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.
Cromwell European Real Estate Investment Trust
Net PP&E was missing, so the physical footprint could not be scored.
Physical asset ratio
—Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$2.32BtotalAssetsResult —
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—Fixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$216.49MtotalRevenueNet PP&E—Not reportedResult —
Revenue per dollar of the physical asset base.
Capex / D&A
—Capex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$43.60McapitalExpendituresD&A—Not reportedResult —
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$2.14Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.32BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.12BtotalLiabTangible book$1.21BShares562,392,116commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.14
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / share$2.142024-12-31A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
—Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex$43.60McapitalExpendituresInterest$35.05MinterestExpenseShort-term debt$450.00MshortLongTermDebtPrincipal due is the current portion of debt.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
2.1%Free cash flow yield · 2024-12-31Latest free cash flow / current market capFree cash flow$27.14MfreeCashFlowMarket cap$1.28BMarketCapitalizationResult 2.1%
Latest free cash flow divided by current market cap ($1.28B).
ROIC
—ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$122.35MoperatingIncomeTax expense$15.52MtaxProvisionPretax income-$58.38MincomeBeforeTaxTax rate—Equity$1.21BtotalStockholderEquityDebt$948.68MlongTermDebt + shortLongTermDebtCash$38.54McashInvested capital$2.12BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | —Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.69BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets—Not reportedInventory was not reported and is treated as zero.Result — | —Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E$1.69BpropertyPlantEquipmentResult — | —Capex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A—Not reportedResult — | —Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets—Not reportedGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities—Not reportedTangible book—Shares—Goodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result — | —Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex$0.00capitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedResult — | $71.74MFree cash flow · 2018-12-31Operating cash flow − capexOperating cash flow$71.74MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow$71.74MNot reportedFree cash flow is operating cash flow minus capex because the statement did not report free cash flow.Result $71.74M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$79.83MebitTax expense$19.61MincomeTaxExpensePretax income—Not reportedTax rate—Equity—Not reportedDebt—Not reportedCash—Not reportedInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.05xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$79.83MebitNet PP&E$1.69BpropertyPlantEquipmentResult 0.05x |
| 2019 | 90.5%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.04BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.25BtotalAssetsInventory was not reported and is treated as zero.Result 90.5% | 0.09xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$177.05MtotalRevenueNet PP&E$2.04BpropertyPlantEquipmentResult 0.09x | —Capex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$11.22McapitalExpendituresD&A—Not reportedResult — | $2.58Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.25BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$940.29MtotalLiabTangible book$1.31BShares509,557,400commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.58 | 4.02xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$142.21MebitdaCapex$11.22McapitalExpendituresInterest$12.17MinterestExpenseShort-term debt$20.44MshortLongTermDebtEBITDA − capex$130.99MPrincipal due is the current portion of debt.Result 4.02x | $76.20MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$87.42MtotalCashFromOperatingActivitiesCapex$11.22McapitalExpendituresFree cash flow$76.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $76.20M | 4.3%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$104.55MoperatingIncomeTax expense$21.00MincomeTaxExpensePretax income$130.04MincomeBeforeTaxTax rate16.1%Equity$1.31BtotalStockholderEquityDebt$823.80MlongTermDebt + shortLongTermDebtCash$79.25McashInvested capital$2.06BResult 4.3% | 0.05xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$104.55MoperatingIncomeNet PP&E$2.04BpropertyPlantEquipmentResult 0.05x |
| 2020 | 97.1%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.18BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.25BtotalAssetsInventory was not reported and is treated as zero.Result 97.1% | 0.09xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$186.97MtotalRevenueNet PP&E$2.18BpropertyPlantEquipmentResult 0.09x | —Capex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$20.97McapitalExpendituresD&A—Not reportedResult — | $2.55Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.25BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$948.30MtotalLiabTangible book$1.30BShares511,216,200commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.55 | 6.43xFixed-charge coverage · 2020-12-31(EBITDA − capex) / interestEBITDA$110.45MebitdaCapex$20.97McapitalExpendituresInterest$13.91MinterestExpenseEBITDA − capex$89.48MShort-term debt was not reported, so the denominator is interest only.Result 6.43x | $67.62MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$88.58MtotalCashFromOperatingActivitiesCapex$20.97McapitalExpendituresFree cash flow$67.62MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $67.62M | 4.2%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$106.88MoperatingIncomeTax expense$17.17MincomeTaxExpensePretax income$96.54MincomeBeforeTaxTax rate17.8%Equity$1.30BtotalStockholderEquityDebt$847.07MlongTermDebt + shortLongTermDebtCash$43.59McashInvested capital$2.11BResult 4.2% | 0.05xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$106.88MoperatingIncomeNet PP&E$2.18BpropertyPlantEquipmentResult 0.05x |
