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 -0.032x 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 (Nkr7.70 Million) by net assets (Nkr-237.87 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Norse Atlantic ASA - Cash Flow Conversion Efficiency Trend (2020–2024)
This chart illustrates how Norse Atlantic ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
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 |
|---|---|
|
Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret A.S.
IS:HKTM
|
-0.323x |
|
Scandium Canada Ltd
V:SCD
|
N/A |
|
FreeMs Corporation
KQ:053160
|
0.004x |
|
Ucloudlink Group Inc
NASDAQ:UCL
|
-0.028x |
|
Tugcelik Aluminyum ve Metal
IS:TUCLK
|
-0.073x |
|
Mostostal Warszawa S.A.
WAR:MSW
|
1.170x |
|
Bioceres Crop Solutions Corp
NASDAQ:BIOX
|
0.038x |
|
Symphony Life Bhd
KLSE:1538
|
-0.004x |
Annual Cash Flow Conversion Efficiency for Norse Atlantic ASA (2020–2024)
The table below shows the annual cash flow conversion efficiency of Norse Atlantic ASA from 2020 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Nkr-210.57 Million | Nkr55.64 Million | -0.264x | -215.29% |
| 2023-12-31 | Nkr-89.70 Million | Nkr-20.56 Million | 0.229x | +103.52% |
| 2022-12-31 | Nkr10.54 Million | Nkr-68.64 Million | -6.515x | -18166.99% |
| 2021-12-31 | Nkr156.39 Million | Nkr-5.58 Million | -0.036x | -- |
| 2020-12-31 | Nkr3.03 Million | Nkr0.00 | 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. The company was incorporated in 2021 and is headquartered in Arendal, Norway.