Aena SA Cash Flow Reinvestment Rate

Latest as of March 2026: 0.34x

Aena SA cash flow reinvestment rate. Aena SA (AENA) has a Cash Flow Reinvestment Rate of 0.34x as of March 2026, reinvesting €304.98 Million (capex €298.88 Million plus investments €-6.09 Million) from operating cash flow of €908.40 Million. Explore AENA debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Reinvestment Rate

0.34x
(Capex + Investments) / Operating CF

Total Reinvested

€304.98 Million
Capex + Investments

Operating Cash Flow

€908.40 Million
EUR

Capital Expenditures

€298.88 Million
EUR

Cash Flow Reinvestment Rate of Aena SA (2011–2025)

Cash flow reinvestment rate of Aena SA from 2011 to 2025. Historical reinvestment intensity for Aena SA across 15 annual periods. Explore Aena SA (AENA) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Aena SA Cash Flow Reinvestment Rate by Year (2011–2025)

Aena SA cash flow reinvestment rate by year from 2011 to 2025. Year-by-year capital reinvestment analysis for Aena SA. For the full cash flow conversion analysis, see cash efficiency ratio of Aena SA.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 0.38x €1.09 Billion €2.83 Billion €720.28 Million ▼ -35.2%
2024 0.59x €1.63 Billion €2.75 Billion €825.18 Million ▼ -34.5%
2023 0.91x €2.01 Billion €2.22 Billion €545.02 Million ▲ +21.3%
2022 0.75x €1.39 Billion €1.86 Billion €727.69 Million ▼ -69.2%
2021 2.43x €680.55 Million €280.47 Million €671.08 Million ▼ -33.7%
2020 3.66x €535.51 Million €146.24 Million €503.12 Million ▲ +655.0%
2019 0.49x €1.03 Billion €2.11 Billion €1.02 Billion ▲ +81.4%
2018 0.27x €520.70 Million €1.95 Billion €520.19 Million ▲ +42.5%
2017 0.19x €377.84 Million €2.01 Billion €370.41 Million ▼ -42.2%
2016 0.32x €595.68 Million €1.83 Billion €304.04 Million ▲ +99.9%
2015 0.16x €264.63 Million €1.63 Billion €254.66 Million ▼ -32.9%
2014 0.24x €326.06 Million €1.35 Billion €316.09 Million ▼ -42.3%
2013 0.42x €502.18 Million €1.20 Billion €492.21 Million ▼ -63.6%
2012 1.15x €814.98 Million €706.41 Million €814.98 Million ▲ +28.7%
2011 0.90x €591.64 Million €659.95 Million €591.64 Million —
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow