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.
EQB Inc.
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 1.25x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by 0.11x, which is below 1.
Fixed-asset turnover is 16.00x. 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
16.00x
Revenue per dollar of the physical asset base.
Capex / D&A
1.25x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$77.04
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.57x
Price $121.32.
Fixed-charge coverage
0.11x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
10.7%
Latest free cash flow divided by current market cap ($5.16B).
ROIC
1.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.91x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.1% | 50.67x | 2.16x | $37.44 | 0.90x | -$50.78M | 1.6% | 12.82x |
| 2019 | -4.0% | 36.77x | 1.18x | $41.44 | 0.05x | $287.57M | 1.7% | 8.91x |
| 2020 | -5.0% | 45.37x | 1.21x | $46.02 | 0.06x | $297.39M | 1.6% | 11.54x |
| 2021 | -4.9% | 54.14x | 1.18x | $53.51 | 0.53x | $654.68M | 2.1% | 18.10x |
| 2022 | -2.8% | 45.97x | 1.63x | $66.57 | 0.58x | -$46.69M | 1.4% | 10.19x |
| 2023 | 0.1% | 86.71x | 0.74x | $69.28 | 0.00x | $561.49M | 3.0% | 24.75x |
| 2024 | 0.2% | 28.18x | 1.12x | $73.39 | 0.18x | -$345.61M | 2.0% | 4.67x |
| 2025 | 0.4% | 16.00x | 1.25x | $77.04 | 0.11x | $555.10M | 1.9% | 1.91x |
- 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.
Latest year inputs (2025)
Net PP&E: $194.67M
Inventory: $0.00
Total assets: $53.49B
Goodwill: $92.55M
Intangibles: $148.62M
Liabilities: $50.28B
Tangible book: $2.97B
Shares: 38,557,364
Revenue: $3.11B
Capex: $84.89M
D&A: $67.95M
EBITDA: $439.45M
Interest: $1.75B
Short-term debt: $1.45B
Free cash flow: $555.10M
Operating income: $371.50M
Invested capital: $14.06B
Tax rate: 28.2%