Headwater Exploration Inc (HWX) — Capital Reinvestment Ratio
Headwater Exploration Inc (HWX) has a Capital Reinvestment Ratio of 1.67x as of March 2026, meaning it reinvests 2% of its operating cash flow (CA$40.07 Million) in capital expenditures (CA$66.74 Million). Check Headwater Exploration Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Headwater Exploration Inc Capital Reinvestment Ratio (1997–2025)
This chart tracks Headwater Exploration Inc's Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Headwater Exploration Inc.
Annual Capital Reinvestment Ratio for Headwater Exploration Inc (1997–2025)
Year-by-year Capital Reinvestment Ratio for Headwater Exploration Inc from 1997 to 2025. See Headwater Exploration Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.63x | CA$299.14 Million | CA$187.12 Million | ▼ -11.1% |
| 2024 | 0.70x | CA$316.74 Million | CA$222.87 Million | ▼ -11.1% |
| 2023 | 0.79x | CA$303.32 Million | CA$240.07 Million | ▼ -9.7% |
| 2022 | 0.88x | CA$283.93 Million | CA$248.92 Million | ▼ -30.3% |
| 2021 | 1.26x | CA$111.66 Million | CA$140.39 Million | ▼ -99.2% |
| 2020 | 152.43x | CA$230.00K | CA$35.06 Million | ▲ +197074.8% |
| 2019 | 0.08x | CA$8.86 Million | CA$685.00K | ▼ -59.3% |
| 2018 | 0.19x | CA$11.87 Million | CA$2.25 Million | ▲ +102.5% |
| 2017 | 0.09x | CA$1.08 Million | CA$101.00K | ▼ -20.1% |
| 2016 | 0.12x | CA$3.58 Million | CA$420.00K | ▲ +129.3% |
| 2015 | 0.05x | CA$7.80 Million | CA$399.00K | ▼ -96.6% |
| 2014 | 1.50x | CA$12.80 Million | CA$19.19 Million | ▲ +1251.3% |
| 2013 | 0.11x | CA$9.68 Million | CA$1.07 Million | ▲ +190.2% |
| 2012 | 0.04x | CA$5.26 Million | CA$201.00K | ▼ -95.5% |
| 2011 | 0.84x | CA$10.63 Million | CA$8.95 Million | ▼ -45.4% |
| 2010 | 1.54x | CA$14.18 Million | CA$21.87 Million | ▲ +31.6% |
| 2009 | 1.17x | CA$32.71 Million | CA$38.36 Million | ▼ -22.4% |
| 2008 | 1.51x | CA$52.78 Million | CA$79.73 Million | ▼ -79.5% |
| 2007 | 7.36x | CA$15.38 Million | CA$113.15 Million | ▼ -87.0% |
| 2006 | 56.60x | CA$529.00K | CA$29.94 Million | ▲ +778.9% |
| 2005 | 6.44x | CA$2.04 Million | CA$13.16 Million | ▲ +58303.4% |
| 2004 | 0.01x | CA$1.47 Million | CA$16.24K | ▼ -82.5% |
| 2003 | 0.06x | CA$342.52K | CA$21.56K | ▼ -99.6% |
| 2002 | 15.63x | CA$322.16K | CA$5.03 Million | ▲ +60.2% |
| 1998 | 9.75x | CA$372.77K | CA$3.64 Million | ▲ +11148.7% |
| 1997 | 0.09x | CA$336.35K | CA$29.16K | — |