Qantas Airways Ltd (QAN) — Capital Reinvestment Ratio
Qantas Airways Ltd (QAN) has a Capital Reinvestment Ratio of 1.09x as of December 2025, meaning it reinvests 1% of its operating cash flow (AU$1.69 Billion) in capital expenditures (AU$1.84 Billion). See Qantas Airways Ltd net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Qantas Airways Ltd Capital Reinvestment Ratio (1994–2025)
This chart tracks Qantas Airways Ltd's Capital Reinvestment Ratio across 30 annual periods. Check Qantas Airways Ltd (QAN) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Qantas Airways Ltd (1994–2025)
Year-by-year Capital Reinvestment Ratio for Qantas Airways Ltd from 1994 to 2025. For live market cap and broader valuation context, see Qantas Airways Ltd (QAN) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.92x | AU$4.25 Billion | AU$3.92 Billion | ▲ +15.6% |
| 2024 | 0.80x | AU$3.35 Billion | AU$2.67 Billion | ▲ +57.2% |
| 2023 | 0.51x | AU$5.05 Billion | AU$2.56 Billion | ▲ +49.5% |
| 2022 | 0.34x | AU$2.67 Billion | AU$906.00 Million | ▼ -76.3% |
| 2020 | 1.43x | AU$1.08 Billion | AU$1.55 Billion | ▲ +127.9% |
| 2019 | 0.63x | AU$3.16 Billion | AU$1.99 Billion | ▲ +7.0% |
| 2018 | 0.59x | AU$3.41 Billion | AU$2.00 Billion | ▲ +12.3% |
| 2017 | 0.52x | AU$2.70 Billion | AU$1.41 Billion | ▼ -10.3% |
| 2016 | 0.58x | AU$2.82 Billion | AU$1.64 Billion | ▼ -13.3% |
| 2015 | 0.67x | AU$2.05 Billion | AU$1.38 Billion | ▼ -39.9% |
| 2014 | 1.12x | AU$1.07 Billion | AU$1.20 Billion | ▲ +21.1% |
| 2013 | 0.92x | AU$1.42 Billion | AU$1.31 Billion | ▼ -24.8% |
| 2012 | 1.23x | AU$1.81 Billion | AU$2.22 Billion | ▼ -13.7% |
| 2011 | 1.42x | AU$1.69 Billion | AU$2.41 Billion | ▲ +10.1% |
| 2010 | 1.29x | AU$1.31 Billion | AU$1.69 Billion | ▼ -4.7% |
| 2009 | 1.36x | AU$1.13 Billion | AU$1.53 Billion | ▲ +102.6% |
| 2008 | 0.67x | AU$2.13 Billion | AU$1.42 Billion | ▲ +27.4% |
| 2007 | 0.53x | AU$2.35 Billion | AU$1.24 Billion | ▼ -30.3% |
| 2006 | 0.75x | AU$2.03 Billion | AU$1.53 Billion | ▼ -12.7% |
| 2005 | 0.86x | AU$1.95 Billion | AU$1.68 Billion | ▼ -13.3% |
| 2004 | 1.00x | AU$2.00 Billion | AU$1.99 Billion | ▼ -56.3% |
| 2003 | 2.28x | AU$1.29 Billion | AU$2.94 Billion | ▲ +11.3% |
| 2002 | 2.05x | AU$1.14 Billion | AU$2.34 Billion | ▲ +136.7% |
| 2001 | 0.86x | AU$1.10 Billion | AU$951.10 Million | ▲ +20.0% |
| 2000 | 0.72x | AU$1.60 Billion | AU$1.15 Billion | ▼ -30.1% |
| 1999 | 1.03x | AU$1.21 Billion | AU$1.24 Billion | ▲ +82.8% |
| 1998 | 0.56x | AU$1.22 Billion | AU$686.60 Million | ▲ +0.2% |
| 1997 | 0.56x | AU$1.11 Billion | AU$624.80 Million | ▲ +2.8% |
| 1995 | 0.55x | AU$853.80 Million | AU$467.20 Million | ▲ +55.8% |
| 1994 | 0.35x | AU$729.00 Million | AU$256.00 Million | — |