Thales S.A. (HO) — Capital Reinvestment Ratio
Thales S.A. (HO) has a Capital Reinvestment Ratio of 0.39x as of June 2025, meaning it reinvests 0% of its operating cash flow (€808.00 Million) in capital expenditures (€311.30 Million). Check tangible equity quality of Thales S.A. to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Thales S.A. Capital Reinvestment Ratio (2001–2024)
This chart tracks Thales S.A.'s Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see Thales S.A. operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Thales S.A. (2001–2024)
Year-by-year Capital Reinvestment Ratio for Thales S.A. from 2001 to 2024. See Thales S.A. (HO) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.24x | €2.64 Billion | €623.10 Million | ▼ -39.7% |
| 2023 | 0.39x | €1.60 Billion | €625.60 Million | ▲ +138.8% |
| 2022 | 0.16x | €3.06 Billion | €502.73 Million | ▼ -1.5% |
| 2021 | 0.17x | €2.71 Billion | €450.80 Million | ▼ -43.3% |
| 2020 | 0.29x | €1.35 Billion | €395.40 Million | ▲ +3.4% |
| 2019 | 0.28x | €1.77 Billion | €503.30 Million | ▼ -4.1% |
| 2018 | 0.30x | €1.25 Billion | €370.95 Million | ▲ +36.1% |
| 2017 | 0.22x | €2.06 Billion | €447.51 Million | ▼ -32.0% |
| 2016 | 0.32x | €1.41 Billion | €451.11 Million | ▲ +16.5% |
| 2015 | 0.27x | €1.59 Billion | €438.23 Million | ▼ -40.2% |
| 2014 | 0.46x | €1.06 Billion | €486.96 Million | ▲ +7.7% |
| 2013 | 0.43x | €1.06 Billion | €452.80 Million | ▲ +16.1% |
| 2012 | 0.37x | €1.34 Billion | €494.30 Million | ▼ -19.7% |
| 2011 | 0.46x | €577.20 Million | €264.10 Million | ▼ -24.1% |
| 2010 | 0.60x | €522.80 Million | €315.20 Million | ▲ +6933.9% |
| 2009 | 0.01x | €1.16 Billion | €9.90 Million | ▼ -98.4% |
| 2006 | 0.55x | €753.60 Million | €412.10 Million | ▼ -14.7% |
| 2005 | 0.64x | €609.60 Million | €390.80 Million | ▼ -26.0% |
| 2004 | 0.87x | €358.60 Million | €310.60 Million | ▲ +46.9% |
| 2003 | 0.59x | €636.80 Million | €375.50 Million | ▼ -56.8% |
| 2002 | 1.37x | €305.80 Million | €417.60 Million | ▲ +70.1% |
| 2001 | 0.80x | €667.00 Million | €535.60 Million | — |