Havila Shipping ASA Cash Flow Conversion Efficiency

Latest as of June 2026: 0.071x

Havila Shipping ASA cash flow conversion efficiency. Based on the latest financial reports, Havila Shipping ASA (HAVI) has a cash flow conversion efficiency ratio of 0.071x as of June 2026. 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 (Nkr19.54 Million ≈ $2.06 Million USD) by net assets (Nkr276.92 Million ≈ $29.14 Million 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 Havila Shipping ASA (2004–2025)

Cash flow conversion efficiency of Havila Shipping ASA from 2004 to 2025. This chart illustrates how Havila Shipping ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. View HAVI live share price for real-time trading data and today's change.

Havila Shipping ASA Cash Flow Conversion Ratio Explained

Havila Shipping 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.

Havila Shipping ASA Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Havila Shipping ASA ranked by their cash flow conversion efficiency. Also see HAVI market cap overview for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Secuve Co. Ltd KQ:131090	0.065x
Lider Faktoring AS IS:LIDFA	-0.140x
Petratherm Ltd AU:PTR	-0.044x
Accent Resources NL AU:ACS	-0.036x
Wonil Special Steel Co. Ltd KQ:012620	0.052x
Damsan JSC VN:ADS	-0.246x
Roblon A/S CO:RBLN-B	-0.018x
Resintech Bhd KLSE:7232	0.072x

Annual Cash Flow Conversion Efficiency for Havila Shipping ASA (2004–2025)

The table below shows the annual cash flow conversion efficiency of Havila Shipping ASA from 2004 to 2025. Review Havila Shipping ASA (HAVI) FCF generation index 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
2025-12-31	Nkr336.58 Million ≈ $35.42 Million	Nkr248.83 Million ≈ $26.18 Million	0.739x	+5.33%
2024-12-31	Nkr327.17 Million ≈ $34.43 Million	Nkr229.64 Million ≈ $24.16 Million	0.702x	-85.68%
2023-12-31	Nkr19.53 Million ≈ $2.06 Million	Nkr95.77 Million ≈ $10.08 Million	4.903x	+311.47%
2022-12-31	Nkr-93.50 Million ≈ $-9.84 Million	Nkr216.78 Million ≈ $22.81 Million	-2.319x	-135.23%
2021-12-31	Nkr19.22 Million ≈ $2.02 Million	Nkr126.47 Million ≈ $13.31 Million	6.581x	+571.06%
2020-12-31	Nkr137.14 Million ≈ $14.43 Million	Nkr134.50 Million ≈ $14.15 Million	0.981x	+1167.55%
2019-12-31	Nkr-1.03 Billion ≈ $-108.87 Million	Nkr95.04 Million ≈ $10.00 Million	-0.092x	-285.77%
2018-12-31	Nkr-712.54 Million ≈ $-74.98 Million	Nkr-35.24 Million ≈ $-3.71 Million	0.049x	+109.21%
2017-12-31	Nkr423.14 Million ≈ $44.53 Million	Nkr-227.13 Million ≈ $-23.90 Million	-0.537x	+8.33%
2016-12-31	Nkr-699.94 Million ≈ $-73.65 Million	Nkr409.84 Million ≈ $43.13 Million	-0.586x	-181.33%
2015-12-31	Nkr502.40 Million ≈ $52.87 Million	Nkr361.71 Million ≈ $38.06 Million	0.720x	+286.44%
2014-12-31	Nkr2.02 Billion ≈ $212.78 Million	Nkr376.72 Million ≈ $39.64 Million	0.186x	+21.73%
2013-12-31	Nkr2.02 Billion ≈ $212.73 Million	Nkr309.39 Million ≈ $32.56 Million	0.153x	+56.73%
2012-12-31	Nkr2.01 Billion ≈ $211.32 Million	Nkr196.09 Million ≈ $20.63 Million	0.098x	-30.47%
2011-12-31	Nkr1.81 Billion ≈ $190.39 Million	Nkr254.08 Million ≈ $26.74 Million	0.140x	+209.96%
2010-12-31	Nkr1.70 Billion ≈ $178.37 Million	Nkr76.79 Million ≈ $8.08 Million	0.045x	-63.62%
2009-12-31	Nkr1.70 Billion ≈ $179.18 Million	Nkr212.07 Million ≈ $22.32 Million	0.125x	-34.16%
2008-12-31	Nkr1.13 Billion ≈ $118.47 Million	Nkr212.96 Million ≈ $22.41 Million	0.189x	-62.94%
2007-12-31	Nkr879.48 Million ≈ $92.55 Million	Nkr448.85 Million ≈ $47.23 Million	0.510x	+59.07%
2006-12-31	Nkr989.43 Million ≈ $104.12 Million	Nkr317.45 Million ≈ $33.41 Million	0.321x	+18.40%
2005-12-31	Nkr646.35 Million ≈ $68.01 Million	Nkr175.15 Million ≈ $18.43 Million	0.271x	+21.15%
2004-12-31	Nkr242.82 Million ≈ $25.55 Million	Nkr54.31 Million ≈ $5.72 Million	0.224x	--

About Havila Shipping ASA

OL:HAVI Norway Marine Shipping

Market Cap

$22.01 Million

Nkr209.13 Million NOK

Market Cap Rank

#24617 Global

#224 in Norway

Share Price

Nkr0.76

Change (1 day)

-9.31%

52-Week Range

Nkr0.76 - Nkr1.78

All Time High

Nkr505.00