Banco Santander SA ADR (SAN) — Capital Reinvestment Ratio
Banco Santander SA ADR (SAN) has a Capital Reinvestment Ratio of 0.06x as of December 2025, meaning it reinvests 0% of its operating cash flow ($20.72 Billion) in capital expenditures ($1.23 Billion). Check how tangible is Banco Santander SA ADR's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Banco Santander SA ADR Capital Reinvestment Ratio (1992–2023)
This chart tracks Banco Santander SA ADR's Capital Reinvestment Ratio across 19 annual periods. For the full cash flow conversion analysis, see SAN cash generation efficiency.
Annual Capital Reinvestment Ratio for Banco Santander SA ADR (1992–2023)
Year-by-year Capital Reinvestment Ratio for Banco Santander SA ADR from 1992 to 2023. See Banco Santander SA ADR (SAN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2023 | 2.72x | $5.01 Billion | $13.64 Billion | ▲ +595.3% |
| 2022 | 0.39x | $27.71 Billion | $10.84 Billion | ▲ +94.5% |
| 2021 | 0.20x | $56.69 Billion | $11.40 Billion | ▲ +56.2% |
| 2020 | 0.13x | $66.15 Billion | $8.52 Billion | ▼ -96.9% |
| 2019 | 4.17x | $3.39 Billion | $14.14 Billion | ▲ +16.9% |
| 2018 | 3.57x | $3.42 Billion | $12.20 Billion | ▲ +1496.2% |
| 2017 | 0.22x | $40.19 Billion | $8.99 Billion | ▼ -41.5% |
| 2016 | 0.38x | $21.82 Billion | $8.34 Billion | ▼ -76.5% |
| 2015 | 1.63x | $5.68 Billion | $9.24 Billion | ▲ +917.8% |
| 2012 | 0.16x | $24.32 Billion | $3.89 Billion | ▲ +68.9% |
| 2011 | 0.09x | $35.90 Billion | $3.40 Billion | ▼ -4.5% |
| 2010 | 0.10x | $51.87 Billion | $5.14 Billion | ▼ -55.0% |
| 2008 | 0.22x | $15.83 Billion | $3.49 Billion | ▲ +49.7% |
| 2007 | 0.15x | $31.65 Billion | $4.66 Billion | ▼ -75.6% |
| 1996 | 0.60x | $1.56 Billion | $939.66 Million | ▼ -12.9% |
| 1995 | 0.69x | $1.07 Billion | $739.20 Million | ▼ -79.5% |
| 1994 | 3.38x | $856.23 Million | $2.90 Billion | ▲ +1142.3% |
| 1993 | 0.27x | $1.57 Billion | $427.31 Million | ▼ -48.8% |
| 1992 | 0.53x | $884.32 Million | $470.46 Million | — |