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. See Icelandair Group hf (ICEAIR) balance sheet quality index to measure how much of total assets are equity-financed.

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. Check cash flow quality index of Icelandair Group hf to evaluate the quality of earnings relative to operating cash generation.

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
Provident Bancorp Inc NASDAQ:PVBC	0.020x
GSR IV Acquisition Corp. Class A ordinary share NASDAQ:GSRF	-0.002x
Alro Slatina RO:ALR	0.049x
Viking Acquisition Corp. I NYSE:VACI	N/A
Aurelius Technologies Bhd KLSE:5302	0.070x
Jiangsu Hongde Special Parts Co.Ltd. SHE:301163	0.012x
Iljin HySolus Co Ltd KO:271940	0.008x
RGC Resources Inc NASDAQ:RGCO	0.009x

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 company net worth.

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

#15776 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