Equinor ASA (DNQA) — Financial Flexibility Index

Latest as of June 2026: 0.13x

Equinor ASA (DNQA) has a Financial Flexibility Index of 0.13x as of June 2026. Free cash flow of €12.34 Billion (operating CF €9.47 Billion minus capex €2.87 Billion) represents 0% of total liabilities (€97.77 Billion). Check DNQA cash flow reinvestment rate 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

€12.34 Billion
Operating CF − Capex

Total Liabilities

€97.77 Billion
EUR

Capital Expenditures

€2.87 Billion
EUR

Equinor ASA Financial Flexibility Index (2016–2025)

Historical Financial Flexibility Index trend for Equinor ASA across 10 annual periods. For the full cash flow conversion analysis, see Equinor ASA cash conversion from operations.

Annual Financial Flexibility Index for Equinor ASA (2016–2025)

Year-by-year free cash flow to debt coverage for Equinor ASA. Explore cash flow to debt ratio of Equinor ASA to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.37x €33.97 Billion €19.97 Billion €91.23 Billion ▲ +4.4%
2024 0.36x €31.64 Billion €19.46 Billion €88.76 Billion ▼ -5.9%
2023 0.38x €36.01 Billion €26.23 Billion €95.08 Billion ▼ -10.2%
2022 0.42x €43.89 Billion €35.14 Billion €104.03 Billion ▲ +23.7%
2021 0.34x €36.86 Billion €28.82 Billion €108.10 Billion ▲ +59.2%
2020 0.21x €18.86 Billion €10.39 Billion €88.08 Billion ▼ -31.2%
2019 0.31x €23.95 Billion €13.75 Billion €76.90 Billion ▼ -30.3%
2018 0.45x €31.06 Billion €19.69 Billion €69.52 Billion ▲ +24.5%
2017 0.36x €25.56 Billion €14.80 Billion €71.22 Billion ▲ +18.6%
2016 0.30x €21.01 Billion €8.82 Billion €69.43 Billion
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities