Southwest Gas Holdings Inc (SWX) — Capital Reinvestment Ratio
Southwest Gas Holdings Inc (SWX) has a Capital Reinvestment Ratio of 1.29x as of March 2026, meaning it reinvests 1% of its operating cash flow ($162.13 Million) in capital expenditures ($208.72 Million). See net asset quality index of Southwest Gas Holdings Inc to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Southwest Gas Holdings Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks Southwest Gas Holdings Inc's Capital Reinvestment Ratio across 32 annual periods. Check total reinvestment intensity of Southwest Gas Holdings Inc to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Southwest Gas Holdings Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for Southwest Gas Holdings Inc from 1994 to 2025. For live market cap and broader valuation context, see Southwest Gas Holdings Inc (SWX) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.45x | $556.08 Million | $807.87 Million | ▲ +108.2% |
| 2024 | 0.70x | $1.36 Billion | $945.92 Million | ▼ -59.3% |
| 2023 | 1.71x | $509.21 Million | $872.52 Million | ▼ -18.8% |
| 2022 | 2.11x | $407.46 Million | $859.42 Million | ▼ -67.2% |
| 2021 | 6.42x | $111.38 Million | $715.63 Million | ▲ +387.5% |
| 2020 | 1.32x | $626.08 Million | $825.11 Million | ▼ -29.7% |
| 2019 | 1.87x | $500.37 Million | $938.15 Million | ▲ +29.5% |
| 2018 | 1.45x | $528.86 Million | $765.91 Million | ▼ -14.1% |
| 2017 | 1.69x | $369.95 Million | $623.65 Million | ▲ +90.5% |
| 2016 | 0.88x | $598.39 Million | $529.53 Million | ▼ -0.8% |
| 2015 | 0.89x | $547.15 Million | $488.00 Million | ▼ -22.2% |
| 2014 | 1.15x | $346.42 Million | $396.90 Million | ▲ +8.9% |
| 2013 | 1.05x | $346.21 Million | $364.28 Million | ▲ +2.7% |
| 2012 | 1.02x | $386.32 Million | $395.71 Million | ▼ -32.2% |
| 2011 | 1.51x | $252.04 Million | $380.99 Million | ▲ +160.3% |
| 2010 | 0.58x | $370.99 Million | $215.44 Million | ▲ +8.6% |
| 2009 | 0.53x | $405.80 Million | $216.99 Million | ▼ -46.6% |
| 2008 | 1.00x | $299.75 Million | $300.22 Million | ▲ +2.2% |
| 2007 | 0.98x | $347.81 Million | $340.88 Million | ▼ -20.1% |
| 2006 | 1.23x | $281.35 Million | $345.32 Million | ▼ -0.9% |
| 2005 | 1.24x | $237.62 Million | $294.37 Million | ▼ -38.0% |
| 2004 | 2.00x | $151.49 Million | $302.69 Million | ▲ +72.5% |
| 2003 | 1.16x | $207.78 Million | $240.67 Million | ▲ +22.2% |
| 2002 | 0.95x | $298.47 Million | $282.85 Million | ▼ -56.2% |
| 2001 | 2.16x | $122.75 Million | $265.58 Million | ▲ +21.4% |
| 2000 | 1.78x | $125.31 Million | $223.24 Million | ▲ +38.6% |
| 1999 | 1.28x | $178.60 Million | $229.50 Million | ▲ +34.4% |
| 1998 | 0.96x | $203.50 Million | $194.60 Million | ▼ -68.2% |
| 1997 | 3.01x | $56.40 Million | $169.60 Million | ▼ -28.3% |
| 1996 | 4.19x | $52.20 Million | $218.80 Million | ▲ +146.7% |
| 1995 | 1.70x | $97.80 Million | $166.20 Million | ▲ +32.7% |
| 1994 | 1.28x | $112.90 Million | $144.60 Million | — |