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.
AngloGold Ashanti Ltd
Physical assets are 64.8% of total assets, a heavy footprint. Capex is 1.25x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. ROIC is 42.9%, above an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 1.14x.
Physical asset ratio
64.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 8.70BpropertyPlantAndEquipmentNetInventoryZAC 1.08BinventoryTotal assetsZAC 15.08BtotalAssetsResult 64.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.14xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueZAC 9.89BtotalRevenueNet PP&EZAC 8.70BpropertyPlantAndEquipmentNetResult 1.14x
Revenue per dollar of the physical asset base.
Capex / D&A
1.25xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexZAC 1.61BcapitalExpendituresD&AZAC 1.29BdepreciationAndAmortizationResult 1.25x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ZAC 19.31Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 15.08BtotalAssetsGoodwillZAC 102.00MgoodWillIntangiblesZAC 4.00MintangibleAssetsLiabilitiesZAC 5.16BtotalLiabTangible bookZAC 9.81BShares507,900,000commonStockSharesOutstandingResult ZAC 19.31
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / shareZAC 19.312025-12-31A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
15.53xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 5.68BebitdaCapexZAC 1.61BcapitalExpendituresInterestZAC 220.00MinterestExpenseShort-term debtZAC 42.00MshortLongTermDebtEBITDA − capexZAC 4.07BPrincipal due is the current portion of debt.Result 15.53x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.4%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowZAC 3.11BfreeCashFlowMarket capZAC 691.18BMarketCapitalizationResult 0.4%
Latest free cash flow divided by current market cap (ZAC 691.18B).
ROIC
42.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 4.39BoperatingIncomeTax expenseZAC 1.10BincomeTaxExpensePretax incomeZAC 4.28BincomeBeforeTaxTax rate25.8%EquityZAC 8.09BtotalStockholderEquityDebtZAC 2.44BshortLongTermDebtTotalCashZAC 2.93BcashInvested capitalZAC 7.60BResult 42.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.50x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 60.7%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 3.38BpropertyPlantEquipmentInventoryZAC 652.00MinventoryTotal assetsZAC 6.64BtotalAssetsResult 60.7% | 0.99xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueZAC 3.34BtotalRevenueNet PP&EZAC 3.38BpropertyPlantEquipmentResult 0.99x | 0.99xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexZAC 575.00McapitalExpendituresD&AZAC 582.00MdepreciationAndAmortizationResult 0.99x | ZAC 6.16Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 6.64BtotalAssetsGoodwillZAC 116.00MgoodWillIntangiblesZAC 7.00MintangibleAssetsLiabilitiesZAC 3.95BtotalLiabTangible bookZAC 2.57BShares417,379,405commonStockSharesOutstandingResult ZAC 6.16 | 1.91xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 1.16BebitdaCapexZAC 575.00McapitalExpendituresInterestZAC 166.00MinterestExpenseShort-term debtZAC 139.00MshortTermDebtEBITDA − capexZAC 584.00MPrincipal due is short-term debt.Result 1.91x | ZAC 282.00MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowZAC 857.00MtotalCashFromOperatingActivitiesCapexZAC 575.00McapitalExpendituresFree cash flowZAC 282.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 282.00M | 6.8%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 493.00MoperatingIncomeTax expenseZAC 212.00MincomeTaxExpensePretax incomeZAC 445.00MincomeBeforeTaxTax rate40.0%EquityZAC 2.65BtotalStockholderEquityDebtZAC 2.05BshortLongTermDebtTotalCashZAC 335.00McashAndShortTermInvestmentsInvested capitalZAC 4.37BThe effective tax rate was above 40% and was capped at 40%.Result 6.8% | 0.15xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeZAC 493.00MoperatingIncomeNet PP&EZAC 3.38BpropertyPlantEquipmentResult 0.15x |
