Millicom International Cellular SA (TIGO) — Capital Reinvestment Ratio
Millicom International Cellular SA (TIGO) has a Capital Reinvestment Ratio of 0.36x as of June 2026, meaning it reinvests 0% of its operating cash flow ($723.63 Million) in capital expenditures ($259.61 Million). Check Millicom International Cellular SA (TIGO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Millicom International Cellular SA Capital Reinvestment Ratio (1998–2025)
This chart tracks Millicom International Cellular SA's Capital Reinvestment Ratio across 27 annual periods. For the full cash flow conversion analysis, see Millicom International Cellular SA cash conversion from operations.
Annual Capital Reinvestment Ratio for Millicom International Cellular SA (1998–2025)
Year-by-year Capital Reinvestment Ratio for Millicom International Cellular SA from 1998 to 2025. See Millicom International Cellular SA free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.35x | $1.83 Billion | $650.00 Million | ▲ +9.6% |
| 2024 | 0.32x | $1.67 Billion | $540.00 Million | ▼ -66.6% |
| 2023 | 0.97x | $1.22 Billion | $1.18 Billion | ▲ +15.9% |
| 2022 | 0.83x | $1.28 Billion | $1.07 Billion | ▼ -12.1% |
| 2021 | 0.95x | $956.00 Million | $908.00 Million | ▼ -5.4% |
| 2020 | 1.00x | $821.00 Million | $824.00 Million | ▼ -11.4% |
| 2019 | 1.13x | $801.00 Million | $907.00 Million | ▲ +15.0% |
| 2018 | 0.98x | $792.00 Million | $780.00 Million | ▲ +3.1% |
| 2017 | 0.95x | $820.00 Million | $783.00 Million | ▼ -2.7% |
| 2016 | 0.98x | $878.00 Million | $862.00 Million | ▲ +34.5% |
| 2015 | 0.73x | $1.65 Billion | $1.21 Billion | ▼ -18.9% |
| 2014 | 0.90x | $1.46 Billion | $1.31 Billion | ▼ -6.1% |
| 2013 | 0.96x | $1.21 Billion | $1.16 Billion | ▲ +51.8% |
| 2012 | 0.63x | $1.58 Billion | $1.00 Billion | ▲ +31.1% |
| 2011 | 0.48x | $1.61 Billion | $776.52 Million | ▼ -39.3% |
| 2010 | 0.79x | $785.37 Million | $623.14 Million | ▼ -53.2% |
| 2009 | 1.69x | $455.97 Million | $772.57 Million | ▲ +35.2% |
| 2008 | 1.25x | $1.12 Billion | $1.41 Billion | ▲ +57.0% |
| 2007 | 0.80x | $1.11 Billion | $887.14 Million | ▼ -30.5% |
| 2006 | 1.15x | $477.46 Million | $548.12 Million | ▲ +44.5% |
| 2005 | 0.79x | $407.17 Million | $323.52 Million | ▲ +21.8% |
| 2004 | 0.65x | $303.24 Million | $197.87 Million | ▲ +39.2% |
| 2003 | 0.47x | $184.36 Million | $86.45 Million | ▼ -74.2% |
| 2002 | 1.82x | $74.67 Million | $135.82 Million | ▼ -1.6% |
| 2001 | 1.85x | $103.97 Million | $192.18 Million | ▲ +22.4% |
| 2000 | 1.51x | $121.07 Million | $182.77 Million | ▼ -46.1% |
| 1998 | 2.80x | $68.40 Million | $191.70 Million | — |