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.
Cheetah Net Supply Chain Service Inc. Class A Common Stock
Physical assets are 12.9% of total assets, a light footprint. Capex is 0.00x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -18.44x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 0.85x.
Physical asset ratio
12.9%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.52MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$11.86MtotalAssetsInventory was not reported and is treated as zero.Result 12.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.85xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$1.29MtotalRevenueNet PP&E$1.52MpropertyPlantAndEquipmentNetResult 0.85x
Revenue per dollar of the physical asset base.
Capex / D&A
0.00xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$5.00capitalExpendituresD&A$736.62KdepreciationAndAmortizationResult 0.00x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$74.34KTangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$11.86MtotalAssetsGoodwill$475.86KgoodWillIntangibles$792.57KintangibleAssetsLiabilities$2.50MtotalLiabTangible book$8.09MShares109commonStockSharesOutstandingResult $74.34K
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.00xPrice / tangible bookPrice / tangible book per sharePrice$2.04Latest quoteTangible book / share$74.34K2025-12-31Result 0.00x
Price $2.04.
Fixed-charge coverage
-18.44xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.86MebitdaCapex$5.00capitalExpendituresInterest$36.72KinterestExpenseShort-term debt$118.55KshortLongTermDebtEBITDA − capex-$2.86MPrincipal due is the current portion of debt.Result -18.44x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-0.1%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$2.08KNot reportedMarket cap$2.75MMarketCapitalizationResult -0.1%
Latest free cash flow divided by current market cap ($2.75M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.84MoperatingIncomeTax expense$15.92KincomeTaxExpensePretax income-$3.63MincomeBeforeTaxTax rate—Equity$9.36MtotalStockholderEquityDebt$691.21KlongTermDebt + shortLongTermDebtCash$233.22KcashInvested capital$9.81MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC 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 -2.52x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2020 | 79.9%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$160.63KpropertyPlantAndEquipmentNetInventory$3.01MinventoryTotal assets$3.97MtotalAssetsResult 79.9% | 61.97xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$9.95MtotalRevenueNet PP&E$160.63KpropertyPlantAndEquipmentNetResult 61.97x | 0.00xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$4.00capitalExpendituresD&A$37.22KdepreciationAndAmortizationResult 0.00x | -$35.91KTangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.97MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$5.31MtotalLiabTangible book-$1.34MShares37commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$35.91K | -0.28xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$679.97KebitdaCapex$4.00capitalExpendituresInterest$322.82KinterestExpenseShort-term debt$2.11MshortTermDebtEBITDA − capex-$679.97KPrincipal due is short-term debt.Result -0.28x | $742.89KFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$742.89KtotalCashFromOperatingActivitiesCapex$4.00capitalExpendituresFree cash flow$742.89KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $742.89K | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$717.19KoperatingIncomeTax expense-$214.26KincomeTaxExpensePretax income-$1.03MincomeBeforeTaxTax rate—Equity-$1.34MtotalStockholderEquityDebt$2.44MshortLongTermDebtTotalCash$8.43KcashInvested capital$1.09MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -4.46xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$717.19KoperatingIncomeNet PP&E$160.63KpropertyPlantAndEquipmentNetResult -4.46x |
| 2021 | 89.6%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$309.65KpropertyPlantAndEquipmentNetInventory$16.05MinventoryTotal assets$18.26MtotalAssetsResult 89.6% | 126.61xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$39.20MtotalRevenueNet PP&E$309.65KpropertyPlantAndEquipmentNetResult 126.61x | 0.00xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$3.00capitalExpendituresD&A$87.79KdepreciationAndAmortizationResult 0.00x | -$4.57KTangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$18.26MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$18.43MtotalLiabTangible book-$170.43KShares37commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$4.57K | 0.17xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.52MebitdaCapex$3.00capitalExpendituresInterest$1.08MinterestExpenseShort-term debt$14.07MshortLongTermDebtEBITDA − capex$2.52MPrincipal due is the current portion of debt.Result 0.17x | -$1.31MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$1.31MtotalCashFromOperatingActivitiesCapex$3.00capitalExpendituresFree cash flow-$1.31MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.31M | 12.8%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$2.14MoperatingIncomeTax expense$223.87KincomeTaxExpensePretax income$1.39MincomeBeforeTaxTax rate16.1%Equity-$170.43KtotalStockholderEquityDebt$14.75MshortLongTermDebtTotalCash$500.98KcashInvested capital$14.08MResult 12.8% | 6.91xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$2.14MoperatingIncomeNet PP&E$309.65KpropertyPlantAndEquipmentNetResult 6.91x |
| 2022 | 41.5%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$140.15KpropertyPlantAndEquipmentNetInventory$5.97MinventoryTotal assets$14.72MtotalAssetsResult 41.5% | 393.54xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$55.15MtotalRevenueNet PP&E$140.15KpropertyPlantAndEquipmentNetResult 393.54x | 0.00xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$169.50KdepreciationAndAmortizationResult 0.00x | $49.43KTangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$14.72MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$12.87MtotalLiabTangible book$1.85MShares37commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $49.43K | 0.26xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$3.66MebitdaCapex$0.00capitalExpendituresInterest$2.49MinterestExpenseShort-term debt$11.34MshortLongTermDebtEBITDA − capex$3.66MPrincipal due is the current portion of debt.Result 0.26x | $2.19MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$2.19MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow$2.19MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $2.19M | 19.6%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$3.53MoperatingIncomeTax expense$234.48KincomeTaxExpensePretax income$1.05MincomeBeforeTaxTax rate22.3%Equity$1.85MtotalStockholderEquityDebt$12.17MshortLongTermDebtTotalCash$58.38KcashInvested capital$13.96MResult 19.6% | 25.17xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$3.53MoperatingIncomeNet PP&E$140.15KpropertyPlantAndEquipmentNetResult 25.17x |
| 2023 | 17.0%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$190.82KpropertyPlantAndEquipmentNetInventory$1.52MinventoryTotal assets$10.06MtotalAssetsResult 17.0% | 200.79xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$38.32MtotalRevenueNet PP&E$190.82KpropertyPlantAndEquipmentNetResult 200.79x | 0.00xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$5.00capitalExpendituresD&A$140.15KdepreciationAndAmortizationResult 0.00x | $23.02KTangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$10.06MtotalAssetsGoodwill$0.00goodWillIntangibles$0.00Not reported, treated as 0Liabilities$3.15MtotalLiabTangible book$6.90MShares300commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $23.02K | 0.50xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.56MebitdaCapex$5.00capitalExpendituresInterest$1.24MinterestExpenseShort-term debt$1.87MshortLongTermDebtEBITDA − capex$1.56MPrincipal due is the current portion of debt.Result 0.50x | $5.61MFree cash flow · 2023-12-31Operating cash flow − capexOperating cash flow$5.61MtotalCashFromOperatingActivitiesCapex$5.00capitalExpendituresFree cash flow$5.61MNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result $5.61M | 11.2%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.39MoperatingIncomeTax expense$46.66KincomeTaxExpensePretax income$180.53KincomeBeforeTaxTax rate25.8%Equity$6.90MtotalStockholderEquityDebt$2.71MshortLongTermDebtTotalCash$433.00KcashInvested capital$9.18MResult 11.2% | 7.27xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$1.39MoperatingIncomeNet PP&E$190.82KpropertyPlantAndEquipmentNetResult 7.27x |
| 2024 | 13.8%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.23MpropertyPlantAndEquipmentNetInventory-$112.75KinventoryTotal assets$15.38MtotalAssetsResult 13.8% | 0.20xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$455.81KtotalRevenueNet PP&E$2.23MpropertyPlantAndEquipmentNetResult 0.20x | 1.01xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$365.00KcapitalExpendituresD&A$361.38KdepreciationAndAmortizationResult 1.01x | $161.27KTangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$15.38MtotalAssetsGoodwill$1.04MgoodWillIntangibles$1.06MintangibleAssetsLiabilities$2.76MtotalLiabTangible book$10.51MShares65commonStockSharesOutstandingResult $161.27K | -17.11xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.05MebitdaCapex$365.00KcapitalExpendituresInterest$44.61KinterestExpenseShort-term debt$155.04KshortLongTermDebtEBITDA − capex-$3.42MPrincipal due is the current portion of debt.Result -17.11x | -$122.78KFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$242.22KtotalCashFromOperatingActivitiesCapex$365.00KcapitalExpendituresFree cash flow-$122.78KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$122.78K | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.73MoperatingIncomeTax expense-$215.82KincomeTaxExpensePretax income-$3.45MincomeBeforeTaxTax rate—Equity$12.62MtotalStockholderEquityDebt$765.06KlongTermDebt + shortLongTermDebtCash$1.65McashInvested capital$11.73MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.67xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$3.73MoperatingIncomeNet PP&E$2.23MpropertyPlantAndEquipmentNetResult -1.67x |
| 2025 | 12.9%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.52MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$11.86MtotalAssetsInventory was not reported and is treated as zero.Result 12.9% | 0.85xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$1.29MtotalRevenueNet PP&E$1.52MpropertyPlantAndEquipmentNetResult 0.85x | 0.00xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$5.00capitalExpendituresD&A$736.62KdepreciationAndAmortizationResult 0.00x | $74.34KTangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$11.86MtotalAssetsGoodwill$475.86KgoodWillIntangibles$792.57KintangibleAssetsLiabilities$2.50MtotalLiabTangible book$8.09MShares109commonStockSharesOutstandingResult $74.34K | -18.44xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.86MebitdaCapex$5.00capitalExpendituresInterest$36.72KinterestExpenseShort-term debt$118.55KshortLongTermDebtEBITDA − capex-$2.86MPrincipal due is the current portion of debt.Result -18.44x | -$2.08KFree cash flow · 2025-12-31Operating cash flow − capexOperating cash flow-$2.08KtotalCashFromOperatingActivitiesCapex$5.00capitalExpendituresFree cash flow-$2.08KNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result -$2.08K | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.84MoperatingIncomeTax expense$15.92KincomeTaxExpensePretax income-$3.63MincomeBeforeTaxTax rate—Equity$9.36MtotalStockholderEquityDebt$691.21KlongTermDebt + shortLongTermDebtCash$233.22KcashInvested capital$9.81MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.52xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$3.84MoperatingIncomeNet PP&E$1.52MpropertyPlantAndEquipmentNetResult -2.52x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
- Reported free cash flow matched operating cash flow, so capex was subtracted.
Latest year inputs (2025)
Net PP&E: $1.52M
Inventory: $0.00
Total assets: $11.86M
Goodwill: $475.86K
Intangibles: $792.57K
Liabilities: $2.50M
Tangible book: $8.09M
Shares: 109
Revenue: $1.29M
Capex: $5.00
D&A: $736.62K
EBITDA: -$2.86M
Interest: $36.72K
Short-term debt: $118.55K
Free cash flow: -$2.08K
Operating income: -$3.84M
Invested capital: $9.81M
Tax rate: —