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Heineken NVHINKF 83 Debt-to-Equity is 1.08 as of Jun. 2026, which is 2% above its 10-year median of 1.06. GuruFocus rates HINKF with a GF Score™ of 83/100 and a GF Value™ of $92.00 (Fairly Valued). The stock has 4 warning signs investors should review. Among 181 Beverages - Alcoholic companies, Heineken NV ranks worse than 85.64% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Heineken NV's Debt-to-Equity or its related term are showing as below:
HINKF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.06 Max: 1.54
Current: 1.08
During the past 13 years, the highest Debt-to-Equity Ratio of Heineken NV was 1.54. The lowest was 0.84. And the median was 1.06.
HINKF's Debt-to-Equity is ranked worse than 85.64% of 181
companies
in the Beverages - Alcoholic industry
Industry Median: 0.37
vs HINKF: 1.08
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Heineken NV Debt-to-Equity Related Terms
Heineken NV Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Heineken NV's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Brewers subindustry, Heineken NV's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heineken NV Debt-to-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Heineken NV's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heineken NV (HINKF) has a Debt-to-Equity of 1.08 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Heineken NV and its competitors. This is near median its historical median of 1.06. Over the past decade, Heineken NV's Debt-to-Equity has ranged from 0.84 to 1.54. According to the industry distribution chart, Heineken NV ranks #155 out of 181 companies in the Beverages - Alcoholic industry, placing it in the top 85.6%.
Is Heineken NV's Debt-to-Equity too high?
Heineken NV's current Debt-to-Equity of 1.08 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.54. The Beverages - Alcoholic industry median Debt-to-Equity is 0.37. Heineken NV's value of 1.08 is 191.9% above this industry median. Based on the distribution chart, Heineken NV ranks #155 out of 181 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Heineken NV has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken NV's Debt-to-Equity compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Heineken NV ranks #155 out of 181 companies for Debt-to-Equity. This places Heineken NV in the lower half of its industry. The industry median Debt-to-Equity is 0.37. Heineken NV's value of 1.08 is 191.9% above this benchmark. Historically, Heineken NV's own Debt-to-Equity has ranged from 0.84 to 1.54 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.37, Heineken NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Beverages - Alcoholic company?
The median Debt-to-Equity among Beverages - Alcoholic companies is 0.37, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heineken NV's current Debt-to-Equity of 1.08 is 191.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Heineken NV and its competitors. For the Beverages - Alcoholic industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken NV's current Debt-to-Equity is 1.08, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken NV (HINKF) is currently considered Fairly Valued. The stock's GF Value™ is $92.00, compared to a current price of $84.58 — trading 8.1% below its estimated fair value. The current Debt-to-Equity is 1.08, which is near median its 10-year median of 1.06 and 191.9% above the Beverages - Alcoholic industry median of 0.37. Heineken NV's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Heineken NV (HINKF), the current Debt-to-Equity is 1.08 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heineken NV (HINKF) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken NV stock appears to be undervalued.
The current stock price of $84.58 is trading 8.1% below its estimated GF Value™ of $92.00.
GuruFocus considers Heineken NV to be Fairly Valued.
Key valuation signals for HINKF:
Debt-to-Equity: 1.08 (near median its 10-year median of 1.06)
GF Value™: $92.00 vs. price of $84.58 (8.1% below fair value)
Industry Position: 191.9% above the Beverages - Alcoholic median (#155 of 181)
No single metric tells the full story. See the HINKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer. Its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
83GF Score
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