Heineken (HEIA) — Financial Flexibility Index

Latest as of June 2026: 0.10x

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). Check how aggressively does Heineken reinvest cash to assess the company's total reinvestment commitment from operating cash flow.

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

Heineken Financial Flexibility Index (1999–2025)

Historical Financial Flexibility Index trend for Heineken across 27 annual periods. For the full cash flow conversion analysis, see HEIA operating cash flow.

Annual Financial Flexibility Index for Heineken (1999–2025)

Year-by-year free cash flow to debt coverage for Heineken. Explore Heineken (HEIA) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

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