MTN Group Ltd (MTN) — Capital Reinvestment Ratio
MTN Group Ltd (MTN) has a Capital Reinvestment Ratio of 0.30x as of December 2025, meaning it reinvests 0% of its operating cash flow (ZAC43.23 Billion) in capital expenditures (ZAC12.87 Billion). Check MTN Group Ltd 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
MTN Group Ltd Capital Reinvestment Ratio (2001–2025)
This chart tracks MTN Group Ltd's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see MTN Group Ltd (MTN) cash flow conversion.
Annual Capital Reinvestment Ratio for MTN Group Ltd (2001–2025)
Year-by-year Capital Reinvestment Ratio for MTN Group Ltd from 2001 to 2025. See MTN Group Ltd (MTN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ZAC) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.42x | ZAC77.94 Billion | ZAC32.87 Billion | ▼ -37.7% |
| 2024 | 0.68x | ZAC46.82 Billion | ZAC31.68 Billion | ▼ -7.4% |
| 2023 | 0.73x | ZAC64.06 Billion | ZAC46.80 Billion | ▲ +8.6% |
| 2022 | 0.67x | ZAC68.12 Billion | ZAC45.81 Billion | ▲ +28.5% |
| 2021 | 0.52x | ZAC67.29 Billion | ZAC35.23 Billion | ▲ +1.5% |
| 2020 | 0.52x | ZAC58.51 Billion | ZAC30.18 Billion | ▼ -30.8% |
| 2019 | 0.75x | ZAC36.29 Billion | ZAC27.04 Billion | ▼ -14.4% |
| 2018 | 0.87x | ZAC32.39 Billion | ZAC28.20 Billion | ▼ -22.6% |
| 2017 | 1.13x | ZAC23.69 Billion | ZAC26.66 Billion | ▼ -33.9% |
| 2016 | 1.70x | ZAC20.72 Billion | ZAC35.25 Billion | ▼ -30.3% |
| 2015 | 2.44x | ZAC13.12 Billion | ZAC32.02 Billion | ▲ +189.9% |
| 2014 | 0.84x | ZAC27.13 Billion | ZAC22.84 Billion | ▼ -7.4% |
| 2013 | 0.91x | ZAC27.02 Billion | ZAC24.57 Billion | ▼ -11.7% |
| 2012 | 1.03x | ZAC25.08 Billion | ZAC25.82 Billion | ▲ +84.1% |
| 2011 | 0.56x | ZAC27.87 Billion | ZAC15.59 Billion | ▲ +17.2% |
| 2010 | 0.48x | ZAC34.73 Billion | ZAC16.58 Billion | ▼ -41.7% |
| 2009 | 0.82x | ZAC36.28 Billion | ZAC29.70 Billion | ▼ -1.2% |
| 2008 | 0.83x | ZAC34.24 Billion | ZAC28.37 Billion | ▲ +31.2% |
| 2007 | 0.63x | ZAC25.85 Billion | ZAC16.33 Billion | ▲ +13.7% |
| 2006 | 0.56x | ZAC17.62 Billion | ZAC9.80 Billion | ▼ -20.9% |
| 2005 | 0.70x | ZAC9.16 Billion | ZAC6.44 Billion | ▲ +19.7% |
| 2003 | 0.59x | ZAC8.60 Billion | ZAC5.05 Billion | ▼ -20.5% |
| 2002 | 0.74x | ZAC5.33 Billion | ZAC3.94 Billion | ▼ -33.4% |
| 2001 | 1.11x | ZAC3.11 Billion | ZAC3.45 Billion | — |