Heineken Holding NV (HEIO) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.163x

Based on the latest financial reports, Heineken Holding NV (HEIO) has a cash flow conversion efficiency ratio of 0.163x 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 (€20.34 Billion ≈ $23.77 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 Holding NV defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Heineken Holding NV - Cash Flow Conversion Efficiency Trend (2000–2025)

This chart illustrates how Heineken Holding NV's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Heineken Holding NV Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Heineken Holding NV ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
mBank SA WAR:MBK	-0.739x
LARGAN Precision Co Ltd TW:3008	0.010x
Rongsheng Petrochemical Co Ltd SHE:002493	0.167x
STRAUM.HLD.UNSP.ADR/1/10 F:QS50	N/A
Hitachi Energy India Limited NSE:POWERINDIA	0.191x
Unibail-Rodamco-Westfield AU:URW	0.055x
Tractor Supply Company NASDAQ:TSCO	0.126x
LG Chemicals KO:051910	0.053x

Annual Cash Flow Conversion Efficiency for Heineken Holding NV (2000–2025)

The table below shows the annual cash flow conversion efficiency of Heineken Holding NV from 2000 to 2025. For the full company profile with market capitalisation and key ratios, see HEIO stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€20.34 Billion ≈ $23.77 Billion	€5.01 Billion ≈ $5.86 Billion	0.246x	-1.00%
2024-12-31	€22.10 Billion ≈ $25.84 Billion	€5.50 Billion ≈ $6.43 Billion	0.249x	+25.85%
2023-12-31	€22.39 Billion ≈ $26.18 Billion	€4.43 Billion ≈ $5.18 Billion	0.198x	-3.55%
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	-11.27%
2018-12-31	€15.54 Billion ≈ $18.17 Billion	€4.39 Billion ≈ $5.13 Billion	0.282x	+5.62%
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	-3.90%
2004-12-31	€3.73 Billion ≈ $4.36 Billion	€1.61 Billion ≈ $1.88 Billion	0.432x	+2.79%
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	--

About Heineken Holding NV

AS:HEIO Netherlands Beverages - Brewers

Market Cap

$20.75 Billion

€17.75 Billion EUR

Market Cap Rank

#1517 Global

#15 in Netherlands

Share Price

€64.15

Change (1 day)

+0.00%

52-Week Range

€57.70 - €73.20

All Time High

€87.13