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Heineken NV (NL:HEIA)
:HEIA
Netherlands Market
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Heineken NV (HEIA) Ratios

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Heineken NV Ratios

NL:HEIA's free cash flow for Q2 2025 was €0.35. For the 2025 fiscal year, NL:HEIA's free cash flow was decreased by € and operating cash flow was €0.12. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.75 0.77 0.78 0.79 0.83
Quick Ratio
0.51 0.52 0.55 0.59 0.65
Cash Ratio
0.14 0.16 0.19 0.27 0.37
Solvency Ratio
0.10 0.13 0.15 0.17 0.06
Operating Cash Flow Ratio
0.30 0.30 0.32 0.35 0.29
Short-Term Operating Cash Flow Coverage
1.08 1.14 1.43 1.40 0.95
Net Current Asset Value
€ -20.32B€ -22.20B€ -20.48B€ -20.54B€ -20.10B
Leverage Ratios
Debt-to-Assets Ratio
0.34 0.32 0.31 0.34 0.42
Debt-to-Equity Ratio
0.99 0.91 0.84 0.97 1.36
Debt-to-Capital Ratio
0.50 0.48 0.46 0.49 0.58
Long-Term Debt-to-Capital Ratio
0.41 0.39 0.38 0.42 0.51
Financial Leverage Ratio
2.92 2.81 2.73 2.87 3.25
Debt Service Coverage Ratio
0.83 1.10 1.46 1.62 0.62
Interest Coverage Ratio
4.27 4.79 8.91 7.15 4.06
Debt to Market Cap
0.43 0.33 0.30 0.28 0.32
Interest Debt Per Share
32.57 33.56 29.25 30.11 32.47
Net Debt to EBITDA
3.41 3.08 2.12 2.13 5.48
Profitability Margins
Gross Profit Margin
20.20%35.25%39.56%38.72%36.25%
EBIT Margin
12.79%9.70%15.34%20.54%3.47%
EBITDA Margin
20.60%16.95%22.32%28.85%13.15%
Operating Profit Margin
12.25%10.64%14.21%14.93%10.24%
Pretax Profit Margin
10.33%8.31%13.74%18.45%0.95%
Net Profit Margin
6.54%7.59%9.34%15.02%-1.03%
Continuous Operations Profit Margin
7.42%7.91%10.58%15.97%-0.45%
Net Income Per EBT
63.36%91.36%67.95%81.39%-108.51%
EBT Per EBIT
84.29%78.10%96.72%123.57%9.31%
Return on Assets (ROA)
2.80%4.09%5.02%6.67%-0.47%
Return on Equity (ROE)
7.75%11.49%13.72%19.15%-1.52%
Return on Capital Employed (ROCE)
7.36%7.77%10.40%8.76%6.18%
Return on Invested Capital (ROIC)
4.76%6.72%6.82%6.49%-1.69%
Return on Tangible Assets
4.60%6.66%13.57%19.27%-1.20%
Earnings Yield
3.88%4.49%5.30%5.84%-0.39%
Efficiency Ratios
Receivables Turnover
4.24 8.99 9.20 9.27 11.03
Payables Turnover
1.84 3.43 2.97 2.93 3.43
Inventory Turnover
5.09 5.28 5.34 5.56 6.42
Fixed Asset Turnover
1.57 2.06 2.11 1.79 1.71
Asset Turnover
0.43 0.54 0.54 0.44 0.45
Working Capital Turnover Ratio
-6.20 -9.20 -10.09 -10.15 -6.87
Cash Conversion Cycle
-40.09 3.19 -15.06 -19.61 -16.41
Days of Sales Outstanding
86.05 40.58 39.65 39.39 33.10
Days of Inventory Outstanding
71.71 69.09 68.34 65.60 56.86
Days of Payables Outstanding
197.85 106.48 123.06 124.60 106.38
Operating Cycle
157.76 109.67 108.00 104.99 89.97
Cash Flow Ratios
Operating Cash Flow Per Share
7.87 7.86 7.81 7.26 5.45
Free Cash Flow Per Share
4.99 3.11 4.32 4.49 2.60
CapEx Per Share
2.88 4.75 3.49 2.77 2.85
Free Cash Flow to Operating Cash Flow
0.63 0.40 0.55 0.62 0.48
Dividend Paid and CapEx Coverage Ratio
1.72 1.10 1.45 1.75 1.41
Capital Expenditure Coverage Ratio
2.74 1.65 2.24 2.62 1.91
Operating Cash Flow Coverage Ratio
0.25 0.24 0.27 0.25 0.17
Operating Cash Flow to Sales Ratio
0.20 0.15 0.16 0.19 0.16
Free Cash Flow Yield
7.51%3.42%4.91%4.54%2.85%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
25.74 22.27 18.86 17.12 -257.39
Price-to-Sales (P/S) Ratio
1.68 1.69 1.76 2.57 2.66
Price-to-Book (P/B) Ratio
2.10 2.56 2.59 3.28 3.92
Price-to-Free Cash Flow (P/FCF) Ratio
13.31 29.27 20.35 22.03 35.10
Price-to-Operating Cash Flow Ratio
8.45 11.58 11.25 13.61 16.74
Price-to-Earnings Growth (PEG) Ratio
0.53 -1.82 -0.98 >-0.01 2.36
Price-to-Fair Value
2.10 2.56 2.59 3.28 3.92
Enterprise Value Multiple
11.58 13.05 10.01 11.05 25.73
Enterprise Value
52.71B 67.17B 64.19B 70.54B 66.70B
EV to EBITDA
11.58 13.05 10.01 11.05 25.73
EV to Sales
2.39 2.21 2.24 3.19 3.38
EV to Free Cash Flow
18.87 38.32 25.83 27.30 44.59
EV to Operating Cash Flow
11.97 15.16 14.28 16.87 21.27
Tangible Book Value Per Share
0.04 1.79 -20.39 -22.36 -20.94
Shareholders’ Equity Per Share
31.66 35.60 33.97 30.15 23.27
Tax and Other Ratios
Effective Tax Rate
0.28 0.05 0.29 0.20 1.30
Revenue Per Share
39.48 53.89 49.90 38.45 34.25
Net Income Per Share
2.58 4.09 4.66 5.77 -0.35
Tax Burden
0.63 0.91 0.68 0.81 -1.09
Interest Burden
0.81 0.86 0.90 0.90 0.27
Research & Development to Revenue
0.00 <0.01 <0.01 0.00 0.00
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
0.00 <0.01 <0.01 <0.01 >-0.01
Income Quality
3.05 1.92 1.68 1.26 -15.37
Currency in EUR
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