Ciena Corp (CIEN) — Capital Reinvestment Ratio
Ciena Corp (CIEN) has a Capital Reinvestment Ratio of 0.32x as of January 2026, meaning it reinvests 0% of its operating cash flow ($227.65 Million) in capital expenditures ($73.89 Million). See Ciena Corp 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
Ciena Corp Capital Reinvestment Ratio (1997–2025)
This chart tracks Ciena Corp's Capital Reinvestment Ratio across 21 annual periods. Check CIEN total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Ciena Corp (1997–2025)
Year-by-year Capital Reinvestment Ratio for Ciena Corp from 1997 to 2025. For live market cap and broader valuation context, see Ciena Corp (CIEN) total market value.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $806.09 Million | $140.80 Million | ▼ -34.2% |
| 2024 | 0.27x | $514.53 Million | $136.64 Million | ▼ -57.9% |
| 2023 | 0.63x | $168.33 Million | $106.20 Million | ▲ +329.6% |
| 2021 | 0.15x | $541.65 Million | $79.55 Million | ▼ -12.3% |
| 2020 | 0.17x | $493.65 Million | $82.67 Million | ▲ +10.6% |
| 2019 | 0.15x | $413.14 Million | $62.58 Million | ▼ -48.6% |
| 2018 | 0.29x | $229.26 Million | $67.62 Million | ▼ -26.8% |
| 2017 | 0.40x | $234.88 Million | $94.60 Million | ▲ +8.8% |
| 2016 | 0.37x | $289.52 Million | $107.19 Million | ▲ +56.2% |
| 2015 | 0.24x | $262.11 Million | $62.11 Million | ▼ -55.9% |
| 2014 | 0.54x | $89.82 Million | $48.22 Million | ▼ -45.3% |
| 2013 | 0.98x | $44.68 Million | $43.81 Million | ▲ +118.3% |
| 2012 | 0.45x | $107.09 Million | $48.10 Million | ▼ -86.2% |
| 2009 | 3.25x | $7.42 Million | $24.11 Million | ▲ +1174.1% |
| 2008 | 0.26x | $117.62 Million | $30.00 Million | ▼ -13.6% |
| 2007 | 0.30x | $108.74 Million | $32.10 Million | ▼ -80.6% |
| 2001 | 1.52x | $156.99 Million | $238.54 Million | ▼ -27.6% |
| 2000 | 2.10x | $59.04 Million | $123.95 Million | ▼ -20.6% |
| 1999 | 2.64x | $17.70 Million | $46.80 Million | ▲ +8.6% |
| 1998 | 2.43x | $35.50 Million | $86.40 Million | ▲ +192.7% |
| 1997 | 0.83x | $80.10 Million | $66.60 Million | — |