Norse Atlantic ASA (NORSE) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Norse Atlantic ASA (NORSE) has a cash flow conversion efficiency ratio of -0.059x 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 (Nkr16.66 Million ≈ $1.75 Million USD) by net assets (Nkr-283.76 Million ≈ $-29.86 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 NORSE equity to assets ratio to measure how much of total assets are equity-financed.
Norse Atlantic ASA - Cash Flow Conversion Efficiency Trend (2020–2025)
This chart illustrates how Norse Atlantic ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Norse Atlantic ASA (NORSE) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Norse Atlantic ASA Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Norse Atlantic ASA ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
CEL-SCI Corp
NYSE MKT:CVM
|
-0.361x |
|
Mega Polietilen Kopuk Sanayi ve Ticaret AS
IS:MEGAP
|
-0.371x |
|
FirstGroup PLC
LSE:FGP
|
0.314x |
|
Herkules S.A.
WAR:HRS
|
0.023x |
|
CBL International Limited Ordinary Shares
NASDAQ:BANL
|
-0.025x |
|
Nur Ink Innovations Ltd
TA:NURI
|
-0.258x |
|
Interwood-Xylemporia A.T.E.N.E.
AT:XYLEK
|
0.043x |
|
AIR INDUSTRIES GR.DL-001
F:YH1
|
-0.031x |
Annual Cash Flow Conversion Efficiency for Norse Atlantic ASA (2020–2025)
The table below shows the annual cash flow conversion efficiency of Norse Atlantic ASA from 2020 to 2025. For the full company profile with market capitalisation and key ratios, see market value of Norse Atlantic ASA.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | Nkr-260.01 Million ≈ $-27.36 Million |
Nkr70.36 Million ≈ $7.40 Million |
-0.271x | -2.42% |
| 2024-12-31 | Nkr-210.57 Million ≈ $-22.16 Million |
Nkr55.64 Million ≈ $5.85 Million |
-0.264x | -215.29% |
| 2023-12-31 | Nkr-89.70 Million ≈ $-9.44 Million |
Nkr-20.56 Million ≈ $-2.16 Million |
0.229x | +103.52% |
| 2022-12-31 | Nkr10.54 Million ≈ $1.11 Million |
Nkr-68.64 Million ≈ $-7.22 Million |
-6.515x | -18166.99% |
| 2021-12-31 | Nkr156.39 Million ≈ $16.46 Million |
Nkr-5.58 Million ≈ $-586.97K |
-0.036x | -- |
| 2020-12-31 | Nkr3.03 Million ≈ $318.94K |
Nkr0.00 ≈ $0.00 |
0.000x | -- |
About Norse Atlantic ASA
Norse Atlantic ASA provides long-haul airline services in Norway, the United Kingdom, rest of Europe, the United States, and internationally. The company serves a scheduled network across destinations. It also engages in leasing of aircraft and technical services. The company was incorporated in 2021 and is headquartered in Arendal, Norway.