Equinor ASA (EQNR) — Capital Reinvestment Ratio
Latest as of December 2025:
0.70x
Equinor ASA (EQNR) has a Capital Reinvestment Ratio of 0.70x as of December 2025, meaning it reinvests 1% of its operating cash flow (Nkr19.97 Billion) in capital expenditures (Nkr13.99 Billion). See EQNR free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.70x
Capex / Operating Cash Flow
Operating Cash Flow
Nkr19.97 Billion
NOK
Capital Expenditures
Nkr13.99 Billion
NOK
Data as of
Dec 2025
Most recent filing
Equinor ASA Capital Reinvestment Ratio (1998–2025)
This chart tracks Equinor ASA's Capital Reinvestment Ratio across 28 annual periods.
Annual Capital Reinvestment Ratio for Equinor ASA (1998–2025)
Year-by-year Capital Reinvestment Ratio for Equinor ASA from 1998 to 2025. For live market cap and broader valuation context, see Equinor ASA (EQNR) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (NOK) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.70x | Nkr19.97 Billion | Nkr13.99 Billion | ▲ +15.7% |
| 2024 | 0.61x | Nkr20.11 Billion | Nkr12.18 Billion | ▲ +41.4% |
| 2023 | 0.43x | Nkr24.70 Billion | Nkr10.57 Billion | ▲ +71.8% |
| 2022 | 0.25x | Nkr35.14 Billion | Nkr8.76 Billion | ▼ -10.7% |
| 2021 | 0.28x | Nkr28.82 Billion | Nkr8.04 Billion | ▼ -65.8% |
| 2020 | 0.82x | Nkr10.39 Billion | Nkr8.48 Billion | ▲ +10.0% |
| 2019 | 0.74x | Nkr13.75 Billion | Nkr10.20 Billion | ▲ +28.6% |
| 2018 | 0.58x | Nkr19.69 Billion | Nkr11.37 Billion | ▼ -22.9% |
| 2017 | 0.75x | Nkr14.36 Billion | Nkr10.76 Billion | ▼ -44.5% |
| 2016 | 1.35x | Nkr9.03 Billion | Nkr12.19 Billion | ▲ +18.0% |
| 2015 | 1.14x | Nkr12.40 Billion | Nkr14.19 Billion | ▲ +18.0% |
| 2014 | 0.97x | Nkr17.01 Billion | Nkr16.49 Billion | ▼ -13.3% |
| 2013 | 1.12x | Nkr16.66 Billion | Nkr18.63 Billion | ▲ +27.4% |
| 2012 | 0.88x | Nkr22.93 Billion | Nkr20.13 Billion | ▲ +6.1% |
| 2011 | 0.83x | Nkr18.67 Billion | Nkr15.45 Billion | ▼ -14.6% |
| 2010 | 0.97x | Nkr13.75 Billion | Nkr13.32 Billion | ▼ -5.9% |
| 2009 | 1.03x | Nkr12.60 Billion | Nkr12.97 Billion | ▲ +52.2% |
| 2008 | 0.68x | Nkr14.73 Billion | Nkr9.97 Billion | ▼ -10.5% |
| 2007 | 0.76x | Nkr17.29 Billion | Nkr13.07 Billion | ▲ +9.7% |
| 2006 | 0.69x | Nkr9.77 Billion | Nkr6.73 Billion | ▲ +23.4% |
| 2005 | 0.56x | Nkr8.33 Billion | Nkr4.65 Billion | ▼ -31.9% |
| 2004 | 0.82x | Nkr6.43 Billion | Nkr5.27 Billion | ▲ +14.3% |
| 2003 | 0.72x | Nkr4.63 Billion | Nkr3.32 Billion | ▼ -3.9% |
| 2002 | 0.75x | Nkr3.46 Billion | Nkr2.58 Billion | ▲ +75.4% |
| 2001 | 0.43x | Nkr4.36 Billion | Nkr1.85 Billion | ▲ +39.5% |
| 2000 | 0.30x | Nkr6.40 Billion | Nkr1.95 Billion | ▼ -76.1% |
| 1999 | 1.28x | Nkr2.52 Billion | Nkr3.21 Billion | ▼ -42.0% |
| 1998 | 2.20x | Nkr1.32 Billion | Nkr2.91 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow