Santos Ltd (STO) — Capital Reinvestment Ratio
Santos Ltd (STO) has a Capital Reinvestment Ratio of 0.83x as of December 2025, meaning it reinvests 1% of its operating cash flow (AU$1.12 Billion) in capital expenditures (AU$930.22 Million). See Santos Ltd (STO) 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
Santos Ltd Capital Reinvestment Ratio (1991–2025)
This chart tracks Santos Ltd's Capital Reinvestment Ratio across 35 annual periods. Check Santos Ltd total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Santos Ltd (1991–2025)
Year-by-year Capital Reinvestment Ratio for Santos Ltd from 1991 to 2025. For live market cap and broader valuation context, see how much is Santos Ltd worth.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.76x | AU$2.65 Billion | AU$2.00 Billion | ▼ -10.1% |
| 2024 | 0.84x | AU$2.85 Billion | AU$2.40 Billion | ▲ +15.9% |
| 2023 | 0.73x | AU$3.26 Billion | AU$2.37 Billion | ▲ +64.4% |
| 2022 | 0.44x | AU$3.86 Billion | AU$1.71 Billion | ▼ -8.9% |
| 2021 | 0.49x | AU$2.27 Billion | AU$1.10 Billion | ▲ +285.2% |
| 2020 | 0.13x | AU$1.48 Billion | AU$186.00 Million | ▼ -0.1% |
| 2019 | 0.13x | AU$2.05 Billion | AU$258.00 Million | ▲ +271.0% |
| 2018 | 0.03x | AU$2.24 Billion | AU$76.00 Million | ▼ -94.9% |
| 2017 | 0.67x | AU$1.02 Billion | AU$683.00 Million | ▲ +31.1% |
| 2016 | 0.51x | AU$1.31 Billion | AU$667.00 Million | ▼ -68.7% |
| 2015 | 1.62x | AU$899.59 Million | AU$1.46 Billion | ▼ -9.9% |
| 2014 | 1.80x | AU$1.53 Billion | AU$2.76 Billion | ▼ -38.6% |
| 2013 | 2.93x | AU$1.29 Billion | AU$3.78 Billion | ▲ +61.3% |
| 2012 | 1.82x | AU$1.77 Billion | AU$3.22 Billion | ▲ +7.0% |
| 2011 | 1.70x | AU$1.30 Billion | AU$2.21 Billion | ▲ +23.6% |
| 2010 | 1.38x | AU$1.25 Billion | AU$1.73 Billion | ▼ -1.2% |
| 2009 | 1.39x | AU$1.11 Billion | AU$1.54 Billion | ▲ +82.1% |
| 2008 | 0.76x | AU$1.44 Billion | AU$1.10 Billion | ▼ -30.0% |
| 2007 | 1.09x | AU$1.06 Billion | AU$1.16 Billion | ▲ +33.0% |
| 2006 | 0.82x | AU$1.22 Billion | AU$999.21 Million | ▲ +15.5% |
| 2005 | 0.71x | AU$1.10 Billion | AU$778.79 Million | ▼ -46.7% |
| 2004 | 1.33x | AU$475.77 Million | AU$634.66 Million | ▲ +59.4% |
| 2003 | 0.84x | AU$681.77 Million | AU$570.66 Million | ▼ -3.0% |
| 2002 | 0.86x | AU$450.90 Million | AU$388.89 Million | ▼ -22.9% |
| 2001 | 1.12x | AU$315.98 Million | AU$353.54 Million | ▲ +75.8% |
| 2000 | 0.64x | AU$607.29 Million | AU$386.50 Million | ▼ -21.9% |
| 1999 | 0.81x | AU$339.78 Million | AU$276.86 Million | ▲ +92.3% |
| 1998 | 0.42x | AU$268.69 Million | AU$113.85 Million | ▼ -5.4% |
| 1997 | 0.45x | AU$284.94 Million | AU$127.63 Million | ▼ -46.0% |
| 1996 | 0.83x | AU$341.96 Million | AU$283.41 Million | ▲ +51.5% |
| 1995 | 0.55x | AU$266.78 Million | AU$145.90 Million | ▼ -22.2% |
| 1994 | 0.70x | AU$285.00 Million | AU$200.44 Million | ▲ +6.9% |
| 1993 | 0.66x | AU$286.26 Million | AU$188.29 Million | ▲ +27.6% |
| 1992 | 0.52x | AU$257.86 Million | AU$132.96 Million | ▼ -19.5% |
| 1991 | 0.64x | AU$242.28 Million | AU$155.10 Million | — |