Equinor ASA (DNQA) — 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). Check tangible equity quality of Equinor ASA to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Equinor ASA Capital Reinvestment Ratio (2016–2025)
This chart tracks Equinor ASA's Capital Reinvestment Ratio across 10 annual periods. For the full cash flow conversion analysis, see Equinor ASA operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Equinor ASA (2016–2025)
Year-by-year Capital Reinvestment Ratio for Equinor ASA from 2016 to 2025. See DNQA FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |