Morgan Stanley Financial Flexibility Index
Morgan Stanley 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). See MS free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Morgan Stanley (1989–2025)
Financial flexibility index of Morgan Stanley from 1989 to 2025. Historical Financial Flexibility Index trend for Morgan Stanley across 37 annual periods. Check how high is Morgan Stanley's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Morgan Stanley Financial Flexibility Index by Year (1989–2025)
Morgan Stanley financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Morgan Stanley. For the full cash flow conversion analysis, see cash efficiency ratio of Morgan Stanley.
| 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 | — |