Havila Shipping ASA (HAVI) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.404x

Based on the latest financial reports, Havila Shipping ASA (HAVI) has a cash flow conversion efficiency ratio of 0.404x as of September 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 (Nkr146.44 Million ≈ $15.41 Million USD) by net assets (Nkr362.92 Million ≈ $38.19 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 Havila Shipping ASA balance sheet independence to measure how much of total assets are equity-financed.

Havila Shipping ASA - Cash Flow Conversion Efficiency Trend (2004–2024)

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

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.

Company	Cash Flow Conversion Efficiency
Avrasya Gayrimenkul Yatirim Ortakligi AS IS:AVGYO	0.017x
Atlanta Poland SA WAR:ATP	0.164x
Laser Photonics Corporation Common Stock NASDAQ:LASE	0.985x
NIGHTINGALE HEALTH EO 1 F:7XE	N/A
Kartal Yenilenebilir Enerji Uretim AS IS:KARYE	-0.059x
Gensource Potash Corporation V:GSP	-0.005x
AfroCentric Investment Corp JSE:ACT	0.106x
Rekah Pharmaceutical Industry Ltd TA:REKA	0.037x

Annual Cash Flow Conversion Efficiency for Havila Shipping ASA (2004–2024)

The table below shows the annual cash flow conversion efficiency of Havila Shipping ASA from 2004 to 2024. For the full company profile with market capitalisation and key ratios, see Havila Shipping ASA (HAVI) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
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

$33.44 Million

Nkr317.82 Million NOK

Market Cap Rank

#23320 Global

#217 in Norway

Share Price

Nkr1.16

Change (1 day)

+2.67%

52-Week Range

Nkr0.79 - Nkr1.78

All Time High

Nkr505.00