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.
LION ASIAPAC LTD
Physical assets are 14.3% of total assets, a light footprint. Capex is 0.33x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.11x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 7.40x.
Physical asset ratio
14.3%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&E$3.12MpropertyPlantAndEquipmentNetInventory$5.75MinventoryTotal assets$62.15MtotalAssetsResult 14.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
7.40xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenue$23.08MtotalRevenueNet PP&E$3.12MpropertyPlantAndEquipmentNetResult 7.40x
Revenue per dollar of the physical asset base.
Capex / D&A
0.33xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapex$122.00KcapitalExpendituresD&A$368.00KreconciledDepreciationResult 0.33x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$0.62Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$62.15MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$625.00KintangibleAssetsLiabilities$10.90MtotalLiabTangible book$50.63MShares81,104,539commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.62
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.35xPrice / tangible bookPrice / tangible book per sharePrice$0.22Latest quoteTangible book / share$0.622026-06-30Result 0.35x
Price $0.22.
Fixed-charge coverage
0.11xFixed-charge coverage · 2026-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$609.00KebitdaCapex$122.00KcapitalExpendituresInterest$276.00KinterestExpenseShort-term debt$4.11MshortLongTermDebtEBITDA − capex$487.00KPrincipal due is the current portion of debt.Result 0.11x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
28.3%Free cash flow yield · 2026-06-30Latest free cash flow / current market capFree cash flow$5.05MfreeCashFlowMarket cap$17.84MMarketCapitalizationResult 28.3%
Latest free cash flow divided by current market cap ($17.84M).
ROIC
—ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$605.00KoperatingIncomeTax expense$502.00KtaxProvisionPretax income-$35.00KincomeBeforeTaxTax rate—Equity$50.26MtotalStockholderEquityDebt$4.11MshortLongTermDebtCash$46.45McashInvested capital$7.91MROIC 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 0.19x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 8.8%Physical asset ratio · 2019-06-30(Net PP&E + inventory) / total assetsNet PP&E$2.71MpropertyPlantEquipmentInventory$4.31MinventoryTotal assets$79.39MtotalAssetsResult 8.8% | 12.02xFixed asset turnover · 2019-06-30Revenue / net PP&ERevenue$32.53MtotalRevenueNet PP&E$2.71MpropertyPlantEquipmentResult 12.02x | 0.34xCapex / D&A · 2019-06-30Capital expenditures / depreciation and amortizationCapex$254.00KcapitalExpendituresD&A$752.00KreconciledDepreciationResult 0.34x | $0.94Tangible book / share · 2019-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$79.39MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.93MtotalLiabTangible book$76.46MShares81,105,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.94 | —Fixed-charge coverage · 2019-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$5.55MebitdaCapex$254.00KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex$5.29MResult — | -$912.00KFree cash flow · 2019-06-30Reported free cash flowOperating cash flow-$658.00KtotalCashFromOperatingActivitiesCapex$254.00KcapitalExpendituresFree cash flow-$912.00KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$912.00K | —ROIC · 2019-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$375.00KoperatingIncomeTax expense$142.00KincomeTaxExpensePretax income-$964.00KincomeBeforeTaxTax rate—Equity$76.46MtotalStockholderEquityDebt—Not reportedCash$67.04McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.14xEBIT / PP&E · 2019-06-30Operating income / net PP&EOperating income$375.00KoperatingIncomeNet PP&E$2.71MpropertyPlantEquipmentResult 0.14x |
| 2020 | 8.9%Physical asset ratio · 2020-06-30(Net PP&E + inventory) / total assetsNet PP&E$3.51MpropertyPlantEquipmentInventory$3.33MinventoryTotal assets$76.83MtotalAssetsResult 8.9% | 4.79xFixed asset turnover · 2020-06-30Revenue / net PP&ERevenue$16.83MtotalRevenueNet PP&E$3.51MpropertyPlantEquipmentResult 4.79x | 0.53xCapex / D&A · 2020-06-30Capital expenditures / depreciation and amortizationCapex$453.00KcapitalExpendituresD&A$854.00KreconciledDepreciationResult 0.53x | $0.89Tangible book / share · 2020-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$76.83MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$4.34MtotalLiabTangible book$72.49MShares81,105,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.89 | 11.50xFixed-charge coverage · 2020-06-30(EBITDA − capex) / interestEBITDA$1.64MebitdaCapex$453.00KcapitalExpendituresInterest$103.00KinterestExpenseEBITDA − capex$1.18MShort-term debt was not reported, so the denominator is interest only.Result 11.50x | $1.66MFree cash flow · 2020-06-30Reported free cash flowOperating cash flow$2.11MtotalCashFromOperatingActivitiesCapex$453.00KcapitalExpendituresFree cash flow$1.66MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.66M | —ROIC · 2020-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$792.00KoperatingIncomeTax expense$139.00KincomeTaxExpensePretax income$680.00KincomeBeforeTaxTax rate20.4%Equity$72.49MtotalStockholderEquityDebt—Not reportedCash$65.05McashInvested capital—Result — | 0.23xEBIT / PP&E · 2020-06-30Operating income / net PP&EOperating income$792.00KoperatingIncomeNet PP&E$3.51MpropertyPlantEquipmentResult 0.23x |
| 2021 | 10.3%Physical asset ratio · 2021-06-30(Net PP&E + inventory) / total assetsNet PP&E$3.67MpropertyPlantEquipmentInventory$4.70MinventoryTotal assets$81.41MtotalAssetsResult 10.3% | 5.27xFixed asset turnover · 2021-06-30Revenue / net PP&ERevenue$19.33MtotalRevenueNet PP&E$3.67MpropertyPlantEquipmentResult 5.27x | 0.93xCapex / D&A · 2021-06-30Capital expenditures / depreciation and amortizationCapex$851.00KcapitalExpendituresD&A$918.00KreconciledDepreciationResult 0.93x | $0.95Tangible book / share · 2021-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$81.41MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$4.33MtotalLiabTangible book$77.08MShares81,104,539commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.95 | 12.10xFixed-charge coverage · 2021-06-30(EBITDA − capex) / interestEBITDA$2.10MebitdaCapex$851.00KcapitalExpendituresInterest$103.00KinterestExpenseEBITDA − capex$1.25MShort-term debt was not reported, so the denominator is interest only.Result 12.10x | -$3.41MFree cash flow · 2021-06-30Reported free cash flowOperating cash flow-$2.56MtotalCashFromOperatingActivitiesCapex$851.00KcapitalExpendituresFree cash flow-$3.41MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.41M | —ROIC · 2021-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$3.98MoperatingIncomeTax expense$139.00KincomeTaxExpensePretax income$1.08MincomeBeforeTaxTax rate12.9%Equity$77.08MtotalStockholderEquityDebt—Not reportedCash$64.21McashInvested capital—Result — | 1.09xEBIT / PP&E · 2021-06-30Operating income / net PP&EOperating income$3.98MoperatingIncomeNet PP&E$3.67MpropertyPlantEquipmentResult 1.09x |
| 2022 | 10.5%Physical asset ratio · 2022-06-30(Net PP&E + inventory) / total assetsNet PP&E$2.79MpropertyPlantEquipmentInventory$5.40MinventoryTotal assets$77.71MtotalAssetsResult 10.5% | 10.64xFixed asset turnover · 2022-06-30Revenue / net PP&ERevenue$29.72MtotalRevenueNet PP&E$2.79MpropertyPlantEquipmentResult 10.64x | 0.26xCapex / D&A · 2022-06-30Capital expenditures / depreciation and amortizationCapex$274.00KcapitalExpendituresD&A$1.06MreconciledDepreciationResult 0.26x | $0.89Tangible book / share · 2022-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$77.71MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$5.70MtotalLiabTangible book$72.01MShares81,105,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.89 | -5.70xFixed-charge coverage · 2022-06-30(EBITDA − capex) / interestEBITDA-$273.00KebitdaCapex$274.00KcapitalExpendituresInterest$96.00KinterestExpenseEBITDA − capex-$547.00KShort-term debt was not reported, so the denominator is interest only.Result -5.70x | -$4.16MFree cash flow · 2022-06-30Reported free cash flowOperating cash flow-$3.89MtotalCashFromOperatingActivitiesCapex$274.00KcapitalExpendituresFree cash flow-$4.16MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$4.16M | —ROIC · 2022-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$3.07MoperatingIncomeTax expense$134.00KincomeTaxExpensePretax income-$1.43MincomeBeforeTaxTax rate—Equity$72.01MtotalStockholderEquityDebt—Not reportedCash$59.64McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 1.10xEBIT / PP&E · 2022-06-30Operating income / net PP&EOperating income$3.07MoperatingIncomeNet PP&E$2.79MpropertyPlantEquipmentResult 1.10x |
