Equinor ASA Cash Flow-to-Debt Ratio
Equinor ASA cash flow-to-debt ratio. Equinor ASA (EQNR) has a Cash Flow-to-Debt Ratio of 0.22x as of December 2025, meaning its operating cash flow of Nkr19.97 Billion could theoretically repay 0% of its total liabilities (Nkr91.30 Billion) in one year. Check EQNR operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Equinor ASA (1998–2024)
Cash flow-to-debt ratio of Equinor ASA from 1998 to 2024. Historical debt coverage capacity for Equinor ASA across 27 annual periods. Check how aggressively does Equinor ASA reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Equinor ASA Cash Flow-to-Debt Ratio by Year (1998–2024)
Equinor ASA cash flow-to-debt ratio by year from 1998 to 2024. Year-by-year debt coverage analysis for Equinor ASA. For the full cash flow conversion analysis, see Equinor ASA (EQNR) cash conversion ratio.
| Year | CF-to-Debt Ratio | Operating CF (NOK) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.23x | Nkr20.11 Billion | Nkr88.76 Billion | ▼ -12.8% |
| 2023 | 0.26x | Nkr24.70 Billion | Nkr95.08 Billion | ▼ -23.1% |
| 2022 | 0.34x | Nkr35.14 Billion | Nkr104.03 Billion | ▲ +26.7% |
| 2021 | 0.27x | Nkr28.82 Billion | Nkr108.10 Billion | ▲ +126.1% |
| 2020 | 0.12x | Nkr10.39 Billion | Nkr88.08 Billion | ▼ -34.0% |
| 2019 | 0.18x | Nkr13.75 Billion | Nkr76.90 Billion | ▼ -36.9% |
| 2018 | 0.28x | Nkr19.69 Billion | Nkr69.52 Billion | ▲ +40.5% |
| 2017 | 0.20x | Nkr14.36 Billion | Nkr71.22 Billion | ▲ +55.0% |
| 2016 | 0.13x | Nkr9.03 Billion | Nkr69.43 Billion | ▼ -27.0% |
| 2015 | 0.18x | Nkr12.40 Billion | Nkr69.58 Billion | ▼ -14.7% |
| 2014 | 0.21x | Nkr17.01 Billion | Nkr81.40 Billion | ▲ +9.3% |
| 2013 | 0.19x | Nkr16.66 Billion | Nkr87.08 Billion | ▼ -30.6% |
| 2012 | 0.28x | Nkr22.93 Billion | Nkr83.20 Billion | ▲ +19.5% |
| 2011 | 0.23x | Nkr18.67 Billion | Nkr81.00 Billion | ▲ +18.9% |
| 2010 | 0.19x | Nkr13.75 Billion | Nkr70.87 Billion | ▼ -3.6% |
| 2009 | 0.20x | Nkr12.60 Billion | Nkr62.59 Billion | ▼ -28.9% |
| 2008 | 0.28x | Nkr14.73 Billion | Nkr52.07 Billion | ▼ -8.4% |
| 2007 | 0.31x | Nkr17.29 Billion | Nkr55.99 Billion | ▼ -2.8% |
| 2006 | 0.32x | Nkr9.77 Billion | Nkr30.76 Billion | ▼ -0.1% |
| 2005 | 0.32x | Nkr8.33 Billion | Nkr26.20 Billion | ▲ +32.4% |
| 2004 | 0.24x | Nkr6.43 Billion | Nkr26.78 Billion | ▲ +16.9% |
| 2003 | 0.21x | Nkr4.63 Billion | Nkr22.55 Billion | ▲ +25.6% |
| 2002 | 0.16x | Nkr3.46 Billion | Nkr21.15 Billion | ▼ -38.9% |
| 2001 | 0.27x | Nkr4.36 Billion | Nkr16.30 Billion | ▼ -28.0% |
| 2000 | 0.37x | Nkr6.40 Billion | Nkr17.23 Billion | ▲ +133.1% |
| 1999 | 0.16x | Nkr2.52 Billion | Nkr15.78 Billion | ▲ +59.4% |
| 1998 | 0.10x | Nkr1.32 Billion | Nkr13.22 Billion | — |