First Quantum Minerals Ltd (FM) — Capital Reinvestment Ratio
First Quantum Minerals Ltd (FM) has a Capital Reinvestment Ratio of 0.55x as of December 2025, meaning it reinvests 1% of its operating cash flow (CA$2.08 Billion) in capital expenditures (CA$1.13 Billion). See FM equity financing ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
First Quantum Minerals Ltd Capital Reinvestment Ratio (1999–2025)
This chart tracks First Quantum Minerals Ltd's Capital Reinvestment Ratio across 25 annual periods. Check FM capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for First Quantum Minerals Ltd (1999–2025)
Year-by-year Capital Reinvestment Ratio for First Quantum Minerals Ltd from 1999 to 2025. For live market cap and broader valuation context, see market cap of First Quantum Minerals Ltd.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.55x | CA$2.08 Billion | CA$1.13 Billion | ▼ -30.0% |
| 2024 | 0.78x | CA$1.65 Billion | CA$1.29 Billion | ▼ -14.5% |
| 2023 | 0.91x | CA$1.43 Billion | CA$1.30 Billion | ▲ +82.0% |
| 2022 | 0.50x | CA$2.33 Billion | CA$1.17 Billion | ▲ +45.1% |
| 2021 | 0.34x | CA$2.88 Billion | CA$995.00 Million | ▼ -8.8% |
| 2020 | 0.38x | CA$1.61 Billion | CA$610.00 Million | ▼ -76.9% |
| 2019 | 1.64x | CA$889.00 Million | CA$1.46 Billion | ▲ +51.2% |
| 2018 | 1.08x | CA$1.98 Billion | CA$2.14 Billion | ▼ -40.1% |
| 2017 | 1.81x | CA$914.00 Million | CA$1.65 Billion | ▲ +46.2% |
| 2016 | 1.24x | CA$923.00 Million | CA$1.14 Billion | ▼ -5.9% |
| 2015 | 1.31x | CA$1.19 Billion | CA$1.56 Billion | ▼ -63.1% |
| 2014 | 3.56x | CA$743.60 Million | CA$2.65 Billion | ▲ +18.9% |
| 2013 | 2.99x | CA$868.80 Million | CA$2.60 Billion | ▼ -25.3% |
| 2012 | 4.01x | CA$342.50 Million | CA$1.37 Billion | ▲ +57.5% |
| 2011 | 2.55x | CA$412.30 Million | CA$1.05 Billion | ▲ +436.4% |
| 2010 | 0.47x | CA$761.30 Million | CA$361.30 Million | ▼ -26.2% |
| 2009 | 0.64x | CA$562.60 Million | CA$361.80 Million | ▲ +6.9% |
| 2008 | 0.60x | CA$765.40 Million | CA$460.30 Million | ▲ +1.8% |
| 2007 | 0.59x | CA$540.80 Million | CA$319.60 Million | ▲ +6.0% |
| 2006 | 0.56x | CA$549.88 Million | CA$306.61 Million | ▼ -37.5% |
| 2005 | 0.89x | CA$235.49 Million | CA$210.06 Million | ▼ -85.8% |
| 2004 | 6.30x | CA$30.69 Million | CA$193.25 Million | ▲ +146.8% |
| 2003 | 2.55x | CA$15.92 Million | CA$40.62 Million | ▼ -26.2% |
| 2001 | 3.46x | CA$6.54 Million | CA$22.60 Million | ▲ +1341.8% |
| 1999 | 0.24x | CA$9.91 Million | CA$2.38 Million | — |