Equinor ASA (EQNR) — 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. See EQNR cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Equinor ASA Cash Flow-to-Debt Ratio (1998–2024)
Historical debt coverage capacity for Equinor ASA across 27 annual periods. Also explore net asset growth rate of Equinor ASA to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Equinor ASA (1998–2024)
Year-by-year debt coverage analysis for Equinor ASA. For market capitalisation and broader financial context, see Equinor ASA market cap and net worth.
| 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 | — |