Equinor ASA (EQNR) — Cash Flow Quality Index
Latest as of December 2025:
0.80x
Equinor ASA (EQNR) has a Cash Flow Quality Index of 0.80x as of December 2025. Operating cash flow of Nkr19.97 Billion is below net income of Nkr25.09 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Equinor ASA (EQNR) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.80x
Operating CF / Net Income
Operating Cash Flow
Nkr19.97 Billion
NOK
Net Income
Nkr25.09 Billion
NOK
Data as of
Dec 2025
Most recent filing
Equinor ASA Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Equinor ASA across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Equinor ASA cash flow conversion.
Annual Cash Flow Quality Index for Equinor ASA (1998–2025)
Year-by-year earnings quality comparison for Equinor ASA.
| Year | Quality Index | Operating CF (NOK) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.80x | Nkr19.97 Billion | Nkr25.09 Billion | ▼ -65.1% |
| 2024 | 2.28x | Nkr20.11 Billion | Nkr8.81 Billion | ▲ +250.2% |
| 2023 | 0.65x | Nkr24.70 Billion | Nkr37.88 Billion | ▲ +45.9% |
| 2022 | 0.45x | Nkr35.14 Billion | Nkr78.60 Billion | ▼ -51.0% |
| 2021 | 0.91x | Nkr28.82 Billion | Nkr31.58 Billion | ▼ -38.3% |
| 2019 | 1.48x | Nkr13.75 Billion | Nkr9.29 Billion | ▲ +41.8% |
| 2018 | 1.04x | Nkr19.69 Billion | Nkr18.87 Billion | ▼ -2.5% |
| 2017 | 1.07x | Nkr14.36 Billion | Nkr13.42 Billion | ▼ -95.8% |
| 2015 | 25.35x | Nkr12.40 Billion | Nkr489.17 Million | ▲ +2092.2% |
| 2014 | 1.16x | Nkr17.01 Billion | Nkr14.71 Billion | ▲ +58.0% |
| 2013 | 0.73x | Nkr16.66 Billion | Nkr22.76 Billion | ▲ +18.2% |
| 2012 | 0.62x | Nkr22.93 Billion | Nkr37.03 Billion | ▲ +18.8% |
| 2011 | 0.52x | Nkr18.67 Billion | Nkr35.83 Billion | ▼ -11.8% |
| 2010 | 0.59x | Nkr13.75 Billion | Nkr23.27 Billion | ▼ -7.0% |
| 2009 | 0.64x | Nkr12.60 Billion | Nkr19.83 Billion | ▲ +11.8% |
| 2008 | 0.57x | Nkr14.73 Billion | Nkr25.93 Billion | ▼ -11.2% |
| 2007 | 0.64x | Nkr17.29 Billion | Nkr27.03 Billion | ▼ -57.3% |
| 2006 | 1.50x | Nkr9.77 Billion | Nkr6.51 Billion | ▼ -18.1% |
| 2005 | 1.83x | Nkr8.33 Billion | Nkr4.55 Billion | ▲ +17.6% |
| 2004 | 1.56x | Nkr6.43 Billion | Nkr4.13 Billion | ▼ -16.3% |
| 2003 | 1.86x | Nkr4.63 Billion | Nkr2.49 Billion | ▲ +30.5% |
| 2002 | 1.43x | Nkr3.46 Billion | Nkr2.43 Billion | ▼ -37.2% |
| 2001 | 2.27x | Nkr4.36 Billion | Nkr1.92 Billion | ▼ -35.3% |
| 2000 | 3.51x | Nkr6.40 Billion | Nkr1.82 Billion | ▼ -40.7% |
| 1999 | 5.93x | Nkr2.52 Billion | Nkr424.51 Million | ▼ -92.1% |
| 1998 | 75.18x | Nkr1.32 Billion | Nkr17.59 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.