Equinor ASA (DNQA) — Free Cash Flow Generation Index
Latest as of March 2026:
0.40x
Equinor ASA (DNQA) has a Free Cash Flow Generation Index of 0.40x as of March 2026. Free cash flow of €2.10 Billion represents 0% of operating cash flow (€5.21 Billion). See DNQA working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.40x
Free Cash Flow / Operating CF
Free Cash Flow
€2.10 Billion
EUR
Operating Cash Flow
€5.21 Billion
EUR
Capital Expenditures
€3.12 Billion
EUR
Equinor ASA Free Cash Flow Generation Index (2016–2025)
Historical FCF Generation Index trend for Equinor ASA across 10 annual periods. Explore how well can Equinor ASA service its debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Equinor ASA (2016–2025)
Year-by-year Free Cash Flow Generation Index for Equinor ASA. For the full company profile including market capitalisation, see how much is Equinor ASA worth.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.30x | €5.98 Billion | €19.97 Billion | €13.99 Billion | ▼ -20.1% |
| 2024 | 0.37x | €7.29 Billion | €19.46 Billion | €12.18 Billion | ▼ -40.3% |
| 2023 | 0.63x | €16.46 Billion | €26.23 Billion | €9.77 Billion | ▼ -16.4% |
| 2022 | 0.75x | €26.38 Billion | €35.14 Billion | €8.76 Billion | ▲ +4.1% |
| 2021 | 0.72x | €20.78 Billion | €28.82 Billion | €8.04 Billion | ▲ +292.1% |
| 2020 | 0.18x | €1.91 Billion | €10.39 Billion | €8.48 Billion | ▼ -28.7% |
| 2019 | 0.26x | €3.54 Billion | €13.75 Billion | €10.20 Billion | ▼ -39.0% |
| 2018 | 0.42x | €8.33 Billion | €19.69 Billion | €11.37 Billion | ▲ +73.5% |
| 2017 | 0.24x | €3.61 Billion | €14.80 Billion | €10.76 Billion | ▼ -89.8% |
| 2016 | 2.38x | €21.01 Billion | €8.82 Billion | €12.19 Billion | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).