Equinor ASA Cash Flow Conversion Efficiency

Latest as of December 2025: 0.494x

Equinor ASA cash flow conversion efficiency. 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.

Cash Flow Conversion Efficiency of Equinor ASA (1998–2024)

Cash flow conversion efficiency of Equinor ASA from 1998 to 2024. This chart illustrates how Equinor ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. View EQNR stock price for real-time trading data and today's change.

Equinor ASA Cash Flow Conversion Ratio Explained

Equinor ASA cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

Equinor ASA Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Equinor ASA ranked by their cash flow conversion efficiency. Also see market value of Equinor ASA for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Mizuho Financial Group Inc. NYSE:MFG	0.051x
Newmont Corporation AU:NEM	0.108x
HITACHI LTD ADR/10 F:HIAA	N/A
BP PLC ADR NYSE:BP	0.037x
Lowe's Companies Inc NYSE:LOW	-0.361x
Safran SA PA:SAF	0.200x
Banco Bilbao Vizcaya Argentaria SA MC:BBVA	0.278x
Bank of Nova Scotia TO:BNS	0.148x

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. Review cash generation quality of Equinor ASA to assess how much free cash flow the company generates relative to operating cash flow.

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

$117.55 Billion

Nkr1.12 Trillion NOK

Market Cap Rank

#205 Global

#1 in Norway

Share Price

Nkr447.50

Change (1 day)

+2.78%

52-Week Range

Nkr227.00 - Nkr453.80

All Time High

Nkr453.80