Copenhagen Airports AS (KBHL) — Capital Reinvestment Ratio
Copenhagen Airports AS (KBHL) has a Capital Reinvestment Ratio of 2.20x as of March 2026, meaning it reinvests 2% of its operating cash flow (Dkr188.00 Million) in capital expenditures (Dkr413.00 Million). Check KBHL 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
Copenhagen Airports AS Capital Reinvestment Ratio (2000–2025)
This chart tracks Copenhagen Airports AS's Capital Reinvestment Ratio across 25 annual periods. For the full cash flow conversion analysis, see Copenhagen Airports AS (KBHL) cash conversion ratio.
Annual Capital Reinvestment Ratio for Copenhagen Airports AS (2000–2025)
Year-by-year Capital Reinvestment Ratio for Copenhagen Airports AS from 2000 to 2025. See Copenhagen Airports AS 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 | 0.78x | 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 | — |