Deutsche Lufthansa AG Capital Reinvestment Ratio
Deutsche Lufthansa AG capital reinvestment ratio. Deutsche Lufthansa AG (LHA) has a Capital Reinvestment Ratio of 0.57x as of March 2026, meaning it reinvests 1% of its operating cash flow (€1.97 Billion) in capital expenditures (€1.12 Billion). See LHA 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
Capital Reinvestment Ratio of Deutsche Lufthansa AG (2005–2025)
Capital reinvestment ratio of Deutsche Lufthansa AG from 2005 to 2025. This chart tracks Deutsche Lufthansa AG's Capital Reinvestment Ratio across 20 annual periods. See LHA financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Deutsche Lufthansa AG Capital Reinvestment Ratio by Year (2005–2025)
Deutsche Lufthansa AG capital reinvestment ratio by year from 2005 to 2025. For the full cash flow conversion analysis, see cash efficiency ratio of Deutsche Lufthansa AG.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.20x | €3.74 Billion | €4.47 Billion | ▲ +19.5% |
| 2024 | 1.00x | €3.89 Billion | €3.90 Billion | ▲ +21.3% |
| 2023 | 0.83x | €4.91 Billion | €4.05 Billion | ▲ +70.1% |
| 2022 | 0.49x | €5.17 Billion | €2.51 Billion | ▼ -77.2% |
| 2021 | 2.13x | €618.00 Million | €1.32 Billion | ▲ +131.2% |
| 2019 | 0.92x | €4.03 Billion | €3.72 Billion | ▼ -7.5% |
| 2018 | 1.00x | €4.11 Billion | €4.10 Billion | ▲ +56.2% |
| 2017 | 0.64x | €5.04 Billion | €3.21 Billion | ▼ -14.5% |
| 2016 | 0.75x | €3.25 Billion | €2.42 Billion | ▼ -10.2% |
| 2015 | 0.83x | €3.39 Billion | €2.82 Billion | ▼ -41.3% |
| 2014 | 1.42x | €1.98 Billion | €2.80 Billion | ▲ +87.6% |
| 2013 | 0.75x | €3.29 Billion | €2.48 Billion | ▼ -11.1% |
| 2012 | 0.85x | €2.84 Billion | €2.41 Billion | ▼ -21.0% |
| 2011 | 1.07x | €2.36 Billion | €2.53 Billion | ▲ +43.8% |
| 2010 | 0.75x | €3.08 Billion | €2.30 Billion | ▼ -37.2% |
| 2009 | 1.19x | €1.99 Billion | €2.37 Billion | ▲ +49.5% |
| 2008 | 0.80x | €2.47 Billion | €1.97 Billion | ▲ +25.4% |
| 2007 | 0.63x | €2.86 Billion | €1.81 Billion | ▼ -12.4% |
| 2006 | 0.72x | €2.10 Billion | €1.52 Billion | ▲ +13.3% |
| 2005 | 0.64x | €1.96 Billion | €1.25 Billion | — |