Equinor ASA Capital Reinvestment Ratio
Equinor ASA capital reinvestment ratio. Equinor ASA (DNQA) has a Capital Reinvestment Ratio of 0.30x as of June 2026, meaning it reinvests 0% of its operating cash flow (€9.47 Billion) in capital expenditures (€2.87 Billion). See DNQA FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Equinor ASA (2016–2025)
Capital reinvestment ratio of Equinor ASA from 2016 to 2025. This chart tracks Equinor ASA's Capital Reinvestment Ratio across 10 annual periods. See DNQA FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Equinor ASA Capital Reinvestment Ratio by Year (2016–2025)
Equinor ASA capital reinvestment ratio by year from 2016 to 2025. For the full cash flow conversion analysis, see Equinor ASA cash conversion from operations.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.70x | €19.97 Billion | €13.99 Billion | ▲ +12.0% |
| 2024 | 0.63x | €19.46 Billion | €12.18 Billion | ▲ +67.9% |
| 2023 | 0.37x | €26.23 Billion | €9.77 Billion | ▲ +49.5% |
| 2022 | 0.25x | €35.14 Billion | €8.76 Billion | ▼ -10.7% |
| 2021 | 0.28x | €28.82 Billion | €8.04 Billion | ▼ -65.8% |
| 2020 | 0.82x | €10.39 Billion | €8.48 Billion | ▲ +10.0% |
| 2019 | 0.74x | €13.75 Billion | €10.20 Billion | ▲ +28.6% |
| 2018 | 0.58x | €19.69 Billion | €11.37 Billion | ▼ -20.6% |
| 2017 | 0.73x | €14.80 Billion | €10.76 Billion | ▼ -47.4% |
| 2016 | 1.38x | €8.82 Billion | €12.19 Billion | — |