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). Check tangible net worth ratio of Qantas Airways Ltd to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see how efficiently does Qantas Airways Ltd generate cash.
Annual Capital Reinvestment Ratio for Qantas Airways Ltd (1994–2025)
Year-by-year Capital Reinvestment Ratio for Qantas Airways Ltd from 1994 to 2025. See free cash flow generation of Qantas Airways 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 | 0.92x | 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 | — |