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

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. For the full cash flow conversion analysis, see Heineken Holding NV operating cash flow efficiency.

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

Year-by-year free cash flow to debt coverage for Heineken Holding NV. Explore how well can Heineken Holding NV service its debt 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 €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