Norwegian Air Shuttle ASA (NAS) — Financial Flexibility Index
Norwegian Air Shuttle ASA (NAS) has a Financial Flexibility Index of 0.25x as of June 2025. Free cash flow of Nkr9.66 Billion (operating CF Nkr6.45 Billion minus capex Nkr3.22 Billion) represents 0% of total liabilities (Nkr38.28 Billion). Check Norwegian Air Shuttle ASA total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Norwegian Air Shuttle ASA Financial Flexibility Index (2002–2024)
Historical Financial Flexibility Index trend for Norwegian Air Shuttle ASA across 23 annual periods. For the full cash flow conversion analysis, see Norwegian Air Shuttle ASA operating cash flow efficiency.
Annual Financial Flexibility Index for Norwegian Air Shuttle ASA (2002–2024)
Year-by-year free cash flow to debt coverage for Norwegian Air Shuttle ASA. Explore Norwegian Air Shuttle ASA (NAS) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (NOK) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.27x | Nkr8.25 Billion | Nkr6.95 Billion | Nkr30.36 Billion | ▲ +15.3% |
| 2023 | 0.24x | Nkr5.84 Billion | Nkr5.26 Billion | Nkr24.78 Billion | ▲ +32.0% |
| 2022 | 0.18x | Nkr3.30 Billion | Nkr2.43 Billion | Nkr18.47 Billion | ▲ +1706.2% |
| 2021 | 0.01x | Nkr153.90 Million | Nkr139.10 Million | Nkr15.56 Billion | ▲ +140.9% |
| 2020 | -0.02x | Nkr-1.36 Billion | Nkr-1.39 Billion | Nkr56.18 Billion | ▼ -149.3% |
| 2019 | 0.05x | Nkr3.98 Billion | Nkr3.04 Billion | Nkr81.22 Billion | ▼ -78.2% |
| 2018 | 0.23x | Nkr12.22 Billion | Nkr462.70 Million | Nkr54.28 Billion | ▼ -17.6% |
| 2017 | 0.27x | Nkr11.32 Billion | Nkr2.90 Billion | Nkr41.42 Billion | ▼ -16.8% |
| 2016 | 0.33x | Nkr11.08 Billion | Nkr3.05 Billion | Nkr33.71 Billion | ▲ +24.5% |
| 2015 | 0.26x | Nkr7.56 Billion | Nkr2.36 Billion | Nkr28.67 Billion | ▲ +2.5% |
| 2014 | 0.26x | Nkr5.30 Billion | Nkr287.10 Million | Nkr20.60 Billion | ▼ -30.1% |
| 2013 | 0.37x | Nkr4.42 Billion | Nkr2.38 Billion | Nkr12.01 Billion | ▼ -26.9% |
| 2012 | 0.50x | Nkr4.79 Billion | Nkr2.02 Billion | Nkr9.50 Billion | ▲ +24.2% |
| 2011 | 0.41x | Nkr2.86 Billion | Nkr673.97 Million | Nkr7.06 Billion | ▼ -26.0% |
| 2010 | 0.55x | Nkr2.64 Billion | Nkr804.63 Million | Nkr4.82 Billion | ▼ -14.2% |
| 2009 | 0.64x | Nkr2.18 Billion | Nkr913.82 Million | Nkr3.42 Billion | ▲ +272.8% |
| 2008 | 0.17x | Nkr390.73 Million | Nkr-385.55 Million | Nkr2.28 Billion | ▼ -40.5% |
| 2007 | 0.29x | Nkr524.81 Million | Nkr457.93 Million | Nkr1.82 Billion | ▼ -28.0% |
| 2006 | 0.40x | Nkr320.52 Million | Nkr75.56 Million | Nkr801.22 Million | ▲ +59.7% |
| 2005 | 0.25x | Nkr133.81 Million | Nkr95.36 Million | Nkr534.24 Million | ▲ +237.7% |
| 2004 | -0.18x | Nkr-54.13 Million | Nkr-90.85 Million | Nkr297.63 Million | ▼ -152.2% |
| 2003 | 0.35x | Nkr90.93 Million | Nkr61.50 Million | Nkr260.95 Million | ▲ +189.7% |
| 2002 | 0.12x | Nkr17.95 Million | Nkr-4.54 Million | Nkr149.22 Million | — |