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.
Quantum Corporation
Physical assets are 20.9% of total assets, a light footprint. Capex is 0.32x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -0.98x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 16.74x.
Physical asset ratio
20.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
16.74x
Revenue per dollar of the physical asset base.
Capex / D&A
0.32x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$16.71
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $21.61.
Fixed-charge coverage
-0.98x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-4.6%
Latest free cash flow divided by current market cap ($851.45M).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.98x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 26.6% | 47.73x | 0.63x | -$112.38 | -0.78x | -$19.57M | — | -0.56x |
| 2020 | 43.0% | 18.54x | 0.61x | -$88.12 | 0.69x | -$3.81M | — | 0.98x |
| 2021 | 34.5% | 17.99x | 1.22x | -$54.32 | -0.30x | -$7.70M | — | 0.43x |
| 2022 | 40.5% | 16.00x | 0.67x | -$49.07 | 3.36x | -$40.04M | — | -0.14x |
| 2023 | 33.5% | 15.72x | 1.24x | -$22.41 | -0.54x | -$17.48M | — | -0.62x |
| 2024 | 26.1% | 14.52x | 0.63x | -$28.63 | -0.18x | -$16.03M | — | -1.35x |
| 2025 | 27.3% | 13.73x | 0.88x | -$34.49 | -0.61x | -$28.56M | — | -2.09x |
| 2026 | 20.9% | 16.74x | 0.32x | -$16.71 | -0.98x | -$39.56M | — | -0.98x |
- 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 (2026)
Net PP&E: $16.70M
Inventory: $16.10M
Total assets: $156.89M
Goodwill: $12.97M
Intangibles: $0.00
Liabilities: $355.75M
Tangible book: -$211.83M
Shares: 12,674,000
Revenue: $279.58M
Capex: $1.71M
D&A: $5.28M
EBITDA: -$73.18M
Interest: $21.58M
Short-term debt: $54.81M
Free cash flow: -$39.56M
Operating income: -$16.40M
Invested capital: —
Tax rate: —