Air New Zealand Ltd (AIZ) — Capital Reinvestment Ratio
Air New Zealand Ltd (AIZ) has a Capital Reinvestment Ratio of 3.25x as of December 2025, meaning it reinvests 3% of its operating cash flow (AU$213.04 Million) in capital expenditures (AU$693.12 Million). Check AIZ intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air New Zealand Ltd Capital Reinvestment Ratio (2001–2025)
This chart tracks Air New Zealand Ltd's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Air New Zealand Ltd.
Annual Capital Reinvestment Ratio for Air New Zealand Ltd (2001–2025)
Year-by-year Capital Reinvestment Ratio for Air New Zealand Ltd from 2001 to 2025. See cash generation quality of Air New Zealand Ltd to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.83x | AU$940.00 Million | AU$780.00 Million | ▼ -15.0% |
| 2024 | 0.98x | AU$810.00 Million | AU$791.00 Million | ▲ +200.6% |
| 2023 | 0.32x | AU$1.85 Billion | AU$602.00 Million | ▼ -48.9% |
| 2022 | 0.64x | AU$574.00 Million | AU$365.00 Million | ▼ -10.5% |
| 2021 | 0.71x | AU$318.00 Million | AU$226.00 Million | ▼ -73.4% |
| 2020 | 2.67x | AU$230.00 Million | AU$615.00 Million | ▲ +221.1% |
| 2019 | 0.83x | AU$986.00 Million | AU$821.00 Million | ▲ +6.1% |
| 2018 | 0.78x | AU$1.03 Billion | AU$809.00 Million | ▼ -16.8% |
| 2017 | 0.94x | AU$904.00 Million | AU$853.00 Million | ▲ +1.5% |
| 2016 | 0.93x | AU$1.07 Billion | AU$998.00 Million | ▼ -8.6% |
| 2015 | 1.02x | AU$1.10 Billion | AU$1.12 Billion | ▲ +15.2% |
| 2014 | 0.88x | AU$730.00 Million | AU$644.00 Million | ▲ +73.2% |
| 2013 | 0.51x | AU$750.00 Million | AU$382.00 Million | ▼ -61.4% |
| 2012 | 1.32x | AU$472.00 Million | AU$623.00 Million | ▼ -22.8% |
| 2011 | 1.71x | AU$466.00 Million | AU$797.00 Million | ▲ +31.9% |
| 2010 | 1.30x | AU$334.00 Million | AU$433.00 Million | ▲ +98.1% |
| 2009 | 0.65x | AU$486.00 Million | AU$318.00 Million | ▲ +71.2% |
| 2008 | 0.38x | AU$743.00 Million | AU$284.00 Million | ▼ -77.2% |
| 2007 | 1.68x | AU$331.00 Million | AU$556.00 Million | ▲ +4.0% |
| 2006 | 1.62x | AU$473.00 Million | AU$764.00 Million | ▲ +44.6% |
| 2005 | 1.12x | AU$437.00 Million | AU$488.00 Million | ▲ +196.7% |
| 2004 | 0.38x | AU$466.86 Million | AU$175.70 Million | ▼ -81.0% |
| 2002 | 1.99x | AU$56.25 Million | AU$111.70 Million | ▼ -40.2% |
| 2001 | 3.32x | AU$146.31 Million | AU$485.76 Million | — |