Transportadora de Gas del Norte SA Class C (TGNO4) — Capital Reinvestment Ratio
Transportadora de Gas del Norte SA Class C (TGNO4) has a Capital Reinvestment Ratio of 4.07x as of June 2026, meaning it reinvests 4% of its operating cash flow (AR$8.80 Billion) in capital expenditures (AR$35.76 Billion). Check TGNO4 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Transportadora de Gas del Norte SA Class C Capital Reinvestment Ratio (2016–2025)
This chart tracks Transportadora de Gas del Norte SA Class C's Capital Reinvestment Ratio across 9 annual periods. For the full cash flow conversion analysis, see TGNO4 cash flow conversion.
Annual Capital Reinvestment Ratio for Transportadora de Gas del Norte SA Class C (2016–2025)
Year-by-year Capital Reinvestment Ratio for Transportadora de Gas del Norte SA Class C from 2016 to 2025. See free cash flow generation of Transportadora de Gas del Norte SA Class to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ARS) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.20x | AR$446.57 Billion | AR$91.09 Billion | ▼ -84.3% |
| 2024 | 1.30x | AR$53.58 Billion | AR$69.56 Billion | ▲ +176.6% |
| 2022 | 0.47x | AR$16.50 Billion | AR$7.75 Billion | ▲ +77.5% |
| 2021 | 0.26x | AR$23.92 Billion | AR$6.32 Billion | ▼ -19.4% |
| 2020 | 0.33x | AR$11.89 Billion | AR$3.90 Billion | ▼ -24.0% |
| 2019 | 0.43x | AR$8.75 Billion | AR$3.77 Billion | ▲ +37.1% |
| 2018 | 0.31x | AR$10.96 Billion | AR$3.45 Billion | ▼ -63.6% |
| 2017 | 0.86x | AR$1.45 Billion | AR$1.25 Billion | ▲ +51.8% |
| 2016 | 0.57x | AR$577.16 Million | AR$328.61 Million | — |