Harmony Gold Mining Co. Ltd. (HAR) — Capital Reinvestment Ratio
Harmony Gold Mining Co. Ltd. (HAR) has a Capital Reinvestment Ratio of 0.59x as of December 2025, meaning it reinvests 1% of its operating cash flow (ZAC13.85 Billion) in capital expenditures (ZAC8.12 Billion). See Harmony Gold Mining Co. Ltd. net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Harmony Gold Mining Co. Ltd. Capital Reinvestment Ratio (1998–2025)
This chart tracks Harmony Gold Mining Co. Ltd.'s Capital Reinvestment Ratio across 26 annual periods. Check Harmony Gold Mining Co. Ltd. investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Harmony Gold Mining Co. Ltd. (1998–2025)
Year-by-year Capital Reinvestment Ratio for Harmony Gold Mining Co. Ltd. from 1998 to 2025. For live market cap and broader valuation context, see market cap of Harmony Gold Mining Co. Ltd..
| Year | Reinvestment Ratio | Operating CF (ZAC) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.52x | ZAC22.65 Billion | ZAC11.86 Billion | ▼ -2.4% |
| 2024 | 0.54x | ZAC15.65 Billion | ZAC8.40 Billion | ▼ -30.1% |
| 2023 | 0.77x | ZAC9.95 Billion | ZAC7.64 Billion | ▼ -14.4% |
| 2022 | 0.90x | ZAC6.92 Billion | ZAC6.21 Billion | ▲ +60.2% |
| 2021 | 0.56x | ZAC9.18 Billion | ZAC5.14 Billion | ▼ -26.7% |
| 2020 | 0.76x | ZAC272.08 Million | ZAC207.96 Million | ▼ -28.9% |
| 2019 | 1.08x | ZAC4.68 Billion | ZAC5.04 Billion | ▼ -8.4% |
| 2018 | 1.17x | ZAC4.18 Billion | ZAC4.91 Billion | ▲ +15.0% |
| 2017 | 1.02x | ZAC3.64 Billion | ZAC3.72 Billion | ▲ +89.1% |
| 2016 | 0.54x | ZAC4.60 Billion | ZAC2.48 Billion | ▼ -61.7% |
| 2015 | 1.41x | ZAC24.61 Billion | ZAC34.68 Billion | ▲ +20.1% |
| 2014 | 1.17x | ZAC2.32 Billion | ZAC2.73 Billion | ▼ -10.5% |
| 2013 | 1.31x | ZAC3.26 Billion | ZAC4.27 Billion | ▲ +72.2% |
| 2012 | 0.76x | ZAC4.45 Billion | ZAC3.39 Billion | ▼ -42.5% |
| 2011 | 1.32x | ZAC2.32 Billion | ZAC3.07 Billion | ▼ -40.0% |
| 2010 | 2.21x | ZAC1.58 Billion | ZAC3.49 Billion | ▲ +89.9% |
| 2009 | 1.16x | ZAC2.29 Billion | ZAC2.66 Billion | ▼ -50.6% |
| 2008 | 2.35x | ZAC1.84 Billion | ZAC4.33 Billion | ▲ +0.9% |
| 2007 | 2.33x | ZAC1.16 Billion | ZAC2.71 Billion | ▼ -55.6% |
| 2006 | 5.25x | ZAC370.27 Million | ZAC1.94 Billion | ▲ +594.1% |
| 2003 | 0.76x | ZAC1.32 Billion | ZAC995.51 Million | ▲ +134.2% |
| 2002 | 0.32x | ZAC2.28 Billion | ZAC734.85 Million | ▼ -69.9% |
| 2001 | 1.07x | ZAC394.85 Million | ZAC423.05 Million | ▲ +95.6% |
| 2000 | 0.55x | ZAC287.34 Million | ZAC157.38 Million | ▲ +58.8% |
| 1999 | 0.34x | ZAC505.58 Million | ZAC174.36 Million | ▼ -97.0% |
| 1998 | 11.67x | ZAC3.53 Million | ZAC41.23 Million | — |