Million | $1.85 Billion | ▼ -51.4% |
| 1999 | 0.19x | $356.70 Million | $139.58 Million | $1.87 Billion | ▼ -50.9% |
| 1998 | 0.39x | $612.84 Million | $85.18 Million | $1.58 Billion | ▲ +57.0% |
| 1997 | 0.25x | $293.73 Million | $78.48 Million | $1.19 Billion | ▼ -43.5% |
| 1996 | 0.44x | $366.69 Million | $80.43 Million | $837.76 Million | ▲ +84.9% |
| 1995 | 0.24x | $120.60 Million | $44.90 Million | $509.40 Million | ▼ -47.3% |
| 1994 | 0.45x | $146.60 Million | $30.30 Million | $326.60 Million | — |