Hess Corporation (HES) — Financial Flexibility Index
Hess Corporation (HES) has a Financial Flexibility Index of 0.16x as of March 2025. Free cash flow of $2.41 Billion (operating CF $1.40 Billion minus capex $1.01 Billion) represents 0% of total liabilities ($14.75 Billion). Check HES 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
Hess Corporation Financial Flexibility Index (1989–2024)
Historical Financial Flexibility Index trend for Hess Corporation across 36 annual periods. For the full cash flow conversion analysis, see HES cash generation efficiency.
Annual Financial Flexibility Index for Hess Corporation (1989–2024)
Year-by-year free cash flow to debt coverage for Hess Corporation. Explore how well can Hess Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.72x | $10.55 Billion | $5.60 Billion | $14.55 Billion | ▲ +29.7% |
| 2023 | 0.56x | $8.05 Billion | $3.94 Billion | $14.40 Billion | ▲ +10.6% |
| 2022 | 0.51x | $6.67 Billion | $3.94 Billion | $13.20 Billion | ▲ +47.0% |
| 2021 | 0.34x | $4.64 Billion | $2.89 Billion | $13.49 Billion | ▲ +21.6% |
| 2020 | 0.28x | $3.53 Billion | $1.33 Billion | $12.49 Billion | ▼ -23.6% |
| 2019 | 0.37x | $4.47 Billion | $1.64 Billion | $12.08 Billion | ▼ -3.3% |
| 2018 | 0.38x | $4.04 Billion | $1.94 Billion | $10.54 Billion | ▲ +42.9% |
| 2017 | 0.27x | $2.88 Billion | $945.00 Million | $10.76 Billion | ▲ +14.6% |
| 2016 | 0.23x | $3.05 Billion | $795.00 Million | $13.03 Billion | ▼ -48.8% |
| 2015 | 0.46x | $6.30 Billion | $1.98 Billion | $13.79 Billion | ▼ -23.7% |
| 2014 | 0.60x | $9.74 Billion | $4.46 Billion | $16.26 Billion | ▲ +0.7% |
| 2013 | 0.59x | $10.71 Billion | $4.87 Billion | $18.01 Billion | ▼ -1.9% |
| 2012 | 0.61x | $13.46 Billion | $5.66 Billion | $22.20 Billion | ▲ +3.0% |
| 2011 | 0.59x | $11.99 Billion | $4.98 Billion | $20.38 Billion | ▲ +8.5% |
| 2010 | 0.54x | $10.02 Billion | $4.53 Billion | $18.47 Billion | ▲ +44.6% |
| 2009 | 0.38x | $5.96 Billion | $3.05 Billion | $15.89 Billion | ▼ -32.1% |
| 2008 | 0.55x | $9.01 Billion | $4.57 Billion | $16.28 Billion | ▲ +27.7% |
| 2007 | 0.43x | $7.08 Billion | $3.51 Billion | $16.36 Billion | ▼ -15.6% |
| 2006 | 0.51x | $7.33 Billion | $3.49 Billion | $14.29 Billion | ▲ +57.5% |
| 2005 | 0.33x | $4.18 Billion | $1.84 Billion | $12.83 Billion | ▲ +2.0% |
| 2004 | 0.32x | $3.42 Billion | $1.90 Billion | $10.71 Billion | ▼ -6.0% |
| 2003 | 0.34x | $2.94 Billion | $1.58 Billion | $8.64 Billion | ▼ -12.4% |
| 2002 | 0.39x | $3.50 Billion | $1.97 Billion | $9.01 Billion | ▼ -9.0% |
| 2001 | 0.43x | $4.46 Billion | $1.96 Billion | $10.46 Billion | ▼ -2.0% |
| 2000 | 0.44x | $2.78 Billion | $1.84 Billion | $6.39 Billion | ▲ +30.2% |
| 1999 | 0.33x | $1.57 Billion | $770.00 Million | $4.69 Billion | ▼ -10.6% |
| 1998 | 0.37x | $1.96 Billion | $518.80 Million | $5.24 Billion | ▼ -32.1% |
| 1997 | 0.55x | $2.60 Billion | $1.25 Billion | $4.72 Billion | ▲ +45.1% |
| 1996 | 0.38x | $1.67 Billion | $807.70 Million | $4.40 Billion | ▼ -0.1% |
| 1995 | 0.38x | $1.93 Billion | $1.24 Billion | $5.10 Billion | ▲ +27.9% |
| 1994 | 0.30x | $1.55 Billion | $957.00 Million | $5.24 Billion | ▼ -23.2% |
| 1993 | 0.39x | $2.17 Billion | $819.40 Million | $5.61 Billion | ▼ -23.6% |
| 1992 | 0.51x | $2.70 Billion | $1.14 Billion | $5.33 Billion | ▼ -6.2% |
| 1991 | 0.54x | $3.08 Billion | $1.36 Billion | $5.71 Billion | ▲ +15.0% |
| 1990 | 0.47x | $2.79 Billion | $1.33 Billion | $5.95 Billion | ▼ -23.4% |
| 1989 | 0.61x | $2.63 Billion | $805.80 Million | $4.31 Billion | — |