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 Novartis AG (NOVN) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see cash flow conversion of Novartis AG.
Annual Financial Flexibility Index for Novartis AG (1998–2025)
Year-by-year free cash flow to debt coverage for Novartis AG. Explore NOVN operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
| 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 | — |