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). Check BAVA tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see Bavarian Nordic cash flow conversion.
Annual Capital Reinvestment Ratio for Bavarian Nordic (2003–2025)
Year-by-year Capital Reinvestment Ratio for Bavarian Nordic from 2003 to 2025. See Bavarian Nordic free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |