Heineken (HEIA) — Cash Flow-to-Debt Ratio
Latest as of June 2026:
0.07x
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. See HEIA free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
0.07x
Operating CF / Total Liabilities
Operating Cash Flow
€2.48 Billion
EUR
Total Liabilities
€36.34 Billion
EUR
Data as of
Jun 2026
Most recent filing
Heineken Cash Flow-to-Debt Ratio (1999–2025)
Historical debt coverage capacity for Heineken across 27 annual periods. For the full cash flow conversion analysis, see Heineken cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Heineken (1999–2025)
Year-by-year debt coverage analysis for Heineken. Check Heineken earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.