Heidelberg Materials AG Financial Flexibility Index

Latest as of December 2025: 0.28x

Heidelberg Materials AG financial flexibility index. Heidelberg Materials AG (HEI) has a Financial Flexibility Index of 0.28x as of December 2025. Free cash flow of €4.67 Billion (operating CF €3.25 Billion minus capex €1.41 Billion) represents 0% of total liabilities (€16.84 Billion). See HEI free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

0.28x
Free Cash Flow / Total Liabilities

Free Cash Flow

€4.67 Billion
Operating CF − Capex

Total Liabilities

€16.84 Billion
EUR

Capital Expenditures

€1.41 Billion
EUR

Financial Flexibility Index of Heidelberg Materials AG (2002–2025)

Financial flexibility index of Heidelberg Materials AG from 2002 to 2025. Historical Financial Flexibility Index trend for Heidelberg Materials AG across 24 annual periods. Check earnings quality score of Heidelberg Materials AG to evaluate the quality of earnings relative to operating cash generation.

Heidelberg Materials AG Financial Flexibility Index by Year (2002–2025)

Heidelberg Materials AG financial flexibility index by year from 2002 to 2025. Year-by-year free cash flow to debt coverage for Heidelberg Materials AG. For the full cash flow conversion analysis, see cash flow conversion of Heidelberg Materials AG.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.27x €4.62 Billion €3.25 Billion €16.84 Billion ▲ +4.4%
2024 0.26x €4.55 Billion €3.23 Billion €17.33 Billion ▼ -0.9%
2023 0.27x €4.53 Billion €3.21 Billion €17.10 Billion ▲ +10.4%
2022 0.24x €3.76 Billion €2.42 Billion €15.63 Billion ▲ +7.4%
2021 0.22x €3.82 Billion €2.40 Billion €17.05 Billion ▼ -0.4%
2020 0.22x €4.00 Billion €3.03 Billion €17.79 Billion ▲ +17.3%
2019 0.19x €3.85 Billion €2.66 Billion €20.08 Billion ▲ +19.9%
2018 0.16x €3.03 Billion €1.97 Billion €18.96 Billion ▼ -3.8%
2017 0.17x €3.07 Billion €2.04 Billion €18.51 Billion ▲ +9.9%
2016 0.15x €2.91 Billion €1.87 Billion €19.28 Billion ▼ -20.5%
2015 0.19x €2.36 Billion €1.45 Billion €12.40 Billion ▲ +9.1%
2014 0.17x €2.42 Billion €1.48 Billion €13.89 Billion ▲ +24.9%
2013 0.14x €1.99 Billion €1.06 Billion €14.28 Billion ▼ -14.9%
2012 0.16x €2.34 Billion €1.51 Billion €14.29 Billion ▲ +14.9%
2011 0.14x €2.21 Billion €1.33 Billion €15.45 Billion ▲ +10.2%
2010 0.13x €1.88 Billion €1.14 Billion €14.49 Billion ▼ -4.1%
2009 0.14x €1.96 Billion €1.16 Billion €14.51 Billion ▼ -7.2%
2008 0.15x €2.62 Billion €1.52 Billion €18.03 Billion ▲ +7.4%
2007 0.14x €2.95 Billion €1.91 Billion €21.76 Billion ▼ -51.7%
2006 0.28x €1.82 Billion €1.26 Billion €6.49 Billion ▲ +43.6%
2005 0.20x €1.34 Billion €795.02 Million €6.88 Billion ▼ -6.1%
2004 0.21x €1.40 Billion €937.35 Million €6.75 Billion ▲ +33.3%
2003 0.16x €1.05 Billion €660.22 Million €6.71 Billion ▼ -18.9%
2002 0.19x €1.40 Billion €944.84 Million €7.29 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities