Havila Shipping ASA (HAVI) — Cash Flow Quality Index

Latest as of December 2025: 24.25x

Havila Shipping ASA (HAVI) has a Cash Flow Quality Index of 24.25x as of December 2025. Operating cash flow of Nkr248.83 Million exceeds net income of Nkr10.26 Million, indicating high earnings quality where cash backs reported profits. Explore HAVI debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

24.25x
Operating CF / Net Income

Operating Cash Flow

Nkr248.83 Million
NOK

Net Income

Nkr10.26 Million
NOK

Data as of

Dec 2025
Most recent filing

Havila Shipping ASA Cash Flow Quality Index (2004–2025)

Historical Cash Flow Quality Index for Havila Shipping ASA across 16 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Havila Shipping ASA cash conversion from operations.

Annual Cash Flow Quality Index for Havila Shipping ASA (2004–2025)

Year-by-year earnings quality comparison for Havila Shipping ASA.

Year Quality Index Operating CF (NOK) Net Income YoY Change
2025 24.25x Nkr248.83 Million Nkr10.26 Million ▲ +10.2%
2024 22.00x Nkr229.64 Million Nkr10.44 Million ▲ +2498.7%
2023 0.85x Nkr95.77 Million Nkr113.11 Million ▼ -55.9%
2021 1.92x Nkr126.47 Million Nkr65.81 Million ▲ +1571.7%
2020 0.11x Nkr134.50 Million Nkr1.17 Billion ▲ +138.7%
2017 -0.30x Nkr-227.13 Million Nkr764.90 Million ▼ -103.1%
2014 9.51x Nkr376.72 Million Nkr39.62 Million ▲ +187.2%
2013 3.31x Nkr309.39 Million Nkr93.45 Million ▼ -70.0%
2012 11.03x Nkr196.09 Million Nkr17.77 Million ▲ +86.8%
2010 5.91x Nkr76.79 Million Nkr13.00 Million ▲ +1396.8%
2009 0.39x Nkr212.07 Million Nkr537.27 Million ▼ -43.1%
2008 0.69x Nkr212.96 Million Nkr306.83 Million ▼ -47.4%
2007 1.32x Nkr448.85 Million Nkr340.00 Million ▲ +44.6%
2006 0.91x Nkr317.45 Million Nkr347.78 Million ▼ -18.9%
2005 1.13x Nkr175.15 Million Nkr155.64 Million ▲ +8.4%
2004 1.04x Nkr54.31 Million Nkr52.32 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.