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 NAS capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
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. See how liquid is Norwegian Air Shuttle ASA's working capital to evaluate short-term liquidity relative to the company's equity base.
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. For the full company profile including market capitalisation, see Norwegian Air Shuttle ASA stock valuation.
| 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 | — |