Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) — Capital Reinvestment Ratio
Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) has a Capital Reinvestment Ratio of 16.79x as of December 2025, meaning it reinvests 17% of its operating cash flow (R$234.00 Million) in capital expenditures (R$3.93 Billion). Check CEEB3 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Companhiade Eletricidade do Estado da Bahia - COELBA Capital Reinvestment Ratio (2004–2025)
This chart tracks Companhiade Eletricidade do Estado da Bahia - COELBA's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see CEEB3 cash generation efficiency.
Annual Capital Reinvestment Ratio for Companhiade Eletricidade do Estado da Bahia - COELBA (2004–2025)
Year-by-year Capital Reinvestment Ratio for Companhiade Eletricidade do Estado da Bahia - COELBA from 2004 to 2025. See CEEB3 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 2.22x | R$1.77 Billion | R$3.93 Billion | ▲ +115.2% |
| 2024 | 1.03x | R$2.86 Billion | R$2.95 Billion | ▼ -11.4% |
| 2023 | 1.16x | R$2.19 Billion | R$2.55 Billion | ▲ +14.2% |
| 2022 | 1.02x | R$2.67 Billion | R$2.72 Billion | ▼ -68.7% |
| 2021 | 3.26x | R$752.00 Million | R$2.45 Billion | ▲ +178.6% |
| 2020 | 1.17x | R$1.68 Billion | R$1.96 Billion | ▼ -20.6% |
| 2019 | 1.47x | R$1.45 Billion | R$2.14 Billion | ▼ -67.4% |
| 2018 | 4.52x | R$389.45 Million | R$1.76 Billion | ▼ -20.9% |
| 2017 | 5.71x | R$314.08 Million | R$1.79 Billion | ▲ +3.3% |
| 2016 | 5.53x | R$214.54 Million | R$1.19 Billion | ▲ +625.6% |
| 2015 | 0.76x | R$1.20 Billion | R$914.97 Million | ▼ -88.1% |
| 2014 | 6.38x | R$139.75 Million | R$891.79 Million | ▲ +519.7% |
| 2013 | 1.03x | R$1.01 Billion | R$1.04 Billion | ▼ -21.2% |
| 2012 | 1.31x | R$1.08 Billion | R$1.41 Billion | ▲ +58.6% |
| 2011 | 0.82x | R$1.27 Billion | R$1.05 Billion | ▼ -19.8% |
| 2010 | 1.03x | R$950.12 Million | R$976.55 Million | ▲ +57.7% |
| 2009 | 0.65x | R$1.06 Billion | R$688.36 Million | ▲ +35.0% |
| 2008 | 0.48x | R$1.31 Billion | R$631.02 Million | ▼ -31.0% |
| 2007 | 0.70x | R$1.30 Billion | R$909.13 Million | ▼ -1.4% |
| 2006 | 0.71x | R$906.54 Million | R$643.22 Million | ▼ -18.4% |
| 2005 | 0.87x | R$586.87 Million | R$510.32 Million | ▲ +104.4% |
| 2004 | 0.43x | R$775.79 Million | R$330.01 Million | — |