Bavarian Nordic (BAVA) — Capital Reinvestment Ratio
Bavarian Nordic (BAVA) has a Capital Reinvestment Ratio of 0.18x as of December 2025, meaning it reinvests 0% of its operating cash flow (Dkr545.05 Million) in capital expenditures (Dkr99.12 Million). See Bavarian Nordic balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Bavarian Nordic Capital Reinvestment Ratio (2003–2025)
This chart tracks Bavarian Nordic's Capital Reinvestment Ratio across 14 annual periods. Check Bavarian Nordic cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Bavarian Nordic (2003–2025)
Year-by-year Capital Reinvestment Ratio for Bavarian Nordic from 2003 to 2025. For live market cap and broader valuation context, see BAVA company net worth.
| Year | Reinvestment Ratio | Operating CF (DKK) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.08x | Dkr2.72 Billion | Dkr205.29 Million | ▼ -91.3% |
| 2024 | 0.87x | Dkr1.95 Billion | Dkr1.69 Billion | ▼ -0.9% |
| 2023 | 0.87x | Dkr1.12 Billion | Dkr977.40 Million | ▼ -86.1% |
| 2022 | 6.28x | Dkr220.05 Million | Dkr1.38 Billion | ▲ +408.1% |
| 2020 | 1.24x | Dkr571.91 Million | Dkr706.71 Million | ▲ +239.3% |
| 2017 | 0.36x | Dkr216.06 Million | Dkr78.70 Million | ▲ +6.5% |
| 2016 | 0.34x | Dkr267.60 Million | Dkr91.52 Million | ▼ -39.9% |
| 2015 | 0.57x | Dkr105.32 Million | Dkr59.92 Million | ▲ +81.8% |
| 2014 | 0.31x | Dkr338.75 Million | Dkr105.99 Million | ▼ -70.4% |
| 2013 | 1.06x | Dkr147.08 Million | Dkr155.44 Million | ▼ -53.0% |
| 2012 | 2.25x | Dkr20.10 Million | Dkr45.21 Million | ▼ -37.1% |
| 2008 | 3.58x | Dkr22.41 Million | Dkr80.14 Million | ▲ +2521.2% |
| 2007 | 0.14x | Dkr163.16 Million | Dkr22.26 Million | ▼ -12.8% |
| 2003 | 0.16x | Dkr209.27K | Dkr32.74K | — |