Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Charter Communications Inc. Cl A
Physical assets are 30.1% of total assets, a mixed footprint. Capex is 1.34x depreciation, so the physical base is being replaced or expanded. ROIC is 9.2%, above an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 1.18x.
Physical asset ratio
30.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.18x
Revenue per dollar of the physical asset base.
Capex / D&A
1.34x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$559.75
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $112.08.
Fixed-charge coverage
1.42x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
—
Latest free cash flow divided by current market cap.
ROIC
9.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.29x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 23.6% | 1.24x | 0.88x | -$265.97 | 1.95x | $2.64B | 4.5% | 0.16x |
| 2019 | 23.7% | 1.28x | 0.72x | -$294.75 | 1.19x | $4.55B | 5.0% | 0.19x |
| 2020 | 24.3% | 1.35x | 0.81x | -$349.28 | 1.96x | $6.68B | 6.8% | 0.24x |
| 2021 | 24.8% | 1.45x | 0.82x | -$433.42 | 1.66x | $8.60B | 8.5% | 0.30x |
| 2022 | 25.8% | 1.45x | 0.99x | -$529.99 | 1.90x | $6.10B | 9.0% | 0.33x |
| 2023 | 26.8% | 1.38x | 1.26x | -$553.35 | 1.29x | $3.49B | 8.8% | 0.32x |
| 2024 | 28.6% | 1.28x | 1.30x | -$539.36 | 1.26x | $3.16B | 9.3% | 0.31x |
| 2025 | 30.1% | 1.18x | 1.34x | -$559.75 | 1.42x | $4.42B | 9.2% | 0.29x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $46.44B
Inventory: $0.00
Total assets: $154.21B
Goodwill: $29.71B
Intangibles: $67.91B
Liabilities: $133.69B
Tangible book: -$77.10B
Shares: 137,744,000
Revenue: $54.77B
Capex: $11.66B
D&A: $8.71B
EBITDA: $21.21B
Interest: $5.04B
Short-term debt: $1.67B
Free cash flow: $4.42B
Operating income: $13.34B
Invested capital: $112.70B
Tax rate: 22.7%