| 2021 | 96.6%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.45BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.53BtotalAssetsInventory was not reported and is treated as zero.Result 96.6% | 0.08xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$200.12MtotalRevenueNet PP&E$2.45BpropertyPlantEquipmentResult 0.08x | —Capex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$22.64McapitalExpendituresD&A—Not reportedResult — | $2.63Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.53BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.06BtotalLiabTangible book$1.48BShares561,045,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.63 | 2.95xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$142.65MebitdaCapex$22.64McapitalExpendituresInterest$17.74MinterestExpenseShort-term debt$23.00MshortLongTermDebtEBITDA − capex$120.01MPrincipal due is the current portion of debt.Result 2.95x | $74.23MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow$96.87MtotalCashFromOperatingActivitiesCapex$22.64McapitalExpendituresFree cash flow$74.23MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $74.23M | 3.9%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$119.08MoperatingIncomeTax expense$28.31MincomeTaxExpensePretax income$124.91MincomeBeforeTaxTax rate22.7%Equity$1.48BtotalStockholderEquityDebt$922.73MlongTermDebt + shortLongTermDebtCash$59.26McashInvested capital$2.34BResult 3.9% | 0.05xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$119.08MoperatingIncomeNet PP&E$2.45BpropertyPlantEquipmentResult 0.05x |
| 2022 | 96.9%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.51BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.59BtotalAssetsInventory was not reported and is treated as zero.Result 96.9% | 0.09xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$222.11MtotalRevenueNet PP&E$2.51BpropertyPlantEquipmentResult 0.09x | —Capex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$38.88McapitalExpendituresD&A—Not reportedResult — | $2.53Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.59BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.17BtotalLiabTangible book$1.42BShares562,392,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.53 | 0.52xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$75.70MebitdaCapex$38.88McapitalExpendituresInterest$20.00MinterestExpenseShort-term debt$50.63MshortLongTermDebtEBITDA − capex$36.81MPrincipal due is the current portion of debt.Result 0.52x | $53.46MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$92.35MtotalCashFromOperatingActivitiesCapex$38.88McapitalExpendituresFree cash flow$53.46MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $53.46M | 3.9%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$124.41MoperatingIncomeTax expense$13.75MincomeTaxExpensePretax income$55.70MincomeBeforeTaxTax rate24.7%Equity$1.42BtotalStockholderEquityDebt$1.01BlongTermDebt + shortLongTermDebtCash$35.43McashInvested capital$2.40BResult 3.9% | 0.05xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$124.41MoperatingIncomeNet PP&E$2.51BpropertyPlantEquipmentResult 0.05x |
| 2023 | —Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$2.37BtotalAssetsResult — | —Fixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$212.92MtotalRevenueNet PP&E—Not reportedResult — | —Capex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$83.05McapitalExpendituresD&A—Not reportedResult — | $2.23Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.37BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.11BtotalLiabTangible book$1.26BShares562,392,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.23 | —Fixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex$83.05McapitalExpendituresInterest$38.24MinterestExpenseShort-term debt—Not reportedResult — | $6.08MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$89.13MtotalCashFromOperatingActivitiesCapex$83.05McapitalExpendituresFree cash flow$6.08MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $6.08M | 3.6%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$119.47MoperatingIncomeTax expense$20.23MtaxProvisionPretax income$55.71MincomeBeforeTaxTax rate36.3%Equity$1.26BtotalStockholderEquityDebt$947.60MlongTermDebt + shortLongTermDebtCash$73.80McashInvested capital$2.13BResult 3.6% | —EBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$119.47MoperatingIncomeNet PP&E—Not reportedResult — |
| 2024 | —Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$2.32BtotalAssetsResult — | —Fixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$216.49MtotalRevenueNet PP&E—Not reportedResult — | —Capex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$43.60McapitalExpendituresD&A—Not reportedResult — | $2.14Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.32BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.12BtotalLiabTangible book$1.21BShares562,392,116commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.14 | —Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex$43.60McapitalExpendituresInterest$35.05MinterestExpenseShort-term debt$450.00MshortLongTermDebtPrincipal due is the current portion of debt.Result — | $27.14MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$70.74MtotalCashFromOperatingActivitiesCapex$43.60McapitalExpendituresFree cash flow$27.14MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $27.14M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$122.35MoperatingIncomeTax expense$15.52MtaxProvisionPretax income-$58.38MincomeBeforeTaxTax rate—Equity$1.21BtotalStockholderEquityDebt$948.68MlongTermDebt + shortLongTermDebtCash$38.54McashInvested capital$2.12BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income$122.35MoperatingIncomeNet PP&E—Not reportedResult — |
- Principal due is the current portion of debt.
Latest year inputs (2024)
Net PP&E: —
Inventory: —
Total assets: $2.32B
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $1.12B
Tangible book: $1.21B
Shares: 562,392,116
Revenue: $216.49M
Capex: $43.60M
D&A: —
EBITDA: —
Interest: $35.05M
Short-term debt: $450.00M
Free cash flow: $27.14M
Operating income: $122.35M
Invested capital: $2.12B
Tax rate: —