Heineken Holding NV (HEIO) — Financial Flexibility Index

Latest as of December 2025: 0.13x

Heineken Holding NV (HEIO) has a Financial Flexibility Index of 0.13x as of December 2025. Free cash flow of €4.16 Billion (operating CF €3.32 Billion minus capex €839.00 Million) represents 0% of total liabilities (€33.14 Billion). Check HEIO strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.13x
Free Cash Flow / Total Liabilities

Free Cash Flow

€4.16 Billion
Operating CF − Capex

Total Liabilities

€33.14 Billion
EUR

Capital Expenditures

€839.00 Million
EUR

Heineken Holding NV Financial Flexibility Index (2000–2025)

Historical Financial Flexibility Index trend for Heineken Holding NV across 26 annual periods. See Heineken Holding NV (HEIO) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Heineken Holding NV (2000–2025)

Year-by-year free cash flow to debt coverage for Heineken Holding NV. For the full company profile including market capitalisation, see Heineken Holding NV market capitalisation.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.22x €7.41 Billion €5.01 Billion €33.14 Billion ▼ -8.3%
2024 0.24x €7.97 Billion €5.50 Billion €32.67 Billion ▲ +11.1%
2023 0.22x €7.11 Billion €4.43 Billion €32.36 Billion ▲ +2.9%
2022 0.21x €6.51 Billion €4.50 Billion €30.49 Billion ▲ +7.7%
2021 0.20x €5.78 Billion €4.18 Billion €29.15 Billion ▲ +17.2%
2020 0.17x €4.78 Billion €3.14 Billion €28.24 Billion ▼ -23.3%
2019 0.22x €6.44 Billion €4.34 Billion €29.19 Billion ▼ -9.6%
2018 0.24x €6.44 Billion €4.39 Billion €26.42 Billion ▲ +13.2%
2017 0.22x €5.71 Billion €3.88 Billion €26.51 Billion ▼ -4.5%
2016 0.23x €5.58 Billion €3.72 Billion €24.75 Billion ▼ -2.1%
2015 0.23x €5.22 Billion €3.49 Billion €22.64 Billion ▲ +6.9%
2014 0.22x €4.61 Billion €3.06 Billion €21.38 Billion ▲ +3.7%
2013 0.21x €4.36 Billion €2.91 Billion €20.98 Billion ▲ +22.4%
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 ▲ +15.5%
2004 0.32x €2.29 Billion €1.61 Billion €7.04 Billion ▲ +1.2%
2003 0.32x €2.25 Billion €1.64 Billion €7.00 Billion ▼ -17.2%
2002 0.39x €1.88 Billion €1.18 Billion €4.84 Billion ▼ -9.3%
2001 0.43x €1.74 Billion €1.17 Billion €4.08 Billion ▲ +10.9%
2000 0.39x €1.45 Billion €1.03 Billion €3.77 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities