HAL Trust (HAL) — Capital Reinvestment Ratio
HAL Trust (HAL) has a Capital Reinvestment Ratio of 0.35x as of December 2025, meaning it reinvests 0% of its operating cash flow (€1.56 Billion) in capital expenditures (€546.00 Million). Check HAL Trust tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
HAL Trust Capital Reinvestment Ratio (2002–2025)
This chart tracks HAL Trust's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see HAL cash generation efficiency.
Annual Capital Reinvestment Ratio for HAL Trust (2002–2025)
Year-by-year Capital Reinvestment Ratio for HAL Trust from 2002 to 2025. See HAL free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.44x | €2.68 Billion | €1.19 Billion | ▼ -16.8% |
| 2024 | 0.53x | €2.62 Billion | €1.40 Billion | ▲ +11.3% |
| 2023 | 0.48x | €2.41 Billion | €1.16 Billion | ▼ -26.1% |
| 2022 | 0.65x | €1.44 Billion | €933.80 Million | ▲ +17.3% |
| 2021 | 0.55x | €1.49 Billion | €823.30 Million | ▲ +9.4% |
| 2020 | 0.51x | €1.92 Billion | €971.20 Million | ▼ -10.0% |
| 2019 | 0.56x | €1.88 Billion | €1.06 Billion | ▼ -27.6% |
| 2018 | 0.78x | €1.21 Billion | €937.60 Million | ▲ +10.9% |
| 2017 | 0.70x | €1.00 Billion | €702.60 Million | ▲ +14.3% |
| 2016 | 0.61x | €1.25 Billion | €765.60 Million | ▲ +24.2% |
| 2015 | 0.49x | €1.35 Billion | €666.10 Million | ▼ -30.5% |
| 2014 | 0.71x | €1.12 Billion | €794.90 Million | ▲ +13.3% |
| 2013 | 0.63x | €451.40 Million | €283.30 Million | ▲ +21.7% |
| 2012 | 0.52x | €434.00 Million | €223.90 Million | ▼ -19.2% |
| 2011 | 0.64x | €353.20 Million | €225.50 Million | ▼ -14.9% |
| 2010 | 0.75x | €331.30 Million | €248.50 Million | ▲ +79.1% |
| 2009 | 0.42x | €377.50 Million | €158.10 Million | ▼ -32.5% |
| 2008 | 0.62x | €409.20 Million | €253.80 Million | ▲ +27.5% |
| 2007 | 0.49x | €417.20 Million | €202.90 Million | ▲ +6.8% |
| 2006 | 0.46x | €286.32 Million | €130.41 Million | ▼ -7.1% |
| 2005 | 0.49x | €300.10 Million | €147.10 Million | ▲ +34.6% |
| 2004 | 0.36x | €231.86 Million | €84.47 Million | ▲ +17.1% |
| 2003 | 0.31x | €156.68 Million | €48.75 Million | ▲ +12.1% |
| 2002 | 0.28x | €199.37 Million | €55.36 Million | — |