Caledonia Mining Corporation (CMCL) — Capital Reinvestment Ratio
Caledonia Mining Corporation (CMCL) has a Capital Reinvestment Ratio of 0.41x as of March 2026, meaning it reinvests 0% of its operating cash flow ($20.59 Million) in capital expenditures ($8.48 Million). Check CMCL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Caledonia Mining Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks Caledonia Mining Corporation's Capital Reinvestment Ratio across 18 annual periods. For the full cash flow conversion analysis, see Caledonia Mining Corporation cash flow conversion.
Annual Capital Reinvestment Ratio for Caledonia Mining Corporation (1994–2025)
Year-by-year Capital Reinvestment Ratio for Caledonia Mining Corporation from 1994 to 2025. See CMCL 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 | 0.43x | $76.23 Million | $32.83 Million | ▼ -34.2% |
| 2024 | 0.65x | $41.95 Million | $27.48 Million | ▼ -68.2% |
| 2023 | 2.06x | $14.77 Million | $30.39 Million | ▲ +98.9% |
| 2022 | 1.03x | $42.62 Million | $44.09 Million | ▼ -15.5% |
| 2021 | 1.22x | $30.90 Million | $37.83 Million | ▲ +36.1% |
| 2020 | 0.90x | $30.96 Million | $27.84 Million | ▼ -18.9% |
| 2019 | 1.11x | $18.06 Million | $20.02 Million | ▼ -3.0% |
| 2018 | 1.14x | $17.67 Million | $20.19 Million | ▲ +29.5% |
| 2017 | 0.88x | $24.51 Million | $21.64 Million | ▲ +2.2% |
| 2016 | 0.86x | $23.01 Million | $19.89 Million | ▼ -64.2% |
| 2015 | 2.41x | $6.87 Million | $16.57 Million | ▲ +387.1% |
| 2014 | 0.50x | $11.81 Million | $5.85 Million | ▼ -38.0% |
| 2013 | 0.80x | $13.79 Million | $11.02 Million | ▲ +200.4% |
| 2012 | 0.27x | $29.88 Million | $7.95 Million | ▼ -45.6% |
| 2011 | 0.49x | $17.07 Million | $8.35 Million | ▼ -55.9% |
| 2010 | 1.11x | $6.57 Million | $7.29 Million | ▼ -85.2% |
| 1996 | 7.49x | $3.28 Million | $24.59 Million | ▲ +332.7% |
| 1994 | 1.73x | $2.60 Million | $4.50 Million | — |