Norsk Hydro ASA (NOHA) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.69x

Norsk Hydro ASA (NOHA) has a Cash Flow Reinvestment Rate of 0.69x as of December 2025, reinvesting €5.50 Billion (capex €4.06 Billion plus investments €-1.44 Billion) from operating cash flow of €7.99 Billion. Check NOHA cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.69x
(Capex + Investments) / Operating CF

Total Reinvested

€5.50 Billion
Capex + Investments

Operating Cash Flow

€7.99 Billion
EUR

Capital Expenditures

€4.06 Billion
EUR

Norsk Hydro ASA Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Norsk Hydro ASA across 10 annual periods. Explore Norsk Hydro ASA (NOHA) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Annual Cash Flow Reinvestment Rate for Norsk Hydro ASA (2016–2025)

Year-by-year capital reinvestment analysis for Norsk Hydro ASA. For live market cap and broader valuation context, see market value of Norsk Hydro ASA.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 0.78x €18.21 Billion €23.31 Billion €11.58 Billion ▼ -14.0%
2024 0.91x €13.96 Billion €15.36 Billion €13.55 Billion ▼ -23.9%
2023 1.19x €32.63 Billion €27.31 Billion €13.00 Billion ▲ +225.1%
2022 0.37x €10.78 Billion €29.34 Billion €9.60 Billion ▼ -24.1%
2021 0.48x €6.94 Billion €14.33 Billion €6.02 Billion ▼ -22.1%
2020 0.62x €7.93 Billion €12.76 Billion €5.53 Billion ▼ -16.7%
2019 0.75x €9.36 Billion €12.55 Billion €8.73 Billion ▼ -31.1%
2018 1.08x €7.61 Billion €7.03 Billion €7.22 Billion ▲ +2.7%
2017 1.05x €15.13 Billion €14.35 Billion €7.30 Billion ▼ -9.7%
2016 1.17x €11.69 Billion €10.02 Billion €6.91 Billion
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow