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.
Airtel Africa Plc
Physical assets are 44.9% of total assets, a mixed footprint. Capex is 0.71x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 41.3%, above an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 1.02x.
Physical asset ratio
44.9%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 6.26BpropertyPlantAndEquipmentNetInventoryGBX 16.00MinventoryTotal assetsGBX 13.96BtotalAssetsResult 44.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.02xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenueGBX 6.42BtotalRevenueNet PP&EGBX 6.26BpropertyPlantAndEquipmentNetResult 1.02x
Revenue per dollar of the physical asset base.
Capex / D&A
0.71xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapexGBX 740.95McapitalExpendituresD&AGBX 1.05BdepreciationAndAmortizationResult 0.71x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-GBX 0.18Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 13.96BtotalAssetsGoodwillGBX 3.24BgoodWillIntangiblesGBX 895.95MintangibleAssetsLiabilitiesGBX 10.47BtotalLiabTangible book-GBX 643.97MShares3,657,400,713commonStockSharesOutstandingResult -GBX 0.18
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePriceGBX 259.00Latest quoteTangible book / share-GBX 0.182026-03-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price GBX 259.00.
Fixed-charge coverage
1.39xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 3.25BebitdaCapexGBX 740.95McapitalExpendituresInterestGBX 786.00MinterestExpenseShort-term debtGBX 1.02BshortLongTermDebtEBITDA − capexGBX 2.51BPrincipal due is the current portion of debt.Result 1.39x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
17.0%Free cash flow yield · 2026-03-31Latest free cash flow / current market capFree cash flowGBX 1.60BfreeCashFlowMarket capGBX 9.39BMarketCapitalizationResult 17.0%
Latest free cash flow divided by current market cap (GBX 9.39B).
ROIC
41.3%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 2.13BoperatingIncomeTax expenseGBX 606.00MincomeTaxExpensePretax incomeGBX 1.42BincomeBeforeTaxTax rate40.0%EquityGBX 3.15BtotalStockholderEquityDebtGBX 2.19BlongTermDebt + shortLongTermDebtCashGBX 2.25BcashAndShortTermInvestmentsInvested capitalGBX 3.08BThe effective tax rate was above 40% and was capped at 40%.Reported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 41.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.34x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 28.8%Physical asset ratio · 2019-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 2.62BpropertyPlantEquipmentInventoryGBX 3.00MinventoryTotal assetsGBX 9.11BtotalAssetsResult 28.8% | 1.17xFixed asset turnover · 2019-03-31Revenue / net PP&ERevenueGBX 3.08BtotalRevenueNet PP&EGBX 2.62BpropertyPlantEquipmentResult 1.17x | 1.21xCapex / D&A · 2019-03-31Capital expenditures / depreciation and amortizationCapexGBX 693.00McapitalExpendituresD&AGBX 573.00MdepreciationAndAmortizationResult 1.21x | -GBX 0.56Tangible book / share · 2019-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 9.11BtotalAssetsGoodwillGBX 4.13BgoodWillIntangiblesGBX 419.00MintangibleAssetsLiabilitiesGBX 6.68BtotalLiabTangible book-GBX 2.12BShares3,758,151,504commonStockSharesOutstandingResult -GBX 0.56 | 0.36xFixed-charge coverage · 2019-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 1.24BebitdaCapexGBX 693.00McapitalExpendituresInterestGBX 321.00MinterestExpenseShort-term debtGBX 1.18BshortLongTermDebtEBITDA − capexGBX 549.00MPrincipal due is the current portion of debt.Result 0.36x | GBX 337.00MFree cash flow · 2019-03-31Reported free cash flowOperating cash flowGBX 1.03BtotalCashFromOperatingActivitiesCapexGBX 693.00McapitalExpendituresFree cash flowGBX 337.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 337.00M | 11.2%ROIC · 2019-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 734.00MoperatingIncomeTax expense-GBX 78.00MincomeTaxExpensePretax incomeGBX 372.00MincomeBeforeTaxTax rate0.0%EquityGBX 2.63BtotalStockholderEquityDebtGBX 4.84BshortLongTermDebtTotalCashGBX 936.00McashAndShortTermInvestmentsInvested capitalGBX 6.53BResult 11.2% | 0.28xEBIT / PP&E · 2019-03-31Operating income / net PP&EOperating incomeGBX 734.00MoperatingIncomeNet PP&EGBX 2.62BpropertyPlantEquipmentResult 0.28x |
| 2020 | 29.3%Physical asset ratio · 2020-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 2.73BpropertyPlantEquipmentInventoryGBX 3.00MinventoryTotal assetsGBX 9.33BtotalAssetsResult 29.3% | 1.25xFixed asset turnover · 2020-03-31Revenue / net PP&ERevenueGBX 3.42BtotalRevenueNet PP&EGBX 2.73BpropertyPlantEquipmentResult 1.25x | 1.28xCapex / D&A · 2020-03-31Capital expenditures / depreciation and amortizationCapexGBX 811.00McapitalExpendituresD&AGBX 632.00MdepreciationAndAmortizationResult 1.28x | -GBX 0.32Tangible book / share · 2020-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 9.33BtotalAssetsGoodwillGBX 3.94BgoodWillIntangiblesGBX 486.00MintangibleAssetsLiabilitiesGBX 6.04BtotalLiabTangible book-GBX 1.15BShares3,586,678,328commonStockSharesOutstandingResult -GBX 0.32 | 0.65xFixed-charge coverage · 2020-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 1.53BebitdaCapexGBX 811.00McapitalExpendituresInterestGBX 440.00MinterestExpenseShort-term debtGBX 664.00MshortLongTermDebtEBITDA − capexGBX 718.00MPrincipal due is the current portion of debt.Result 0.65x | GBX 576.00MFree cash flow · 2020-03-31Reported free cash flowOperating cash flowGBX 1.39BtotalCashFromOperatingActivitiesCapexGBX 811.00McapitalExpendituresFree cash flowGBX 576.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 576.00M | -9.3%ROIC · 2020-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-GBX 901.00MoperatingIncomeTax expenseGBX 190.00MincomeTaxExpensePretax incomeGBX 598.00MincomeBeforeTaxTax rate31.8%EquityGBX 3.39BtotalStockholderEquityDebtGBX 4.28BshortLongTermDebtTotalCashGBX 1.08BcashAndShortTermInvestmentsInvested capitalGBX 6.59BResult -9.3% | -0.33xEBIT / PP&E · 2020-03-31Operating income / net PP&EOperating income-GBX 901.00MoperatingIncomeNet PP&EGBX 2.73BpropertyPlantEquipmentResult -0.33x |
| 2021 | 30.4%Physical asset ratio · 2021-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 3.03BpropertyPlantEquipmentInventoryGBX 7.00MinventoryTotal assetsGBX 9.99BtotalAssetsResult 30.4% | 1.29xFixed asset turnover · 2021-03-31Revenue / net PP&ERevenueGBX 3.91BtotalRevenueNet PP&EGBX 3.03BpropertyPlantEquipmentResult 1.29x | 1.34xCapex / D&A · 2021-03-31Capital expenditures / depreciation and amortizationCapexGBX 915.00McapitalExpendituresD&AGBX 681.00MdepreciationAndAmortizationResult 1.34x | -GBX 0.32Tangible book / share · 2021-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 9.99BtotalAssetsGoodwillGBX 3.84BgoodWillIntangiblesGBX 735.00MintangibleAssetsLiabilitiesGBX 6.64BtotalLiabTangible book-GBX 1.22BShares3,759,122,452commonStockSharesOutstandingResult -GBX 0.32 | 0.43xFixed-charge coverage · 2021-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 1.68BebitdaCapexGBX 915.00McapitalExpendituresInterestGBX 306.00MinterestExpenseShort-term debtGBX 1.47BshortLongTermDebtEBITDA − capexGBX 769.00MPrincipal due is the current portion of debt.Result 0.43x | GBX 751.00MFree cash flow · 2021-03-31Reported free cash flowOperating cash flowGBX 1.67BtotalCashFromOperatingActivitiesCapexGBX 915.00McapitalExpendituresFree cash flowGBX 751.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 751.00M | 9.8%ROIC · 2021-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 1.12BoperatingIncomeTax expenseGBX 282.00MincomeTaxExpensePretax incomeGBX 697.00MincomeBeforeTaxTax rate40.0%EquityGBX 3.41BtotalStockholderEquityDebtGBX 4.62BshortLongTermDebtTotalCashGBX 1.14BcashAndShortTermInvestmentsInvested capitalGBX 6.89BThe effective tax rate was above 40% and was capped at 40%.Result 9.8% | 0.37xEBIT / PP&E · 2021-03-31Operating income / net PP&EOperating incomeGBX 1.12BoperatingIncomeNet PP&EGBX 3.03BpropertyPlantEquipmentResult 0.37x |
| 2022 | 33.9%Physical asset ratio · 2022-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 3.51BpropertyPlantEquipmentInventoryGBX 3.00MinventoryTotal assetsGBX 10.36BtotalAssetsResult 33.9% | 1.34xFixed asset turnover · 2022-03-31Revenue / net PP&ERevenueGBX 4.71BtotalRevenueNet PP&EGBX 3.51BpropertyPlantEquipmentResult 1.34x | 0.99xCapex / D&A · 2022-03-31Capital expenditures / depreciation and amortizationCapexGBX 739.00McapitalExpendituresD&AGBX 744.00MdepreciationAndAmortizationResult 0.99x | -GBX 0.22Tangible book / share · 2022-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 10.36BtotalAssetsGoodwillGBX 3.83BgoodWillIntangiblesGBX 634.00MintangibleAssetsLiabilitiesGBX 6.72BtotalLiabTangible book-GBX 812.00MShares3,760,109,303commonStockSharesOutstandingResult -GBX 0.22 | 1.40xFixed-charge coverage · 2022-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 2.28BebitdaCapexGBX 739.00McapitalExpendituresInterestGBX 310.00MinterestExpenseShort-term debtGBX 786.00MshortLongTermDebtEBITDA − capexGBX 1.54BPrincipal due is the current portion of debt.Result 1.40x | GBX 1.27BFree cash flow · 2022-03-31Reported free cash flowOperating cash flowGBX 2.01BtotalCashFromOperatingActivitiesCapexGBX 739.00McapitalExpendituresFree cash flowGBX 1.27BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 1.27B | 22.3%ROIC · 2022-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 1.54BoperatingIncomeTax expenseGBX 469.00MincomeTaxExpensePretax incomeGBX 1.22BincomeBeforeTaxTax rate38.3%EquityGBX 3.50BtotalStockholderEquityDebtGBX 2.27BlongTermDebt + shortLongTermDebtCashGBX 1.52BcashAndShortTermInvestmentsInvested capitalGBX 4.25BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 22.3% | 0.44xEBIT / PP&E · 2022-03-31Operating income / net PP&EOperating incomeGBX 1.54BoperatingIncomeNet PP&EGBX 3.51BpropertyPlantEquipmentResult 0.44x |
| 2023 | 35.4%Physical asset ratio · 2023-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 3.94BpropertyPlantAndEquipmentNetInventoryGBX 15.00MinventoryTotal assetsGBX 11.17BtotalAssetsResult 35.4% | 1.33xFixed asset turnover · 2023-03-31Revenue / net PP&ERevenueGBX 5.26BtotalRevenueNet PP&EGBX 3.94BpropertyPlantAndEquipmentNetResult 1.33x | 1.57xCapex / D&A · 2023-03-31Capital expenditures / depreciation and amortizationCapexGBX 1.28BcapitalExpendituresD&AGBX 818.00MdepreciationAndAmortizationResult 1.57x | -GBX 0.24Tangible book / share · 2023-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 11.17BtotalAssetsGoodwillGBX 3.52BgoodWillIntangiblesGBX 1.21BintangibleAssetsLiabilitiesGBX 7.36BtotalLiabTangible book-GBX 920.00MShares3,756,867,853commonStockSharesOutstandingResult -GBX 0.24 | 0.99xFixed-charge coverage · 2023-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 2.58BebitdaCapexGBX 1.28BcapitalExpendituresInterestGBX 362.00MinterestExpenseShort-term debtGBX 944.00MshortLongTermDebtEBITDA − capexGBX 1.29BPrincipal due is the current portion of debt.Result 0.99x | GBX 927.00MFree cash flow · 2023-03-31Reported free cash flowOperating cash flowGBX 2.21BtotalCashFromOperatingActivitiesCapexGBX 1.28BcapitalExpendituresFree cash flowGBX 927.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 927.00M | 28.5%ROIC · 2023-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 1.76BoperatingIncomeTax expenseGBX 284.00MincomeTaxExpensePretax incomeGBX 1.03BincomeBeforeTaxTax rate27.5%EquityGBX 3.64BtotalStockholderEquityDebtGBX 2.18BlongTermDebt + shortLongTermDebtCashGBX 1.33BcashAndShortTermInvestmentsInvested capitalGBX 4.48BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 28.5% | 0.45xEBIT / PP&E · 2023-03-31Operating income / net PP&EOperating incomeGBX 1.76BoperatingIncomeNet PP&EGBX 3.94BpropertyPlantAndEquipmentNetResult 0.45x |
| 2024 | 36.2%Physical asset ratio · 2024-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 3.54BpropertyPlantAndEquipmentNetInventoryGBX 26.00MinventoryTotal assetsGBX 9.86BtotalAssetsResult 36.2% | 1.41xFixed asset turnover · 2024-03-31Revenue / net PP&ERevenueGBX 5.00BtotalRevenueNet PP&EGBX 3.54BpropertyPlantAndEquipmentNetResult 1.41x | 1.31xCapex / D&A · 2024-03-31Capital expenditures / depreciation and amortizationCapexGBX 1.03BcapitalExpendituresD&AGBX 788.00MdepreciationAndAmortizationResult 1.31x | -GBX 0.27Tangible book / share · 2024-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 9.86BtotalAssetsGoodwillGBX 2.57BgoodWillIntangiblesGBX 729.00MintangibleAssetsLiabilitiesGBX 7.56BtotalLiabTangible book-GBX 998.00MShares3,750,641,207commonStockSharesOutstandingResult -GBX 0.27 | 0.75xFixed-charge coverage · 2024-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 2.43BebitdaCapexGBX 1.03BcapitalExpendituresInterestGBX 435.00MinterestExpenseShort-term debtGBX 1.43BshortLongTermDebtEBITDA − capexGBX 1.40BPrincipal due is the current portion of debt.Result 0.75x | GBX 1.23BFree cash flow · 2024-03-31Reported free cash flowOperating cash flowGBX 2.26BtotalCashFromOperatingActivitiesCapexGBX 1.03BcapitalExpendituresFree cash flowGBX 1.23BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 1.23B | —ROIC · 2024-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 1.64BoperatingIncomeTax expenseGBX 26.00MincomeTaxExpensePretax income-GBX 63.00MincomeBeforeTaxTax rate—EquityGBX 2.16BtotalStockholderEquityDebtGBX 2.37BlongTermDebt + shortLongTermDebtCashGBX 966.00McashAndShortTermInvestmentsInvested capitalGBX 3.57BReported 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 — | 0.46xEBIT / PP&E · 2024-03-31Operating income / net PP&EOperating incomeGBX 1.64BoperatingIncomeNet PP&EGBX 3.54BpropertyPlantAndEquipmentNetResult 0.46x |
| 2025 | 44.3%Physical asset ratio · 2025-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 5.31BpropertyPlantAndEquipmentNetInventoryGBX 19.00MinventoryTotal assetsGBX 12.02BtotalAssetsResult 44.3% | 0.93xFixed asset turnover · 2025-03-31Revenue / net PP&ERevenueGBX 4.96BtotalRevenueNet PP&EGBX 5.31BpropertyPlantAndEquipmentNetResult 0.93x | 1.03xCapex / D&A · 2025-03-31Capital expenditures / depreciation and amortizationCapexGBX 859.00McapitalExpendituresD&AGBX 831.00MdepreciationAndAmortizationResult 1.03x | -GBX 0.28Tangible book / share · 2025-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 12.02BtotalAssetsGoodwillGBX 3.01BgoodWillIntangiblesGBX 818.00MintangibleAssetsLiabilitiesGBX 9.25BtotalLiabTangible book-GBX 1.05BShares3,707,789,495commonStockSharesOutstandingResult -GBX 0.28 | 0.73xFixed-charge coverage · 2025-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 2.13BebitdaCapexGBX 859.00McapitalExpendituresInterestGBX 635.00MinterestExpenseShort-term debtGBX 1.10BshortLongTermDebtEBITDA − capexGBX 1.27BPrincipal due is the current portion of debt.Result 0.73x | GBX 1.41BFree cash flow · 2025-03-31Reported free cash flowOperating cash flowGBX 2.27BtotalCashFromOperatingActivitiesCapexGBX 859.00McapitalExpendituresFree cash flowGBX 1.41BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 1.41B | 20.9%ROIC · 2025-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 1.46BoperatingIncomeTax expenseGBX 333.00MincomeTaxExpensePretax incomeGBX 661.00MincomeBeforeTaxTax rate40.0%EquityGBX 2.49BtotalStockholderEquityDebtGBX 2.32BlongTermDebt + shortLongTermDebtCashGBX 628.00McashAndShortTermInvestmentsInvested capitalGBX 4.18BThe effective tax rate was above 40% and was capped at 40%.Reported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 20.9% | 0.27xEBIT / PP&E · 2025-03-31Operating income / net PP&EOperating incomeGBX 1.46BoperatingIncomeNet PP&EGBX 5.31BpropertyPlantAndEquipmentNetResult 0.27x |
| 2026 | 44.9%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&EGBX 6.26BpropertyPlantAndEquipmentNetInventoryGBX 16.00MinventoryTotal assetsGBX 13.96BtotalAssetsResult 44.9% | 1.02xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenueGBX 6.42BtotalRevenueNet PP&EGBX 6.26BpropertyPlantAndEquipmentNetResult 1.02x | 0.71xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapexGBX 740.95McapitalExpendituresD&AGBX 1.05BdepreciationAndAmortizationResult 0.71x | -GBX 0.18Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 13.96BtotalAssetsGoodwillGBX 3.24BgoodWillIntangiblesGBX 895.95MintangibleAssetsLiabilitiesGBX 10.47BtotalLiabTangible book-GBX 643.97MShares3,657,400,713commonStockSharesOutstandingResult -GBX 0.18 | 1.39xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 3.25BebitdaCapexGBX 740.95McapitalExpendituresInterestGBX 786.00MinterestExpenseShort-term debtGBX 1.02BshortLongTermDebtEBITDA − capexGBX 2.51BPrincipal due is the current portion of debt.Result 1.39x | GBX 1.60BFree cash flow · 2026-03-31Reported free cash flowOperating cash flowGBX 2.34BtotalCashFromOperatingActivitiesCapexGBX 740.95McapitalExpendituresFree cash flowGBX 1.60BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 1.60B | 41.3%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 2.13BoperatingIncomeTax expenseGBX 606.00MincomeTaxExpensePretax incomeGBX 1.42BincomeBeforeTaxTax rate40.0%EquityGBX 3.15BtotalStockholderEquityDebtGBX 2.19BlongTermDebt + shortLongTermDebtCashGBX 2.25BcashAndShortTermInvestmentsInvested capitalGBX 3.08BThe effective tax rate was above 40% and was capped at 40%.Reported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 41.3% | 0.34xEBIT / PP&E · 2026-03-31Operating income / net PP&EOperating incomeGBX 2.13BoperatingIncomeNet PP&EGBX 6.26BpropertyPlantAndEquipmentNetResult 0.34x |
- Principal due is the current portion of debt.
- The effective tax rate was above 40% and was capped at 40% for ROIC.
Latest year inputs (2026)
Net PP&E: GBX 6.26B
Inventory: GBX 16.00M
Total assets: GBX 13.96B
Goodwill: GBX 3.24B
Intangibles: GBX 895.95M
Liabilities: GBX 10.47B
Tangible book: -GBX 643.97M
Shares: 3,657,400,713
Revenue: GBX 6.42B
Capex: GBX 740.95M
D&A: GBX 1.05B
EBITDA: GBX 3.25B
Interest: GBX 786.00M
Short-term debt: GBX 1.02B
Free cash flow: GBX 1.60B
Operating income: GBX 2.13B
Invested capital: GBX 3.08B
Tax rate: 40.0%