National Health Investors Inc (NHI) — Capital Reinvestment Ratio
National Health Investors Inc (NHI) has a Capital Reinvestment Ratio of 0.05x as of March 2026, meaning it reinvests 0% of its operating cash flow ($53.44 Million) in capital expenditures ($2.90 Million). Check NHI tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
National Health Investors Inc Capital Reinvestment Ratio (1992–2025)
This chart tracks National Health Investors Inc's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see NHI operating cash flow.
Annual Capital Reinvestment Ratio for National Health Investors Inc (1992–2025)
Year-by-year Capital Reinvestment Ratio for National Health Investors Inc from 1992 to 2025. See NHI FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.08x | $240.23 Million | $19.97 Million | ▲ +10.0% |
| 2024 | 0.08x | $208.17 Million | $15.73 Million | ▲ +272.5% |
| 2023 | 0.02x | $184.45 Million | $3.74 Million | ▼ -40.9% |
| 2022 | 0.03x | $185.34 Million | $6.36 Million | ▲ +11212.9% |
| 2021 | 0.00x | $210.86 Million | $64.00K | ▼ -99.9% |
| 2020 | 0.44x | $232.15 Million | $102.87 Million | ▼ -55.0% |
| 2019 | 0.98x | $240.96 Million | $237.19 Million | ▲ +38.6% |
| 2018 | 0.71x | $207.87 Million | $147.65 Million | ▼ -20.1% |
| 2017 | 0.89x | $197.32 Million | $175.34 Million | ▼ -57.1% |
| 2016 | 2.07x | $177.22 Million | $367.01 Million | ▲ +197.3% |
| 2015 | 0.70x | $164.43 Million | $114.52 Million | ▼ -83.6% |
| 2014 | 4.25x | $126.14 Million | $535.77 Million | ▼ -30.2% |
| 2013 | 6.08x | $104.19 Million | $633.72 Million | ▲ +465.1% |
| 2012 | 1.08x | $86.27 Million | $92.85 Million | ▲ +9.1% |
| 2011 | 0.99x | $76.85 Million | $75.81 Million | ▼ -22.5% |
| 2010 | 1.27x | $77.54 Million | $98.74 Million | ▲ +8.0% |
| 2009 | 1.18x | $69.21 Million | $81.57 Million | ▲ +1854.5% |
| 2008 | 0.06x | $67.13 Million | $4.05 Million | ▲ +61.0% |
| 2007 | 0.04x | $66.53 Million | $2.49 Million | ▼ -13.4% |
| 2006 | 0.04x | $57.80 Million | $2.50 Million | ▼ -79.2% |
| 2005 | 0.21x | $59.01 Million | $12.26 Million | ▲ +607.1% |
| 2004 | 0.03x | $57.09 Million | $1.68 Million | ▼ -80.0% |
| 2003 | 0.15x | $68.03 Million | $10.01 Million | ▼ -41.3% |
| 2002 | 0.25x | $66.09 Million | $16.57 Million | ▲ +671.9% |
| 2001 | 0.03x | $59.76 Million | $1.94 Million | ▼ -35.5% |
| 2000 | 0.05x | $63.61 Million | $3.20 Million | ▼ -74.2% |
| 1999 | 0.19x | $73.43 Million | $14.32 Million | ▼ -59.3% |
| 1998 | 0.48x | $84.93 Million | $40.72 Million | ▲ +80.8% |
| 1997 | 0.27x | $89.94 Million | $23.85 Million | ▼ -70.0% |
| 1996 | 0.89x | $76.71 Million | $67.89 Million | ▲ +340.1% |
| 1995 | 0.20x | $55.20 Million | $11.10 Million | ▼ -3.2% |
| 1994 | 0.21x | $48.60 Million | $10.10 Million | ▼ -55.6% |
| 1993 | 0.47x | $32.90 Million | $15.40 Million | ▲ +16.2% |
| 1992 | 0.40x | $20.60 Million | $8.30 Million | — |