Lazard Ltd (LAZ) — Capital Reinvestment Ratio
Lazard Ltd (LAZ) has a Capital Reinvestment Ratio of 0.09x as of September 2025, meaning it reinvests 0% of its operating cash flow ($287.47 Million) in capital expenditures ($25.51 Million). See LAZ equity to assets ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Lazard Ltd Capital Reinvestment Ratio (2003–2024)
This chart tracks Lazard Ltd's Capital Reinvestment Ratio across 22 annual periods. Check Lazard Ltd cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Lazard Ltd (2003–2024)
Year-by-year Capital Reinvestment Ratio for Lazard Ltd from 2003 to 2024. For live market cap and broader valuation context, see Lazard Ltd market cap and net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.06x | $742.83 Million | $45.50 Million | ▼ -64.4% |
| 2023 | 0.17x | $164.66 Million | $28.30 Million | ▲ +189.5% |
| 2022 | 0.06x | $833.98 Million | $49.51 Million | ▲ +29.5% |
| 2021 | 0.05x | $866.08 Million | $39.70 Million | ▼ -58.9% |
| 2020 | 0.11x | $575.93 Million | $64.29 Million | ▲ +77.0% |
| 2019 | 0.06x | $677.95 Million | $42.76 Million | ▼ -11.1% |
| 2018 | 0.07x | $699.04 Million | $49.59 Million | ▲ +163.9% |
| 2017 | 0.03x | $1.03 Billion | $27.67 Million | ▼ -56.1% |
| 2016 | 0.06x | $632.60 Million | $38.75 Million | ▲ +104.1% |
| 2015 | 0.03x | $887.30 Million | $26.63 Million | ▼ -0.4% |
| 2014 | 0.03x | $736.02 Million | $22.18 Million | ▼ -74.0% |
| 2013 | 0.12x | $526.70 Million | $60.96 Million | ▼ -37.5% |
| 2012 | 0.19x | $481.91 Million | $89.30 Million | ▲ +58.7% |
| 2011 | 0.12x | $397.80 Million | $46.44 Million | ▲ +47.2% |
| 2010 | 0.08x | $168.80 Million | $13.38 Million | ▲ +62.9% |
| 2009 | 0.05x | $244.78 Million | $11.91 Million | ▲ +33.0% |
| 2008 | 0.04x | $505.89 Million | $18.51 Million | ▼ -81.9% |
| 2007 | 0.20x | $71.73 Million | $14.53 Million | ▲ +488.4% |
| 2006 | 0.03x | $238.04 Million | $8.19 Million | ▲ +293.5% |
| 2005 | 0.01x | $893.60 Million | $7.82 Million | ▼ -80.4% |
| 2004 | 0.04x | $426.28 Million | $19.01 Million | ▼ -83.6% |
| 2003 | 0.27x | $206.52 Million | $56.23 Million | — |