Havila Shipping ASA (HAVI) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.044x

Based on the latest financial reports, Havila Shipping ASA (HAVI) has a cash flow conversion efficiency ratio of -0.044x as of March 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 (Nkr-12.85 Million ≈ $-1.35 Million USD) by net assets (Nkr289.13 Million ≈ $30.42 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see HAVI company net worth for the company's overall valuation and market capitalisation.

Havila Shipping ASA - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how Havila Shipping ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data.

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. Explore cash flow quality index of Havila Shipping ASA to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
VivoPower International PLC NASDAQ:VVPR	0.221x
Maat Pharma SA PA:MAAT	-1.853x
U-Tech Co Ltd KQ:178780	-0.024x
Formet Celik Kapi Sanayi ve Ticaret AS IS:FORMT	0.033x
Prevision Sanitaria Nacional Gestion SOCIMI S.A. MC:YPSN	N/A
EON Resources Inc. NYSE MKT:EONR	-0.127x
Metallic Minerals Corp V:MMG	-0.327x
Atlas Engineered Products Ltd V:AEP	0.050x

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. View Havila Shipping ASA share price for real-time trading data and today's change.

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

$31.56 Million

Nkr299.93 Million NOK

Market Cap Rank

#23667 Global

#221 in Norway

Share Price

Nkr1.09

Change (1 day)

-1.36%

52-Week Range

Nkr0.79 - Nkr1.78

All Time High

Nkr505.00