Heineken (HEIA) — Capital Reinvestment Ratio
Heineken (HEIA) has a Capital Reinvestment Ratio of 0.25x as of December 2025, meaning it reinvests 0% of its operating cash flow (€3.32 Billion) in capital expenditures (€839.00 Million). See Heineken (HEIA) net asset quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Heineken Capital Reinvestment Ratio (1999–2025)
This chart tracks Heineken's Capital Reinvestment Ratio across 27 annual periods. Check Heineken total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Heineken (1999–2025)
Year-by-year Capital Reinvestment Ratio for Heineken from 1999 to 2025. For live market cap and broader valuation context, see Heineken (HEIA) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.48x | €5.01 Billion | €2.40 Billion | ▲ +7.0% |
| 2024 | 0.45x | €5.50 Billion | €2.46 Billion | ▼ -25.9% |
| 2023 | 0.60x | €4.43 Billion | €2.68 Billion | ▲ +35.1% |
| 2022 | 0.45x | €4.50 Billion | €2.01 Billion | ▲ +17.1% |
| 2021 | 0.38x | €4.18 Billion | €1.60 Billion | ▼ -27.0% |
| 2020 | 0.52x | €3.14 Billion | €1.64 Billion | ▲ +8.0% |
| 2019 | 0.48x | €4.34 Billion | €2.10 Billion | ▲ +12.6% |
| 2018 | 0.43x | €4.39 Billion | €1.89 Billion | ▼ -1.5% |
| 2017 | 0.44x | €3.88 Billion | €1.70 Billion | ▼ -7.5% |
| 2016 | 0.47x | €3.72 Billion | €1.76 Billion | ▲ +0.7% |
| 2015 | 0.47x | €3.49 Billion | €1.64 Billion | ▼ -3.9% |
| 2014 | 0.49x | €3.06 Billion | €1.49 Billion | ▲ +4.0% |
| 2013 | 0.47x | €2.91 Billion | €1.37 Billion | ▲ +1.5% |
| 2012 | 0.46x | €2.69 Billion | €1.25 Billion | ▲ +57.5% |
| 2011 | 0.29x | €2.91 Billion | €856.00 Million | ▲ +11.0% |
| 2010 | 0.26x | €2.66 Billion | €704.00 Million | ▼ -18.9% |
| 2009 | 0.33x | €2.38 Billion | €777.00 Million | ▼ -57.0% |
| 2008 | 0.76x | €1.66 Billion | €1.26 Billion | ▲ +14.7% |
| 2007 | 0.66x | €1.73 Billion | €1.15 Billion | ▲ +39.5% |
| 2006 | 0.47x | €1.85 Billion | €877.00 Million | ▲ +1.6% |
| 2005 | 0.47x | €1.87 Billion | €874.00 Million | ▼ -9.3% |
| 2004 | 0.51x | €1.28 Billion | €657.00 Million | ▲ +32.2% |
| 2003 | 0.39x | €1.64 Billion | €637.00 Million | ▼ -37.0% |
| 2002 | 0.62x | €1.18 Billion | €731.00 Million | ▲ +20.7% |
| 2001 | 0.51x | €1.17 Billion | €596.00 Million | ▲ +26.7% |
| 2000 | 0.40x | €1.03 Billion | €418.00 Million | ▼ -14.3% |
| 1999 | 0.47x | €936.00 Million | €441.00 Million | — |