Cellnex Telecom SA (CLNX) — Capital Reinvestment Ratio
Cellnex Telecom SA (CLNX) has a Capital Reinvestment Ratio of 0.84x as of June 2023, meaning it reinvests 1% of its operating cash flow (€1.36 Billion) in capital expenditures (€1.14 Billion). Check tangible net worth ratio of Cellnex Telecom SA to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Cellnex Telecom SA Capital Reinvestment Ratio (2011–2025)
This chart tracks Cellnex Telecom SA's Capital Reinvestment Ratio across 15 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Cellnex Telecom SA.
Annual Capital Reinvestment Ratio for Cellnex Telecom SA (2011–2025)
Year-by-year Capital Reinvestment Ratio for Cellnex Telecom SA from 2011 to 2025. See cash generation quality of Cellnex Telecom SA to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.77x | €2.29 Billion | €1.76 Billion | ▼ -12.5% |
| 2024 | 0.88x | €2.31 Billion | €2.03 Billion | ▼ -17.0% |
| 2023 | 1.06x | €2.07 Billion | €2.19 Billion | ▼ -24.4% |
| 2022 | 1.40x | €1.83 Billion | €2.57 Billion | ▲ +5.3% |
| 2021 | 1.33x | €1.14 Billion | €1.52 Billion | ▲ +38.9% |
| 2020 | 0.96x | €791.65 Million | €759.65 Million | ▼ -55.0% |
| 2019 | 2.13x | €419.56 Million | €894.22 Million | ▲ +46.7% |
| 2018 | 1.45x | €396.28 Million | €575.91 Million | ▼ -17.5% |
| 2017 | 1.76x | €262.73 Million | €462.55 Million | ▲ +94.0% |
| 2016 | 0.91x | €251.91 Million | €228.56 Million | ▲ +53.7% |
| 2015 | 0.59x | €237.92 Million | €140.49 Million | ▼ -56.1% |
| 2014 | 1.35x | €132.14 Million | €177.74 Million | ▼ -7.7% |
| 2013 | 1.46x | €115.09 Million | €167.81 Million | ▲ +93.9% |
| 2012 | 0.75x | €145.92 Million | €109.73 Million | ▲ +120.3% |
| 2011 | 0.34x | €89.61 Million | €30.59 Million | — |