Novartis AG Financial Flexibility Index
Novartis AG 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). See Novartis AG free cash flow efficiency 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 Novartis AG (1998–2025)
Financial flexibility index of Novartis AG from 1998 to 2025. Historical Financial Flexibility Index trend for Novartis AG across 28 annual periods. Check earnings quality score of Novartis AG to evaluate the quality of earnings relative to operating cash generation.
Novartis AG Financial Flexibility Index by Year (1998–2025)
Novartis AG financial flexibility index by year from 1998 to 2025. Year-by-year free cash flow to debt coverage for Novartis AG. For the full cash flow conversion analysis, see Novartis AG operating cash flow efficiency.
| 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 | — |