Cia de Ferro Ligas da Bahia - FERBASA (FESA3) — Capital Reinvestment Ratio
Cia de Ferro Ligas da Bahia - FERBASA (FESA3) has a Capital Reinvestment Ratio of 1.08x as of December 2025, meaning it reinvests 1% of its operating cash flow (R$103.92 Million) in capital expenditures (R$111.80 Million). Check Cia de Ferro Ligas da Bahia - FERBASA tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Cia de Ferro Ligas da Bahia - FERBASA Capital Reinvestment Ratio (2003–2025)
This chart tracks Cia de Ferro Ligas da Bahia - FERBASA's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see Cia de Ferro Ligas da Bahia - FERBASA (FESA3) cash flow conversion.
Annual Capital Reinvestment Ratio for Cia de Ferro Ligas da Bahia - FERBASA (2003–2025)
Year-by-year Capital Reinvestment Ratio for Cia de Ferro Ligas da Bahia - FERBASA from 2003 to 2025. See FESA3 free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.74x | R$403.19 Million | R$300.12 Million | ▼ -7.9% |
| 2024 | 0.81x | R$357.12 Million | R$288.67 Million | ▲ +17.1% |
| 2023 | 0.69x | R$476.56 Million | R$328.84 Million | ▲ +216.7% |
| 2022 | 0.22x | R$1.19 Billion | R$260.25 Million | ▲ +30.2% |
| 2021 | 0.17x | R$759.73 Million | R$127.12 Million | ▼ -18.6% |
| 2020 | 0.21x | R$257.67 Million | R$52.97 Million | ▼ -69.6% |
| 2019 | 0.68x | R$171.91 Million | R$116.26 Million | ▲ +126.7% |
| 2018 | 0.30x | R$306.10 Million | R$91.30 Million | ▲ +29.3% |
| 2017 | 0.23x | R$392.39 Million | R$90.54 Million | ▼ -34.0% |
| 2016 | 0.35x | R$300.69 Million | R$105.15 Million | ▼ -96.0% |
| 2015 | 8.65x | R$12.84 Million | R$111.09 Million | ▲ +1264.3% |
| 2014 | 0.63x | R$165.79 Million | R$105.15 Million | ▼ -45.2% |
| 2013 | 1.16x | R$87.02 Million | R$100.64 Million | ▼ -35.5% |
| 2012 | 1.79x | R$69.34 Million | R$124.29 Million | ▲ +32.9% |
| 2011 | 1.35x | R$94.39 Million | R$127.31 Million | ▲ +116.4% |
| 2010 | 0.62x | R$81.43 Million | R$50.77 Million | ▲ +34.0% |
| 2009 | 0.47x | R$92.56 Million | R$43.08 Million | ▲ +53.0% |
| 2008 | 0.30x | R$306.67 Million | R$93.27 Million | ▼ -6.9% |
| 2007 | 0.33x | R$119.49 Million | R$39.03 Million | ▼ -51.7% |
| 2006 | 0.68x | R$43.56 Million | R$29.46 Million | ▼ -2.4% |
| 2005 | 0.69x | R$100.71 Million | R$69.75 Million | ▼ -12.2% |
| 2004 | 0.79x | R$96.09 Million | R$75.76 Million | ▲ +108.4% |
| 2003 | 0.38x | R$97.57 Million | R$36.91 Million | — |