Hermana Holding ASA (HERMA) - Cash Flow Conversion Efficiency

Latest as of December 2025: -0.040x

Based on the latest financial reports, Hermana Holding ASA (HERMA) has a cash flow conversion efficiency ratio of -0.040x 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 (Nkr-4.50 Million ≈ $-473.53K USD) by net assets (Nkr112.10 Million ≈ $11.80 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 HERMA net asset quality index to measure how much of total assets are equity-financed.

Hermana Holding ASA - Cash Flow Conversion Efficiency Trend (2021–2025)

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

Hermana Holding ASA Competitors by Cash Flow Conversion Efficiency

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

Company	Cash Flow Conversion Efficiency
LITHIUMBANK RESOURCES F:HT9	-0.174x
Vibhor Steel Tubes Limited NSE:VSTL	0.059x
JV SPAC Acquisition Corp. Class A Ordinary Share NASDAQ:JVSA	-0.007x
Allied Gaming & Entertainment Inc. NASDAQ:AGAE	0.000x
Ras Technology Holdings Ltd AU:RTH	0.036x
Grafton Group plc LSE:GFTU	0.080x
Fusemachines Inc. Common stock NASDAQ:FUSE	1.481x
GoldArc Resources Limited AU:GA8	-0.084x

Annual Cash Flow Conversion Efficiency for Hermana Holding ASA (2021–2025)

The table below shows the annual cash flow conversion efficiency of Hermana Holding ASA from 2021 to 2025. For the full company profile with market capitalisation and key ratios, see Hermana Holding ASA (HERMA) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	Nkr112.10 Million ≈ $11.80 Million	Nkr-4.50 Million ≈ $-473.53K	-0.040x	+41.94%
2024-12-31	Nkr121.50 Million ≈ $12.79 Million	Nkr-8.40 Million ≈ $-883.92K	-0.069x	--
2023-12-31	Nkr0.00 ≈ $0.00	Nkr80.20 Million ≈ $8.44 Million	x	--
2022-12-31	Nkr73.90 Million ≈ $7.78 Million	Nkr9.80 Million ≈ $1.03 Million	0.133x	-99.24%
2021-12-31	Nkr1.70 Million ≈ $178.89K	Nkr29.70 Million ≈ $3.13 Million	17.471x	--

About Hermana Holding ASA

OL:HERMA Norway Asset Management

Market Cap

$22.71 Million

Nkr215.77 Million NOK

Market Cap Rank

#24645 Global

#227 in Norway

Share Price

Nkr15.70

Change (1 day)

+0.00%

52-Week Range

Nkr12.40 - Nkr18.10

All Time High

Nkr22.26