Norwegian Air Shuttle ASA (NAS) - Cash Flow Conversion Efficiency

Latest as of June 2025: 1.090x

Based on the latest financial reports, Norwegian Air Shuttle ASA (NAS) has a cash flow conversion efficiency ratio of 1.090x as of June 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 (Nkr6.45 Billion ≈ $678.30 Million USD) by net assets (Nkr5.91 Billion ≈ $622.32 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 Norwegian Air Shuttle ASA (NAS) net asset quality to measure how much of total assets are equity-financed.

Norwegian Air Shuttle ASA - Cash Flow Conversion Efficiency Trend (2002–2024)

This chart illustrates how Norwegian Air Shuttle ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check NAS cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

Norwegian Air Shuttle ASA Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Norwegian Air Shuttle ASA ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
JHSF Participações S.A. SA:JHSF3	-0.031x
Northking Information Technology Co SHE:002987	0.027x
Collective Mining Ltd. NYSE:CNL	-0.158x
Guangdong High Dream Intellectualized Machinery Co Ltd Class A SHE:300720	0.022x
Scientex Bhd KLSE:4731	0.035x
FLEX LNG Ltd OL:FLNG	0.035x
Xinxiang Chemical Fiber Co Ltd SHE:000949	0.020x
Turning Point Brands Inc NYSE:TPB	-0.058x

Annual Cash Flow Conversion Efficiency for Norwegian Air Shuttle ASA (2002–2024)

The table below shows the annual cash flow conversion efficiency of Norwegian Air Shuttle ASA from 2002 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Norwegian Air Shuttle ASA worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Nkr7.24 Billion ≈ $761.93 Million	Nkr6.95 Billion ≈ $730.92 Million	0.959x	+5.33%
2023-12-31	Nkr5.77 Billion ≈ $607.44 Million	Nkr5.26 Billion ≈ $553.24 Million	0.911x	+57.82%
2022-12-31	Nkr4.20 Billion ≈ $442.32 Million	Nkr2.43 Billion ≈ $255.25 Million	0.577x	+1256.45%
2021-12-31	Nkr3.27 Billion ≈ $344.06 Million	Nkr139.10 Million ≈ $14.64 Million	0.043x	-79.74%
2020-12-31	Nkr-6.62 Billion ≈ $-697.03 Million	Nkr-1.39 Billion ≈ $-146.36 Million	0.210x	-71.49%
2019-12-31	Nkr4.12 Billion ≈ $434.06 Million	Nkr3.04 Billion ≈ $319.66 Million	0.736x	+171.30%
2018-12-31	Nkr1.70 Billion ≈ $179.36 Million	Nkr462.70 Million ≈ $48.69 Million	0.271x	-80.37%
2017-12-31	Nkr2.10 Billion ≈ $220.81 Million	Nkr2.90 Billion ≈ $305.30 Million	1.383x	+83.76%
2016-12-31	Nkr4.05 Billion ≈ $426.07 Million	Nkr3.05 Billion ≈ $320.58 Million	0.752x	-5.33%
2015-12-31	Nkr2.97 Billion ≈ $312.04 Million	Nkr2.36 Billion ≈ $247.99 Million	0.795x	+483.60%
2014-12-31	Nkr2.11 Billion ≈ $221.85 Million	Nkr287.10 Million ≈ $30.21 Million	0.136x	-84.26%
2013-12-31	Nkr2.75 Billion ≈ $289.36 Million	Nkr2.38 Billion ≈ $250.32 Million	0.865x	+3.58%
2012-12-31	Nkr2.42 Billion ≈ $254.72 Million	Nkr2.02 Billion ≈ $212.74 Million	0.835x	+141.10%
2011-12-31	Nkr1.95 Billion ≈ $204.73 Million	Nkr673.97 Million ≈ $70.92 Million	0.346x	-22.68%
2010-12-31	Nkr1.80 Billion ≈ $188.98 Million	Nkr804.63 Million ≈ $84.67 Million	0.448x	-21.47%
2009-12-31	Nkr1.60 Billion ≈ $168.54 Million	Nkr913.82 Million ≈ $96.16 Million	0.571x	+232.80%
2008-12-31	Nkr897.37 Million ≈ $94.43 Million	Nkr-385.55 Million ≈ $-40.57 Million	-0.430x	-147.69%
2007-12-31	Nkr508.27 Million ≈ $53.48 Million	Nkr457.93 Million ≈ $48.19 Million	0.901x	+210.87%
2006-12-31	Nkr260.73 Million ≈ $27.44 Million	Nkr75.56 Million ≈ $7.95 Million	0.290x	-56.97%
2005-12-31	Nkr141.59 Million ≈ $14.90 Million	Nkr95.36 Million ≈ $10.03 Million	0.673x	+217.34%
2004-12-31	Nkr158.27 Million ≈ $16.65 Million	Nkr-90.85 Million ≈ $-9.56 Million	-0.574x	-345.97%
2003-12-31	Nkr263.53 Million ≈ $27.73 Million	Nkr61.50 Million ≈ $6.47 Million	0.233x	+465.43%
2002-12-31	Nkr71.16 Million ≈ $7.49 Million	Nkr-4.54 Million ≈ $-478.16K	-0.064x	--

About Norwegian Air Shuttle ASA

OL:NAS Norway Airlines

Market Cap

$1.45 Billion

Nkr13.74 Billion NOK

Market Cap Rank

#7234 Global

#56 in Norway

Share Price

Nkr13.03

Change (1 day)

-0.23%

52-Week Range

Nkr12.50 - Nkr17.98

All Time High

Nkr10114.86