LATAM Airlines Group S.A. (LTM) — Capital Reinvestment Ratio
LATAM Airlines Group S.A. (LTM) has a Capital Reinvestment Ratio of 0.37x as of March 2026, meaning it reinvests 0% of its operating cash flow ($933.15 Million) in capital expenditures ($345.02 Million). Check LATAM Airlines Group S.A. tangible equity quality to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
LATAM Airlines Group S.A. Capital Reinvestment Ratio (1997–2025)
This chart tracks LATAM Airlines Group S.A.'s Capital Reinvestment Ratio across 27 annual periods. For the full cash flow conversion analysis, see how efficiently does LATAM Airlines Group S.A. generate cash.
Annual Capital Reinvestment Ratio for LATAM Airlines Group S.A. (1997–2025)
Year-by-year Capital Reinvestment Ratio for LATAM Airlines Group S.A. from 1997 to 2025. See LATAM Airlines Group S.A. free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | $3.26 Billion | $1.77 Billion | ▲ +19.0% |
| 2024 | 0.46x | $3.11 Billion | $1.42 Billion | ▲ +30.0% |
| 2023 | 0.35x | $2.26 Billion | $795.79 Million | ▼ -95.9% |
| 2022 | 8.58x | $96.80 Million | $830.65 Million | ▲ +1612.1% |
| 2019 | 0.50x | $2.83 Billion | $1.42 Billion | ▲ +0.5% |
| 2018 | 0.50x | $1.52 Billion | $756.91 Million | ▲ +69.4% |
| 2017 | 0.29x | $1.67 Billion | $490.98 Million | ▼ -62.7% |
| 2016 | 0.79x | $992.13 Million | $782.96 Million | ▼ -16.5% |
| 2015 | 0.95x | $1.72 Billion | $1.62 Billion | ▼ -15.9% |
| 2014 | 1.12x | $1.33 Billion | $1.50 Billion | ▲ +11.1% |
| 2013 | 1.01x | $1.41 Billion | $1.43 Billion | ▼ -50.3% |
| 2012 | 2.03x | $1.20 Billion | $2.45 Billion | ▲ +12.0% |
| 2011 | 1.82x | $767.67 Million | $1.39 Billion | ▲ +95.0% |
| 2010 | 0.93x | $1.13 Billion | $1.05 Billion | ▲ +46.3% |
| 2009 | 0.64x | $845.83 Million | $538.58 Million | ▼ -44.2% |
| 2008 | 1.14x | $729.13 Million | $831.70 Million | ▼ -4.0% |
| 2007 | 1.19x | $707.02 Million | $839.85 Million | ▼ -36.7% |
| 2006 | 1.88x | $490.25 Million | $920.43 Million | ▼ -12.2% |
| 2005 | 2.14x | $276.94 Million | $592.41 Million | ▲ +484.5% |
| 2004 | 0.37x | $346.75 Million | $126.91 Million | ▲ +33.2% |
| 2003 | 0.27x | $235.73 Million | $64.76 Million | ▼ -80.2% |
| 2002 | 1.39x | $138.82 Million | $192.63 Million | ▼ -36.8% |
| 2001 | 2.19x | $155.56 Million | $341.27 Million | ▲ +102.3% |
| 2000 | 1.08x | $134.22 Million | $145.57 Million | ▼ -13.5% |
| 1999 | 1.25x | $112.26 Million | $140.80 Million | ▼ -61.1% |
| 1998 | 3.22x | $116.10 Million | $373.90 Million | ▲ +85.9% |
| 1997 | 1.73x | $103.00 Million | $178.40 Million | — |