Novartis AG (NOVN) — Financial Flexibility Index
Novartis AG (NOVN) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of CHF3.93 Billion (operating CF CHF3.60 Billion minus capex CHF338.45 Million) represents 0% of total liabilities (CHF79.84 Billion). Check NOVN capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Novartis AG Financial Flexibility Index (1998–2025)
Historical Financial Flexibility Index trend for Novartis AG across 28 annual periods. See working capital position of Novartis AG to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Novartis AG (1998–2025)
Year-by-year free cash flow to debt coverage for Novartis AG. For the full company profile including market capitalisation, see Novartis AG stock valuation.
| Year | Flexibility Index | Free Cash Flow (CHF) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.31x | CHF21.68 Billion | CHF20.05 Billion | CHF68.97 Billion | ▼ -14.8% |
| 2024 | 0.37x | CHF21.43 Billion | CHF17.62 Billion | CHF58.12 Billion | ▲ +14.0% |
| 2023 | 0.32x | CHF17.21 Billion | CHF14.46 Billion | CHF53.20 Billion | ▲ +11.1% |
| 2022 | 0.29x | CHF16.91 Billion | CHF14.24 Billion | CHF58.03 Billion | ▲ +3.3% |
| 2021 | 0.28x | CHF18.04 Billion | CHF15.07 Billion | CHF63.97 Billion | ▲ +23.5% |
| 2020 | 0.23x | CHF16.23 Billion | CHF13.65 Billion | CHF71.11 Billion | ▼ -9.7% |
| 2019 | 0.25x | CHF15.88 Billion | CHF13.62 Billion | CHF62.82 Billion | ▼ -4.1% |
| 2018 | 0.26x | CHF17.63 Billion | CHF14.27 Billion | CHF66.87 Billion | ▲ +1.0% |
| 2017 | 0.26x | CHF15.37 Billion | CHF12.62 Billion | CHF58.85 Billion | ▲ +0.5% |
| 2016 | 0.26x | CHF14.35 Billion | CHF11.47 Billion | CHF55.23 Billion | ▼ -10.2% |
| 2015 | 0.29x | CHF15.75 Billion | CHF11.90 Billion | CHF54.43 Billion | ▼ -10.3% |
| 2014 | 0.32x | CHF17.60 Billion | CHF13.90 Billion | CHF54.54 Billion | ▼ -1.4% |
| 2013 | 0.33x | CHF16.95 Billion | CHF13.17 Billion | CHF51.78 Billion | ▲ +2.7% |
| 2012 | 0.32x | CHF17.50 Billion | CHF14.19 Billion | CHF54.93 Billion | ▼ -1.6% |
| 2011 | 0.32x | CHF16.70 Billion | CHF14.31 Billion | CHF51.56 Billion | ▲ +6.4% |
| 2010 | 0.30x | CHF16.30 Billion | CHF14.07 Billion | CHF53.55 Billion | ▼ -22.4% |
| 2009 | 0.39x | CHF14.92 Billion | CHF12.19 Billion | CHF38.04 Billion | ▼ -9.6% |
| 2008 | 0.43x | CHF12.09 Billion | CHF9.77 Billion | CHF27.86 Billion | ▼ -8.4% |
| 2007 | 0.47x | CHF12.34 Billion | CHF9.21 Billion | CHF26.06 Billion | ▲ +14.7% |
| 2006 | 0.41x | CHF11.03 Billion | CHF8.71 Billion | CHF26.71 Billion | ▲ +5.4% |
| 2005 | 0.39x | CHF9.63 Billion | CHF8.08 Billion | CHF24.57 Billion | ▲ +1.5% |
| 2004 | 0.39x | CHF8.18 Billion | CHF6.72 Billion | CHF21.17 Billion | ▼ -11.4% |
| 2003 | 0.44x | CHF8.20 Billion | CHF6.65 Billion | CHF18.80 Billion | ▲ +3.7% |
| 2002 | 0.42x | CHF7.02 Billion | CHF5.83 Billion | CHF16.69 Billion | ▲ +18.2% |
| 2001 | 0.36x | CHF5.25 Billion | CHF4.43 Billion | CHF14.75 Billion | ▼ -14.3% |
| 2000 | 0.42x | CHF5.47 Billion | CHF4.64 Billion | CHF13.17 Billion | ▲ +40.8% |
| 1999 | 0.29x | CHF5.20 Billion | CHF4.33 Billion | CHF17.64 Billion | ▼ -2.4% |
| 1998 | 0.30x | CHF5.41 Billion | CHF4.28 Billion | CHF17.90 Billion | — |