First Quantum Minerals Ltd (FM) — Capital Reinvestment Ratio
First Quantum Minerals Ltd (FM) has a Capital Reinvestment Ratio of 2.48x as of June 2026, meaning it reinvests 2% of its operating cash flow (CA$130.00 Million) in capital expenditures (CA$322.00 Million). Check tangible equity quality of First Quantum Minerals Ltd to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see First Quantum Minerals Ltd cash conversion from operations.
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. See First Quantum Minerals Ltd free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.71x | CA$1.62 Billion | CA$1.15 Billion | ▼ -8.4% |
| 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 | — |