Deutsche Lufthansa AG (LHA) — 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). Check tangible net worth ratio of Deutsche Lufthansa AG to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Deutsche Lufthansa AG Capital Reinvestment Ratio (2005–2025)
This chart tracks Deutsche Lufthansa AG's Capital Reinvestment Ratio across 20 annual periods. For the full cash flow conversion analysis, see Deutsche Lufthansa AG (LHA) cash flow conversion.
Annual Capital Reinvestment Ratio for Deutsche Lufthansa AG (2005–2025)
Year-by-year Capital Reinvestment Ratio for Deutsche Lufthansa AG from 2005 to 2025. See cash generation quality of Deutsche Lufthansa AG to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |