Air New Zealand Ltd Capital Reinvestment Ratio
Air New Zealand Ltd 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). See how much free cash does Air New Zealand Ltd generate 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 Air New Zealand Ltd (2001–2025)
Capital reinvestment ratio of Air New Zealand Ltd from 2001 to 2025. This chart tracks Air New Zealand Ltd's Capital Reinvestment Ratio across 24 annual periods. See financial flexibility index of Air New Zealand Ltd to measure the company's free cash flow as a share of total liabilities.
Air New Zealand Ltd Capital Reinvestment Ratio by Year (2001–2025)
Air New Zealand Ltd capital reinvestment ratio by year from 2001 to 2025. For the full cash flow conversion analysis, see cash flow conversion of Air New Zealand Ltd.
| 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 | — |