Heineken Holding NV (HEIO) — Capital Reinvestment Ratio
Heineken Holding NV (HEIO) 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). Check tangible net worth ratio of Heineken Holding NV to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Heineken Holding NV Capital Reinvestment Ratio (2000–2025)
This chart tracks Heineken Holding NV's Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see Heineken Holding NV operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Heineken Holding NV (2000–2025)
Year-by-year Capital Reinvestment Ratio for Heineken Holding NV from 2000 to 2025. See Heineken Holding NV 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 | 0.48x | €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 | ▲ +3.4% |
| 2018 | 0.47x | €4.39 Billion | €2.06 Billion | ▼ -0.8% |
| 2017 | 0.47x | €3.88 Billion | €1.83 Billion | ▼ -5.9% |
| 2016 | 0.50x | €3.72 Billion | €1.87 Billion | ▲ +1.2% |
| 2015 | 0.50x | €3.49 Billion | €1.73 Billion | ▼ -2.2% |
| 2014 | 0.51x | €3.06 Billion | €1.55 Billion | ▲ +2.2% |
| 2013 | 0.50x | €2.91 Billion | €1.45 Billion | ▲ +7.2% |
| 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 | ▲ +10.9% |
| 2004 | 0.42x | €1.61 Billion | €678.00 Million | ▲ +12.8% |
| 2003 | 0.37x | €1.64 Billion | €611.00 Million | ▼ -36.5% |
| 2002 | 0.59x | €1.18 Billion | €696.00 Million | ▲ +18.3% |
| 2001 | 0.50x | €1.17 Billion | €579.00 Million | ▲ +23.1% |
| 2000 | 0.40x | €1.03 Billion | €418.00 Million | — |