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. See AIRX days of operational coverage to measure how many days the company can operate on defensive assets alone.

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.

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
Exicure Inc NASDAQ:XCUR	-0.544x
Boule Diagnostics AB ST:BOUL	-0.017x
Korea Mcnulty Co Ltd KQ:222980	0.053x
Highway 50 Gold Corp V:HWY	-0.043x
Ta Win Holdings Bhd KLSE:7097	-0.034x
Pintec Technology Holdings Ltd NASDAQ:PT	4.634x
Ironman International Ltd. V:IMI	1.235x
Izoblok WAR:IZB	0.056x

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

#26252 Global

#242 in Norway

Share Price

Nkr0.13

Change (1 day)

+3.54%

52-Week Range

Nkr0.10 - Nkr1.64

All Time High

Nkr15.00