Norwegian Air Shuttle ASA (NWC) Ratios
Norwegian Air Shuttle ASA Ratios
DE:NWC's free cash flow for Q3 2026 was $-302.00M. For the 2026 fiscal year, DE:NWC's free cash flow was decreased by $-1.04B and operating cash flow was $736.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.03 | 1.16 | 1.46 | 1.32 | 1.63 |
| Quick Ratio | 0.99 | 1.12 | 1.43 | 1.31 | 1.62 |
| Cash Ratio | 0.53 | 0.75 | 0.95 | 1.02 | 1.12 |
| Solvency Ratio | 0.20 | 0.21 | 0.21 | 0.15 | 0.20 |
| Operating Cash Flow Ratio | 0.48 | 0.53 | 0.59 | 0.32 | 0.02 |
| Short-Term Operating Cash Flow Coverage | 3.28 | 3.85 | 43.13 | 12.22 | 0.76 |
| Net Current Asset Value | $ -19.85B | $ -15.11B | $ -11.73B | $ -8.42B | $ -5.69B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.47 | 0.43 | 0.46 | 0.44 | 0.50 |
| Debt-to-Equity Ratio | 2.55 | 2.22 | 2.43 | 2.40 | 2.87 |
| Debt-to-Capital Ratio | 0.72 | 0.69 | 0.71 | 0.71 | 0.74 |
| Long-Term Debt-to-Capital Ratio | 0.02 | 0.29 | 0.39 | 0.49 | 0.55 |
| Financial Leverage Ratio | 5.48 | 5.19 | 5.29 | 5.39 | 5.76 |
| Debt Service Coverage Ratio | 2.46 | 2.56 | 6.30 | 4.13 | 4.42 |
| Interest Coverage Ratio | 2.61 | 1.65 | 2.63 | -0.72 | -4.08 |
| Debt to Market Cap | 0.12 | 0.45 | 0.36 | 0.62 | 0.74 |
| Interest Debt Per Share | 20.45 | 17.86 | 15.69 | 11.55 | 19.24 |
| Net Debt to EBITDA | 1.42 | 0.82 | 0.90 | 0.66 | 0.67 |
| Profitability Margins | |||||
| Gross Profit Margin | 16.29% | 16.08% | 20.14% | 10.07% | -34.46% |
| EBIT Margin | 11.73% | 7.05% | 10.38% | 8.99% | 50.48% |
| EBITDA Margin | 23.31% | 21.33% | 24.17% | 18.80% | 75.54% |
| Operating Profit Margin | 9.10% | 5.30% | 8.74% | -2.48% | -54.97% |
| Pretax Profit Margin | 8.25% | 3.84% | 7.06% | 5.55% | 37.02% |
| Net Profit Margin | 7.41% | 3.84% | 6.80% | 5.33% | 36.91% |
| Continuous Operations Profit Margin | 7.41% | 3.84% | 6.80% | 5.33% | 36.91% |
| Net Income Per EBT | 89.79% | 99.98% | 96.29% | 96.09% | 99.71% |
| EBT Per EBIT | 90.76% | 72.38% | 80.81% | -223.35% | -67.34% |
| Return on Assets (ROA) | 6.44% | 3.60% | 5.69% | 4.44% | 9.94% |
| Return on Equity (ROE) | 35.32% | 18.72% | 30.09% | 23.92% | 57.21% |
| Return on Capital Employed (ROCE) | 11.87% | 7.65% | 10.34% | -3.11% | -21.84% |
| Return on Invested Capital (ROIC) | 9.37% | 6.61% | 9.22% | -2.74% | -20.25% |
| Return on Tangible Assets | 6.53% | 3.66% | 5.73% | 4.47% | 10.03% |
| Earnings Yield | 15.24% | 12.79% | 16.66% | 14.74% | 33.28% |
| Efficiency Ratios | |||||
| Receivables Turnover | 9.40 | 12.18 | 35.91 | 16.05 | 3.29 |
| Payables Turnover | 5.28 | 43.40 | 22.51 | 32.03 | 21.23 |
