Heineken (HEIA) — Cash Flow Quality Index
Latest as of June 2026:
2.21x
Heineken (HEIA) has a Cash Flow Quality Index of 2.21x as of June 2026. Operating cash flow of €2.48 Billion exceeds net income of €1.12 Billion, indicating high earnings quality where cash backs reported profits. Explore Heineken (HEIA) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
2.21x
Operating CF / Net Income
Operating Cash Flow
€2.48 Billion
EUR
Net Income
€1.12 Billion
EUR
Data as of
Jun 2026
Most recent filing
Heineken Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Heineken across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see HEIA cash generation efficiency.
Annual Cash Flow Quality Index for Heineken (1999–2025)
Year-by-year earnings quality comparison for Heineken.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.34x | €5.01 Billion | €2.14 Billion | ▼ -50.5% |
| 2024 | 4.74x | €5.50 Billion | €1.16 Billion | ▲ +146.5% |
| 2023 | 1.92x | €4.43 Billion | €2.30 Billion | ▲ +14.7% |
| 2022 | 1.68x | €4.50 Billion | €2.68 Billion | ▲ +33.3% |
| 2021 | 1.26x | €4.18 Billion | €3.32 Billion | ▼ -37.2% |
| 2019 | 2.00x | €4.34 Billion | €2.17 Billion | ▼ -12.7% |
| 2018 | 2.29x | €4.39 Billion | €1.91 Billion | ▲ +14.3% |
| 2017 | 2.01x | €3.88 Billion | €1.94 Billion | ▼ -16.9% |
| 2016 | 2.41x | €3.72 Billion | €1.54 Billion | ▲ +30.9% |
| 2015 | 1.84x | €3.49 Billion | €1.89 Billion | ▼ -8.6% |
| 2014 | 2.02x | €3.06 Billion | €1.52 Billion | ▼ -5.6% |
| 2013 | 2.14x | €2.91 Billion | €1.36 Billion | ▲ +146.5% |
| 2012 | 0.87x | €2.69 Billion | €3.11 Billion | ▼ -53.5% |
| 2011 | 1.87x | €2.91 Billion | €1.56 Billion | ▲ +10.1% |
| 2010 | 1.69x | €2.66 Billion | €1.57 Billion | ▼ -18.7% |
| 2009 | 2.08x | €2.38 Billion | €1.14 Billion | ▼ -56.5% |
| 2008 | 4.78x | €1.66 Billion | €347.00 Million | ▲ +168.8% |
| 2007 | 1.78x | €1.73 Billion | €972.00 Million | ▲ +29.5% |
| 2006 | 1.37x | €1.85 Billion | €1.34 Billion | ▼ -44.1% |
| 2005 | 2.46x | €1.87 Billion | €761.00 Million | ▲ +3.4% |
| 2004 | 2.38x | €1.28 Billion | €537.00 Million | ▲ +15.9% |
| 2003 | 2.05x | €1.64 Billion | €798.00 Million | ▲ +48.5% |
| 2002 | 1.38x | €1.18 Billion | €857.00 Million | ▼ -9.0% |
| 2001 | 1.52x | €1.17 Billion | €767.00 Million | ▼ -8.9% |
| 2000 | 1.67x | €1.03 Billion | €621.00 Million | ▼ -8.1% |
| 1999 | 1.81x | €936.00 Million | €516.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.