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.
Nu Holdings Ltd
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 0.07x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.64x, which is below 1.
Fixed-asset turnover is 318.89x. Compare it with other names in the same basket.
Physical asset ratio
0.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
318.89x
Revenue per dollar of the physical asset base.
Capex / D&A
0.07x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$2.10
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
7.01x
Price $14.72.
Fixed-charge coverage
0.64x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
4.8%
Latest free cash flow divided by current market cap ($72.12B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 77.69x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 72.1% | 37.81x | 5.96x | $0.06 | -0.06x | -$11.83M | — | -4.98x |
| 2019 | 64.6% | 18.14x | 0.92x | $3.22 | -0.61x | $271.46M | — | -5.00x |
| 2020 | 71.0% | 35.94x | 1.08x | $1.94 | 0.06x | $966.53M | — | -4.49x |
| 2021 | 64.5% | 82.69x | 1.64x | $0.86 | 0.50x | -$2.95B | — | -8.29x |
| 2022 | 20.5% | 103.14x | 3.21x | $0.92 | 0.73x | $641.27M | — | -6.65x |
| 2023 | -0.5% | 109.95x | 2.81x | $1.18 | 0.66x | $1.09B | — | 22.06x |
| 2024 | 0.1% | 240.24x | 2.27x | $1.41 | 0.88x | $2.22B | — | 60.47x |
| 2025 | 0.1% | 318.89x | 0.07x | $2.10 | 0.64x | $3.49B | — | 77.69x |
- 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.
- The physical ratio uses the property line, which is larger than net corporate PP&E. Real estate portfolios are often carried there.
Latest year inputs (2025)
Net PP&E: $49.79M
Inventory: $0.00
Total assets: $74.89B
Goodwill: $409.37M
Intangibles: $601.67M
Liabilities: $63.57B
Tangible book: $10.31B
Shares: 4,907,352,000
Revenue: $15.88B
Capex: $7.22M
D&A: $97.97M
EBITDA: $3.97B
Interest: $4.58B
Short-term debt: $1.60B
Free cash flow: $3.49B
Operating income: $3.87B
Invested capital: —
Tax rate: 25.7%