Millicom International Cellular SA (TIGO) — Capital Reinvestment Ratio
Millicom International Cellular SA (TIGO) has a Capital Reinvestment Ratio of 0.39x as of December 2025, meaning it reinvests 0% of its operating cash flow ($477.00 Million) in capital expenditures ($186.00 Million). See Millicom International Cellular SA 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
Millicom International Cellular SA Capital Reinvestment Ratio (1998–2025)
This chart tracks Millicom International Cellular SA's Capital Reinvestment Ratio across 27 annual periods. Check TIGO cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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. For live market cap and broader valuation context, see how much is Millicom International Cellular SA worth.
| 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 | — |