Telefónica S.A (TNE2) — Capital Reinvestment Ratio
Telefónica S.A (TNE2) has a Capital Reinvestment Ratio of 0.46x as of September 2023, meaning it reinvests 0% of its operating cash flow (€2.95 Billion) in capital expenditures (€1.36 Billion). Check Telefónica S.A (TNE2) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Telefónica S.A Capital Reinvestment Ratio (2016–2022)
This chart tracks Telefónica S.A's Capital Reinvestment Ratio across 7 annual periods. For the full cash flow conversion analysis, see Telefónica S.A (TNE2) cash conversion ratio.
Annual Capital Reinvestment Ratio for Telefónica S.A (2016–2022)
Year-by-year Capital Reinvestment Ratio for Telefónica S.A from 2016 to 2022. See Telefónica S.A (TNE2) 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 |
|---|---|---|---|---|
| 2022 | 0.54x | €11.76 Billion | €6.35 Billion | ▼ -17.6% |
| 2021 | 0.66x | €10.27 Billion | €6.73 Billion | ▲ +14.8% |
| 2020 | 0.57x | €13.20 Billion | €7.53 Billion | ▲ +1.9% |
| 2019 | 0.56x | €15.02 Billion | €8.41 Billion | ▼ -14.4% |
| 2018 | 0.65x | €13.42 Billion | €8.78 Billion | ▼ -1.3% |
| 2017 | 0.66x | €13.80 Billion | €9.14 Billion | ▼ -3.8% |
| 2016 | 0.69x | €13.34 Billion | €9.19 Billion | — |