Lloyds Banking Group plc (LLD2) — Capital Reinvestment Ratio

Latest as of December 2025: 1.11x

Lloyds Banking Group plc (LLD2) has a Capital Reinvestment Ratio of 1.11x as of December 2025, meaning it reinvests 1% of its operating cash flow (€5.70 Billion) in capital expenditures (€6.32 Billion). See how much free cash does Lloyds Banking Group plc generate to measure how efficiently the company converts operating cash flow to free cash.

Capital Reinvestment Ratio

1.11x
Capex / Operating Cash Flow

Operating Cash Flow

€5.70 Billion
EUR

Capital Expenditures

€6.32 Billion
EUR

Data as of

Dec 2025
Most recent filing

Lloyds Banking Group plc Capital Reinvestment Ratio (2019–2025)

This chart tracks Lloyds Banking Group plc's Capital Reinvestment Ratio across 4 annual periods.

Annual Capital Reinvestment Ratio for Lloyds Banking Group plc (2019–2025)

Year-by-year Capital Reinvestment Ratio for Lloyds Banking Group plc from 2019 to 2025. For live market cap and broader valuation context, see how much is Lloyds Banking Group plc worth.

Year Reinvestment Ratio Operating CF (EUR) Capital Expenditures YoY Change
2025 1.11x €5.70 Billion €6.32 Billion ▲ +38.5%
2023 0.80x €6.81 Billion €5.46 Billion ▲ +27.5%
2022 0.63x €6.13 Billion €3.85 Billion ▲ +85.7%
2019 0.34x €10.17 Billion €3.44 Billion
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow