Heineken Financial Flexibility Index

Latest as of June 2026: 0.10x

Heineken financial flexibility index. Heineken (HEIA) has a Financial Flexibility Index of 0.10x as of June 2026. Free cash flow of €3.48 Billion (operating CF €2.48 Billion minus capex €1.00 Billion) represents 0% of total liabilities (€36.34 Billion). Explore HEIA capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.

Financial Flexibility Index

0.10x
Free Cash Flow / Total Liabilities

Free Cash Flow

€3.48 Billion
Operating CF − Capex

Total Liabilities

€36.34 Billion
EUR

Capital Expenditures

€1.00 Billion
EUR

Financial Flexibility Index of Heineken (1999–2025)

Financial flexibility index of Heineken from 1999 to 2025. Historical Financial Flexibility Index trend for Heineken across 27 annual periods. Check HEIA total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.

Heineken Financial Flexibility Index by Year (1999–2025)

Heineken financial flexibility index by year from 1999 to 2025. Year-by-year free cash flow to debt coverage for Heineken. For the full cash flow conversion analysis, see how efficiently does Heineken generate cash.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.22x €7.41 Billion €5.01 Billion €34.34 Billion ▼ -8.3%
2024 0.24x €7.69 Billion €5.50 Billion €32.67 Billion ▲ +11.2%
2023 0.21x €7.11 Billion €4.43 Billion €33.60 Billion ▲ +2.4%
2022 0.21x €6.51 Billion €4.50 Billion €31.50 Billion ▲ +7.7%
2021 0.19x €5.78 Billion €4.18 Billion €30.12 Billion ▲ +17.0%
2020 0.16x €4.78 Billion €3.14 Billion €29.12 Billion ▼ -23.1%
2019 0.21x €6.44 Billion €4.34 Billion €30.20 Billion ▼ -10.2%
2018 0.24x €6.28 Billion €4.39 Billion €26.44 Billion ▲ +12.8%
2017 0.21x €5.58 Billion €3.88 Billion €26.51 Billion ▼ -4.9%
2016 0.22x €5.47 Billion €3.72 Billion €24.75 Billion ▲ +8.1%
2015 0.20x €5.13 Billion €3.49 Billion €25.05 Billion ▼ -3.9%
2014 0.21x €4.55 Billion €3.06 Billion €21.38 Billion ▲ +4.3%
2013 0.20x €4.28 Billion €2.91 Billion €20.98 Billion ▲ +20.2%
2012 0.17x €3.94 Billion €2.69 Billion €23.22 Billion ▼ -23.2%
2011 0.22x €3.77 Billion €2.91 Billion €17.04 Billion ▲ +5.5%
2010 0.21x €3.36 Billion €2.66 Billion €16.03 Billion ▼ -3.5%
2009 0.22x €3.16 Billion €2.38 Billion €14.53 Billion ▲ +17.6%
2008 0.18x €2.92 Billion €1.66 Billion €15.81 Billion ▼ -54.9%
2007 0.41x €2.88 Billion €1.73 Billion €7.02 Billion ▲ +12.3%
2006 0.36x €2.73 Billion €1.85 Billion €7.48 Billion ▼ -2.9%
2005 0.38x €2.75 Billion €1.87 Billion €7.32 Billion ▲ +27.3%
2004 0.29x €1.93 Billion €1.28 Billion €6.56 Billion ▼ -9.2%
2003 0.32x €2.27 Billion €1.64 Billion €7.00 Billion ▼ -17.8%
2002 0.40x €1.92 Billion €1.18 Billion €4.84 Billion ▼ -8.5%
2001 0.43x €1.76 Billion €1.17 Billion €4.08 Billion ▲ +12.0%
2000 0.39x €1.45 Billion €1.03 Billion €3.77 Billion ▼ -11.8%
1999 0.44x €1.38 Billion €936.00 Million €3.15 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities