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.
GRI Bio Inc.
Physical assets are 0.9% of total assets, a light footprint. Capex is 0.75x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets.
Fixed-asset turnover is 0.00x. Compare it with other names in the same basket.
Physical asset ratio
0.9%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$74.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$8.67MtotalAssetsInventory was not reported and is treated as zero.Result 0.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.00xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$74.00KpropertyPlantAndEquipmentNetResult 0.00x
Revenue per dollar of the physical asset base.
Capex / D&A
0.75xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$3.00KcapitalExpendituresD&A$4.00KdepreciationAndAmortizationResult 0.75x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$61.20Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$8.67MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.66MtotalLiabTangible book$6.01MShares98,162commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $61.20
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.02xPrice / tangible bookPrice / tangible book per sharePrice$1.43Latest quoteTangible book / share$61.202025-12-31Result 0.02x
Price $1.43.
Fixed-charge coverage
—Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$11.97MebitdaCapex$3.00KcapitalExpendituresInterest—Not reportedShort-term debt$56.00KshortTermDebtEBITDA − capex-$11.98MPrincipal due is short-term debt.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-302.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$10.19MfreeCashFlowMarket cap$3.37MMarketCapitalizationResult -302.6%
Latest free cash flow divided by current market cap ($3.37M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$11.98MoperatingIncomeTax expense—Not reportedPretax income-$11.96MincomeBeforeTaxTax rate—Equity$6.01MtotalStockholderEquityDebt$71.00KshortLongTermDebtTotalCash$8.23McashInvested capital—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 -161.85x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.2%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.59KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$639.23KtotalAssetsInventory was not reported and is treated as zero.Result 0.2% | —Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E$1.59KpropertyPlantAndEquipmentNetResult — | 3.60xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$2.21KcapitalExpendituresD&A$612.00depreciationAndAmortizationResult 3.60x | $171.65Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$639.23KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$486.29KtotalLiabTangible book$152.94KShares891commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $171.65 | —Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.31MebitdaCapex$2.21KcapitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$4.31MResult — | -$2.37MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$2.37MtotalCashFromOperatingActivitiesCapex$2.21KcapitalExpendituresFree cash flow-$2.37MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$2.37M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$4.31MoperatingIncomeTax expense-$2.00incomeTaxExpensePretax income-$4.31MincomeBeforeTaxTax rate—Equity$152.94KtotalStockholderEquityDebt—Not reportedCash$612.65KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2,709.61xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$4.31MoperatingIncomeNet PP&E$1.59KpropertyPlantAndEquipmentNetResult -2,709.61x |
| 2019 | 8.3%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$353.90KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$4.28MtotalAssetsInventory was not reported and is treated as zero.Result 8.3% | —Fixed asset turnover · 2019-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E$353.90KpropertyPlantAndEquipmentNetResult — | 0.01xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$5.00capitalExpendituresD&A$735.00depreciationAndAmortizationResult 0.01x | $3.61KTangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.28MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.06MtotalLiabTangible book$3.21MShares891commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $3.61K | -11.56xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.27MebitdaCapex$5.00capitalExpendituresInterest$197.03KinterestExpenseShort-term debt$85.67KshortTermDebtEBITDA − capex-$3.27MPrincipal due is short-term debt.Result -11.56x | -$2.88MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$2.88MtotalCashFromOperatingActivitiesCapex$5.00capitalExpendituresFree cash flow-$2.88MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$2.88M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.15MoperatingIncomeTax expense$5.00incomeTaxExpensePretax income-$3.46MincomeBeforeTaxTax rate—Equity$3.21MtotalStockholderEquityDebt$340.02KshortLongTermDebtTotalCash$3.82McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -8.91xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$3.15MoperatingIncomeNet PP&E$353.90KpropertyPlantAndEquipmentNetResult -8.91x |
| 2020 | 29.4%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$281.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$955.00KtotalAssetsInventory was not reported and is treated as zero.Result 29.4% | 0.36xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$100.00KtotalRevenueNet PP&E$281.00KpropertyPlantAndEquipmentNetResult 0.36x | 0.03xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$2.00KcapitalExpendituresD&A$75.00KdepreciationAndAmortizationResult 0.03x | -$1.63KTangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$955.00KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.41MtotalLiabTangible book-$1.45MShares891commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$1.63K | -7.45xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.38MebitdaCapex$2.00KcapitalExpendituresInterest$34.00KinterestExpenseShort-term debt$152.00KshortTermDebtEBITDA − capex-$1.39MPrincipal due is short-term debt.Result -7.45x | -$3.71MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$3.71MtotalCashFromOperatingActivitiesCapex$2.00KcapitalExpendituresFree cash flow-$3.71MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.71M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.46MoperatingIncomeTax expense-$131.30KincomeTaxExpensePretax income-$2.53MincomeBeforeTaxTax rate—Equity-$1.45MtotalStockholderEquityDebt$336.00KshortLongTermDebtTotalCash$109.00KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -5.19xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$1.46MoperatingIncomeNet PP&E$281.00KpropertyPlantAndEquipmentNetResult -5.19x |
| 2021 | 53.7%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$117.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$218.00KtotalAssetsInventory was not reported and is treated as zero.Result 53.7% | 0.00xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$117.00KpropertyPlantAndEquipmentNetResult 0.00x | 0.00xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$73.00KdepreciationAndAmortizationResult 0.00x | -$407.17Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$218.00KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$4.94MtotalLiabTangible book-$4.72MShares11,602commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$407.17 | -0.24xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$989.00KebitdaCapex$0.00capitalExpendituresInterest$547.00KinterestExpenseShort-term debt$3.50MshortLongTermDebtEBITDA − capex-$989.00KPrincipal due is the current portion of debt.Result -0.24x | -$8.31MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$8.31MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$8.31MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$8.31M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.06MoperatingIncomeTax expense-$50.00KincomeTaxExpensePretax income-$1.56MincomeBeforeTaxTax rate—Equity-$4.72MtotalStockholderEquityDebt$3.61MshortLongTermDebtTotalCash$90.00KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -9.08xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$1.06MoperatingIncomeNet PP&E$117.00KpropertyPlantAndEquipmentNetResult -9.08x |
| 2022 | 18.5%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$71.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$383.00KtotalAssetsInventory was not reported and is treated as zero.Result 18.5% | 0.00xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$71.00KpropertyPlantAndEquipmentNetResult 0.00x | 1.00xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$3.00KcapitalExpendituresD&A$3.00KdepreciationAndAmortizationResult 1.00x | -$1.40KTangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$383.00KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.01MtotalLiabTangible book-$1.63MShares1,160commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$1.40K | -2.04xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.56MebitdaCapex$3.00KcapitalExpendituresInterest$653.00KinterestExpenseShort-term debt$602.00KshortLongTermDebtEBITDA − capex-$2.56MPrincipal due is the current portion of debt.Result -2.04x | -$1.09MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$1.09MtotalCashFromOperatingActivitiesCapex$3.00KcapitalExpendituresFree cash flow-$1.09MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.09M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$2.24MoperatingIncomeTax expense$325.00KincomeTaxExpensePretax income-$3.22MincomeBeforeTaxTax rate—Equity-$1.63MtotalStockholderEquityDebt$673.00KshortLongTermDebtTotalCash$9.00KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -31.54xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$2.24MoperatingIncomeNet PP&E$71.00KpropertyPlantAndEquipmentNetResult -31.54x |
| 2023 | 0.7%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$22.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$2.96MtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 989.41xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$21.77MtotalRevenueNet PP&E$22.00KpropertyPlantAndEquipmentNetResult 989.41x | 2.00xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$8.00KcapitalExpendituresD&A$4.00KdepreciationAndAmortizationResult 2.00x | $164.13Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.96MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.70MtotalLiabTangible book$259.00KShares1,578commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $164.13 | -5.23xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$10.95MebitdaCapex$8.00KcapitalExpendituresInterest$2.08MinterestExpenseShort-term debt$14.00KshortTermDebtEBITDA − capex-$10.96MPrincipal due is short-term debt.Result -5.23x | -$9.00MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$8.99MtotalCashFromOperatingActivitiesCapex$8.00KcapitalExpendituresFree cash flow-$9.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$9.00M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$11.39MoperatingIncomeTax expense$2.77MincomeTaxExpensePretax income-$13.04MincomeBeforeTaxTax rate—Equity$259.00KtotalStockholderEquityDebt$14.00KshortLongTermDebtTotalCash$1.81McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -517.59xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$11.39MoperatingIncomeNet PP&E$22.00KpropertyPlantAndEquipmentNetResult -517.59x |
| 2024 | 2.2%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$124.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$5.74MtotalAssetsInventory was not reported and is treated as zero.Result 2.2% | 181.76xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$22.54MtotalRevenueNet PP&E$124.00KpropertyPlantAndEquipmentNetResult 181.76x | 0.00xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$4.00KdepreciationAndAmortizationResult 0.00x | $0.82Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.74MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.71MtotalLiabTangible book$4.03MShares4,915,882commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.82 | -152.43xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.23MebitdaCapex$0.00capitalExpendituresInterest$6.00KinterestExpenseShort-term debt$48.00KshortTermDebtEBITDA − capex-$8.23MPrincipal due is short-term debt.Result -152.43x | -$8.61MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$8.61MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$8.61MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$8.61M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$8.24MoperatingIncomeTax expense—Not reportedPretax income-$8.21MincomeBeforeTaxTax rate—Equity$4.03MtotalStockholderEquityDebt$119.00KshortLongTermDebtTotalCash$5.03McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -66.41xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$8.24MoperatingIncomeNet PP&E$124.00KpropertyPlantAndEquipmentNetResult -66.41x |
| 2025 | 0.9%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$74.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$8.67MtotalAssetsInventory was not reported and is treated as zero.Result 0.9% | 0.00xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E$74.00KpropertyPlantAndEquipmentNetResult 0.00x | 0.75xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$3.00KcapitalExpendituresD&A$4.00KdepreciationAndAmortizationResult 0.75x | $61.20Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$8.67MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.66MtotalLiabTangible book$6.01MShares98,162commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $61.20 | —Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$11.97MebitdaCapex$3.00KcapitalExpendituresInterest—Not reportedShort-term debt$56.00KshortTermDebtEBITDA − capex-$11.98MPrincipal due is short-term debt.Result — | -$10.19MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$10.19MtotalCashFromOperatingActivitiesCapex$3.00KcapitalExpendituresFree cash flow-$10.19MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$10.19M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$11.98MoperatingIncomeTax expense—Not reportedPretax income-$11.96MincomeBeforeTaxTax rate—Equity$6.01MtotalStockholderEquityDebt$71.00KshortLongTermDebtTotalCash$8.23McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -161.85xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$11.98MoperatingIncomeNet PP&E$74.00KpropertyPlantAndEquipmentNetResult -161.85x |
- 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.
- Free-cash-flow yield is extreme. Market cap and free cash flow may be in different units.
Latest year inputs (2025)
Net PP&E: $74.00K
Inventory: $0.00
Total assets: $8.67M
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $2.66M
Tangible book: $6.01M
Shares: 98,162
Revenue: $0.00
Capex: $3.00K
D&A: $4.00K
EBITDA: -$11.97M
Interest: —
Short-term debt: $56.00K
Free cash flow: -$10.19M
Operating income: -$11.98M
Invested capital: —
Tax rate: —