Novakand Pharma AB (publ) (LARK) — Financial Flexibility Index

Latest as of December 2025: -1.32x

Novakand Pharma AB (publ) (LARK) has a Financial Flexibility Index of -1.32x as of December 2025. Free cash flow of Skr-1.64 Million (operating CF Skr-1.64 Million minus capex Skr0.00) represents -1% of total liabilities (Skr1.24 Million). For the full cash flow conversion analysis, see Novakand Pharma AB (publ) (LARK) cash flow conversion.

Financial Flexibility Index

-1.32x
Free Cash Flow / Total Liabilities

Free Cash Flow

Skr-1.64 Million
Operating CF − Capex

Total Liabilities

Skr1.24 Million
SEK

Capital Expenditures

Skr0.00
SEK

Novakand Pharma AB (publ) Financial Flexibility Index (2012–2025)

Historical Financial Flexibility Index trend for Novakand Pharma AB (publ) across 14 annual periods. Check tangible equity quality of Novakand Pharma AB (publ) to evaluate the tangible quality of the company's equity base.

Annual Financial Flexibility Index for Novakand Pharma AB (publ) (2012–2025)

Year-by-year free cash flow to debt coverage for Novakand Pharma AB (publ). Check Novakand Pharma AB (publ) (LARK) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Year Flexibility Index Free Cash Flow (SEK) Operating CF Total Liabilities YoY Change
2025 -10.31x Skr-12.78 Million Skr-12.78 Million Skr1.24 Million ▼ -48.1%
2024 -6.96x Skr-29.95 Million Skr-29.95 Million Skr4.30 Million ▲ +4.9%
2023 -7.33x Skr-30.45 Million Skr-30.56 Million Skr4.16 Million ▼ -168.1%
2022 -2.73x Skr-16.67 Million Skr-16.67 Million Skr6.10 Million ▼ -197.5%
2021 2.80x Skr22.26 Million Skr22.11 Million Skr7.94 Million ▲ +158.5%
2020 -4.79x Skr-38.24 Million Skr-38.35 Million Skr7.98 Million ▼ -421.5%
2019 -0.92x Skr-21.60 Million Skr-21.60 Million Skr23.51 Million ▼ -2147.8%
2018 0.04x Skr657.80K Skr227.60K Skr14.66 Million ▲ +100.8%
2017 -5.86x Skr-9.53 Million Skr-9.53 Million Skr1.63 Million ▲ +45.7%
2016 -10.78x Skr-8.73 Million Skr-8.81 Million Skr809.66K ▼ -24.6%
2015 -8.65x Skr-5.99 Million Skr-6.29 Million Skr691.73K ▼ -711.4%
2014 -1.07x Skr-620.67K Skr-620.67K Skr582.04K ▲ +83.9%
2013 -6.64x Skr-272.15K Skr-272.15K Skr40.98K ▼ -3426.4%
2012 0.20x Skr59.21K Skr59.21K Skr296.58K —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities