Heineken Cash Flow-to-Debt Ratio
Heineken cash flow-to-debt ratio. Heineken (HEIA) has a Cash Flow-to-Debt Ratio of 0.07x as of June 2026, meaning its operating cash flow of €2.48 Billion could theoretically repay 0% of its total liabilities (€36.34 Billion) in one year. Check how aggressively does Heineken reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Heineken (1999–2025)
Cash flow-to-debt ratio of Heineken from 1999 to 2025. Historical debt coverage capacity for Heineken across 27 annual periods. Check Heineken earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Heineken Cash Flow-to-Debt Ratio by Year (1999–2025)
Heineken cash flow-to-debt ratio by year from 1999 to 2025. Year-by-year debt coverage analysis for Heineken. For the full cash flow conversion analysis, see Heineken cash flow conversion.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.15x | €5.01 Billion | €34.34 Billion | ▼ -13.4% |
| 2024 | 0.17x | €5.50 Billion | €32.67 Billion | ▲ +27.8% |
| 2023 | 0.13x | €4.43 Billion | €33.60 Billion | ▼ -7.6% |
| 2022 | 0.14x | €4.50 Billion | €31.50 Billion | ▲ +2.8% |
| 2021 | 0.14x | €4.18 Billion | €30.12 Billion | ▲ +28.9% |
| 2020 | 0.11x | €3.14 Billion | €29.12 Billion | ▼ -25.0% |
| 2019 | 0.14x | €4.34 Billion | €30.20 Billion | ▼ -13.4% |
| 2018 | 0.17x | €4.39 Billion | €26.44 Billion | ▲ +13.3% |
| 2017 | 0.15x | €3.88 Billion | €26.51 Billion | ▼ -2.5% |
| 2016 | 0.15x | €3.72 Billion | €24.75 Billion | ▲ +7.9% |
| 2015 | 0.14x | €3.49 Billion | €25.05 Billion | ▼ -2.6% |
| 2014 | 0.14x | €3.06 Billion | €21.38 Billion | ▲ +3.0% |
| 2013 | 0.14x | €2.91 Billion | €20.98 Billion | ▲ +19.6% |
| 2012 | 0.12x | €2.69 Billion | €23.22 Billion | ▼ -32.1% |
| 2011 | 0.17x | €2.91 Billion | €17.04 Billion | ▲ +3.1% |
| 2010 | 0.17x | €2.66 Billion | €16.03 Billion | ▲ +1.2% |
| 2009 | 0.16x | €2.38 Billion | €14.53 Billion | ▲ +55.9% |
| 2008 | 0.10x | €1.66 Billion | €15.81 Billion | ▼ -57.4% |
| 2007 | 0.25x | €1.73 Billion | €7.02 Billion | ▼ -0.4% |
| 2006 | 0.25x | €1.85 Billion | €7.48 Billion | ▼ -3.4% |
| 2005 | 0.26x | €1.87 Billion | €7.32 Billion | ▲ +31.4% |
| 2004 | 0.19x | €1.28 Billion | €6.56 Billion | ▼ -16.7% |
| 2003 | 0.23x | €1.64 Billion | €7.00 Billion | ▼ -4.3% |
| 2002 | 0.24x | €1.18 Billion | €4.84 Billion | ▼ -14.5% |
| 2001 | 0.29x | €1.17 Billion | €4.08 Billion | ▲ +4.0% |
| 2000 | 0.27x | €1.03 Billion | €3.77 Billion | ▼ -7.6% |
| 1999 | 0.30x | €936.00 Million | €3.15 Billion | — |