Carlsberg A/S (CARL-B) — Cash Flow Quality Index
Carlsberg A/S (CARL-B) 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 cash conversion from operations to assess how effectively this company generates cash.
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 CARL-B cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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 CARL-B company net worth.
| 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 | — |