Havanna Holding SA (HAVA) — Capital Reinvestment Ratio
Havanna Holding SA (HAVA) has a Capital Reinvestment Ratio of 0.54x as of December 2025, meaning it reinvests 1% of its operating cash flow (AR$5.08 Billion) in capital expenditures (AR$2.74 Billion). Check Havanna Holding SA (HAVA) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Havanna Holding SA Capital Reinvestment Ratio (2015–2025)
This chart tracks Havanna Holding SA's Capital Reinvestment Ratio across 11 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Havanna Holding SA.
Annual Capital Reinvestment Ratio for Havanna Holding SA (2015–2025)
Year-by-year Capital Reinvestment Ratio for Havanna Holding SA from 2015 to 2025. See HAVA FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ARS) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.74x | AR$13.47 Billion | AR$9.95 Billion | ▲ +65.8% |
| 2024 | 0.45x | AR$33.76 Billion | AR$15.04 Billion | ▼ -6.2% |
| 2023 | 0.48x | AR$22.01 Billion | AR$10.46 Billion | ▲ +55.6% |
| 2022 | 0.31x | AR$3.90 Billion | AR$1.19 Billion | ▲ +98.5% |
| 2021 | 0.15x | AR$1.49 Billion | AR$228.65 Million | ▼ -52.8% |
| 2020 | 0.33x | AR$256.39 Million | AR$83.66 Million | ▼ -48.7% |
| 2019 | 0.64x | AR$805.13 Million | AR$511.96 Million | ▲ +6.4% |
| 2018 | 0.60x | AR$286.95 Million | AR$171.41 Million | ▲ +38.8% |
| 2017 | 0.43x | AR$255.07 Million | AR$109.81 Million | ▼ -45.9% |
| 2016 | 0.80x | AR$72.39 Million | AR$57.62 Million | ▼ -4.6% |
| 2015 | 0.83x | AR$84.96 Million | AR$70.87 Million | — |