Airthings ASA (AIRX) - Cash Flow Conversion Efficiency

Latest as of June 2025: -0.177x

Based on the latest financial reports, Airthings ASA (AIRX) has a cash flow conversion efficiency ratio of -0.177x 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 (Nkr-3.82 Million ≈ $-401.87K USD) by net assets (Nkr21.56 Million ≈ $2.27 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Airthings ASA - Cash Flow Conversion Efficiency Trend (2017–2024)

This chart illustrates how Airthings ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Airthings ASA debt and liabilities for a breakdown of total debt and financial obligations.

Airthings ASA Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Airthings ASA ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Asuransi Dayin Mitra Tbk JK:ASDM	-0.007x
TS Corp Preference Shares KO:001795	0.061x
Yorkton Equity Group Inc V:YEG	0.029x
Surgepays Inc NASDAQ:SURG	0.723x
Serica Energy PLC LSE:SQZ	0.174x
Pintec Technology Holdings Ltd NASDAQ:PT	4.634x
Shin Hwa Silup KO:001770	-0.042x
Ganges Securities Limited NSE:GANGESSECU	0.029x

Annual Cash Flow Conversion Efficiency for Airthings ASA (2017–2024)

The table below shows the annual cash flow conversion efficiency of Airthings ASA from 2017 to 2024. For the full company profile with market capitalisation and key ratios, see Airthings ASA market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Nkr28.44 Million ≈ $2.99 Million	Nkr-1.96 Million ≈ $-206.35K	-0.069x	+66.95%
2023-12-31	Nkr50.26 Million ≈ $5.29 Million	Nkr-10.49 Million ≈ $-1.10 Million	-0.209x	+52.07%
2022-12-31	Nkr50.93 Million ≈ $5.36 Million	Nkr-22.17 Million ≈ $-2.33 Million	-0.435x	-85.98%
2021-12-31	Nkr67.84 Million ≈ $7.14 Million	Nkr-15.88 Million ≈ $-1.67 Million	-0.234x	-167.59%
2020-12-31	Nkr659.83 Million ≈ $69.43 Million	Nkr-57.72 Million ≈ $-6.07 Million	-0.087x	+75.10%
2019-12-31	Nkr97.51 Million ≈ $10.26 Million	Nkr-34.25 Million ≈ $-3.60 Million	-0.351x	+1.68%
2018-12-31	Nkr49.25 Million ≈ $5.18 Million	Nkr-17.59 Million ≈ $-1.85 Million	-0.357x	-908.95%
2017-12-31	Nkr49.48 Million ≈ $5.21 Million	Nkr-1.75 Million ≈ $-184.36K	-0.035x	--

About Airthings ASA

OL:AIRX Norway Electrical Equipment & Parts

Market Cap

$13.83 Million

Nkr131.41 Million NOK

Market Cap Rank

#26062 Global

#245 in Norway

Share Price

Nkr0.13

Change (1 day)

+3.54%

52-Week Range

Nkr0.10 - Nkr1.64

All Time High

Nkr15.00