Novartis AG (NOVN) — Capital Reinvestment Ratio
Novartis AG (NOVN) has a Capital Reinvestment Ratio of 0.09x as of March 2026, meaning it reinvests 0% of its operating cash flow (CHF3.60 Billion) in capital expenditures (CHF338.45 Million). See how leveraged is Novartis AG's balance sheet to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Novartis AG Capital Reinvestment Ratio (1998–2025)
This chart tracks Novartis AG's Capital Reinvestment Ratio across 28 annual periods. Check Novartis AG investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Novartis AG (1998–2025)
Year-by-year Capital Reinvestment Ratio for Novartis AG from 1998 to 2025. For live market cap and broader valuation context, see NOVN market cap overview.
| Year | Reinvestment Ratio | Operating CF (CHF) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.08x | CHF20.05 Billion | CHF1.62 Billion | ▼ -62.6% |
| 2024 | 0.22x | CHF17.62 Billion | CHF3.81 Billion | ▲ +13.7% |
| 2023 | 0.19x | CHF14.46 Billion | CHF2.75 Billion | ▲ +1.5% |
| 2022 | 0.19x | CHF14.24 Billion | CHF2.67 Billion | ▼ -4.8% |
| 2021 | 0.20x | CHF15.07 Billion | CHF2.97 Billion | ▲ +4.1% |
| 2020 | 0.19x | CHF13.65 Billion | CHF2.58 Billion | ▲ +14.3% |
| 2019 | 0.17x | CHF13.62 Billion | CHF2.26 Billion | ▼ -29.5% |
| 2018 | 0.24x | CHF14.27 Billion | CHF3.35 Billion | ▲ +8.0% |
| 2017 | 0.22x | CHF12.62 Billion | CHF2.75 Billion | ▼ -13.3% |
| 2016 | 0.25x | CHF11.47 Billion | CHF2.88 Billion | ▼ -22.5% |
| 2015 | 0.32x | CHF11.90 Billion | CHF3.85 Billion | ▲ +21.5% |
| 2014 | 0.27x | CHF13.90 Billion | CHF3.70 Billion | ▼ -7.0% |
| 2013 | 0.29x | CHF13.17 Billion | CHF3.77 Billion | ▲ +23.1% |
| 2012 | 0.23x | CHF14.19 Billion | CHF3.31 Billion | ▲ +39.6% |
| 2011 | 0.17x | CHF14.31 Billion | CHF2.39 Billion | ▲ +5.1% |
| 2010 | 0.16x | CHF14.07 Billion | CHF2.23 Billion | ▼ -29.2% |
| 2009 | 0.22x | CHF12.19 Billion | CHF2.73 Billion | ▼ -5.4% |
| 2008 | 0.24x | CHF9.77 Billion | CHF2.32 Billion | ▼ -30.3% |
| 2007 | 0.34x | CHF9.21 Billion | CHF3.13 Billion | ▲ +27.6% |
| 2006 | 0.27x | CHF8.71 Billion | CHF2.32 Billion | ▲ +39.2% |
| 2005 | 0.19x | CHF8.08 Billion | CHF1.55 Billion | ▼ -11.1% |
| 2004 | 0.22x | CHF6.72 Billion | CHF1.45 Billion | ▼ -7.0% |
| 2003 | 0.23x | CHF6.65 Billion | CHF1.54 Billion | ▲ +14.0% |
| 2002 | 0.20x | CHF5.83 Billion | CHF1.19 Billion | ▲ +10.6% |
| 2001 | 0.18x | CHF4.43 Billion | CHF815.00 Million | ▲ +3.5% |
| 2000 | 0.18x | CHF4.64 Billion | CHF825.00 Million | ▼ -10.6% |
| 1999 | 0.20x | CHF4.33 Billion | CHF862.00 Million | ▼ -24.7% |
| 1998 | 0.26x | CHF4.28 Billion | CHF1.13 Billion | — |