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.

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. Read ICEAIR total debt and obligations for a breakdown of total debt and financial obligations.

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.

Company	Cash Flow Conversion Efficiency
ProKidney Corp. NASDAQ:PROK	-0.084x
Tungsten Mining NL AU:TGN	-0.091x
COG Financial Services Ltd AU:COG	0.198x
Chorokbaem Healthcare Co Ltd KO:118000	0.000x
Vine Hill Capital Investment Corp. Class A Ordinary Shares NASDAQ:VCIC	0.071x
OE Solutions Co. Ltd KQ:138080	-0.023x
Nusantara Infrastructure Tbk JK:META	0.015x
INTEKPLUS Co. Ltd KQ:064290	-0.062x

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. For the full company profile with market capitalisation and key ratios, see ICEAIR market cap overview.

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

$242.04 Million

Ikr29.69 Billion ISK

Market Cap Rank

#15818 Global

#17 in Iceland

Share Price

Ikr0.72

Change (1 day)

-1.10%

52-Week Range

Ikr0.70 - Ikr1.28

All Time High

Ikr38.17