California Water Service Group (CWT) — Capital Reinvestment Ratio
California Water Service Group (CWT) has a Capital Reinvestment Ratio of 2.31x as of June 2026, meaning it reinvests 2% of its operating cash flow ($63.60 Million) in capital expenditures ($146.98 Million). Check California Water Service Group (CWT) 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
California Water Service Group Capital Reinvestment Ratio (1994–2025)
This chart tracks California Water Service Group's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see CWT operating cash flow.
Annual Capital Reinvestment Ratio for California Water Service Group (1994–2025)
Year-by-year Capital Reinvestment Ratio for California Water Service Group from 1994 to 2025. See California Water Service Group free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.71x | $302.56 Million | $516.99 Million | ▲ +5.6% |
| 2024 | 1.62x | $290.87 Million | $470.80 Million | ▼ -8.1% |
| 2023 | 1.76x | $217.82 Million | $383.75 Million | ▲ +31.0% |
| 2022 | 1.34x | $243.77 Million | $327.76 Million | ▲ +6.3% |
| 2021 | 1.27x | $231.72 Million | $293.19 Million | ▼ -50.0% |
| 2020 | 2.53x | $117.92 Million | $298.65 Million | ▲ +56.1% |
| 2019 | 1.62x | $168.79 Million | $273.77 Million | ▲ +6.9% |
| 2018 | 1.52x | $179.02 Million | $271.71 Million | ▼ -13.4% |
| 2017 | 1.75x | $147.84 Million | $259.19 Million | ▲ +22.3% |
| 2016 | 1.43x | $159.70 Million | $228.94 Million | ▲ +17.2% |
| 2015 | 1.22x | $144.63 Million | $176.83 Million | ▲ +18.7% |
| 2014 | 1.03x | $128.13 Million | $132.01 Million | ▲ +4.0% |
| 2013 | 0.99x | $124.17 Million | $122.99 Million | ▲ +2.3% |
| 2012 | 0.97x | $131.91 Million | $127.68 Million | ▼ -9.1% |
| 2011 | 1.07x | $111.27 Million | $118.55 Million | ▼ -35.1% |
| 2010 | 1.64x | $75.51 Million | $123.93 Million | ▲ +7.5% |
| 2009 | 1.53x | $72.42 Million | $110.61 Million | ▲ +35.6% |
| 2008 | 1.13x | $95.73 Million | $107.80 Million | ▼ -44.4% |
| 2007 | 2.02x | $50.05 Million | $101.34 Million | ▲ +7.9% |
| 2006 | 1.88x | $60.97 Million | $114.41 Million | ▲ +71.3% |
| 2005 | 1.10x | $86.26 Million | $94.52 Million | ▼ -11.5% |
| 2004 | 1.24x | $55.41 Million | $68.57 Million | ▼ -25.9% |
| 2003 | 1.67x | $44.43 Million | $74.25 Million | ▼ -36.8% |
| 2002 | 2.64x | $33.41 Million | $88.36 Million | ▲ +64.4% |
| 2001 | 1.61x | $38.59 Million | $62.05 Million | ▲ +49.8% |
| 2000 | 1.07x | $34.63 Million | $37.16 Million | ▲ +3.0% |
| 1999 | 1.04x | $42.70 Million | $44.50 Million | ▲ +13.0% |
| 1998 | 0.92x | $37.50 Million | $34.60 Million | ▲ +10.5% |
| 1997 | 0.84x | $39.40 Million | $32.90 Million | ▼ -22.3% |
| 1996 | 1.08x | $33.20 Million | $35.70 Million | ▲ +17.4% |
| 1995 | 0.92x | $29.80 Million | $27.30 Million | ▼ -17.5% |
| 1994 | 1.11x | $25.50 Million | $28.30 Million | — |