Vornado Realty Trust (VNO) — Financial Flexibility Index
Vornado Realty Trust (VNO) has a Financial Flexibility Index of 0.07x as of September 2025. Free cash flow of $607.28 Million (operating CF $33.17 Million minus capex $574.12 Million) represents 0% of total liabilities ($8.73 Billion). Check VNO PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Vornado Realty Trust Financial Flexibility Index (1990–2024)
Historical Financial Flexibility Index trend for Vornado Realty Trust across 35 annual periods. See VNO current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Vornado Realty Trust (1990–2024)
Year-by-year free cash flow to debt coverage for Vornado Realty Trust. For the full company profile including market capitalisation, see Vornado Realty Trust (VNO) total market value.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.10x | $1.00 Billion | $537.72 Million | $9.83 Billion | ▲ +47.5% |
| 2023 | 0.07x | $681.30 Million | $648.15 Million | $9.84 Billion | ▼ -59.4% |
| 2022 | 0.17x | $1.70 Billion | $798.94 Million | $9.98 Billion | ▲ +14.2% |
| 2021 | 0.15x | $1.50 Billion | $761.81 Million | $10.06 Billion | ▲ +57.7% |
| 2020 | 0.09x | $819.29 Million | $424.24 Million | $8.67 Billion | ▼ -13.4% |
| 2019 | 0.11x | $1.10 Billion | $662.54 Million | $10.09 Billion | ▲ +40.5% |
| 2018 | 0.08x | $877.25 Million | $802.64 Million | $11.29 Billion | ▼ -27.1% |
| 2017 | 0.11x | $1.22 Billion | $860.14 Million | $11.41 Billion | ▼ -27.4% |
| 2016 | 0.15x | $1.75 Billion | $1.00 Billion | $11.92 Billion | ▲ +59.2% |
| 2015 | 0.09x | $1.15 Billion | $672.15 Million | $12.44 Billion | ▼ -35.6% |
| 2014 | 0.14x | $1.78 Billion | $1.14 Billion | $12.42 Billion | ▲ +14.9% |
| 2013 | 0.12x | $1.44 Billion | $1.04 Billion | $11.50 Billion | ▲ +28.8% |
| 2012 | 0.10x | $1.27 Billion | $825.05 Million | $13.12 Billion | ▲ +8.5% |
| 2011 | 0.09x | $1.05 Billion | $702.50 Million | $11.78 Billion | ▼ -11.4% |
| 2010 | 0.10x | $1.25 Billion | $771.09 Million | $12.36 Billion | ▼ -5.8% |
| 2009 | 0.11x | $1.32 Billion | $633.58 Million | $12.28 Billion | ▼ -8.1% |
| 2008 | 0.12x | $1.65 Billion | $817.81 Million | $14.16 Billion | ▼ -53.6% |
| 2007 | 0.25x | $3.74 Billion | $697.33 Million | $14.87 Billion | ▲ +5.4% |
| 2006 | 0.24x | $2.55 Billion | $824.67 Million | $10.68 Billion | ▼ -1.4% |
| 2005 | 0.24x | $1.72 Billion | $762.68 Million | $7.12 Billion | ▲ +73.6% |
| 2004 | 0.14x | $782.63 Million | $664.69 Million | $5.62 Billion | ▼ -3.1% |
| 2003 | 0.14x | $649.54 Million | $528.95 Million | $4.52 Billion | ▲ +5.0% |
| 2002 | 0.14x | $595.84 Million | $499.82 Million | $4.35 Billion | ▼ -17.9% |
| 2001 | 0.17x | $454.77 Million | $387.69 Million | $2.73 Billion | ▼ -23.9% |
| 2000 | 0.22x | $621.56 Million | $249.92 Million | $2.84 Billion | ▼ -15.7% |
| 1999 | 0.26x | $572.70 Million | $176.90 Million | $2.20 Billion | ▼ -50.2% |
| 1998 | 0.52x | $1.15 Billion | $189.40 Million | $2.21 Billion | ▼ -47.3% |
| 1997 | 0.99x | $1.02 Billion | $110.80 Million | $1.03 Billion | ▲ +234.7% |
| 1996 | 0.30x | $85.50 Million | $70.70 Million | $288.90 Million | ▲ +10.6% |
| 1995 | 0.27x | $79.50 Million | $62.90 Million | $297.20 Million | ▼ -0.7% |
| 1994 | 0.27x | $72.30 Million | $46.90 Million | $268.40 Million | ▲ +16.4% |
| 1993 | 0.23x | $54.40 Million | $27.40 Million | $235.00 Million | ▲ +262.0% |
| 1992 | 0.06x | $27.10 Million | $15.90 Million | $423.80 Million | ▼ -49.7% |
| 1991 | 0.13x | $43.90 Million | $36.20 Million | $345.60 Million | ▲ +13.0% |
| 1990 | 0.11x | $40.20 Million | $1.80 Million | $357.50 Million | — |