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 Equinor ASA PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
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. See working capital position of Equinor ASA to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Equinor ASA (1998–2024)
Year-by-year free cash flow to debt coverage for Equinor ASA. For the full company profile including market capitalisation, see EQNR company net worth.
| 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 | — |