Biglari Holdings Inc (BH-A) — Capital Reinvestment Ratio
Biglari Holdings Inc (BH-A) has a Capital Reinvestment Ratio of 0.34x as of March 2026, meaning it reinvests 0% of its operating cash flow ($20.33 Million) in capital expenditures ($6.97 Million). Check how tangible is Biglari Holdings Inc's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Biglari Holdings Inc Capital Reinvestment Ratio (1991–2025)
This chart tracks Biglari Holdings Inc's Capital Reinvestment Ratio across 35 annual periods. For the full cash flow conversion analysis, see BH-A cash flow metrics.
Annual Capital Reinvestment Ratio for Biglari Holdings Inc (1991–2025)
Year-by-year Capital Reinvestment Ratio for Biglari Holdings Inc from 1991 to 2025. See BH-A free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.28x | $106.96 Million | $30.35 Million | ▼ -53.9% |
| 2024 | 0.62x | $49.66 Million | $30.59 Million | ▲ +92.2% |
| 2023 | 0.32x | $73.00 Million | $23.41 Million | ▲ +37.8% |
| 2022 | 0.23x | $127.83 Million | $29.75 Million | ▼ -17.5% |
| 2021 | 0.28x | $228.77 Million | $64.55 Million | ▲ +60.2% |
| 2020 | 0.18x | $117.56 Million | $20.70 Million | ▼ -6.7% |
| 2019 | 0.19x | $93.68 Million | $17.68 Million | ▼ -78.1% |
| 2018 | 0.86x | $20.68 Million | $17.80 Million | ▲ +176.2% |
| 2017 | 0.31x | $25.78 Million | $8.03 Million | ▲ +64.1% |
| 2016 | 0.19x | $63.35 Million | $12.03 Million | ▼ -10.0% |
| 2015 | 0.21x | $52.50 Million | $11.08 Million | ▼ -83.7% |
| 2014 | 1.30x | $27.57 Million | $35.81 Million | ▲ +255.6% |
| 2013 | 0.37x | $38.79 Million | $14.17 Million | ▲ +110.3% |
| 2012 | 0.17x | $49.97 Million | $8.68 Million | ▼ -4.5% |
| 2011 | 0.18x | $71.58 Million | $13.02 Million | ▲ +44.3% |
| 2010 | 0.13x | $68.62 Million | $8.65 Million | ▲ +14.7% |
| 2009 | 0.11x | $52.31 Million | $5.75 Million | ▼ -91.5% |
| 2008 | 1.29x | $24.43 Million | $31.44 Million | ▼ -18.6% |
| 2007 | 1.58x | $43.43 Million | $68.64 Million | ▲ +21.6% |
| 2006 | 1.30x | $69.58 Million | $90.44 Million | ▲ +31.3% |
| 2005 | 0.99x | $64.28 Million | $63.62 Million | ▲ +1.4% |
| 2004 | 0.98x | $47.39 Million | $46.28 Million | ▲ +61.2% |
| 2003 | 0.61x | $50.70 Million | $30.71 Million | ▼ -19.4% |
| 2002 | 0.75x | $55.01 Million | $41.35 Million | ▼ -18.9% |
| 2001 | 0.93x | $40.13 Million | $37.20 Million | ▼ -51.0% |
| 2000 | 1.89x | $38.86 Million | $73.46 Million | ▼ -5.8% |
| 1999 | 2.01x | $33.40 Million | $67.00 Million | ▲ +43.2% |
| 1998 | 1.40x | $36.70 Million | $51.40 Million | ▼ -19.0% |
| 1997 | 1.73x | $30.20 Million | $52.20 Million | ▲ +7.7% |
| 1996 | 1.60x | $28.80 Million | $46.20 Million | ▼ -21.5% |
| 1995 | 2.04x | $21.00 Million | $42.90 Million | ▲ +76.5% |
| 1994 | 1.16x | $17.80 Million | $20.60 Million | ▼ -31.2% |
| 1993 | 1.68x | $8.80 Million | $14.80 Million | ▲ +137.4% |
| 1992 | 0.71x | $9.60 Million | $6.80 Million | ▲ +14.0% |
| 1991 | 0.62x | $10.30 Million | $6.40 Million | — |