| 2019 | 49.3%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 2.75BpropertyPlantEquipmentInventoryZAC 632.00MinventoryTotal assetsZAC 6.86BtotalAssetsResult 49.3% | 1.28xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueZAC 3.53BtotalRevenueNet PP&EZAC 2.75BpropertyPlantEquipmentResult 1.28x | 1.18xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexZAC 703.00McapitalExpendituresD&AZAC 594.22MdepreciationAndAmortizationResult 1.18x | ZAC 6.10Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 6.86BtotalAssetsGoodwillZAC 116.00MgoodWillIntangiblesZAC 7.00MintangibleAssetsLiabilitiesZAC 4.19BtotalLiabTangible bookZAC 2.55BShares418,349,777commonStockSharesOutstandingResult ZAC 6.10 | 0.77xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 1.38BebitdaCapexZAC 703.00McapitalExpendituresInterestZAC 143.00MinterestExpenseShort-term debtZAC 734.00MshortLongTermDebtEBITDA − capexZAC 678.22MPrincipal due is the current portion of debt.Result 0.77x | ZAC 344.00MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowZAC 1.05BtotalCashFromOperatingActivitiesCapexZAC 703.00McapitalExpendituresFree cash flowZAC 344.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 344.00M | 8.5%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 621.00MoperatingIncomeTax expenseZAC 250.00MincomeTaxExpensePretax incomeZAC 619.00MincomeBeforeTaxTax rate40.0%EquityZAC 2.64BtotalStockholderEquityDebtZAC 2.20BshortLongTermDebtTotalCashZAC 466.00McashAndShortTermInvestmentsInvested capitalZAC 4.38BThe effective tax rate was above 40% and was capped at 40%.Result 8.5% | 0.23xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeZAC 621.00MoperatingIncomeNet PP&EZAC 2.75BpropertyPlantEquipmentResult 0.23x |
| 2020 | 49.0%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 3.03BpropertyPlantEquipmentInventoryZAC 733.00MinventoryTotal assetsZAC 7.67BtotalAssetsResult 49.0% | 1.52xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueZAC 4.60BtotalRevenueNet PP&EZAC 3.03BpropertyPlantEquipmentResult 1.52x | 1.22xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexZAC 702.00McapitalExpendituresD&AZAC 575.00MdepreciationAndAmortizationResult 1.22x | ZAC 8.60Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 7.67BtotalAssetsGoodwillZAC 126.00MgoodWillIntangiblesZAC 5.00MintangibleAssetsLiabilitiesZAC 3.93BtotalLiabTangible bookZAC 3.61BShares419,481,450commonStockSharesOutstandingResult ZAC 8.60 | 5.91xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 2.36BebitdaCapexZAC 702.00McapitalExpendituresInterestZAC 138.00MinterestExpenseShort-term debtZAC 142.00MshortLongTermDebtEBITDA − capexZAC 1.65BPrincipal due is the current portion of debt.Result 5.91x | ZAC 952.00MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowZAC 1.65BtotalCashFromOperatingActivitiesCapexZAC 702.00McapitalExpendituresFree cash flowZAC 952.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 952.00M | 20.9%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 1.50BoperatingIncomeTax expenseZAC 625.00MincomeTaxExpensePretax incomeZAC 1.63BincomeBeforeTaxTax rate38.4%EquityZAC 3.70BtotalStockholderEquityDebtZAC 2.08BshortLongTermDebtTotalCashZAC 1.37BcashAndShortTermInvestmentsInvested capitalZAC 4.41BResult 20.9% | 0.49xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeZAC 1.50BoperatingIncomeNet PP&EZAC 3.03BpropertyPlantEquipmentResult 0.49x |
| 2021 | 54.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 3.68BpropertyPlantAndEquipmentNetInventoryZAC 703.00MinventoryTotal assetsZAC 8.01BtotalAssetsResult 54.8% | 1.09xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueZAC 4.03BtotalRevenueNet PP&EZAC 3.68BpropertyPlantAndEquipmentNetResult 1.09x | 2.16xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexZAC 1.03BcapitalExpendituresD&AZAC 477.00MdepreciationAndAmortizationResult 2.16x | ZAC 9.47Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 8.01BtotalAssetsGoodwillZAC 119.00MgoodWillIntangiblesZAC 3.00MintangibleAssetsLiabilitiesZAC 3.91BtotalLiabTangible bookZAC 3.98BShares420,056,703commonStockSharesOutstandingResult ZAC 9.47 | 1.61xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 1.29BebitdaCapexZAC 1.03BcapitalExpendituresInterestZAC 110.00MinterestExpenseShort-term debtZAC 51.00MshortLongTermDebtEBITDA − capexZAC 260.00MPrincipal due is the current portion of debt.Result 1.61x | ZAC 240.00MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowZAC 1.27BtotalCashFromOperatingActivitiesCapexZAC 1.03BcapitalExpendituresFree cash flowZAC 240.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 240.00M | 12.6%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 935.00MoperatingIncomeTax expenseZAC 311.00MincomeTaxExpensePretax incomeZAC 949.00MincomeBeforeTaxTax rate32.8%EquityZAC 4.05BtotalStockholderEquityDebtZAC 2.09BshortLongTermDebtTotalCashZAC 1.15BcashAndShortTermInvestmentsInvested capitalZAC 4.99BResult 12.6% | 0.25xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeZAC 935.00MoperatingIncomeNet PP&EZAC 3.68BpropertyPlantAndEquipmentNetResult 0.25x |
| 2022 | 64.1%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 4.37BpropertyPlantEquipmentInventoryZAC 773.00MinventoryTotal assetsZAC 8.01BtotalAssetsResult 64.1% | 1.03xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueZAC 4.50BtotalRevenueNet PP&EZAC 4.37BpropertyPlantEquipmentResult 1.03x | 1.61xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexZAC 1.03BcapitalExpendituresD&AZAC 637.00MdepreciationAndAmortizationResult 1.61x | ZAC 9.43Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 8.01BtotalAssetsGoodwillZAC 105.00MgoodWillIntangiblesZAC 1.00MintangibleAssetsLiabilitiesZAC 3.94BtotalLiabTangible bookZAC 3.97BShares420,869,866commonStockSharesOutstandingResult ZAC 9.43 | 1.38xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 1.25BebitdaCapexZAC 1.03BcapitalExpendituresInterestZAC 141.00MinterestExpenseShort-term debtZAC 20.00MshortLongTermDebtEBITDA − capexZAC 222.00MPrincipal due is the current portion of debt.Result 1.38x | ZAC 776.00MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowZAC 1.80BtotalCashFromOperatingActivitiesCapexZAC 1.03BcapitalExpendituresFree cash flowZAC 776.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 776.00M | 6.1%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 519.00MoperatingIncomeTax expenseZAC 221.00MincomeTaxExpensePretax incomeZAC 472.00MincomeBeforeTaxTax rate40.0%EquityZAC 4.04BtotalStockholderEquityDebtZAC 2.17BshortLongTermDebtTotalCashZAC 1.11BcashAndShortTermInvestmentsInvested capitalZAC 5.10BThe effective tax rate was above 40% and was capped at 40%.Result 6.1% | 0.12xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeZAC 519.00MoperatingIncomeNet PP&EZAC 4.37BpropertyPlantEquipmentResult 0.12x |
| 2023 | 65.9%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 4.56BpropertyPlantAndEquipmentNetInventoryZAC 829.00MinventoryTotal assetsZAC 8.18BtotalAssetsResult 65.9% | 1.00xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueZAC 4.58BtotalRevenueNet PP&EZAC 4.56BpropertyPlantAndEquipmentNetResult 1.00x | 1.58xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexZAC 1.04BcapitalExpendituresD&AZAC 658.00MdepreciationAndAmortizationResult 1.58x | ZAC 8.63Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 8.18BtotalAssetsGoodwillZAC 105.00MgoodWillIntangiblesZAC 2.00MintangibleAssetsLiabilitiesZAC 4.44BtotalLiabTangible bookZAC 3.63BShares421,105,111commonStockSharesOutstandingResult ZAC 8.63 | -0.49xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 872.00MebitdaCapexZAC 1.04BcapitalExpendituresInterestZAC 131.00MinterestExpenseShort-term debtZAC 216.00MshortLongTermDebtEBITDA − capex-ZAC 170.00MPrincipal due is the current portion of debt.Result -0.49x | -ZAC 71.00MFree cash flow · 2023-12-31Reported free cash flowOperating cash flowZAC 971.00MtotalCashFromOperatingActivitiesCapexZAC 1.04BcapitalExpendituresFree cash flow-ZAC 71.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ZAC 71.00M | 6.7%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 575.00MoperatingIncomeTax expenseZAC 285.00MincomeTaxExpensePretax incomeZAC 63.00MincomeBeforeTaxTax rate40.0%EquityZAC 3.71BtotalStockholderEquityDebtZAC 2.42BshortLongTermDebtTotalCashZAC 964.00McashInvested capitalZAC 5.17BThe effective tax rate was above 40% and was capped at 40%.Result 6.7% | 0.13xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeZAC 575.00MoperatingIncomeNet PP&EZAC 4.56BpropertyPlantAndEquipmentNetResult 0.13x |
| 2024 | 73.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 8.64BpropertyPlantAndEquipmentNetInventoryZAC 1.06BinventoryTotal assetsZAC 13.16BtotalAssetsResult 73.6% | 0.67xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueZAC 5.79BtotalRevenueNet PP&EZAC 8.64BpropertyPlantAndEquipmentNetResult 0.67x | 1.45xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexZAC 1.09BcapitalExpendituresD&AZAC 752.00MdepreciationAndAmortizationResult 1.45x | ZAC 19.53Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 13.16BtotalAssetsGoodwillZAC 95.00MgoodWillIntangiblesZAC 3.00MintangibleAssetsLiabilitiesZAC 4.64BtotalLiabTangible bookZAC 8.42BShares430,917,000commonStockSharesOutstandingResult ZAC 19.53 | 5.50xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 2.59BebitdaCapexZAC 1.09BcapitalExpendituresInterestZAC 161.00MinterestExpenseShort-term debtZAC 111.00MshortLongTermDebtEBITDA − capexZAC 1.50BPrincipal due is the current portion of debt.Result 5.50x | ZAC 878.00MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowZAC 1.97BtotalCashFromOperatingActivitiesCapexZAC 1.09BcapitalExpendituresFree cash flowZAC 878.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 878.00M | 13.2%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 1.55BoperatingIncomeTax expenseZAC 623.00MincomeTaxExpensePretax incomeZAC 1.67BincomeBeforeTaxTax rate37.3%EquityZAC 6.63BtotalStockholderEquityDebtZAC 2.15BshortLongTermDebtTotalCashZAC 1.43BcashInvested capitalZAC 7.36BResult 13.2% | 0.18xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeZAC 1.55BoperatingIncomeNet PP&EZAC 8.64BpropertyPlantAndEquipmentNetResult 0.18x |
| 2025 | 64.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EZAC 8.70BpropertyPlantAndEquipmentNetInventoryZAC 1.08BinventoryTotal assetsZAC 15.08BtotalAssetsResult 64.8% | 1.14xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueZAC 9.89BtotalRevenueNet PP&EZAC 8.70BpropertyPlantAndEquipmentNetResult 1.14x | 1.25xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexZAC 1.61BcapitalExpendituresD&AZAC 1.29BdepreciationAndAmortizationResult 1.25x | ZAC 19.31Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 15.08BtotalAssetsGoodwillZAC 102.00MgoodWillIntangiblesZAC 4.00MintangibleAssetsLiabilitiesZAC 5.16BtotalLiabTangible bookZAC 9.81BShares507,900,000commonStockSharesOutstandingResult ZAC 19.31 | 15.53xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 5.68BebitdaCapexZAC 1.61BcapitalExpendituresInterestZAC 220.00MinterestExpenseShort-term debtZAC 42.00MshortLongTermDebtEBITDA − capexZAC 4.07BPrincipal due is the current portion of debt.Result 15.53x | ZAC 3.11BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowZAC 4.71BtotalCashFromOperatingActivitiesCapexZAC 1.61BcapitalExpendituresFree cash flowZAC 3.11BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 3.11B | 42.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 4.39BoperatingIncomeTax expenseZAC 1.10BincomeTaxExpensePretax incomeZAC 4.28BincomeBeforeTaxTax rate25.8%EquityZAC 8.09BtotalStockholderEquityDebtZAC 2.44BshortLongTermDebtTotalCashZAC 2.93BcashInvested capitalZAC 7.60BResult 42.9% | 0.50xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeZAC 4.39BoperatingIncomeNet PP&EZAC 8.70BpropertyPlantAndEquipmentNetResult 0.50x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: ZAC 8.70B
Inventory: ZAC 1.08B
Total assets: ZAC 15.08B
Goodwill: ZAC 102.00M
Intangibles: ZAC 4.00M
Liabilities: ZAC 5.16B
Tangible book: ZAC 9.81B
Shares: 507,900,000
Revenue: ZAC 9.89B
Capex: ZAC 1.61B
D&A: ZAC 1.29B
EBITDA: ZAC 5.68B
Interest: ZAC 220.00M
Short-term debt: ZAC 42.00M
Free cash flow: ZAC 3.11B
Operating income: ZAC 4.39B
Invested capital: ZAC 7.60B
Tax rate: 25.8%