Icelandair Group hf (ICEAIR) - Cash Flow Conversion Efficiency

Latest as of June 2025: 0.417x

Based on the latest financial reports, Icelandair Group hf (ICEAIR) has a cash flow conversion efficiency ratio of 0.417x as of June 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 (Ikr118.02 Million ≈ $962.18K USD) by net assets (Ikr283.28 Million ≈ $2.31 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see ICEAIR market cap for the company's overall valuation and market capitalisation.

Icelandair Group hf - Cash Flow Conversion Efficiency Trend (2007–2024)

This chart illustrates how Icelandair Group hf's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Icelandair Group hf Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Icelandair Group hf ranked by their cash flow conversion efficiency. Explore earnings quality score of Icelandair Group hf to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Shin Shin Natural Gas Co Ltd TW:9918	0.038x
Provident Bancorp Inc NASDAQ:PVBC	0.020x
Ares Commercial Real Estate NYSE:ACRE	0.014x
Exotic Food Public Company Limited BK:XO	0.107x
Hansae Co KO:105630	0.006x
Sanstar Ltd NSE:SANSTAR	0.064x
Zhejiang Power New Energy Co. Ltd. A SHG:688184	N/A
Kardan Real Estate Enterprise and Development Ltd TA:KARE	-0.014x

Annual Cash Flow Conversion Efficiency for Icelandair Group hf (2007–2024)

The table below shows the annual cash flow conversion efficiency of Icelandair Group hf from 2007 to 2024. View today's stock price for Icelandair Group hf for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Ikr269.07 Million ≈ $2.19 Million	Ikr221.16 Million ≈ $1.80 Million	0.822x	+10.17%
2023-12-31	Ikr288.35 Million ≈ $2.35 Million	Ikr215.12 Million ≈ $1.75 Million	0.746x	+7.00%
2022-12-31	Ikr273.39 Million ≈ $2.23 Million	Ikr190.62 Million ≈ $1.55 Million	0.697x	+206.37%
2021-12-31	Ikr222.38 Million ≈ $1.81 Million	Ikr50.61 Million ≈ $412.62K	0.228x	+127.42%
2020-12-31	Ikr232.81 Million ≈ $1.90 Million	Ikr-193.22 Million ≈ $-1.58 Million	-0.830x	-434.03%
2019-12-31	Ikr482.48 Million ≈ $3.93 Million	Ikr119.88 Million ≈ $977.32K	0.248x	+90.28%
2018-12-31	Ikr471.38 Million ≈ $3.84 Million	Ikr61.55 Million ≈ $501.82K	0.131x	-62.43%
2017-12-31	Ikr591.53 Million ≈ $4.82 Million	Ikr205.60 Million ≈ $1.68 Million	0.348x	-5.51%
2016-12-31	Ikr568.21 Million ≈ $4.63 Million	Ikr209.02 Million ≈ $1.70 Million	0.368x	-31.49%
2015-12-31	Ikr456.53 Million ≈ $3.72 Million	Ikr245.14 Million ≈ $2.00 Million	0.537x	-8.96%
2014-12-31	Ikr365.05 Million ≈ $2.98 Million	Ikr215.31 Million ≈ $1.76 Million	0.590x	-11.59%
2013-12-31	Ikr346.08 Million ≈ $2.82 Million	Ikr230.87 Million ≈ $1.88 Million	0.667x	+18.40%
2012-12-31	Ikr295.93 Million ≈ $2.41 Million	Ikr166.74 Million ≈ $1.36 Million	0.563x	+26.47%
2011-12-31	Ikr32.29 Billion ≈ $263.26 Million	Ikr14.39 Billion ≈ $117.28 Million	0.446x	-11.69%
2010-12-31	Ikr28.40 Billion ≈ $231.56 Million	Ikr14.33 Billion ≈ $116.82 Million	0.504x	-16.09%
2009-12-31	Ikr14.61 Billion ≈ $119.07 Million	Ikr8.78 Billion ≈ $71.59 Million	0.601x	+310.92%
2008-12-31	Ikr20.08 Billion ≈ $163.70 Million	Ikr2.94 Billion ≈ $23.95 Million	0.146x	-5.82%
2007-12-31	Ikr25.03 Billion ≈ $204.08 Million	Ikr3.89 Billion ≈ $31.71 Million	0.155x	--

About Icelandair Group hf

IC:ICEAIR Iceland Airlines

Market Cap

$240.03 Million

Ikr29.44 Billion ISK

Market Cap Rank

#15917 Global

#17 in Iceland

Share Price

Ikr0.72

Change (1 day)

+0.85%

52-Week Range

Ikr0.70 - Ikr1.15

All Time High

Ikr38.17