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.
Vislink Technologies Inc
Physical assets are 37.1% of total assets, a mixed footprint. Capex is 0.43x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 10.39x.
Physical asset ratio
37.1%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.64MpropertyPlantAndEquipmentNetInventory$14.03MinventoryTotal assets$44.99MtotalAssetsResult 37.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
10.39xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$27.48MtotalRevenueNet PP&E$2.64MpropertyPlantAndEquipmentNetResult 10.39x
Revenue per dollar of the physical asset base.
Capex / D&A
0.43xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$698.00KcapitalExpendituresD&A$1.64MdepreciationAndAmortizationResult 0.43x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$13.91Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$44.99MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$3.87MintangibleAssetsLiabilities$8.02MtotalLiabTangible book$33.11MShares2,381,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $13.91
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.28xPrice / tangible bookPrice / tangible book per sharePrice$3.96Latest quoteTangible book / share$13.912024-12-31Result 0.28x
Price $3.96.
Fixed-charge coverage
—Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.88MebitdaCapex$698.00KcapitalExpendituresInterest—Not reportedShort-term debt$56.00KshortLongTermDebtEBITDA − capex-$9.58MPrincipal due is the current portion of debt.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-106.4%Free cash flow yield · 2024-12-31Latest free cash flow / current market capFree cash flow-$10.45MfreeCashFlowMarket cap$9.82MMarketCapitalizationResult -106.4%
Latest free cash flow divided by current market cap ($9.82M).
ROIC
—ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$10.60MoperatingIncomeTax expense-$218.00KincomeTaxExpensePretax income-$9.35MincomeBeforeTaxTax rate—Equity$36.98MtotalStockholderEquityDebt$56.00KlongTermDebt + shortLongTermDebtCash$14.21McashAndShortTermInvestmentsInvested capital$22.82MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.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 -4.01x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2017 | 49.1%Physical asset ratio · 2017-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.24MpropertyPlantEquipmentInventory$14.75MinventoryTotal assets$36.65MtotalAssetsResult 49.1% | 14.77xFixed asset turnover · 2017-12-31Revenue / net PP&ERevenue$47.82MtotalRevenueNet PP&E$3.24MpropertyPlantEquipmentResult 14.77x | 0.09xCapex / D&A · 2017-12-31Capital expenditures / depreciation and amortizationCapex$374.00KcapitalExpendituresD&A$4.40MdepreciationAndAmortizationResult 0.09x | $1.06KTangible book / share · 2017-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$36.65MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$6.89MintangibleAssetsLiabilities$19.02MtotalLiabTangible book$10.73MShares10,115commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $1.06K | -3.31xFixed-charge coverage · 2017-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.33MebitdaCapex$374.00KcapitalExpendituresInterest$629.00KinterestExpenseShort-term debt$2.00MshortLongTermDebtEBITDA − capex-$8.71MPrincipal due is the current portion of debt.Result -3.31x | -$4.86MFree cash flow · 2017-12-31Reported free cash flowOperating cash flow-$4.49MtotalCashFromOperatingActivitiesCapex$374.00KcapitalExpendituresFree cash flow-$4.86MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$4.86M | —ROIC · 2017-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$23.39MoperatingIncomeTax expense$11.29MincomeTaxExpensePretax income-$10.55MincomeBeforeTaxTax rate—Equity$17.63MtotalStockholderEquityDebt$2.05MshortLongTermDebtTotalCash$2.80McashInvested capital$16.88MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -7.23xEBIT / PP&E · 2017-12-31Operating income / net PP&EOperating income-$23.39MoperatingIncomeNet PP&E$3.24MpropertyPlantEquipmentResult -7.23x |
| 2018 | 52.6%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.10MpropertyPlantEquipmentInventory$13.05MinventoryTotal assets$28.81MtotalAssetsResult 52.6% | 18.27xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$38.29MtotalRevenueNet PP&E$2.10MpropertyPlantEquipmentResult 18.27x | 0.02xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$69.00KcapitalExpendituresD&A$2.95MdepreciationAndAmortizationResult 0.02x | $407.44Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$28.81MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$4.69MintangibleAssetsLiabilities$18.52MtotalLiabTangible book$5.60MShares13,742commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $407.44 | -3.52xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$10.92MebitdaCapex$69.00KcapitalExpendituresInterest$2.72MinterestExpenseShort-term debt$400.00KshortTermDebtEBITDA − capex-$10.98MPrincipal due is short-term debt.Result -3.52x | -$6.45MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$6.38MtotalCashFromOperatingActivitiesCapex$69.00KcapitalExpendituresFree cash flow-$6.45MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$6.45M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$14.43MoperatingIncomeTax expense$1.86MincomeTaxExpensePretax income-$14.87MincomeBeforeTaxTax rate—Equity$10.29MtotalStockholderEquityDebt$6.29MshortLongTermDebtTotalCash$2.01McashInvested capital$14.57MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -6.88xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$14.43MoperatingIncomeNet PP&E$2.10MpropertyPlantEquipmentResult -6.88x |
| 2019 | 49.0%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.90MpropertyPlantAndEquipmentNetInventory$7.67MinventoryTotal assets$23.60MtotalAssetsResult 49.0% | 7.43xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$28.94MtotalRevenueNet PP&E$3.90MpropertyPlantAndEquipmentNetResult 7.43x | 0.12xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$401.00KcapitalExpendituresD&A$3.25MdepreciationAndAmortizationResult 0.12x | $84.45Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$23.60MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$2.92MintangibleAssetsLiabilities$14.38MtotalLiabTangible book$6.31MShares74,683commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $84.45 | -6.47xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$13.95MebitdaCapex$401.00KcapitalExpendituresInterest$1.88MinterestExpenseShort-term debt$339.00KshortLongTermDebtEBITDA − capex-$14.35MPrincipal due is the current portion of debt.Result -6.47x | -$8.76MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$8.36MtotalCashFromOperatingActivitiesCapex$401.00KcapitalExpendituresFree cash flow-$8.76MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$8.76M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$17.20MoperatingIncomeTax expense$1.88MincomeTaxExpensePretax income-$18.05MincomeBeforeTaxTax rate—Equity$9.23MtotalStockholderEquityDebt$339.00KlongTermDebt + shortLongTermDebtCash$1.74McashInvested capital$7.83MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -4.41xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$17.20MoperatingIncomeNet PP&E$3.90MpropertyPlantAndEquipmentNetResult -4.41x |
| 2020 | 39.7%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.22MpropertyPlantAndEquipmentNetInventory$5.99MinventoryTotal assets$20.65MtotalAssetsResult 39.7% | 10.33xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$22.88MtotalRevenueNet PP&E$2.22MpropertyPlantAndEquipmentNetResult 10.33x | 0.13xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$258.00KcapitalExpendituresD&A$1.93MdepreciationAndAmortizationResult 0.13x | $10.91Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$20.65MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$1.92MintangibleAssetsLiabilities$10.65MtotalLiabTangible book$8.08MShares740,550commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $10.91 | -15.01xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$15.52MebitdaCapex$258.00KcapitalExpendituresInterest$121.00KinterestExpenseShort-term debt$930.00KshortLongTermDebtEBITDA − capex-$15.78MPrincipal due is the current portion of debt.Result -15.01x | -$14.61MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$14.35MtotalCashFromOperatingActivitiesCapex$258.00KcapitalExpendituresFree cash flow-$14.61MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$14.61M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$12.53MoperatingIncomeTax expense$5.38MincomeTaxExpensePretax income-$17.58MincomeBeforeTaxTax rate—Equity$10.00MtotalStockholderEquityDebt$1.19MlongTermDebt + shortLongTermDebtCash$5.19McashInvested capital$6.00MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -5.66xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$12.53MoperatingIncomeNet PP&E$2.22MpropertyPlantAndEquipmentNetResult -5.66x |
| 2021 | 21.2%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.54MpropertyPlantEquipmentInventory$11.89MinventoryTotal assets$68.12MtotalAssetsResult 21.2% | 13.37xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$33.88MtotalRevenueNet PP&E$2.54MpropertyPlantEquipmentResult 13.37x | 0.02xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$201.00KcapitalExpendituresD&A$8.17MdepreciationAndAmortizationResult 0.02x | $23.77Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$68.12MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$5.92MintangibleAssetsLiabilities$10.51MtotalLiabTangible book$51.69MShares2,174,200commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $23.77 | -4.60xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$388.00KebitdaCapex$201.00KcapitalExpendituresInterest$29.00KinterestExpenseShort-term debt$99.00KshortLongTermDebtEBITDA − capex-$589.00KPrincipal due is the current portion of debt.Result -4.60x | -$9.80MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$9.60MtotalCashFromOperatingActivitiesCapex$201.00KcapitalExpendituresFree cash flow-$9.80MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$9.80M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$8.56MoperatingIncomeTax expense$6.86MincomeTaxExpensePretax income-$15.41MincomeBeforeTaxTax rate—Equity$57.61MtotalStockholderEquityDebt$99.00KlongTermDebt + shortLongTermDebtCash$36.23McashInvested capital$21.48MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.38xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$8.56MoperatingIncomeNet PP&E$2.54MpropertyPlantEquipmentResult -3.38x |
| 2022 | 28.1%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.51MpropertyPlantAndEquipmentNetInventory$12.02MinventoryTotal assets$51.80MtotalAssetsResult 28.1% | 11.32xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$28.40MtotalRevenueNet PP&E$2.51MpropertyPlantAndEquipmentNetResult 11.32x | 0.24xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$466.00KcapitalExpendituresD&A$1.92MdepreciationAndAmortizationResult 0.24x | $16.81Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$51.80MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$4.40MintangibleAssetsLiabilities$8.14MtotalLiabTangible book$39.25MShares2,334,600commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $16.81 | -102.76xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$12.07MebitdaCapex$466.00KcapitalExpendituresInterest$38.00KinterestExpenseShort-term debt$84.00KshortLongTermDebtEBITDA − capex-$12.54MPrincipal due is the current portion of debt.Result -102.76x | -$9.69MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$9.23MtotalCashFromOperatingActivitiesCapex$466.00KcapitalExpendituresFree cash flow-$9.69MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$9.69M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$13.71MoperatingIncomeTax expense-$215.00KincomeTaxExpensePretax income-$13.76MincomeBeforeTaxTax rate—Equity$43.65MtotalStockholderEquityDebt$84.00KlongTermDebt + shortLongTermDebtCash$25.63McashInvested capital$18.11MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -5.46xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$13.71MoperatingIncomeNet PP&E$2.51MpropertyPlantAndEquipmentNetResult -5.46x |
| 2023 | 36.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.64MpropertyPlantAndEquipmentNetInventory$14.03MinventoryTotal assets$45.27MtotalAssetsResult 36.8% | 10.39xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$27.48MtotalRevenueNet PP&E$2.64MpropertyPlantAndEquipmentNetResult 10.39x | 0.43xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$698.00KcapitalExpendituresD&A$1.64MdepreciationAndAmortizationResult 0.43x | $13.91Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$45.27MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$3.87MintangibleAssetsLiabilities$8.29MtotalLiabTangible book$33.11MShares2,381,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $13.91 | -9.31xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.83MebitdaCapex$698.00KcapitalExpendituresInterest$560.00KinterestExpenseShort-term debt$463.00KshortTermDebtEBITDA − capex-$9.53MPrincipal due is short-term debt.Result -9.31x | -$10.45MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$9.75MtotalCashFromOperatingActivitiesCapex$698.00KcapitalExpendituresFree cash flow-$10.45MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$10.45M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$10.47MoperatingIncomeTax expense-$218.00KincomeTaxExpensePretax income-$9.35MincomeBeforeTaxTax rate—Equity$36.98MtotalStockholderEquityDebt$1.22MshortLongTermDebtTotalCash$14.21McashAndShortTermInvestmentsInvested capital$23.98MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.96xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$10.47MoperatingIncomeNet PP&E$2.64MpropertyPlantAndEquipmentNetResult -3.96x |
| 2024 | 37.1%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.64MpropertyPlantAndEquipmentNetInventory$14.03MinventoryTotal assets$44.99MtotalAssetsResult 37.1% | 10.39xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$27.48MtotalRevenueNet PP&E$2.64MpropertyPlantAndEquipmentNetResult 10.39x | 0.43xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$698.00KcapitalExpendituresD&A$1.64MdepreciationAndAmortizationResult 0.43x | $13.91Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$44.99MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$3.87MintangibleAssetsLiabilities$8.02MtotalLiabTangible book$33.11MShares2,381,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $13.91 | —Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.88MebitdaCapex$698.00KcapitalExpendituresInterest—Not reportedShort-term debt$56.00KshortLongTermDebtEBITDA − capex-$9.58MPrincipal due is the current portion of debt.Result — | -$10.45MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$9.75MtotalCashFromOperatingActivitiesCapex$698.00KcapitalExpendituresFree cash flow-$10.45MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$10.45M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$10.60MoperatingIncomeTax expense-$218.00KincomeTaxExpensePretax income-$9.35MincomeBeforeTaxTax rate—Equity$36.98MtotalStockholderEquityDebt$56.00KlongTermDebt + shortLongTermDebtCash$14.21McashAndShortTermInvestmentsInvested capital$22.82MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -4.01xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$10.60MoperatingIncomeNet PP&E$2.64MpropertyPlantAndEquipmentNetResult -4.01x |
- 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 (2024)
Net PP&E: $2.64M
Inventory: $14.03M
Total assets: $44.99M
Goodwill: $0.00
Intangibles: $3.87M
Liabilities: $8.02M
Tangible book: $33.11M
Shares: 2,381,000
Revenue: $27.48M
Capex: $698.00K
D&A: $1.64M
EBITDA: -$8.88M
Interest: —
Short-term debt: $56.00K
Free cash flow: -$10.45M
Operating income: -$10.60M
Invested capital: $22.82M
Tax rate: —