Heidelberg Materials AG (HEI) — Cash Flow-to-Debt Ratio
Heidelberg Materials AG (HEI) has a Cash Flow-to-Debt Ratio of 0.19x as of December 2025, meaning its operating cash flow of €3.25 Billion could theoretically repay 0% of its total liabilities (€16.84 Billion) in one year. See free cash flow generation of Heidelberg Materials AG 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
Heidelberg Materials AG Cash Flow-to-Debt Ratio (2002–2025)
Historical debt coverage capacity for Heidelberg Materials AG across 24 annual periods. Also explore HEI shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Heidelberg Materials AG (2002–2025)
Year-by-year debt coverage analysis for Heidelberg Materials AG. For market capitalisation and broader financial context, see Heidelberg Materials AG market cap and net worth.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | €3.25 Billion | €16.84 Billion | ▲ +3.6% |
| 2024 | 0.19x | €3.23 Billion | €17.33 Billion | ▼ -0.5% |
| 2023 | 0.19x | €3.21 Billion | €17.10 Billion | ▲ +21.1% |
| 2022 | 0.15x | €2.42 Billion | €15.63 Billion | ▲ +10.2% |
| 2021 | 0.14x | €2.40 Billion | €17.05 Billion | ▼ -17.4% |
| 2020 | 0.17x | €3.03 Billion | €17.79 Billion | ▲ +28.3% |
| 2019 | 0.13x | €2.66 Billion | €20.08 Billion | ▲ +27.8% |
| 2018 | 0.10x | €1.97 Billion | €18.96 Billion | ▼ -5.7% |
| 2017 | 0.11x | €2.04 Billion | €18.51 Billion | ▲ +13.3% |
| 2016 | 0.10x | €1.87 Billion | €19.28 Billion | ▼ -16.9% |
| 2015 | 0.12x | €1.45 Billion | €12.40 Billion | ▲ +9.7% |
| 2014 | 0.11x | €1.48 Billion | €13.89 Billion | ▲ +43.9% |
| 2013 | 0.07x | €1.06 Billion | €14.28 Billion | ▼ -30.1% |
| 2012 | 0.11x | €1.51 Billion | €14.29 Billion | ▲ +22.8% |
| 2011 | 0.09x | €1.33 Billion | €15.45 Billion | ▲ +9.2% |
| 2010 | 0.08x | €1.14 Billion | €14.49 Billion | ▼ -1.6% |
| 2009 | 0.08x | €1.16 Billion | €14.51 Billion | ▼ -5.0% |
| 2008 | 0.08x | €1.52 Billion | €18.03 Billion | ▼ -3.8% |
| 2007 | 0.09x | €1.91 Billion | €21.76 Billion | ▼ -54.7% |
| 2006 | 0.19x | €1.26 Billion | €6.49 Billion | ▲ +67.8% |
| 2005 | 0.12x | €795.02 Million | €6.88 Billion | ▼ -16.7% |
| 2004 | 0.14x | €937.35 Million | €6.75 Billion | ▲ +41.0% |
| 2003 | 0.10x | €660.22 Million | €6.71 Billion | ▼ -24.0% |
| 2002 | 0.13x | €944.84 Million | €7.29 Billion | — |