Companhia Siderúrgica Nacional (CSNA3) — Capital Reinvestment Ratio
Latest as of September 2025:
3.66x
Companhia Siderúrgica Nacional (CSNA3) has a Capital Reinvestment Ratio of 3.66x as of September 2025, meaning it reinvests 4% of its operating cash flow (R$392.50 Million) in capital expenditures (R$1.44 Billion). See Companhia Siderúrgica Nacional free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
3.66x
Capex / Operating Cash Flow
Operating Cash Flow
R$392.50 Million
BRL
Capital Expenditures
R$1.44 Billion
BRL
Data as of
Sep 2025
Most recent filing
Companhia Siderúrgica Nacional Capital Reinvestment Ratio (1997–2024)
This chart tracks Companhia Siderúrgica Nacional's Capital Reinvestment Ratio across 27 annual periods.
Annual Capital Reinvestment Ratio for Companhia Siderúrgica Nacional (1997–2024)
Year-by-year Capital Reinvestment Ratio for Companhia Siderúrgica Nacional from 1997 to 2024. For live market cap and broader valuation context, see CSNA3 market cap overview.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.64x | R$8.65 Billion | R$5.49 Billion | ▲ +5.1% |
| 2023 | 0.60x | R$7.29 Billion | R$4.41 Billion | ▼ -77.0% |
| 2022 | 2.63x | R$2.04 Billion | R$5.38 Billion | ▲ +1409.6% |
| 2021 | 0.17x | R$16.43 Billion | R$2.86 Billion | ▼ -0.8% |
| 2020 | 0.18x | R$9.58 Billion | R$1.68 Billion | ▼ -61.3% |
| 2019 | 0.45x | R$4.87 Billion | R$2.22 Billion | ▼ -23.9% |
| 2018 | 0.60x | R$2.21 Billion | R$1.32 Billion | ▼ -67.8% |
| 2017 | 1.85x | R$571.85 Million | R$1.06 Billion | ▼ -68.7% |
| 2016 | 5.91x | R$275.92 Million | R$1.63 Billion | ▲ +1753.3% |
| 2015 | 0.32x | R$5.07 Billion | R$1.62 Billion | ▼ -85.8% |
| 2014 | 2.24x | R$823.71 Million | R$1.85 Billion | ▲ +98.1% |
| 2013 | 1.13x | R$2.20 Billion | R$2.49 Billion | ▲ +44.3% |
| 2012 | 0.78x | R$3.49 Billion | R$2.74 Billion | ▼ -25.1% |
| 2011 | 1.05x | R$4.20 Billion | R$4.40 Billion | ▼ -28.0% |
| 2010 | 1.45x | R$2.52 Billion | R$3.66 Billion | ▲ +239.3% |
| 2008 | 0.43x | R$4.79 Billion | R$2.05 Billion | ▼ -14.3% |
| 2007 | 0.50x | R$2.25 Billion | R$1.13 Billion | ▼ -34.9% |
| 2006 | 0.77x | R$1.96 Billion | R$1.51 Billion | ▲ +365.4% |
| 2005 | 0.17x | R$4.10 Billion | R$677.15 Million | ▼ -67.2% |
| 2004 | 0.50x | R$940.24 Million | R$472.78 Million | ▲ +36.2% |
| 2003 | 0.37x | R$1.64 Billion | R$605.89 Million | ▲ +12.7% |
| 2002 | 0.33x | R$2.85 Billion | R$934.51 Million | ▼ -84.0% |
| 2001 | 2.05x | R$487.68 Million | R$998.59 Million | ▲ +190.6% |
| 2000 | 0.70x | R$1.04 Billion | R$735.11 Million | ▲ +74.8% |
| 1999 | 0.40x | R$1.15 Billion | R$464.12 Million | ▼ -13.1% |
| 1998 | 0.46x | R$851.78 Million | R$395.08 Million | ▲ +1148.2% |
| 1997 | 0.04x | R$943.02 Million | R$35.04 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow