LI NING CO.LTD UNS.ADR/25 (LNL) — Capital Reinvestment Ratio
LI NING CO.LTD UNS.ADR/25 (LNL) has a Capital Reinvestment Ratio of 0.27x as of December 2025, meaning it reinvests 0% of its operating cash flow (€4.85 Billion) in capital expenditures (€1.29 Billion). Check LNL 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
LI NING CO.LTD UNS.ADR/25 Capital Reinvestment Ratio (2021–2025)
This chart tracks LI NING CO.LTD UNS.ADR/25's Capital Reinvestment Ratio across 5 annual periods. For the full cash flow conversion analysis, see LNL cash generation efficiency.
Annual Capital Reinvestment Ratio for LI NING CO.LTD UNS.ADR/25 (2021–2025)
Year-by-year Capital Reinvestment Ratio for LI NING CO.LTD UNS.ADR/25 from 2021 to 2025. See LNL free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.27x | €4.85 Billion | €1.29 Billion | ▼ -7.1% |
| 2024 | 0.29x | €5.27 Billion | €1.50 Billion | ▼ -26.3% |
| 2023 | 0.39x | €4.69 Billion | €1.82 Billion | ▼ -17.2% |
| 2022 | 0.47x | €3.91 Billion | €1.83 Billion | ▲ +197.0% |
| 2021 | 0.16x | €6.53 Billion | €1.03 Billion | — |