TELEFONICA BRASIL ADR 1 (TSPA) — Capital Reinvestment Ratio
TELEFONICA BRASIL ADR 1 (TSPA) has a Capital Reinvestment Ratio of 0.47x as of December 2025, meaning it reinvests 0% of its operating cash flow (€5.14 Billion) in capital expenditures (€2.44 Billion). Check how tangible is TELEFONICA BRASIL ADR 1's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
TELEFONICA BRASIL ADR 1 Capital Reinvestment Ratio (2021–2025)
This chart tracks TELEFONICA BRASIL ADR 1's Capital Reinvestment Ratio across 5 annual periods. For the full cash flow conversion analysis, see TELEFONICA BRASIL ADR 1 (TSPA) cash conversion ratio.
Annual Capital Reinvestment Ratio for TELEFONICA BRASIL ADR 1 (2021–2025)
Year-by-year Capital Reinvestment Ratio for TELEFONICA BRASIL ADR 1 from 2021 to 2025. See TSPA cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | €20.72 Billion | €9.46 Billion | ▼ -2.7% |
| 2024 | 0.47x | €19.88 Billion | €9.32 Billion | ▲ +0.0% |
| 2023 | 0.47x | €18.79 Billion | €8.81 Billion | ▼ -10.2% |
| 2022 | 0.52x | €18.94 Billion | €9.89 Billion | ▲ +1.6% |
| 2021 | 0.51x | €18.07 Billion | €9.30 Billion | — |