Carlsberg A/S Cash Flow Quality Index
Carlsberg A/S 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 debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Carlsberg A/S (2002–2025)
Cash flow quality index of Carlsberg A/S from 2002 to 2025. Historical Cash Flow Quality Index for Carlsberg A/S across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. See CARL-A equity to assets ratio to measure how much of total assets are equity-financed.
Carlsberg A/S Cash Flow Quality Index by Year (2002–2025)
Carlsberg A/S cash flow quality index by year from 2002 to 2025. Year-by-year earnings quality comparison for Carlsberg A/S. For the full cash flow conversion analysis, see CARL-A cash flow conversion.
| 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 | — |