IREN Ltd (IREN) — Capital Reinvestment Ratio
Latest as of December 2025:
3.92x
IREN Ltd (IREN) has a Capital Reinvestment Ratio of 3.92x as of December 2025, meaning it reinvests 4% of its operating cash flow ($71.65 Million) in capital expenditures ($280.61 Million). Check tangible net worth ratio of IREN Ltd to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
3.92x
Capex / Operating Cash Flow
Operating Cash Flow
$71.65 Million
USD
Capital Expenditures
$280.61 Million
USD
Data as of
Dec 2025
Most recent filing
IREN Ltd Capital Reinvestment Ratio (2021–2025)
This chart tracks IREN Ltd's Capital Reinvestment Ratio across 5 annual periods. For the full cash flow conversion analysis, see IREN cash flow metrics.
Annual Capital Reinvestment Ratio for IREN Ltd (2021–2025)
Year-by-year Capital Reinvestment Ratio for IREN Ltd from 2021 to 2025. See IREN Ltd (IREN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 5.58x | $245.89 Million | $1.37 Billion | ▼ -39.3% |
| 2024 | 9.19x | $52.22 Million | $479.91 Million | ▼ -54.6% |
| 2023 | 20.26x | $5.73 Million | $116.06 Million | ▲ +48.4% |
| 2022 | 13.65x | $21.56 Million | $294.25 Million | ▲ +229.3% |
| 2021 | 4.15x | $1.31 Million | $5.45 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow