Bell AG (BELL) — Capital Reinvestment Ratio
Bell AG (BELL) has a Capital Reinvestment Ratio of 0.99x as of December 2025, meaning it reinvests 1% of its operating cash flow (CHF275.00 Million) in capital expenditures (CHF271.50 Million). Check Bell AG (BELL) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Bell AG Capital Reinvestment Ratio (2002–2025)
This chart tracks Bell AG's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see Bell AG cash flow conversion.
Annual Capital Reinvestment Ratio for Bell AG (2002–2025)
Year-by-year Capital Reinvestment Ratio for Bell AG from 2002 to 2025. See cash generation quality of Bell AG to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CHF) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.99x | CHF275.00 Million | CHF271.50 Million | ▼ -4.9% |
| 2024 | 1.04x | CHF301.30 Million | CHF312.80 Million | ▼ -2.0% |
| 2023 | 1.06x | CHF311.70 Million | CHF330.10 Million | ▲ +0.2% |
| 2022 | 1.06x | CHF241.40 Million | CHF255.20 Million | ▲ +29.9% |
| 2021 | 0.81x | CHF293.50 Million | CHF238.90 Million | ▼ -14.0% |
| 2020 | 0.95x | CHF246.00 Million | CHF232.70 Million | ▲ +5.3% |
| 2019 | 0.90x | CHF251.60 Million | CHF226.10 Million | ▲ +32.8% |
| 2018 | 0.68x | CHF323.70 Million | CHF219.00 Million | ▼ -6.2% |
| 2017 | 0.72x | CHF161.30 Million | CHF116.40 Million | ▲ +45.3% |
| 2016 | 0.50x | CHF245.50 Million | CHF121.90 Million | ▼ -14.4% |
| 2015 | 0.58x | CHF191.40 Million | CHF111.00 Million | ▼ -0.7% |
| 2014 | 0.58x | CHF149.97 Million | CHF87.63 Million | ▼ -19.1% |
| 2013 | 0.72x | CHF112.76 Million | CHF81.40 Million | ▲ +45.0% |
| 2012 | 0.50x | CHF141.48 Million | CHF70.43 Million | ▼ -9.2% |
| 2011 | 0.55x | CHF127.80 Million | CHF70.06 Million | ▲ +41.9% |
| 2010 | 0.39x | CHF179.59 Million | CHF69.37 Million | ▼ -25.4% |
| 2009 | 0.52x | CHF117.99 Million | CHF61.08 Million | ▼ -7.2% |
| 2008 | 0.56x | CHF89.31 Million | CHF49.79 Million | ▲ +62.7% |
| 2007 | 0.34x | CHF128.39 Million | CHF43.99 Million | ▼ -5.8% |
| 2006 | 0.36x | CHF112.99 Million | CHF41.10 Million | ▼ -9.9% |
| 2005 | 0.40x | CHF119.55 Million | CHF48.25 Million | ▼ -83.1% |
| 2004 | 2.39x | CHF42.17 Million | CHF100.82 Million | ▲ +216.9% |
| 2003 | 0.75x | CHF107.76 Million | CHF81.31 Million | ▲ +15.0% |
| 2002 | 0.66x | CHF100.03 Million | CHF65.64 Million | — |