Equinor ASA (EQNR) — Capital Reinvestment Ratio
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 equity financing ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Equinor ASA Capital Reinvestment Ratio (1998–2025)
This chart tracks Equinor ASA's Capital Reinvestment Ratio across 28 annual periods. Check EQNR cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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) total market value.
| 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 | — |