HEG Limited (HEG) — Financial Flexibility Index
HEG Limited (HEG) has a Financial Flexibility Index of 0.25x as of September 2025. Free cash flow of Rs3.18 Billion (operating CF Rs2.42 Billion minus capex Rs757.10 Million) represents 0% of total liabilities (Rs12.75 Billion). Check HEG cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
HEG Limited Financial Flexibility Index (2005–2026)
Historical Financial Flexibility Index trend for HEG Limited across 22 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of HEG Limited.
Annual Financial Flexibility Index for HEG Limited (2005–2026)
Year-by-year free cash flow to debt coverage for HEG Limited. Explore HEG Limited debt service capacity to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.31x | Rs4.40 Billion | Rs1.87 Billion | Rs14.08 Billion | ▼ -19.2% |
| 2025 | 0.39x | Rs4.62 Billion | Rs2.80 Billion | Rs11.94 Billion | ▼ -49.9% |
| 2024 | 0.77x | Rs9.84 Billion | Rs6.12 Billion | Rs12.75 Billion | ▲ +83.5% |
| 2023 | 0.42x | Rs5.93 Billion | Rs1.13 Billion | Rs14.11 Billion | ▲ +167.7% |
| 2022 | 0.16x | Rs2.19 Billion | Rs-1.41 Billion | Rs13.94 Billion | ▼ -87.9% |
| 2021 | 1.30x | Rs9.72 Billion | Rs7.16 Billion | Rs7.49 Billion | ▲ +10.8% |
| 2020 | 1.17x | Rs10.85 Billion | Rs8.64 Billion | Rs9.27 Billion | ▲ +2.4% |
| 2019 | 1.14x | Rs15.45 Billion | Rs14.88 Billion | Rs13.51 Billion | ▲ +54.9% |
| 2018 | 0.74x | Rs6.14 Billion | Rs5.94 Billion | Rs8.32 Billion | ▲ +312.4% |
| 2017 | 0.18x | Rs1.61 Billion | Rs1.57 Billion | Rs9.00 Billion | ▼ -39.1% |
| 2016 | 0.29x | Rs2.82 Billion | Rs2.49 Billion | Rs9.57 Billion | ▲ +17.7% |
| 2015 | 0.25x | Rs3.08 Billion | Rs2.76 Billion | Rs12.32 Billion | ▼ -61.4% |
| 2014 | 0.65x | Rs9.74 Billion | Rs7.73 Billion | Rs15.06 Billion | ▲ +377.8% |
| 2013 | 0.14x | Rs2.38 Billion | Rs1.15 Billion | Rs17.55 Billion | ▼ -3.7% |
| 2012 | 0.14x | Rs2.25 Billion | Rs270.63 Million | Rs15.96 Billion | ▲ +34.7% |
| 2011 | 0.10x | Rs1.19 Billion | Rs375.80 Million | Rs11.41 Billion | ▼ -73.2% |
| 2010 | 0.39x | Rs3.75 Billion | Rs3.04 Billion | Rs9.64 Billion | ▲ +106.5% |
| 2009 | 0.19x | Rs2.07 Billion | Rs674.86 Million | Rs10.97 Billion | ▲ +25.6% |
| 2008 | 0.15x | Rs1.37 Billion | Rs891.91 Million | Rs9.10 Billion | ▲ +84.6% |
| 2007 | 0.08x | Rs883.36 Million | Rs304.78 Million | Rs10.86 Billion | ▼ -3.8% |
| 2006 | 0.08x | Rs810.69 Million | Rs-459.12 Million | Rs9.59 Billion | ▼ -84.9% |
| 2005 | 0.56x | Rs3.45 Billion | Rs551.64 Million | Rs6.15 Billion | — |