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.
Capital Clean Energy Carriers Corp.
Physical assets are 86.6% of total assets, a heavy footprint. Capex is 2.87x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -0.47x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 0.06x.
Physical asset ratio
86.6%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.58BpropertyPlantAndEquipmentNetInventory$4.20MinventoryTotal assets$4.14BtotalAssetsResult 86.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.06xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$203.67MtotalRevenueNet PP&E$3.58BpropertyPlantAndEquipmentNetResult 0.06x
Revenue per dollar of the physical asset base.
Capex / D&A
2.87xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$315.34McapitalExpendituresD&A$109.80MdepreciationAndAmortizationResult 2.87x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$23.40Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.14BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$75.37MintangibleAssetsLiabilities$2.67BtotalLiabTangible book$1.39BShares59,309,263commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $23.40
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.88xPrice / tangible bookPrice / tangible book per sharePrice$20.59Latest quoteTangible book / share$23.402025-12-31Result 0.88x
Price $20.59.
Fixed-charge coverage
-0.47xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$218.53MebitdaCapex$315.34McapitalExpendituresInterest$84.63MinterestExpenseShort-term debt$122.14MshortLongTermDebtEBITDA − capex-$96.81MPrincipal due is the current portion of debt.Result -0.47x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-5.9%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$73.28MfreeCashFlowMarket cap$1.25BMarketCapitalizationResult -5.9%
Latest free cash flow divided by current market cap ($1.25B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$106.55MoperatingIncomeTax expense—Not reportedPretax income$52.98MincomeBeforeTaxTax rate—Equity$1.46BtotalStockholderEquityDebt$2.42BshortLongTermDebtTotalCash$310.74McashInvested capital$3.58BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.03x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 42.4%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$586.10MpropertyPlantAndEquipmentNetInventory$1.52MinventoryTotal assets$1.39BtotalAssetsResult 42.4% | 0.23xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$131.98MtotalRevenueNet PP&E$586.10MpropertyPlantAndEquipmentNetResult 0.23x | 0.05xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$2.43McapitalExpendituresD&A$47.19MdepreciationAndAmortizationResult 0.05x | $45.34Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.39BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$60.66MintangibleAssetsLiabilities$503.93MtotalLiabTangible book$820.66MShares18,100,472commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $45.34 | 1.13xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$86.50MebitdaCapex$2.43McapitalExpendituresInterest$18.96MinterestExpenseShort-term debt$55.22MshortTermDebtEBITDA − capex$84.07MPrincipal due is short-term debt.Result 1.13x | $95.39MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$97.82MtotalCashFromOperatingActivitiesCapex$2.43McapitalExpendituresFree cash flow$95.39MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $95.39M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$39.31MoperatingIncomeTax expense-$352.00KincomeTaxExpensePretax income-$7.61MincomeBeforeTaxTax rate—Equity$865.88MtotalStockholderEquityDebt$291.41MshortLongTermDebtTotalCash$21.20McashInvested capital$1.14BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.07xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$39.31MoperatingIncomeNet PP&E$586.10MpropertyPlantAndEquipmentNetResult 0.07x |
| 2019 | 82.2%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$576.89MpropertyPlantAndEquipmentNetInventory$1.47MinventoryTotal assets$703.46MtotalAssetsResult 82.2% | 0.21xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$122.75MtotalRevenueNet PP&E$576.89MpropertyPlantAndEquipmentNetResult 0.21x | 0.15xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$6.52McapitalExpendituresD&A$43.64MdepreciationAndAmortizationResult 0.15x | $19.83Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$703.46MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$46.28MintangibleAssetsLiabilities$296.73MtotalLiabTangible book$360.46MShares18,178,144commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $19.83 | 1.75xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$83.77MebitdaCapex$6.52McapitalExpendituresInterest$17.04MinterestExpenseShort-term debt$27.00MshortTermDebtEBITDA − capex$77.25MPrincipal due is short-term debt.Result 1.75x | $46.88MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$53.39MtotalCashFromOperatingActivitiesCapex$6.52McapitalExpendituresFree cash flow$46.88MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $46.88M | 6.6%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$40.13MoperatingIncomeTax expense$236.00KincomeTaxExpensePretax income$24.42MincomeBeforeTaxTax rate1.0%Equity$398.17MtotalStockholderEquityDebt$258.99MshortLongTermDebtTotalCash$57.96McashInvested capital$599.19MResult 6.6% | 0.07xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$40.13MoperatingIncomeNet PP&E$576.89MpropertyPlantAndEquipmentNetResult 0.07x |
| 2020 | 87.1%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$712.20MpropertyPlantAndEquipmentNetInventory$3.53MinventoryTotal assets$822.20MtotalAssetsResult 87.1% | 0.20xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$140.87MtotalRevenueNet PP&E$712.20MpropertyPlantAndEquipmentNetResult 0.20x | 3.49xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$185.25McapitalExpendituresD&A$53.10MdepreciationAndAmortizationResult 3.49x | $21.30Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$822.20MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$34.58MintangibleAssetsLiabilities$400.12MtotalLiabTangible book$387.50MShares18,194,186commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $21.30 | -1.62xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$100.34MebitdaCapex$185.25McapitalExpendituresInterest$16.74MinterestExpenseShort-term debt$35.81MshortTermDebtEBITDA − capex-$84.90MPrincipal due is short-term debt.Result -1.62x | -$109.33MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$75.92MtotalCashFromOperatingActivitiesCapex$185.25McapitalExpendituresFree cash flow-$109.33MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$109.33M | 6.3%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$47.24MoperatingIncomeTax expense$558.00KincomeTaxExpensePretax income$30.37MincomeBeforeTaxTax rate1.8%Equity$413.26MtotalStockholderEquityDebt$374.32MshortLongTermDebtTotalCash$47.34McashInvested capital$740.25MResult 6.3% | 0.07xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$47.24MoperatingIncomeNet PP&E$712.20MpropertyPlantAndEquipmentNetResult 0.07x |
| 2021 | 94.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.78BpropertyPlantAndEquipmentNetInventory$5.01MinventoryTotal assets$1.89BtotalAssetsResult 94.8% | 0.10xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$184.67MtotalRevenueNet PP&E$1.78BpropertyPlantAndEquipmentNetResult 0.10x | 6.79xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$368.10McapitalExpendituresD&A$54.22MdepreciationAndAmortizationResult 6.79x | $26.00Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.89BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$48.61MintangibleAssetsLiabilities$1.36BtotalLiabTangible book$476.86MShares18,342,413commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $26.00 | -2.06xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$125.47MebitdaCapex$368.10McapitalExpendituresInterest$20.13MinterestExpenseShort-term debt$97.88MshortTermDebtEBITDA − capex-$242.63MPrincipal due is short-term debt.Result -2.06x | -$263.06MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow$105.03MtotalCashFromOperatingActivitiesCapex$368.10McapitalExpendituresFree cash flow-$263.06MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$263.06M | 3.8%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$71.25MoperatingIncomeTax expense$3.84MincomeTaxExpensePretax income$98.18MincomeBeforeTaxTax rate3.9%Equity$515.00MtotalStockholderEquityDebt$1.31BshortLongTermDebtTotalCash$20.37McashInvested capital$1.80BResult 3.8% | 0.04xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$71.25MoperatingIncomeNet PP&E$1.78BpropertyPlantAndEquipmentNetResult 0.04x |
| 2022 | 89.6%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.78BpropertyPlantAndEquipmentNetInventory$6.82MinventoryTotal assets$2.00BtotalAssetsResult 89.6% | 0.17xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$299.07MtotalRevenueNet PP&E$1.78BpropertyPlantAndEquipmentNetResult 0.17x | 1.74xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$141.23McapitalExpendituresD&A$81.28MdepreciationAndAmortizationResult 1.74x | $31.36Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.00BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$32.32MintangibleAssetsLiabilities$1.36BtotalLiabTangible book$606.11MShares19,325,030commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $31.36 | 0.59xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$216.70MebitdaCapex$141.23McapitalExpendituresInterest$55.42MinterestExpenseShort-term debt$73.21MshortTermDebtEBITDA − capex$75.47MPrincipal due is short-term debt.Result 0.59x | $26.99MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$168.22MtotalCashFromOperatingActivitiesCapex$141.23McapitalExpendituresFree cash flow$26.99MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $26.99M | 7.3%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$135.42MoperatingIncomeTax expense$5.82MincomeTaxExpensePretax income$125.42MincomeBeforeTaxTax rate4.6%Equity$626.01MtotalStockholderEquityDebt$1.29BshortLongTermDebtTotalCash$144.64McashInvested capital$1.77BResult 7.3% | 0.08xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$135.42MoperatingIncomeNet PP&E$1.78BpropertyPlantAndEquipmentNetResult 0.08x |
