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 Computing Inc
Physical assets are 1.0% of total assets, a light footprint. Capex is 1.35x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -313.17x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 0.04x.
Physical asset ratio
1.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.04x
Revenue per dollar of the physical asset base.
Capex / D&A
1.35x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$9.34
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.73x
Price $6.84.
Fixed-charge coverage
-313.17x
EBITDA minus capex, divided by interest only.
FCF yield
-2.4%
Latest free cash flow divided by current market cap ($1.55B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -3.33x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.4% | 0.00x | 59.95x | -$0.30 | -0.89x | -$2.37M | — | -840.79x |
| 2019 | 17.3% | 0.00x | 8.08x | -$0.38 | -0.34x | -$2.27M | — | -99.53x |
| 2020 | 0.2% | 0.00x | 1.81x | $0.52 | -3.01x | -$11.55M | — | -560.25x |
| 2021 | 0.3% | 0.53x | 2.16x | $0.56 | -1.56x | -$6.82M | — | -288.23x |
| 2022 | 3.2% | 0.06x | 0.26x | -$0.10 | -9.32x | -$18.43M | — | -16.26x |
| 2023 | 5.4% | 0.09x | 0.64x | $0.02 | -6.87x | -$20.43M | — | -6.69x |
| 2024 | 6.4% | 0.04x | 1.59x | $0.46 | -15.04x | -$22.25M | — | -2.66x |
| 2025 | 1.0% | 0.04x | 1.35x | $9.34 | -313.17x | -$36.98M | — | -3.33x |
- Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2025)
Net PP&E: $15.32M
Inventory: $352.00K
Total assets: $1.62B
Goodwill: $55.57M
Intangibles: $6.50M
Liabilities: $20.66M
Tangible book: $1.54B
Shares: 164,492,000
Revenue: $682.00K
Capex: $6.69M
D&A: $4.94M
EBITDA: -$13.67M
Interest: $65.00K
Short-term debt: —
Free cash flow: -$36.98M
Operating income: -$51.08M
Invested capital: $482.77M
Tax rate: —