Norwegian Air Shuttle ASA (NAS) — Working Capital to Net Assets Ratio
Norwegian Air Shuttle ASA (NAS) has a Working Capital to Net Assets ratio of 25.8% as of June 2025. Working capital of Nkr1.52 Billion (current assets of Nkr19.51 Billion minus current liabilities of Nkr17.98 Billion) is measured against net assets of Nkr5.91 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Norwegian Air Shuttle ASA financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Norwegian Air Shuttle ASA Working Capital to Net Assets (2002–2024)
This chart shows how Norwegian Air Shuttle ASA's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of June 2025, the ratio stands at 25.8%, reflecting working capital of Nkr1.52 Billion against net assets of Nkr5.91 Billion NOK. See Norwegian Air Shuttle ASA defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Norwegian Air Shuttle ASA (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Norwegian Air Shuttle ASA from 2002 to 2024, covering 23 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is Norwegian Air Shuttle ASA worth.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 29.4% | Nkr2.13 Billion | Nkr7.24 Billion | Nkr15.25 Billion | Nkr13.13 Billion | ▼ -41.3 pp |
| 2023 | 70.7% | Nkr4.08 Billion | Nkr5.77 Billion | Nkr13.04 Billion | Nkr8.96 Billion | ▲ +13.1 pp |
| 2022 | 57.6% | Nkr2.42 Billion | Nkr4.20 Billion | Nkr10.04 Billion | Nkr7.62 Billion | ▼ -58.5 pp |
| 2021 | 116.1% | Nkr3.80 Billion | Nkr3.27 Billion | Nkr9.86 Billion | Nkr6.07 Billion | ▼ -122.6 pp |
| 2020 | 238.7% | Nkr-15.81 Billion | Nkr-6.62 Billion | Nkr37.69 Billion | Nkr53.50 Billion | ▲ +467.0 pp |
| 2019 | -228.3% | Nkr-9.42 Billion | Nkr4.12 Billion | Nkr14.61 Billion | Nkr24.03 Billion | ▲ +701.1 pp |
| 2018 | -929.4% | Nkr-15.84 Billion | Nkr1.70 Billion | Nkr11.78 Billion | Nkr27.62 Billion | ▼ -586.2 pp |
| 2017 | -343.3% | Nkr-7.20 Billion | Nkr2.10 Billion | Nkr9.19 Billion | Nkr16.40 Billion | ▼ -155.1 pp |
| 2016 | -188.1% | Nkr-7.62 Billion | Nkr4.05 Billion | Nkr5.79 Billion | Nkr13.41 Billion | ▲ +1.5 pp |
| 2015 | -189.7% | Nkr-5.62 Billion | Nkr2.97 Billion | Nkr5.11 Billion | Nkr10.73 Billion | ▲ +55.6 pp |
| 2014 | -245.2% | Nkr-5.17 Billion | Nkr2.11 Billion | Nkr4.27 Billion | Nkr9.44 Billion | ▼ -195.3 pp |
| 2013 | -49.9% | Nkr-1.37 Billion | Nkr2.75 Billion | Nkr3.91 Billion | Nkr5.28 Billion | ▲ +30.2 pp |
| 2012 | -80.1% | Nkr-1.94 Billion | Nkr2.42 Billion | Nkr2.91 Billion | Nkr4.84 Billion | ▼ -3.5 pp |
| 2011 | -76.6% | Nkr-1.49 Billion | Nkr1.95 Billion | Nkr2.50 Billion | Nkr3.99 Billion | ▼ -52.9 pp |
| 2010 | -23.6% | Nkr-424.48 Million | Nkr1.80 Billion | Nkr2.13 Billion | Nkr2.55 Billion | ▼ -22.1 pp |
| 2009 | -1.5% | Nkr-24.07 Million | Nkr1.60 Billion | Nkr2.30 Billion | Nkr2.33 Billion | ▲ +7.5 pp |
| 2008 | -9.0% | Nkr-80.55 Million | Nkr897.37 Million | Nkr1.57 Billion | Nkr1.66 Billion | ▼ -18.0 pp |
| 2007 | 9.0% | Nkr45.73 Million | Nkr508.27 Million | Nkr1.26 Billion | Nkr1.22 Billion | ▲ +6.6 pp |
| 2006 | 2.4% | Nkr6.15 Million | Nkr260.73 Million | Nkr694.84 Million | Nkr688.69 Million | ▼ -20.2 pp |
| 2005 | 22.6% | Nkr31.99 Million | Nkr141.59 Million | Nkr500.96 Million | Nkr468.97 Million | ▲ +20.3 pp |
| 2004 | 2.3% | Nkr3.61 Million | Nkr158.27 Million | Nkr288.67 Million | Nkr285.06 Million | ▼ -73.8 pp |
| 2003 | 76.0% | Nkr200.38 Million | Nkr263.53 Million | Nkr397.91 Million | Nkr197.53 Million | ▲ +62.3 pp |
| 2002 | 13.7% | Nkr9.78 Million | Nkr71.16 Million | Nkr117.22 Million | Nkr107.44 Million | — |