Carlsberg A/S (CARL-A) — Cash Flow Quality Index
Carlsberg A/S (CARL-A) has a Cash Flow Quality Index of 2.86x as of December 2025. Operating cash flow of Dkr7.41 Billion exceeds net income of Dkr2.59 Billion, indicating high earnings quality where cash backs reported profits. Explore Carlsberg A/S long-term investment allocation to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Carlsberg A/S Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for Carlsberg A/S across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Carlsberg A/S (CARL-A) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Carlsberg A/S (2002–2025)
Year-by-year earnings quality comparison for Carlsberg A/S. For live market cap and the full company financial profile, see market cap of Carlsberg A/S.
| Year | Quality Index | Operating CF (DKK) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.19x | Dkr13.04 Billion | Dkr5.96 Billion | ▲ +84.2% |
| 2024 | 1.19x | Dkr13.57 Billion | Dkr11.41 Billion | ▲ +13.8% |
| 2023 | 1.05x | Dkr11.61 Billion | Dkr11.11 Billion | ▼ -7.4% |
| 2022 | 1.13x | Dkr12.95 Billion | Dkr11.47 Billion | ▼ -7.5% |
| 2021 | 1.22x | Dkr13.26 Billion | Dkr10.86 Billion | ▲ +8.3% |
| 2020 | 1.13x | Dkr10.93 Billion | Dkr9.70 Billion | ▼ -3.7% |
| 2019 | 1.17x | Dkr12.24 Billion | Dkr10.46 Billion | ▼ -9.4% |
| 2018 | 1.29x | Dkr12.05 Billion | Dkr9.33 Billion | ▼ -3.1% |
| 2017 | 1.33x | Dkr11.83 Billion | Dkr8.88 Billion | ▲ +17.8% |
| 2016 | 1.13x | Dkr9.33 Billion | Dkr8.24 Billion | ▼ -5.6% |
| 2015 | 1.20x | Dkr10.14 Billion | Dkr8.46 Billion | ▲ +49.5% |
| 2014 | 0.80x | Dkr7.41 Billion | Dkr9.23 Billion | ▼ -13.1% |
| 2013 | 0.92x | Dkr9.08 Billion | Dkr9.84 Billion | ▼ -8.5% |
| 2012 | 1.01x | Dkr9.87 Billion | Dkr9.79 Billion | ▲ +12.3% |
| 2011 | 0.90x | Dkr8.81 Billion | Dkr9.82 Billion | ▼ -16.5% |
| 2010 | 1.08x | Dkr11.02 Billion | Dkr10.25 Billion | ▼ -25.9% |
| 2009 | 1.45x | Dkr13.63 Billion | Dkr9.39 Billion | ▲ +48.3% |
| 2008 | 0.98x | Dkr7.81 Billion | Dkr7.98 Billion | ▲ +6.5% |
| 2007 | 0.92x | Dkr4.84 Billion | Dkr5.26 Billion | ▼ -16.8% |
| 2006 | 1.10x | Dkr4.47 Billion | Dkr4.05 Billion | ▼ -17.9% |
| 2005 | 1.35x | Dkr4.73 Billion | Dkr3.52 Billion | ▲ +11.1% |
| 2004 | 1.21x | Dkr3.81 Billion | Dkr3.14 Billion | ▼ -15.2% |
| 2003 | 1.43x | Dkr4.52 Billion | Dkr3.16 Billion | ▼ -3.4% |
| 2002 | 1.48x | Dkr5.55 Billion | Dkr3.76 Billion | — |