Equinor ASA (EQNR) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.494x

Based on the latest financial reports, Equinor ASA (EQNR) has a cash flow conversion efficiency ratio of 0.494x as of December 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 (Nkr19.97 Billion ≈ $2.10 Billion USD) by net assets (Nkr40.42 Billion ≈ $4.25 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See how leveraged is Equinor ASA's balance sheet to measure how much of total assets are equity-financed.

Equinor ASA - Cash Flow Conversion Efficiency Trend (1998–2024)

This chart illustrates how Equinor ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Equinor ASA (EQNR) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Equinor ASA Competitors by Cash Flow Conversion Efficiency

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

Company	Cash Flow Conversion Efficiency
ServiceNow Inc NYSE:NOW	0.173x
Equinix Inc NASDAQ:EQIX	0.050x
Samsung Electronics Co Pref KO:005935	0.083x
CVS Health Corp NYSE:CVS	0.045x
Constellation Energy Corp NASDAQ:CEG	0.054x
BNP PARIBAS ADR 1/2/EO 2 F:BNPH	N/A
Delta Electronics (Thailand) Public Company Limited F:NVAW	0.028x
Southern Company NYSE:SO	0.099x

Annual Cash Flow Conversion Efficiency for Equinor ASA (1998–2024)

The table below shows the annual cash flow conversion efficiency of Equinor ASA from 1998 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Equinor ASA worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Nkr42.38 Billion ≈ $4.46 Billion	Nkr20.11 Billion ≈ $2.12 Billion	0.475x	-6.83%
2023-12-31	Nkr48.50 Billion ≈ $5.10 Billion	Nkr24.70 Billion ≈ $2.60 Billion	0.509x	-21.74%
2022-12-31	Nkr53.99 Billion ≈ $5.68 Billion	Nkr35.14 Billion ≈ $3.70 Billion	0.651x	-11.87%
2021-12-31	Nkr39.02 Billion ≈ $4.11 Billion	Nkr28.82 Billion ≈ $3.03 Billion	0.738x	+140.96%
2020-12-31	Nkr33.89 Billion ≈ $3.57 Billion	Nkr10.39 Billion ≈ $1.09 Billion	0.306x	-8.26%
2019-12-31	Nkr41.16 Billion ≈ $4.33 Billion	Nkr13.75 Billion ≈ $1.45 Billion	0.334x	-27.08%
2018-12-31	Nkr42.99 Billion ≈ $4.52 Billion	Nkr19.69 Billion ≈ $2.07 Billion	0.458x	+27.22%
2017-12-31	Nkr39.88 Billion ≈ $4.20 Billion	Nkr14.36 Billion ≈ $1.51 Billion	0.360x	+39.91%
2016-12-31	Nkr35.10 Billion ≈ $3.69 Billion	Nkr9.03 Billion ≈ $950.64 Million	0.257x	-16.17%
2015-12-31	Nkr40.38 Billion ≈ $4.25 Billion	Nkr12.40 Billion ≈ $1.30 Billion	0.307x	-7.47%
2014-12-31	Nkr51.27 Billion ≈ $5.40 Billion	Nkr17.01 Billion ≈ $1.79 Billion	0.332x	+16.62%
2013-12-31	Nkr58.54 Billion ≈ $6.16 Billion	Nkr16.66 Billion ≈ $1.75 Billion	0.285x	-28.90%
2012-12-31	Nkr57.29 Billion ≈ $6.03 Billion	Nkr22.93 Billion ≈ $2.41 Billion	0.400x	+2.39%
2011-12-31	Nkr47.77 Billion ≈ $5.03 Billion	Nkr18.67 Billion ≈ $1.97 Billion	0.391x	+9.50%
2010-12-31	Nkr38.51 Billion ≈ $4.05 Billion	Nkr13.75 Billion ≈ $1.45 Billion	0.357x	-2.15%
2009-12-31	Nkr34.53 Billion ≈ $3.63 Billion	Nkr12.60 Billion ≈ $1.33 Billion	0.365x	-23.13%
2008-12-31	Nkr31.05 Billion ≈ $3.27 Billion	Nkr14.73 Billion ≈ $1.55 Billion	0.475x	-9.53%
2007-12-31	Nkr32.97 Billion ≈ $3.47 Billion	Nkr17.29 Billion ≈ $1.82 Billion	0.525x	+6.52%
2006-12-31	Nkr19.84 Billion ≈ $2.09 Billion	Nkr9.77 Billion ≈ $1.03 Billion	0.492x	-5.34%
2005-12-31	Nkr16.02 Billion ≈ $1.69 Billion	Nkr8.33 Billion ≈ $876.66 Million	0.520x	+16.15%
2004-12-31	Nkr14.36 Billion ≈ $1.51 Billion	Nkr6.43 Billion ≈ $676.62 Million	0.448x	+4.20%
2003-12-31	Nkr10.78 Billion ≈ $1.13 Billion	Nkr4.63 Billion ≈ $487.42 Million	0.430x	+4.79%
2002-12-31	Nkr8.43 Billion ≈ $887.39 Million	Nkr3.46 Billion ≈ $363.99 Million	0.410x	-44.22%
2001-12-31	Nkr5.93 Billion ≈ $623.90 Million	Nkr4.36 Billion ≈ $458.80 Million	0.735x	-8.90%
2000-12-31	Nkr7.93 Billion ≈ $834.57 Million	Nkr6.40 Billion ≈ $673.67 Million	0.807x	+66.48%
1999-12-31	Nkr5.19 Billion ≈ $546.21 Million	Nkr2.52 Billion ≈ $264.83 Million	0.485x	+99.16%
1998-12-31	Nkr5.43 Billion ≈ $571.65 Million	Nkr1.32 Billion ≈ $139.17 Million	0.243x	--

About Equinor ASA

OL:EQNR Norway Oil & Gas Integrated

Market Cap

$99.71 Billion

Nkr947.60 Billion NOK

Market Cap Rank

#253 Global

#1 in Norway

Share Price

Nkr379.60

Change (1 day)

+4.17%

52-Week Range

Nkr227.00 - Nkr420.40

All Time High

Nkr420.40