Equinor ASA Financial Flexibility Index
Equinor ASA financial flexibility index. Equinor ASA (EQNR) has a Financial Flexibility Index of 0.37x as of December 2025. Free cash flow of Nkr33.97 Billion (operating CF Nkr19.97 Billion minus capex Nkr13.99 Billion) represents 0% of total liabilities (Nkr91.30 Billion). See free cash flow generation of Equinor ASA to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Equinor ASA (1998–2024)
Financial flexibility index of Equinor ASA from 1998 to 2024. Historical Financial Flexibility Index trend for Equinor ASA across 27 annual periods. Check EQNR cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Equinor ASA Financial Flexibility Index by Year (1998–2024)
Equinor ASA financial flexibility index by year from 1998 to 2024. Year-by-year free cash flow to debt coverage for Equinor ASA. For the full cash flow conversion analysis, see Equinor ASA cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (NOK) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.36x | Nkr32.29 Billion | Nkr20.11 Billion | Nkr88.76 Billion | ▼ -2.0% |
| 2023 | 0.37x | Nkr35.28 Billion | Nkr24.70 Billion | Nkr95.08 Billion | ▼ -12.1% |
| 2022 | 0.42x | Nkr43.89 Billion | Nkr35.14 Billion | Nkr104.03 Billion | ▲ +23.7% |
| 2021 | 0.34x | Nkr36.86 Billion | Nkr28.82 Billion | Nkr108.10 Billion | ▲ +59.2% |
| 2020 | 0.21x | Nkr18.86 Billion | Nkr10.39 Billion | Nkr88.08 Billion | ▼ -31.2% |
| 2019 | 0.31x | Nkr23.95 Billion | Nkr13.75 Billion | Nkr76.90 Billion | ▼ -30.3% |
| 2018 | 0.45x | Nkr31.06 Billion | Nkr19.69 Billion | Nkr69.52 Billion | ▲ +26.7% |
| 2017 | 0.35x | Nkr25.12 Billion | Nkr14.36 Billion | Nkr71.22 Billion | ▲ +15.4% |
| 2016 | 0.31x | Nkr21.23 Billion | Nkr9.03 Billion | Nkr69.43 Billion | ▼ -20.0% |
| 2015 | 0.38x | Nkr26.59 Billion | Nkr12.40 Billion | Nkr69.58 Billion | ▼ -7.2% |
| 2014 | 0.41x | Nkr33.50 Billion | Nkr17.01 Billion | Nkr81.40 Billion | ▲ +1.6% |
| 2013 | 0.41x | Nkr35.29 Billion | Nkr16.66 Billion | Nkr87.08 Billion | ▼ -21.7% |
| 2012 | 0.52x | Nkr43.06 Billion | Nkr22.93 Billion | Nkr83.20 Billion | ▲ +22.8% |
| 2011 | 0.42x | Nkr34.13 Billion | Nkr18.67 Billion | Nkr81.00 Billion | ▲ +10.3% |
| 2010 | 0.38x | Nkr27.06 Billion | Nkr13.75 Billion | Nkr70.87 Billion | ▼ -6.5% |
| 2009 | 0.41x | Nkr25.57 Billion | Nkr12.60 Billion | Nkr62.59 Billion | ▼ -13.9% |
| 2008 | 0.47x | Nkr24.70 Billion | Nkr14.73 Billion | Nkr52.07 Billion | ▼ -12.5% |
| 2007 | 0.54x | Nkr30.36 Billion | Nkr17.29 Billion | Nkr55.99 Billion | ▲ +1.1% |
| 2006 | 0.54x | Nkr16.50 Billion | Nkr9.77 Billion | Nkr30.76 Billion | ▲ +8.3% |
| 2005 | 0.50x | Nkr12.98 Billion | Nkr8.33 Billion | Nkr26.20 Billion | ▲ +13.4% |
| 2004 | 0.44x | Nkr11.70 Billion | Nkr6.43 Billion | Nkr26.78 Billion | ▲ +23.9% |
| 2003 | 0.35x | Nkr7.95 Billion | Nkr4.63 Billion | Nkr22.55 Billion | ▲ +23.5% |
| 2002 | 0.29x | Nkr6.04 Billion | Nkr3.46 Billion | Nkr21.15 Billion | ▼ -25.1% |
| 2001 | 0.38x | Nkr6.21 Billion | Nkr4.36 Billion | Nkr16.30 Billion | ▼ -21.4% |
| 2000 | 0.48x | Nkr8.35 Billion | Nkr6.40 Billion | Nkr17.23 Billion | ▲ +33.6% |
| 1999 | 0.36x | Nkr5.73 Billion | Nkr2.52 Billion | Nkr15.78 Billion | ▲ +13.3% |
| 1998 | 0.32x | Nkr4.23 Billion | Nkr1.32 Billion | Nkr13.22 Billion | — |