Energy Vault Holdings Inc (NRGV) — Financial Flexibility Index

Latest as of March 2026: -0.19x

Energy Vault Holdings Inc (NRGV) has a Financial Flexibility Index of -0.19x as of March 2026. Free cash flow of $-46.74 Million (operating CF $-53.80 Million minus capex $7.06 Million) represents 0% of total liabilities ($244.26 Million). Check Energy Vault Holdings Inc investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

-0.19x
Free Cash Flow / Total Liabilities

Free Cash Flow

$-46.74 Million
Operating CF − Capex

Total Liabilities

$244.26 Million
USD

Capital Expenditures

$7.06 Million
USD

Energy Vault Holdings Inc Financial Flexibility Index (2019–2025)

Historical Financial Flexibility Index trend for Energy Vault Holdings Inc across 7 annual periods. For the full cash flow conversion analysis, see Energy Vault Holdings Inc cash conversion from operations.

Annual Financial Flexibility Index for Energy Vault Holdings Inc (2019–2025)

Year-by-year free cash flow to debt coverage for Energy Vault Holdings Inc. Explore NRGV operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.16x $35.44 Million $-5.65 Million $224.26 Million ▲ +204.3%
2024 0.05x $2.99 Million $-55.86 Million $57.63 Million ▲ +109.8%
2023 -0.53x $-62.22 Million $-92.66 Million $116.96 Million ▼ -226.4%
2022 -0.16x $-21.03 Million $-23.35 Million $129.00 Million ▼ -44.4%
2021 -0.11x $-21.90 Million $-22.07 Million $193.96 Million ▲ +94.0%
2020 -1.88x $-14.95 Million $-16.70 Million $7.97 Million ▼ -623.3%
2019 -0.26x $-13.68 Million $-14.83 Million $52.74 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities