Copenhagen Airports AS (KBHL) — Capital Reinvestment Ratio
Latest as of December 2025:
1.15x
Copenhagen Airports AS (KBHL) has a Capital Reinvestment Ratio of 1.15x as of December 2025, meaning it reinvests 1% of its operating cash flow (Dkr669.00 Million) in capital expenditures (Dkr768.00 Million). See Copenhagen Airports AS (KBHL) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.15x
Capex / Operating Cash Flow
Operating Cash Flow
Dkr669.00 Million
DKK
Capital Expenditures
Dkr768.00 Million
DKK
Data as of
Dec 2025
Most recent filing
Copenhagen Airports AS Capital Reinvestment Ratio (2000–2025)
This chart tracks Copenhagen Airports AS's Capital Reinvestment Ratio across 25 annual periods.
Annual Capital Reinvestment Ratio for Copenhagen Airports AS (2000–2025)
Year-by-year Capital Reinvestment Ratio for Copenhagen Airports AS from 2000 to 2025. For live market cap and broader valuation context, see Copenhagen Airports AS (KBHL) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (DKK) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.78x | Dkr2.31 Billion | Dkr1.81 Billion | ▲ +15.1% |
| 2024 | 0.68x | Dkr1.92 Billion | Dkr1.30 Billion | ▼ -31.0% |
| 2023 | 0.98x | Dkr1.36 Billion | Dkr1.34 Billion | ▼ -80.2% |
| 2022 | 4.96x | Dkr191.00 Million | Dkr948.00 Million | ▼ -40.1% |
| 2020 | 8.29x | Dkr183.10 Million | Dkr1.52 Billion | ▲ +586.3% |
| 2019 | 1.21x | Dkr1.77 Billion | Dkr2.14 Billion | ▲ +35.7% |
| 2018 | 0.89x | Dkr1.98 Billion | Dkr1.76 Billion | ▲ +22.3% |
| 2017 | 0.73x | Dkr2.03 Billion | Dkr1.48 Billion | ▲ +38.4% |
| 2016 | 0.53x | Dkr1.97 Billion | Dkr1.03 Billion | ▼ -15.4% |
| 2015 | 0.62x | Dkr1.85 Billion | Dkr1.15 Billion | ▲ +21.3% |
| 2014 | 0.51x | Dkr1.81 Billion | Dkr924.10 Million | ▼ -22.3% |
| 2013 | 0.66x | Dkr1.38 Billion | Dkr911.40 Million | ▲ +3.0% |
| 2012 | 0.64x | Dkr1.67 Billion | Dkr1.07 Billion | ▼ -57.7% |
| 2011 | 1.51x | Dkr511.90 Million | Dkr773.30 Million | ▼ -4.1% |
| 2010 | 1.57x | Dkr491.90 Million | Dkr774.70 Million | ▲ +24.8% |
| 2009 | 1.26x | Dkr471.10 Million | Dkr594.30 Million | ▼ -40.8% |
| 2008 | 2.13x | Dkr392.80 Million | Dkr836.90 Million | ▼ -8.5% |
| 2007 | 2.33x | Dkr354.50 Million | Dkr825.70 Million | ▲ +9.7% |
| 2006 | 2.12x | Dkr326.20 Million | Dkr692.40 Million | ▲ +34.6% |
| 2005 | 1.58x | Dkr357.80 Million | Dkr564.10 Million | ▲ +59.0% |
| 2004 | 0.99x | Dkr476.20 Million | Dkr472.10 Million | ▲ +102.8% |
| 2003 | 0.49x | Dkr468.71 Million | Dkr229.10 Million | ▲ +5.6% |
| 2002 | 0.46x | Dkr472.89 Million | Dkr218.79 Million | ▼ -20.8% |
| 2001 | 0.58x | Dkr862.93 Million | Dkr504.26 Million | ▲ +15.5% |
| 2000 | 0.51x | Dkr944.58 Million | Dkr477.78 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow