Kellanova (K) — Capital Reinvestment Ratio
Kellanova (K) has a Capital Reinvestment Ratio of 0.29x as of September 2025, meaning it reinvests 0% of its operating cash flow ($503.00 Million) in capital expenditures ($144.00 Million). Check K tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Kellanova Capital Reinvestment Ratio (1989–2024)
This chart tracks Kellanova's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see Kellanova (K) cash conversion ratio.
Annual Capital Reinvestment Ratio for Kellanova (1989–2024)
Year-by-year Capital Reinvestment Ratio for Kellanova from 1989 to 2024. See Kellanova 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 |
|---|---|---|---|---|
| 2024 | 0.36x | $1.76 Billion | $628.00 Million | ▼ -13.3% |
| 2023 | 0.41x | $1.65 Billion | $677.00 Million | ▲ +39.2% |
| 2022 | 0.30x | $1.65 Billion | $488.00 Million | ▼ -9.1% |
| 2021 | 0.33x | $1.70 Billion | $553.00 Million | ▲ +27.9% |
| 2020 | 0.25x | $1.99 Billion | $505.00 Million | ▼ -49.0% |
| 2019 | 0.50x | $1.18 Billion | $586.00 Million | ▲ +32.4% |
| 2018 | 0.38x | $1.54 Billion | $578.00 Million | ▲ +23.6% |
| 2017 | 0.30x | $1.65 Billion | $501.00 Million | ▼ -2.3% |
| 2016 | 0.31x | $1.63 Billion | $507.00 Million | ▼ -4.8% |
| 2015 | 0.33x | $1.69 Billion | $553.00 Million | ▲ +0.7% |
| 2014 | 0.32x | $1.79 Billion | $582.00 Million | ▼ -7.9% |
| 2013 | 0.35x | $1.81 Billion | $637.00 Million | ▲ +16.3% |
| 2012 | 0.30x | $1.76 Billion | $533.00 Million | ▼ -18.6% |
| 2011 | 0.37x | $1.59 Billion | $594.00 Million | ▼ -20.8% |
| 2010 | 0.47x | $1.01 Billion | $474.00 Million | ▲ +104.9% |
| 2009 | 0.23x | $1.64 Billion | $377.00 Million | ▼ -36.9% |
| 2008 | 0.36x | $1.27 Billion | $461.00 Million | ▲ +15.9% |
| 2007 | 0.31x | $1.50 Billion | $472.00 Million | ▼ -2.2% |
| 2006 | 0.32x | $1.41 Billion | $453.10 Million | ▼ -1.9% |
| 2005 | 0.33x | $1.14 Billion | $374.20 Million | ▲ +44.4% |
| 2004 | 0.23x | $1.23 Billion | $278.60 Million | ▲ +7.4% |
| 2003 | 0.21x | $1.17 Billion | $247.20 Million | ▼ -16.7% |
| 2002 | 0.25x | $999.90 Million | $253.50 Million | ▲ +3.8% |
| 2001 | 0.24x | $1.13 Billion | $276.50 Million | ▼ -6.8% |
| 2000 | 0.26x | $880.90 Million | $230.90 Million | ▼ -63.1% |
| 1999 | 0.71x | $795.20 Million | $564.40 Million | ▲ +27.1% |
| 1998 | 0.56x | $720.00 Million | $402.00 Million | ▲ +45.4% |
| 1997 | 0.38x | $879.80 Million | $337.80 Million | ▼ -66.4% |
| 1996 | 1.14x | $711.50 Million | $812.50 Million | ▲ +276.6% |
| 1995 | 0.30x | $1.04 Billion | $315.70 Million | ▼ -17.2% |
| 1994 | 0.37x | $966.80 Million | $354.30 Million | ▼ -34.8% |
| 1993 | 0.56x | $800.20 Million | $449.70 Million | ▼ -12.0% |
| 1992 | 0.64x | $741.90 Million | $473.60 Million | ▲ +78.9% |
| 1991 | 0.36x | $934.40 Million | $333.50 Million | ▼ -8.8% |
| 1990 | 0.39x | $819.20 Million | $320.50 Million | ▼ -59.0% |
| 1989 | 0.95x | $533.50 Million | $508.70 Million | — |