Equinor ASA (EQNR) — 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). Check EQNR cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Equinor ASA Financial Flexibility Index (1998–2024)
Historical Financial Flexibility Index trend for Equinor ASA across 27 annual periods. For the full cash flow conversion analysis, see EQNR cash flow metrics.
Annual Financial Flexibility Index for Equinor ASA (1998–2024)
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 (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 | — |