Air Liquide SA (AI) — 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). Check AI tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air Liquide SA Capital Reinvestment Ratio (2004–2025)
This chart tracks Air Liquide SA's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see Air Liquide SA (AI) cash flow conversion.
Annual Capital Reinvestment Ratio for Air Liquide SA (2004–2025)
Year-by-year Capital Reinvestment Ratio for Air Liquide SA from 2004 to 2025. See how much free cash does Air Liquide SA generate to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |