Heineken Capital Reinvestment Ratio
Heineken 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). See free cash flow generation of Heineken to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Heineken (1999–2025)
Capital reinvestment ratio of Heineken from 1999 to 2025. This chart tracks Heineken's Capital Reinvestment Ratio across 27 annual periods. See financial flexibility index of Heineken to measure the company's free cash flow as a share of total liabilities.
Heineken Capital Reinvestment Ratio by Year (1999–2025)
Heineken capital reinvestment ratio by year from 1999 to 2025. For the full cash flow conversion analysis, see cash flow conversion of Heineken.
| 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 | — |