Heineken (HEIA) — Capital Reinvestment Ratio
Heineken (HEIA) has a Capital Reinvestment Ratio of 0.40x as of June 2026, meaning it reinvests 0% of its operating cash flow (€2.48 Billion) in capital expenditures (€1.00 Billion). Check Heineken (HEIA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see Heineken operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Heineken (1999–2025)
Year-by-year Capital Reinvestment Ratio for Heineken from 1999 to 2025. See HEIA free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.48x | €5.01 Billion | €2.40 Billion | ▲ +20.8% |
| 2024 | 0.40x | €5.50 Billion | €2.18 Billion | ▼ -34.3% |
| 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 | — |