Norwegian Air Shuttle ASA (OSL:NAS) Days Payable: 9.90 (As of Mar. 2026) — 36% Below Median


OSL:NAS Norwegian Air Shuttle ASA OSL:NAS
69 GF Score
Price kr15.66
GF Value kr16.07
Valuation Fairly Valued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA Days Payable?

Norwegian Air Shuttle ASA OSL:NAS -2.97% 69 Days Payable is 9.90 as of Mar. 2026, which is 36% below its 10-year median of 15.59. GuruFocus rates OSL:NAS with a GF Score™ of 69/100 and a GF Value™ of kr16.07 (Fairly Valued). The stock has 4 warning signs investors should review. Among 964 Transportation companies, Norwegian Air Shuttle ASA ranks worse than 95.23% on this metric.

Norwegian Air Shuttle ASA's average Accounts Payable for the three months ended in Mar. 2026 was kr705 Mil. Norwegian Air Shuttle ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was kr6,496 Mil. Hence, Norwegian Air Shuttle ASA's Days Payable for the three months ended in Mar. 2026 was 9.90.

The historical rank and industry rank for Norwegian Air Shuttle ASA's Days Payable or its related term are showing as below:

OSL:NAS' s Days Payable Range Over the Past 10 Years
Min: 8.28   Med: 15.59   Max: 115.31
Current: 8.28

During the past 13 years, Norwegian Air Shuttle ASA's highest Days Payable was 115.31. The lowest was 8.28. And the median was 15.59.

OSL:NAS's Days Payable is ranked worse than
95.23% of 964 companies
in the Transportation industry
Industry Median: 38.985 vs OSL:NAS: 8.28

Norwegian Air Shuttle ASA's Days Payable increased from Mar. 2025 (9.59) to Mar. 2026 (9.90). It may suggest that Norwegian Air Shuttle ASA delayed paying its suppliers.


Norwegian Air Shuttle ASA Days Payable Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norwegian Air Shuttle ASA Days Payable Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.31 9.15 13.04 10.31 8.74

Norwegian Air Shuttle ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.59 0.00 0.00 8.63 9.90

OSL:NAS vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, Norwegian Air Shuttle ASA's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norwegian Air Shuttle ASA Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Days Payable falls into.


OSL:NAS
69GF Score
Norwegian Air Shuttle ASA OSL:NAS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Air Shuttle ASA Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Norwegian Air Shuttle ASA's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (683 + 705) / 2 ) / 28969*365
=694 / 28969*365
=8.74

Norwegian Air Shuttle ASA's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (705 + 0) / 1 ) / 6496*365 / 4
=705 / 6496*365 / 4
=9.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 9.90 mean?
Norwegian Air Shuttle ASA (OSL:NAS) has a Days Payable of 9.90 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Norwegian Air Shuttle ASA and its competitors. This is 36% below median its historical median of 15.59. Over the past decade, Norwegian Air Shuttle ASA's Days Payable has ranged from 8.28 to 115.31. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #918 out of 964 companies in the Transportation industry, placing it in the top 95.2%.
Is Norwegian Air Shuttle ASA's Days Payable too high?
Norwegian Air Shuttle ASA's current Days Payable of 9.90 is 36% below median its 10-year median of 15.59. Over the past 10 years, this metric has ranged from a low of 8.28 to a high of 115.31. The Transportation industry median Days Payable is 38.99. Norwegian Air Shuttle ASA's value of 9.90 is 74.6% below this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #918 out of 964 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #918 out of 964 companies for Days Payable. This places Norwegian Air Shuttle ASA in the lower half of its industry. The industry median Days Payable is 38.99. Norwegian Air Shuttle ASA's value of 9.90 is 74.6% below this benchmark. Historically, Norwegian Air Shuttle ASA's own Days Payable has ranged from 8.28 to 115.31 over the past decade. While the company's 10-year median is 15.59 vs. the industry median of 38.99, Norwegian Air Shuttle ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 38.99, based on 964 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Air Shuttle ASA's current Days Payable of 9.90 is 74.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Norwegian Air Shuttle ASA and its competitors. For the Transportation industry, the median Days Payable is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Air Shuttle ASA's current Days Payable is 9.90, which is 36% below median its own 10-year median of 15.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Fairly Valued. The stock's GF Value™ is kr16.07, compared to a current price of kr15.66 — trading 2.6% below its estimated fair value. The current Days Payable is 9.90, which is 36% below median its 10-year median of 15.59 and 74.6% below the Transportation industry median of 38.99. Norwegian Air Shuttle ASA's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current Days Payable is 9.90 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norwegian Air Shuttle ASA (OSL:NAS) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued. The current stock price of kr15.66 is trading 2.6% below its estimated GF Value™ of kr16.07. GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.

Key valuation signals for OSL:NAS:

  • Days Payable: 9.90 (36% below median its 10-year median of 15.59)
  • GF Value™: kr16.07 vs. price of kr15.66 (2.6% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 74.6% below the Transportation median (#918 of 964)

No single metric tells the full story. See the OSL:NAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
69GF Score

Get the complete analysis for OSL:NAS

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr15.66
Price
kr16.07
GF Value