Carlsberg A/S Cash Flow Conversion Efficiency

Latest as of December 2025: 0.241x

Carlsberg A/S cash flow conversion efficiency. Based on the latest financial reports, Carlsberg A/S (CARL-A) has a cash flow conversion efficiency ratio of 0.241x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Dkr7.41 Billion ≈ $1.16 Billion USD) by net assets (Dkr30.68 Billion ≈ $4.80 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Cash Flow Conversion Efficiency of Carlsberg A/S (2002–2025)

Cash flow conversion efficiency of Carlsberg A/S from 2002 to 2025. This chart illustrates how Carlsberg A/S's cash flow conversion efficiency has evolved over time, based on yearly financial data. View latest Carlsberg A/S stock price today for real-time trading data and today's change.

Carlsberg A/S Cash Flow Conversion Ratio Explained

Carlsberg A/S cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

Carlsberg A/S Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Carlsberg A/S ranked by their cash flow conversion efficiency. Also see Carlsberg A/S market cap and net worth for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Flughafen Zurich SW:FHZN	0.104x
Hancock Whitney Corp NASDAQ:HWC	0.034x
Capital Financial Indonesia Tbk PT JK:CASA	-0.145x
GUOTAI JUNAN SEC. H YC1 F:153A	0.155x
VZ Holding AG SW:VZN	0.147x
H&R Block Inc NYSE:HRB	0.648x
The People's Insurance Company (Group) of China Limited F:PIR	0.071x
Genpact Limited NYSE:G	0.028x

Annual Cash Flow Conversion Efficiency for Carlsberg A/S (2002–2025)

The table below shows the annual cash flow conversion efficiency of Carlsberg A/S from 2002 to 2025. Review how much free cash does Carlsberg A/S generate to assess how much free cash flow the company generates relative to operating cash flow.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	Dkr30.68 Billion ≈ $4.80 Billion	Dkr13.04 Billion ≈ $2.04 Billion	0.425x	-4.08%
2024-12-31	Dkr30.61 Billion ≈ $4.79 Billion	Dkr13.57 Billion ≈ $2.12 Billion	0.443x	-1.66%
2023-12-31	Dkr25.75 Billion ≈ $4.03 Billion	Dkr11.61 Billion ≈ $1.82 Billion	0.451x	+20.87%
2022-12-31	Dkr34.72 Billion ≈ $5.43 Billion	Dkr12.95 Billion ≈ $2.03 Billion	0.373x	+37.14%
2021-12-31	Dkr48.76 Billion ≈ $7.63 Billion	Dkr13.26 Billion ≈ $2.07 Billion	0.272x	+7.91%
2020-12-31	Dkr43.36 Billion ≈ $6.78 Billion	Dkr10.93 Billion ≈ $1.71 Billion	0.252x	-5.21%
2019-12-31	Dkr46.03 Billion ≈ $7.20 Billion	Dkr12.24 Billion ≈ $1.91 Billion	0.266x	+5.69%
2018-12-31	Dkr47.89 Billion ≈ $7.49 Billion	Dkr12.05 Billion ≈ $1.88 Billion	0.252x	+5.28%
2017-12-31	Dkr49.52 Billion ≈ $7.75 Billion	Dkr11.83 Billion ≈ $1.85 Billion	0.239x	+37.42%
2016-12-31	Dkr53.65 Billion ≈ $8.39 Billion	Dkr9.33 Billion ≈ $1.46 Billion	0.174x	-19.01%
2015-12-31	Dkr47.23 Billion ≈ $7.39 Billion	Dkr10.14 Billion ≈ $1.59 Billion	0.215x	+62.35%
2014-12-31	Dkr56.00 Billion ≈ $8.76 Billion	Dkr7.41 Billion ≈ $1.16 Billion	0.132x	+4.10%
2013-12-31	Dkr71.50 Billion ≈ $11.19 Billion	Dkr9.08 Billion ≈ $1.42 Billion	0.127x	-5.21%
2012-12-31	Dkr73.65 Billion ≈ $11.52 Billion	Dkr9.87 Billion ≈ $1.54 Billion	0.134x	+8.93%
2011-12-31	Dkr71.63 Billion ≈ $11.21 Billion	Dkr8.81 Billion ≈ $1.38 Billion	0.123x	-22.26%
2010-12-31	Dkr69.63 Billion ≈ $10.89 Billion	Dkr11.02 Billion ≈ $1.72 Billion	0.158x	-25.52%
2009-12-31	Dkr64.15 Billion ≈ $10.04 Billion	Dkr13.63 Billion ≈ $2.13 Billion	0.212x	+65.25%
2008-12-31	Dkr60.75 Billion ≈ $9.50 Billion	Dkr7.81 Billion ≈ $1.22 Billion	0.129x	-46.98%
2007-12-31	Dkr19.94 Billion ≈ $3.12 Billion	Dkr4.84 Billion ≈ $756.78 Million	0.243x	+3.02%
2006-12-31	Dkr18.99 Billion ≈ $2.97 Billion	Dkr4.47 Billion ≈ $699.36 Million	0.235x	-3.05%
2005-12-31	Dkr19.50 Billion ≈ $3.05 Billion	Dkr4.73 Billion ≈ $740.67 Million	0.243x	+2.75%
2004-12-31	Dkr16.11 Billion ≈ $2.52 Billion	Dkr3.81 Billion ≈ $595.48 Million	0.236x	-6.32%
2003-12-31	Dkr17.91 Billion ≈ $2.80 Billion	Dkr4.52 Billion ≈ $706.72 Million	0.252x	-21.43%
2002-12-31	Dkr17.29 Billion ≈ $2.70 Billion	Dkr5.55 Billion ≈ $868.34 Million	0.321x	--

About Carlsberg A/S

CO:CARL-A Denmark Beverages - Brewers

Market Cap

$5.77 Billion

Dkr36.90 Billion DKK

Market Cap Rank

#3142 Global

#22 in Denmark

Share Price

Dkr1095.00

Change (1 day)

+0.92%

52-Week Range

Dkr842.00 - Dkr1150.00

All Time High

Dkr1510.00