AngloGold Ashanti Ltd (ANG) — Capital Reinvestment Ratio
Latest as of March 2026:
0.25x
AngloGold Ashanti Ltd (ANG) has a Capital Reinvestment Ratio of 0.25x as of March 2026, meaning it reinvests 0% of its operating cash flow (ZAC1.72 Billion) in capital expenditures (ZAC429.68 Million). See AngloGold Ashanti Ltd free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.25x
Capex / Operating Cash Flow
Operating Cash Flow
ZAC1.72 Billion
ZAC
Capital Expenditures
ZAC429.68 Million
ZAC
Data as of
Mar 2026
Most recent filing
AngloGold Ashanti Ltd Capital Reinvestment Ratio (1997–2025)
This chart tracks AngloGold Ashanti Ltd's Capital Reinvestment Ratio across 27 annual periods.
Annual Capital Reinvestment Ratio for AngloGold Ashanti Ltd (1997–2025)
Year-by-year Capital Reinvestment Ratio for AngloGold Ashanti Ltd from 1997 to 2025. For live market cap and broader valuation context, see ANG market cap.
| Year | Reinvestment Ratio | Operating CF (ZAC) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.34x | ZAC4.71 Billion | ZAC1.61 Billion | ▼ -38.4% |
| 2024 | 0.55x | ZAC1.97 Billion | ZAC1.09 Billion | ▼ -48.4% |
| 2023 | 1.07x | ZAC971.00 Million | ZAC1.04 Billion | ▲ +88.3% |
| 2022 | 0.57x | ZAC1.80 Billion | ZAC1.03 Billion | ▼ -29.7% |
| 2021 | 0.81x | ZAC1.27 Billion | ZAC1.03 Billion | ▲ +91.0% |
| 2020 | 0.42x | ZAC1.65 Billion | ZAC702.00 Million | ▼ -36.8% |
| 2019 | 0.67x | ZAC1.05 Billion | ZAC703.00 Million | ▲ +0.1% |
| 2018 | 0.67x | ZAC857.00 Million | ZAC575.00 Million | ▼ -0.9% |
| 2017 | 0.68x | ZAC997.00 Million | ZAC675.00 Million | ▲ +12.9% |
| 2016 | 0.60x | ZAC1.19 Billion | ZAC711.00 Million | ▲ +2.8% |
| 2015 | 0.58x | ZAC1.14 Billion | ZAC664.00 Million | ▼ -15.7% |
| 2014 | 0.69x | ZAC1.22 Billion | ZAC844.00 Million | ▼ -37.0% |
| 2013 | 1.10x | ZAC1.25 Billion | ZAC1.37 Billion | ▲ +11.6% |
| 2012 | 0.98x | ZAC1.97 Billion | ZAC1.94 Billion | ▲ +85.9% |
| 2011 | 0.53x | ZAC2.43 Billion | ZAC1.28 Billion | ▼ -76.9% |
| 2009 | 2.29x | ZAC512.25 Million | ZAC1.17 Billion | ▲ +21.7% |
| 2007 | 1.88x | ZAC561.00 Million | ZAC1.05 Billion | ▲ +78.5% |
| 2006 | 1.05x | ZAC770.00 Million | ZAC811.00 Million | ▼ -48.5% |
| 2005 | 2.05x | ZAC347.00 Million | ZAC710.00 Million | ▲ +72.1% |
| 2004 | 1.19x | ZAC492.00 Million | ZAC585.00 Million | ▲ +48.4% |
| 2003 | 0.80x | ZAC453.00 Million | ZAC363.00 Million | ▲ +79.3% |
| 2002 | 0.45x | ZAC584.00 Million | ZAC261.00 Million | ▼ -50.1% |
| 2001 | 0.89x | ZAC333.00 Million | ZAC298.00 Million | ▼ -66.7% |
| 2000 | 2.69x | ZAC113.00 Million | ZAC304.00 Million | ▲ +212.3% |
| 1999 | 0.86x | ZAC252.60 Million | ZAC217.60 Million | ▼ -22.5% |
| 1998 | 1.11x | ZAC166.10 Million | ZAC184.60 Million | ▲ +69.4% |
| 1997 | 0.66x | ZAC125.60 Million | ZAC82.40 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow