Air Liquide SA Capital Reinvestment Ratio
Air Liquide SA capital reinvestment ratio. Air Liquide SA (AI) has a Capital Reinvestment Ratio of 0.57x as of December 2025, meaning it reinvests 1% of its operating cash flow (€3.50 Billion) in capital expenditures (€2.01 Billion). See AI cash flow after capex ratio 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 Air Liquide SA (2004–2025)
Capital reinvestment ratio of Air Liquide SA from 2004 to 2025. This chart tracks Air Liquide SA's Capital Reinvestment Ratio across 22 annual periods. See Air Liquide SA free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
Air Liquide SA Capital Reinvestment Ratio by Year (2004–2025)
Air Liquide SA capital reinvestment ratio by year from 2004 to 2025. For the full cash flow conversion analysis, see Air Liquide SA (AI) cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.60x | €6.35 Billion | €3.84 Billion | ▲ +8.5% |
| 2024 | 0.56x | €6.32 Billion | €3.53 Billion | ▲ +2.9% |
| 2023 | 0.54x | €6.26 Billion | €3.39 Billion | ▼ -3.8% |
| 2022 | 0.56x | €5.81 Billion | €3.27 Billion | ▲ +7.6% |
| 2021 | 0.52x | €5.57 Billion | €2.92 Billion | ▲ +3.6% |
| 2020 | 0.51x | €5.21 Billion | €2.63 Billion | ▼ -9.7% |
| 2019 | 0.56x | €4.71 Billion | €2.64 Billion | ▲ +17.3% |
| 2018 | 0.48x | €4.72 Billion | €2.25 Billion | ▼ -7.0% |
| 2017 | 0.51x | €4.25 Billion | €2.18 Billion | ▼ -16.0% |
| 2016 | 0.61x | €3.70 Billion | €2.26 Billion | ▼ -14.7% |
| 2015 | 0.72x | €2.83 Billion | €2.03 Billion | ▲ +6.5% |
| 2014 | 0.67x | €2.83 Billion | €1.90 Billion | ▼ -12.6% |
| 2013 | 0.77x | €2.80 Billion | €2.16 Billion | ▲ +3.8% |
| 2012 | 0.74x | €2.71 Billion | €2.01 Billion | ▲ +2.5% |
| 2011 | 0.72x | €2.43 Billion | €1.75 Billion | ▲ +20.8% |
| 2010 | 0.60x | €2.42 Billion | €1.45 Billion | ▲ +4.1% |
| 2009 | 0.58x | €2.45 Billion | €1.41 Billion | ▼ -30.9% |
| 2008 | 0.83x | €2.29 Billion | €1.91 Billion | ▲ +28.7% |
| 2007 | 0.65x | €2.10 Billion | €1.36 Billion | ▲ +1.3% |
| 2006 | 0.64x | €1.77 Billion | €1.13 Billion | ▲ +12.6% |
| 2005 | 0.57x | €1.72 Billion | €975.20 Million | ▼ -8.6% |
| 2004 | 0.62x | €1.45 Billion | €901.00 Million | — |