Heineken (HEIA) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Heineken (HEIA) has a cash flow conversion efficiency ratio of 0.161x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€3.32 Billion ≈ $3.89 Billion USD) by net assets (€20.61 Billion ≈ $24.10 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Heineken balance sheet independence to measure how much of total assets are equity-financed.
Heineken - Cash Flow Conversion Efficiency Trend (1999–2025)
This chart illustrates how Heineken's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Heineken cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Heineken Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Heineken ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Hyundai Heavy Industries Co Ltd
KO:329180
|
-0.029x |
|
Jabil Circuit Inc
NYSE:JBL
|
0.305x |
|
Beijing-Shanghai High Speed Railway Co Ltd
SHG:601816
|
0.026x |
|
Saab AB (publ)
ST:SAAB-B
|
0.194x |
|
Keysight Technologies Inc
NYSE:KEYS
|
0.038x |
|
Carnival Corporation
NYSE:CCL
|
0.097x |
|
NTPC Limited
NSE:NTPC
|
0.253x |
|
Victory Giant Technology Huizhou Co Ltd
SHE:300476
|
0.128x |
Annual Cash Flow Conversion Efficiency for Heineken (1999–2025)
The table below shows the annual cash flow conversion efficiency of Heineken from 1999 to 2025. For the full company profile with market capitalisation and key ratios, see HEIA stock market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | €20.61 Billion ≈ $24.10 Billion |
€5.01 Billion ≈ $5.86 Billion |
0.243x | -1.02% |
| 2024-12-31 | €22.40 Billion ≈ $26.19 Billion |
€5.50 Billion ≈ $6.43 Billion |
0.246x | +26.37% |
| 2023-12-31 | €22.79 Billion ≈ $26.64 Billion |
€4.43 Billion ≈ $5.18 Billion |
0.194x | -5.23% |
| 2022-12-31 | €21.92 Billion ≈ $25.63 Billion |
€4.50 Billion ≈ $5.26 Billion |
0.205x | -3.36% |
| 2021-12-31 | €19.70 Billion ≈ $23.03 Billion |
€4.18 Billion ≈ $4.89 Billion |
0.212x | -2.60% |
| 2020-12-31 | €14.39 Billion ≈ $16.83 Billion |
€3.14 Billion ≈ $3.67 Billion |
0.218x | -13.03% |
| 2019-12-31 | €17.31 Billion ≈ $20.24 Billion |
€4.34 Billion ≈ $5.07 Billion |
0.251x | -10.31% |
| 2018-12-31 | €15.71 Billion ≈ $18.36 Billion |
€4.39 Billion ≈ $5.13 Billion |
0.279x | +4.49% |
| 2017-12-31 | €14.52 Billion ≈ $16.98 Billion |
€3.88 Billion ≈ $4.54 Billion |
0.267x | +4.78% |
| 2016-12-31 | €14.57 Billion ≈ $17.04 Billion |
€3.72 Billion ≈ $4.35 Billion |
0.255x | +10.20% |
| 2015-12-31 | €15.07 Billion ≈ $17.62 Billion |
€3.49 Billion ≈ $4.08 Billion |
0.232x | +1.84% |
| 2014-12-31 | €13.45 Billion ≈ $15.73 Billion |
€3.06 Billion ≈ $3.58 Billion |
0.227x | -3.61% |
| 2013-12-31 | €12.36 Billion ≈ $14.45 Billion |
€2.91 Billion ≈ $3.41 Billion |
0.236x | +11.68% |
| 2012-12-31 | €12.76 Billion ≈ $14.92 Billion |
€2.69 Billion ≈ $3.15 Billion |
0.211x | -26.79% |
| 2011-12-31 | €10.09 Billion ≈ $11.80 Billion |
€2.91 Billion ≈ $3.40 Billion |
0.288x | +14.17% |
| 2010-12-31 | €10.52 Billion ≈ $12.30 Billion |
€2.66 Billion ≈ $3.11 Billion |
0.253x | -40.03% |
| 2009-12-31 | €5.65 Billion ≈ $6.60 Billion |
€2.38 Billion ≈ $2.78 Billion |
0.421x | +20.60% |
| 2008-12-31 | €4.75 Billion ≈ $5.56 Billion |
€1.66 Billion ≈ $1.94 Billion |
0.349x | +20.06% |
| 2007-12-31 | €5.95 Billion ≈ $6.95 Billion |
€1.73 Billion ≈ $2.02 Billion |
0.291x | -13.14% |
| 2006-12-31 | €5.52 Billion ≈ $6.45 Billion |
€1.85 Billion ≈ $2.16 Billion |
0.335x | -19.23% |
| 2005-12-31 | €4.51 Billion ≈ $5.28 Billion |
€1.87 Billion ≈ $2.19 Billion |
0.415x | +25.42% |
| 2004-12-31 | €3.86 Billion ≈ $4.52 Billion |
€1.28 Billion ≈ $1.49 Billion |
0.331x | -21.24% |
| 2003-12-31 | €3.90 Billion ≈ $4.56 Billion |
€1.64 Billion ≈ $1.91 Billion |
0.420x | +4.11% |
| 2002-12-31 | €2.94 Billion ≈ $3.43 Billion |
€1.18 Billion ≈ $1.38 Billion |
0.403x | +8.66% |
| 2001-12-31 | €3.14 Billion ≈ $3.67 Billion |
€1.17 Billion ≈ $1.36 Billion |
0.371x | -9.64% |
| 2000-12-31 | €2.52 Billion ≈ $2.95 Billion |
€1.03 Billion ≈ $1.21 Billion |
0.411x | +25.76% |
| 1999-12-31 | €2.87 Billion ≈ $3.35 Billion |
€936.00 Million ≈ $1.09 Billion |
0.327x | -- |
About Heineken
Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks. It sells its products under the Heineken, Heineken 0.0, Heineken Silver, Amstel, Moretti, Tiger, Desperados, Edelweiss, Lagunitas, Orchard Thieves, Windhoek, Dos Equis, Red Stripe, Kingfisher, Bintang, Gosser, Affligem, Mort Subite, Strongbow,… Read more