North American Construction Group Ltd (NOA) — Capital Reinvestment Ratio
North American Construction Group Ltd (NOA) has a Capital Reinvestment Ratio of 0.88x as of December 2025, meaning it reinvests 1% of its operating cash flow (CA$53.55 Million) in capital expenditures (CA$47.24 Million). See NOA free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
North American Construction Group Ltd Capital Reinvestment Ratio (1999–2025)
This chart tracks North American Construction Group Ltd's Capital Reinvestment Ratio across 24 annual periods.
Annual Capital Reinvestment Ratio for North American Construction Group Ltd (1999–2025)
Year-by-year Capital Reinvestment Ratio for North American Construction Group Ltd from 1999 to 2025. For live market cap and broader valuation context, see North American Construction Group Ltd (NOA) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.10x | CA$254.54 Million | CA$281.10 Million | ▼ -15.5% |
| 2024 | 1.31x | CA$217.61 Million | CA$284.34 Million | ▲ +78.6% |
| 2023 | 0.73x | CA$278.09 Million | CA$203.49 Million | ▲ +7.4% |
| 2022 | 0.68x | CA$169.20 Million | CA$115.26 Million | ▼ -1.1% |
| 2021 | 0.69x | CA$165.18 Million | CA$113.79 Million | ▼ -13.7% |
| 2020 | 0.80x | CA$147.27 Million | CA$117.57 Million | ▼ -19.9% |
| 2019 | 1.00x | CA$157.94 Million | CA$157.45 Million | ▲ +33.8% |
| 2018 | 0.74x | CA$109.37 Million | CA$81.46 Million | ▼ -31.2% |
| 2017 | 1.08x | CA$49.74 Million | CA$53.88 Million | ▲ +57.6% |
| 2016 | 0.69x | CA$39.83 Million | CA$27.38 Million | ▲ +59.3% |
| 2015 | 0.43x | CA$77.10 Million | CA$33.27 Million | ▼ -50.8% |
| 2014 | 0.88x | CA$41.23 Million | CA$36.14 Million | ▲ +164.7% |
| 2013 | 0.33x | CA$103.23 Million | CA$34.18 Million | ▼ -20.0% |
| 2012 | 0.41x | CA$91.12 Million | CA$37.72 Million | ▼ -59.9% |
| 2011 | 1.03x | CA$63.27 Million | CA$65.30 Million | ▼ -20.1% |
| 2009 | 1.29x | CA$42.87 Million | CA$55.35 Million | ▲ +116.4% |
| 2008 | 0.60x | CA$157.78 Million | CA$94.14 Million | ▼ -5.0% |
| 2007 | 0.63x | CA$97.60 Million | CA$61.28 Million | ▼ -94.3% |
| 2006 | 10.95x | CA$10.05 Million | CA$110.02 Million | ▲ +1177.7% |
| 2005 | 0.86x | CA$33.87 Million | CA$29.01 Million | ▲ +99.2% |
| 2003 | 0.43x | CA$17.99 Million | CA$7.74 Million | ▼ -51.7% |
| 2002 | 0.89x | CA$25.73 Million | CA$22.93 Million | ▼ -69.3% |
| 2001 | 2.90x | CA$2.99 Million | CA$8.67 Million | ▲ +309.3% |
| 1999 | 0.71x | CA$22.04 Million | CA$15.62 Million | — |