Havila Shipping ASA (HAVI) — Cash Flow-to-Debt Ratio
Havila Shipping ASA (HAVI) has a Cash Flow-to-Debt Ratio of -0.01x as of March 2026, meaning its operating cash flow of Nkr-12.85 Million could theoretically repay 0% of its total liabilities (Nkr1.18 Billion) in one year. See HAVI financial flexibility score to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Havila Shipping ASA Cash Flow-to-Debt Ratio (2004–2025)
Historical debt coverage capacity for Havila Shipping ASA across 22 annual periods. For the full cash flow conversion analysis, see HAVI cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Havila Shipping ASA (2004–2025)
Year-by-year debt coverage analysis for Havila Shipping ASA. Check Havila Shipping ASA (HAVI) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (NOK) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.21x | Nkr248.83 Million | Nkr1.16 Billion | ▲ +9.9% |
| 2024 | 0.19x | Nkr229.64 Million | Nkr1.18 Billion | ▲ +188.6% |
| 2023 | 0.07x | Nkr95.77 Million | Nkr1.42 Billion | ▼ -34.8% |
| 2022 | 0.10x | Nkr216.78 Million | Nkr2.10 Billion | ▲ +58.3% |
| 2021 | 0.07x | Nkr126.47 Million | Nkr1.94 Billion | ▲ +5.9% |
| 2020 | 0.06x | Nkr134.50 Million | Nkr2.18 Billion | ▲ +192.5% |
| 2019 | 0.02x | Nkr95.04 Million | Nkr4.51 Billion | ▲ +354.0% |
| 2018 | -0.01x | Nkr-35.24 Million | Nkr4.24 Billion | ▲ +84.0% |
| 2017 | -0.05x | Nkr-227.13 Million | Nkr4.37 Billion | ▼ -178.2% |
| 2016 | 0.07x | Nkr409.84 Million | Nkr6.17 Billion | ▲ +10.7% |
| 2015 | 0.06x | Nkr361.71 Million | Nkr6.03 Billion | ▲ +1.1% |
| 2014 | 0.06x | Nkr376.72 Million | Nkr6.35 Billion | ▲ +21.2% |
| 2013 | 0.05x | Nkr309.39 Million | Nkr6.32 Billion | ▲ +66.6% |
| 2012 | 0.03x | Nkr196.09 Million | Nkr6.68 Billion | ▼ -29.1% |
| 2011 | 0.04x | Nkr254.08 Million | Nkr6.14 Billion | ▲ +169.1% |
| 2010 | 0.02x | Nkr76.79 Million | Nkr4.99 Billion | ▼ -72.4% |
| 2009 | 0.06x | Nkr212.07 Million | Nkr3.80 Billion | ▼ -14.6% |
| 2008 | 0.07x | Nkr212.96 Million | Nkr3.26 Billion | ▼ -62.8% |
| 2007 | 0.18x | Nkr448.85 Million | Nkr2.55 Billion | ▼ -3.3% |
| 2006 | 0.18x | Nkr317.45 Million | Nkr1.75 Billion | ▲ +70.7% |
| 2005 | 0.11x | Nkr175.15 Million | Nkr1.65 Billion | ▲ +8.2% |
| 2004 | 0.10x | Nkr54.31 Million | Nkr552.30 Million | — |