Morgan Stanley (MS) — Financial Flexibility Index
Morgan Stanley (MS) has a Financial Flexibility Index of 0.00x as of March 2026. Free cash flow of $-6.34 Billion (operating CF $-7.10 Billion minus capex $754.00 Million) represents 0% of total liabilities ($1.47 Trillion). Check how aggressively does Morgan Stanley reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Morgan Stanley Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Morgan Stanley across 37 annual periods. For the full cash flow conversion analysis, see Morgan Stanley cash flow conversion.
Annual Financial Flexibility Index for Morgan Stanley (1989–2025)
Year-by-year free cash flow to debt coverage for Morgan Stanley. Explore cash flow to debt ratio of Morgan Stanley to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.04x | $51.90 Billion | $49.00 Billion | $1.31 Trillion | ▲ +812.9% |
| 2024 | 0.00x | $4.82 Billion | $1.36 Billion | $1.11 Trillion | ▲ +115.8% |
| 2023 | -0.03x | $-30.12 Billion | $-33.54 Billion | $1.09 Trillion | ▼ -795.4% |
| 2022 | 0.00x | $-3.32 Billion | $-6.40 Billion | $1.08 Trillion | ▼ -109.2% |
| 2021 | 0.03x | $36.28 Billion | $33.97 Billion | $1.08 Trillion | ▲ +242.8% |
| 2020 | -0.02x | $-23.79 Billion | $-25.23 Billion | $1.01 Trillion | ▼ -144.8% |
| 2019 | 0.05x | $42.60 Billion | $40.77 Billion | $812.73 Billion | ▲ +341.3% |
| 2018 | 0.01x | $9.17 Billion | $7.30 Billion | $772.12 Billion | ▲ +419.3% |
| 2017 | 0.00x | $-2.88 Billion | $-4.50 Billion | $773.27 Billion | ▼ -173.7% |
| 2016 | 0.01x | $3.72 Billion | $2.45 Billion | $737.77 Billion | ▼ -28.9% |
| 2015 | 0.01x | $5.05 Billion | $3.67 Billion | $711.28 Billion | ▲ +143.8% |
| 2014 | 0.00x | $2.12 Billion | $1.13 Billion | $729.41 Billion | ▼ -93.9% |
| 2013 | 0.05x | $36.33 Billion | $35.01 Billion | $763.67 Billion | ▲ +30.5% |
| 2012 | 0.04x | $26.07 Billion | $24.76 Billion | $715.53 Billion | ▲ +48.4% |
| 2011 | 0.02x | $16.69 Billion | $15.38 Billion | $679.82 Billion | ▼ -56.4% |
| 2010 | 0.06x | $41.81 Billion | $40.61 Billion | $742.29 Billion | ▲ +194.0% |
| 2009 | -0.06x | $-43.07 Billion | $-45.95 Billion | $718.68 Billion | ▼ -150.3% |
| 2008 | 0.12x | $74.82 Billion | $73.42 Billion | $627.31 Billion | ▲ +686.5% |
| 2007 | -0.02x | $-20.62 Billion | $-22.09 Billion | $1.01 Trillion | ▲ +63.7% |
| 2006 | -0.06x | $-60.80 Billion | $-60.80 Billion | $1.09 Trillion | ▼ -58.0% |
| 2005 | -0.04x | $-30.81 Billion | $-31.35 Billion | $869.34 Billion | ▼ -6.5% |
| 2004 | -0.03x | $-23.94 Billion | $-24.51 Billion | $719.13 Billion | ▼ -747.2% |
| 2003 | 0.01x | $2.96 Billion | $2.35 Billion | $575.17 Billion | ▲ +166.3% |
| 2002 | -0.01x | $-3.93 Billion | $-5.05 Billion | $506.40 Billion | ▲ +83.8% |
| 2001 | -0.05x | $-22.09 Billion | $-24.09 Billion | $460.70 Billion | ▼ -1144.1% |
| 2000 | 0.00x | $-1.55 Billion | $-2.38 Billion | $401.61 Billion | ▲ +95.3% |
| 1999 | -0.08x | $-28.61 Billion | $-29.27 Billion | $349.55 Billion | ▼ -260.9% |
| 1998 | 0.05x | $15.37 Billion | $15.37 Billion | $302.07 Billion | ▲ +5193.7% |
| 1997 | 0.00x | $-287.00 Million | $-588.00 Million | $287.33 Billion | ▼ -101.6% |
| 1996 | 0.06x | $2.36 Billion | $2.21 Billion | $37.25 Billion | ▲ +43.2% |
| 1995 | 0.04x | $1.48 Billion | $1.48 Billion | $33.37 Billion | ▼ -57.6% |
| 1994 | 0.10x | $2.89 Billion | $2.89 Billion | $27.75 Billion | ▲ +86.7% |
| 1993 | 0.06x | $1.35 Billion | $1.35 Billion | $24.19 Billion | ▼ -11.7% |
| 1992 | 0.06x | $4.87 Billion | $4.80 Billion | $76.92 Billion | ▲ +250.9% |
| 1991 | -0.04x | $-2.55 Billion | $-2.76 Billion | $60.72 Billion | ▲ +52.3% |
| 1990 | -0.09x | $-4.51 Billion | $-4.68 Billion | $51.35 Billion | ▲ +46.3% |
| 1989 | -0.16x | $-8.39 Billion | $-8.46 Billion | $51.25 Billion | — |