| 2023 | 76.1%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.39BpropertyPlantAndEquipmentNetInventory$3.00MinventoryTotal assets$3.14BtotalAssetsResult 76.1% | 0.15xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$360.59MtotalRevenueNet PP&E$2.39BpropertyPlantAndEquipmentNetResult 0.15x | 8.99xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$451.60McapitalExpendituresD&A$50.22MdepreciationAndAmortizationResult 8.99x | $51.53Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.14BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$83.39MintangibleAssetsLiabilities$1.97BtotalLiabTangible book$1.09BShares21,182,471commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $51.53 | -1.26xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$202.29MebitdaCapex$451.60McapitalExpendituresInterest$104.86MinterestExpenseShort-term debt$93.46MshortTermDebtEBITDA − capex-$249.31MPrincipal due is short-term debt.Result -1.26x | -$262.22MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$189.38MtotalCashFromOperatingActivitiesCapex$451.60McapitalExpendituresFree cash flow-$262.22MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$262.22M | 5.5%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$150.84MoperatingIncomeTax expense$1.61MincomeTaxExpensePretax income$47.21MincomeBeforeTaxTax rate3.4%Equity$1.16BtotalStockholderEquityDebt$1.68BshortLongTermDebtTotalCash$192.42McashInvested capital$2.65BResult 5.5% | 0.06xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$150.84MoperatingIncomeNet PP&E$2.39BpropertyPlantAndEquipmentNetResult 0.06x |
| 2024 | 87.2%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.58BpropertyPlantAndEquipmentNetInventory$4.84MinventoryTotal assets$4.11BtotalAssetsResult 87.2% | 0.10xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$369.41MtotalRevenueNet PP&E$3.58BpropertyPlantAndEquipmentNetResult 0.10x | 11.77xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$1.20BcapitalExpendituresD&A$102.02MdepreciationAndAmortizationResult 11.77x | $22.13Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.11BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$101.57MintangibleAssetsLiabilities$2.77BtotalLiabTangible book$1.24BShares56,095,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $22.13 | -3.37xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$296.46MebitdaCapex$1.20BcapitalExpendituresInterest$139.83MinterestExpenseShort-term debt$128.38MshortTermDebtEBITDA − capex-$904.74MPrincipal due is short-term debt.Result -3.37x | -$960.68MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$240.52MtotalCashFromOperatingActivitiesCapex$1.20BcapitalExpendituresFree cash flow-$960.68MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$960.68M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$191.13MoperatingIncomeTax expense—Not reportedPretax income$54.61MincomeBeforeTaxTax rate—Equity$1.34BtotalStockholderEquityDebt$2.58BshortLongTermDebtTotalCash$313.99McashInvested capital$3.61BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.05xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income$191.13MoperatingIncomeNet PP&E$3.58BpropertyPlantAndEquipmentNetResult 0.05x |
| 2025 | 86.6%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.58BpropertyPlantAndEquipmentNetInventory$4.20MinventoryTotal assets$4.14BtotalAssetsResult 86.6% | 0.06xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$203.67MtotalRevenueNet PP&E$3.58BpropertyPlantAndEquipmentNetResult 0.06x | 2.87xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$315.34McapitalExpendituresD&A$109.80MdepreciationAndAmortizationResult 2.87x | $23.40Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.14BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$75.37MintangibleAssetsLiabilities$2.67BtotalLiabTangible book$1.39BShares59,309,263commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $23.40 | -0.47xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$218.53MebitdaCapex$315.34McapitalExpendituresInterest$84.63MinterestExpenseShort-term debt$122.14MshortLongTermDebtEBITDA − capex-$96.81MPrincipal due is the current portion of debt.Result -0.47x | -$73.28MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$242.06MtotalCashFromOperatingActivitiesCapex$315.34McapitalExpendituresFree cash flow-$73.28MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$73.28M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$106.55MoperatingIncomeTax expense—Not reportedPretax income$52.98MincomeBeforeTaxTax rate—Equity$1.46BtotalStockholderEquityDebt$2.42BshortLongTermDebtTotalCash$310.74McashInvested capital$3.58BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.03xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income$106.55MoperatingIncomeNet PP&E$3.58BpropertyPlantAndEquipmentNetResult 0.03x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $3.58B
Inventory: $4.20M
Total assets: $4.14B
Goodwill: $0.00
Intangibles: $75.37M
Liabilities: $2.67B
Tangible book: $1.39B
Shares: 59,309,263
Revenue: $203.67M
Capex: $315.34M
D&A: $109.80M
EBITDA: $218.53M
Interest: $84.63M
Short-term debt: $122.14M
Free cash flow: -$73.28M
Operating income: $106.55M
Invested capital: $3.58B
Tax rate: —