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). See Air New Zealand Ltd (AIZ) balance sheet quality index to measure how much of total assets are equity-financed.
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. Check total reinvestment intensity of Air New Zealand Ltd to assess the company's total reinvestment commitment from operating cash flow.
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. For live market cap and broader valuation context, see AIZ market cap overview.
| 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 | — |