| Inventory Turnover | 54.04 | 59.09 | 78.57 | 208.73 | 418.06 |
| Fixed Asset Turnover | 1.72 | 1.82 | 1.70 | 1.87 | 0.75 |
| Asset Turnover | 0.87 | 0.94 | 0.84 | 0.83 | 0.27 |
| Working Capital Turnover Ratio | 27.96 | 11.37 | 7.85 | 6.07 | -0.84 |
| Cash Conversion Cycle | -23.55 | 27.73 | -1.40 | 13.10 | 94.63 |
| Days of Sales Outstanding | 38.83 | 29.97 | 10.16 | 22.75 | 110.95 |
| Days of Inventory Outstanding | 6.75 | 6.18 | 4.65 | 1.75 | 0.87 |
| Days of Payables Outstanding | 69.13 | 8.41 | 16.21 | 11.40 | 17.19 |
| Operating Cycle | 45.59 | 36.14 | 14.81 | 24.50 | 111.83 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 6.66 | 7.21 | 5.55 | 2.61 | 0.27 |
| Free Cash Flow Per Share | 1.86 | 5.93 | 4.93 | 1.67 | 0.24 |
| Dividend Paid and CapEx Coverage Ratio | 1.16 | 5.64 | 8.98 | 2.75 | 0.35 |
| Capital Expenditure Coverage Ratio | 1.39 | 5.64 | 8.98 | 2.77 | 9.40 |
| Operating Cash Flow Coverage Ratio | 0.35 | 0.43 | 0.37 | 0.24 | 0.01 |
| Operating Cash Flow to Sales Ratio | 0.19 | 0.20 | 0.21 | 0.13 | 0.03 |
| Free Cash Flow Yield | 10.68% | 53.91% | 44.81% | 22.74% | 2.21% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 6.71 | 7.82 | 6.00 | 6.79 | 3.00 |
| Price-to-Sales (P/S) Ratio | 0.49 | 0.30 | 0.41 | 0.36 | 1.11 |
| Price-to-Book (P/B) Ratio | 2.32 | 1.46 | 1.81 | 1.62 | 1.72 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 9.36 | 1.85 | 2.23 | 4.40 | 45.21 |
| Price-to-Operating Cash Flow Ratio | 2.62 | 1.53 | 1.98 | 2.81 | 40.40 |
| Price-to-Earnings Growth (PEG) Ratio | 0.08 | -0.45 | 0.08 | -0.09 | -0.03 |
| Enterprise Value Multiple | 3.51 | 2.23 | 2.59 | 2.58 | 2.14 |
| Enterprise Value | 29.89B | 16.81B | 15.98B | 9.15B | 8.20B |
| EV to EBITDA | 3.51 | 2.23 | 2.59 | 2.58 | 2.14 |
| EV to Sales | 0.82 | 0.48 | 0.63 | 0.48 | 1.62 |
| EV to Free Cash Flow | 15.75 | 2.94 | 3.42 | 5.90 | 65.99 |
| EV to Operating Cash Flow | 4.41 | 2.42 | 3.04 | 3.77 | 58.97 |
| Tangible Book Value Per Share | 6.97 | 6.91 | 5.81 | 4.32 | 5.91 |
| Shareholders’ Equity Per Share | 7.53 | 7.52 | 6.09 | 4.52 | 6.25 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.10 | 0.00 | 0.04 | 0.04 | 0.00 |
| Revenue Per Share | 35.88 | 36.66 | 26.95 | 20.30 | 9.69 |
| Net Income Per Share | 2.66 | 1.41 | 1.83 | 1.08 | 3.58 |
| Tax Burden | 0.90 | 1.00 | 0.96 | 0.96 | 1.00 |
| Interest Burden | 0.70 | 0.54 | 0.68 | 0.62 | 0.73 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.07 | 0.06 | 0.04 | 0.04 | 0.18 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 2.56 | 5.12 | 2.91 | 2.32 | 0.07 |
Currency in NOK
