Deutsche Lufthansa AG (LHAB) — Capital Reinvestment Ratio
Deutsche Lufthansa AG (LHAB) has a Capital Reinvestment Ratio of 20.31x as of December 2025, meaning it reinvests 20% of its operating cash flow (€98.00 Million) in capital expenditures (€1.99 Billion). Check Deutsche Lufthansa AG (LHAB) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Deutsche Lufthansa AG Capital Reinvestment Ratio (2016–2025)
This chart tracks Deutsche Lufthansa AG's Capital Reinvestment Ratio across 9 annual periods. For the full cash flow conversion analysis, see LHAB cash generation efficiency.
Annual Capital Reinvestment Ratio for Deutsche Lufthansa AG (2016–2025)
Year-by-year Capital Reinvestment Ratio for Deutsche Lufthansa AG from 2016 to 2025. See Deutsche Lufthansa AG (LHAB) 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 | 1.11x | €4.04 Billion | €4.47 Billion | ▲ +10.7% |
| 2024 | 1.00x | €3.89 Billion | €3.90 Billion | ▲ +22.5% |
| 2023 | 0.82x | €4.91 Billion | €4.01 Billion | ▲ +68.5% |
| 2022 | 0.49x | €5.17 Billion | €2.51 Billion | ▼ -85.3% |
| 2021 | 3.30x | €399.00 Million | €1.32 Billion | ▲ +258.1% |
| 2019 | 0.92x | €4.03 Billion | €3.72 Billion | ▼ -7.5% |
| 2018 | 1.00x | €4.11 Billion | €4.10 Billion | ▲ +50.9% |
| 2017 | 0.66x | €5.37 Billion | €3.55 Billion | ▼ -12.7% |
| 2016 | 0.76x | €3.25 Billion | €2.46 Billion | — |