Advantage Oil & Gas Ltd. (AAV) — Capital Reinvestment Ratio
Advantage Oil & Gas Ltd. (AAV) has a Capital Reinvestment Ratio of 1.18x as of September 2025, meaning it reinvests 1% of its operating cash flow (CA$80.10 Million) in capital expenditures (CA$94.59 Million). See AAV equity financing ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Advantage Oil & Gas Ltd. Capital Reinvestment Ratio (1989–2024)
This chart tracks Advantage Oil & Gas Ltd.'s Capital Reinvestment Ratio across 30 annual periods. Check AAV total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Advantage Oil & Gas Ltd. (1989–2024)
Year-by-year Capital Reinvestment Ratio for Advantage Oil & Gas Ltd. from 1989 to 2024. For live market cap and broader valuation context, see AAV market cap overview.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.39x | CA$217.53 Million | CA$303.06 Million | ▲ +64.6% |
| 2023 | 0.85x | CA$323.35 Million | CA$273.62 Million | ▲ +75.8% |
| 2022 | 0.48x | CA$502.38 Million | CA$241.79 Million | ▼ -22.1% |
| 2021 | 0.62x | CA$223.15 Million | CA$137.84 Million | ▼ -60.8% |
| 2020 | 1.57x | CA$100.71 Million | CA$158.62 Million | ▲ +41.6% |
| 2019 | 1.11x | CA$156.06 Million | CA$173.64 Million | ▼ -16.6% |
| 2018 | 1.33x | CA$160.16 Million | CA$213.73 Million | ▲ +8.9% |
| 2017 | 1.23x | CA$186.40 Million | CA$228.43 Million | ▲ +68.4% |
| 2016 | 0.73x | CA$174.91 Million | CA$127.28 Million | ▼ -56.9% |
| 2015 | 1.69x | CA$113.36 Million | CA$191.49 Million | ▲ +36.9% |
| 2014 | 1.23x | CA$182.34 Million | CA$225.05 Million | ▲ +9.4% |
| 2013 | 1.13x | CA$165.02 Million | CA$186.24 Million | ▼ -40.2% |
| 2012 | 1.89x | CA$106.96 Million | CA$201.81 Million | ▲ +75.3% |
| 2011 | 1.08x | CA$218.18 Million | CA$234.79 Million | ▼ -2.4% |
| 2010 | 1.10x | CA$202.49 Million | CA$223.31 Million | ▲ +11.5% |
| 2009 | 0.99x | CA$172.69 Million | CA$170.87 Million | ▲ +41.4% |
| 2008 | 0.70x | CA$374.75 Million | CA$262.27 Million | ▲ +6.5% |
| 2007 | 0.66x | CA$249.13 Million | CA$163.74 Million | ▼ -0.3% |
| 2006 | 0.66x | CA$229.09 Million | CA$151.00 Million | ▲ +18.9% |
| 2005 | 0.55x | CA$186.61 Million | CA$103.44 Million | ▼ -74.6% |
| 2004 | 2.18x | CA$132.28 Million | CA$288.54 Million | ▲ +181.8% |
| 2003 | 0.77x | CA$98.47 Million | CA$76.21 Million | ▼ -20.3% |
| 2002 | 0.97x | CA$52.86 Million | CA$51.35 Million | ▲ +19.7% |
| 2001 | 0.81x | CA$11.95 Million | CA$9.70 Million | ▲ +28.4% |
| 1996 | 0.63x | CA$75.84 Million | CA$47.94 Million | ▼ -43.1% |
| 1995 | 1.11x | CA$50.00 Million | CA$55.59 Million | ▼ -72.0% |
| 1993 | 3.96x | CA$19.63 Million | CA$77.84 Million | ▼ -47.0% |
| 1991 | 7.48x | CA$3.21 Million | CA$24.05 Million | ▲ +5386.4% |
| 1990 | 0.14x | CA$43.25 Million | CA$5.90 Million | ▼ -77.1% |
| 1989 | 0.59x | CA$38.36 Million | CA$22.81 Million | — |