Southwest Gas Holdings Inc Capital Reinvestment Ratio
Southwest Gas Holdings Inc capital reinvestment ratio. Southwest Gas Holdings Inc (SWX) has a Capital Reinvestment Ratio of 2.19x as of June 2026, meaning it reinvests 2% of its operating cash flow ($146.09 Million) in capital expenditures ($320.40 Million). See SWX free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Southwest Gas Holdings Inc (1994–2025)
Capital reinvestment ratio of Southwest Gas Holdings Inc from 1994 to 2025. This chart tracks Southwest Gas Holdings Inc's Capital Reinvestment Ratio across 32 annual periods. See Southwest Gas Holdings Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Southwest Gas Holdings Inc Capital Reinvestment Ratio by Year (1994–2025)
Southwest Gas Holdings Inc capital reinvestment ratio by year from 1994 to 2025. For the full cash flow conversion analysis, see SWX cash generation efficiency.
| 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 | — |