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.
Atlanticus Holdings Corporation
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 0.51x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.43x, which is below 1.
Fixed-asset turnover is 25.44x. Compare it with other names in the same basket.
Physical asset ratio
0.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
25.44x
Revenue per dollar of the physical asset base.
Capex / D&A
0.51x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$29.89
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
3.18x
Price $95.12.
Fixed-charge coverage
0.43x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
44.6%
Latest free cash flow divided by current market cap ($1.42B).
ROIC
1.8%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 5.77x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 25.0% | 53.02x | 1.40x | -$1.58 | 0.01x | $41.47M | 0.8% | 0.96x |
| 2019 | -144.1% | 24.23x | 0.03x | $2.64 | 0.05x | $99.71M | 3.9% | 1.89x |
| 2020 | -133.3% | 34.31x | 0.09x | $5.80 | 0.13x | $211.99M | 11.1% | 10.02x |
| 2021 | -120.0% | 39.99x | 2.84x | $15.67 | 0.16x | $205.28M | 13.3% | 19.34x |
| 2022 | 19.1% | 17.18x | 1.00x | $18.84 | 0.09x | $341.28M | 7.6% | 6.85x |
| 2023 | 15.0% | 16.07x | 0.99x | $20.78 | 0.74x | $455.33M | 4.9% | 5.65x |
| 2024 | 0.7% | 18.84x | 0.34x | $26.03 | 0.56x | $467.62M | 4.2% | 5.68x |
| 2025 | 0.4% | 25.44x | 0.51x | $29.89 | 0.43x | $632.94M | 1.8% | 5.77x |
- 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: $27.69M
Inventory: $0.00
Total assets: $7.62B
Goodwill: $0.00
Intangibles: $30.27M
Liabilities: $7.02B
Tangible book: $573.56M
Shares: 19,187,000
Revenue: $704.50M
Capex: $5.02M
D&A: $9.90M
EBITDA: $169.61M
Interest: $301.90M
Short-term debt: $79.71M
Free cash flow: $632.94M
Operating income: $159.71M
Invested capital: $6.53B
Tax rate: 24.5%