Norwegian Air Shuttle ASA (NAS) — Cash Flow-to-Debt Ratio
Norwegian Air Shuttle ASA (NAS) has a Cash Flow-to-Debt Ratio of 0.17x as of June 2025, meaning its operating cash flow of Nkr6.45 Billion could theoretically repay 0% of its total liabilities (Nkr38.28 Billion) in one year. See Norwegian Air Shuttle ASA free cash flow to debt ratio 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
Norwegian Air Shuttle ASA Cash Flow-to-Debt Ratio (2002–2024)
Historical debt coverage capacity for Norwegian Air Shuttle ASA across 23 annual periods. For the full cash flow conversion analysis, see Norwegian Air Shuttle ASA (NAS) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Norwegian Air Shuttle ASA (2002–2024)
Year-by-year debt coverage analysis for Norwegian Air Shuttle ASA. Check NAS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (NOK) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.23x | Nkr6.95 Billion | Nkr30.36 Billion | ▲ +7.8% |
| 2023 | 0.21x | Nkr5.26 Billion | Nkr24.78 Billion | ▲ +61.5% |
| 2022 | 0.13x | Nkr2.43 Billion | Nkr18.47 Billion | ▲ +1369.0% |
| 2021 | 0.01x | Nkr139.10 Million | Nkr15.56 Billion | ▲ +136.1% |
| 2020 | -0.02x | Nkr-1.39 Billion | Nkr56.18 Billion | ▼ -166.2% |
| 2019 | 0.04x | Nkr3.04 Billion | Nkr81.22 Billion | ▲ +338.8% |
| 2018 | 0.01x | Nkr462.70 Million | Nkr54.28 Billion | ▼ -87.8% |
| 2017 | 0.07x | Nkr2.90 Billion | Nkr41.42 Billion | ▼ -22.5% |
| 2016 | 0.09x | Nkr3.05 Billion | Nkr33.71 Billion | ▲ +9.9% |
| 2015 | 0.08x | Nkr2.36 Billion | Nkr28.67 Billion | ▲ +489.8% |
| 2014 | 0.01x | Nkr287.10 Million | Nkr20.60 Billion | ▼ -93.0% |
| 2013 | 0.20x | Nkr2.38 Billion | Nkr12.01 Billion | ▼ -7.0% |
| 2012 | 0.21x | Nkr2.02 Billion | Nkr9.50 Billion | ▲ +122.9% |
| 2011 | 0.10x | Nkr673.97 Million | Nkr7.06 Billion | ▼ -42.7% |
| 2010 | 0.17x | Nkr804.63 Million | Nkr4.82 Billion | ▼ -37.6% |
| 2009 | 0.27x | Nkr913.82 Million | Nkr3.42 Billion | ▲ +258.1% |
| 2008 | -0.17x | Nkr-385.55 Million | Nkr2.28 Billion | ▼ -167.3% |
| 2007 | 0.25x | Nkr457.93 Million | Nkr1.82 Billion | ▲ +166.4% |
| 2006 | 0.09x | Nkr75.56 Million | Nkr801.22 Million | ▼ -47.2% |
| 2005 | 0.18x | Nkr95.36 Million | Nkr534.24 Million | ▲ +158.5% |
| 2004 | -0.31x | Nkr-90.85 Million | Nkr297.63 Million | ▼ -229.5% |
| 2003 | 0.24x | Nkr61.50 Million | Nkr260.95 Million | ▲ +873.9% |
| 2002 | -0.03x | Nkr-4.54 Million | Nkr149.22 Million | — |