| 2023 | 12.4%Physical asset ratio · 2023-06-30(Net PP&E + inventory) / total assetsNet PP&E$2.61MpropertyPlantEquipmentInventory$5.41MinventoryTotal assets$64.89MtotalAssetsResult 12.4% | 11.61xFixed asset turnover · 2023-06-30Revenue / net PP&ERevenue$30.36MtotalRevenueNet PP&E$2.61MpropertyPlantEquipmentResult 11.61x | 0.74xCapex / D&A · 2023-06-30Capital expenditures / depreciation and amortizationCapex$417.00KcapitalExpendituresD&A$561.00KreconciledDepreciationResult 0.74x | $0.72Tangible book / share · 2023-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$64.89MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$6.64MtotalLiabTangible book$58.26MShares81,105,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.72 | -28.67xFixed-charge coverage · 2023-06-30(EBITDA − capex) / interestEBITDA-$2.25MebitdaCapex$417.00KcapitalExpendituresInterest$93.00KinterestExpenseEBITDA − capex-$2.67MShort-term debt was not reported, so the denominator is interest only.Result -28.67x | $1.48MFree cash flow · 2023-06-30Reported free cash flowOperating cash flow$1.89MtotalCashFromOperatingActivitiesCapex$417.00KcapitalExpendituresFree cash flow$1.48MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.48M | —ROIC · 2023-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$2.15MoperatingIncomeTax expense$101.00KincomeTaxExpensePretax income-$2.90MincomeBeforeTaxTax rate—Equity$58.26MtotalStockholderEquityDebt$0.00shortLongTermDebtCash$48.05McashInvested capital$10.21MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.82xEBIT / PP&E · 2023-06-30Operating income / net PP&EOperating income-$2.15MoperatingIncomeNet PP&E$2.61MpropertyPlantEquipmentResult -0.82x |
| 2024 | 18.8%Physical asset ratio · 2024-06-30(Net PP&E + inventory) / total assetsNet PP&E$4.92MpropertyPlantAndEquipmentNetInventory$9.13MinventoryTotal assets$74.67MtotalAssetsResult 18.8% | 5.23xFixed asset turnover · 2024-06-30Revenue / net PP&ERevenue$25.72MtotalRevenueNet PP&E$4.92MpropertyPlantAndEquipmentNetResult 5.23x | 0.52xCapex / D&A · 2024-06-30Capital expenditures / depreciation and amortizationCapex$604.00KcapitalExpendituresD&A$1.16MreconciledDepreciationResult 0.52x | $0.74Tangible book / share · 2024-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$74.67MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$803.00KintangibleAssetsLiabilities$14.22MtotalLiabTangible book$59.64MShares81,104,539commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.74 | 0.24xFixed-charge coverage · 2024-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.99MebitdaCapex$604.00KcapitalExpendituresInterest$260.00KinterestExpenseShort-term debt$5.59MshortLongTermDebtEBITDA − capex$1.38MPrincipal due is the current portion of debt.Result 0.24x | -$5.35MFree cash flow · 2024-06-30Reported free cash flowOperating cash flow-$4.75MtotalCashFromOperatingActivitiesCapex$604.00KcapitalExpendituresFree cash flow-$5.35MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$5.35M | 3.0%ROIC · 2024-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$785.00KoperatingIncomeTax expense$76.00KtaxProvisionPretax income$570.00KincomeBeforeTaxTax rate13.3%Equity$59.24MtotalStockholderEquityDebt$5.59MshortLongTermDebtCash$42.34McashInvested capital$22.50MResult 3.0% | 0.16xEBIT / PP&E · 2024-06-30Operating income / net PP&EOperating income$785.00KoperatingIncomeNet PP&E$4.92MpropertyPlantAndEquipmentNetResult 0.16x |
| 2025 | 11.2%Physical asset ratio · 2025-06-30(Net PP&E + inventory) / total assetsNet PP&E$2.75MpropertyPlantAndEquipmentNetInventory$5.39MinventoryTotal assets$72.82MtotalAssetsResult 11.2% | 6.28xFixed asset turnover · 2025-06-30Revenue / net PP&ERevenue$17.27MtotalRevenueNet PP&E$2.75MpropertyPlantAndEquipmentNetResult 6.28x | 0.69xCapex / D&A · 2025-06-30Capital expenditures / depreciation and amortizationCapex$776.00KcapitalExpendituresD&A$1.13MreconciledDepreciationResult 0.69x | $0.74Tangible book / share · 2025-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$72.82MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$12.82MtotalLiabTangible book$60.00MShares81,104,539commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $0.74 | -0.17xFixed-charge coverage · 2025-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$69.00KebitdaCapex$776.00KcapitalExpendituresInterest$294.00KinterestExpenseShort-term debt$4.59MshortLongTermDebtEBITDA − capex-$845.00KPrincipal due is the current portion of debt.Result -0.17x | $3.36MFree cash flow · 2025-06-30Reported free cash flowOperating cash flow$4.13MtotalCashFromOperatingActivitiesCapex$776.00KcapitalExpendituresFree cash flow$3.36MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $3.36M | —ROIC · 2025-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$437.00KoperatingIncomeTax expense$82.00KtaxProvisionPretax income-$1.49MincomeBeforeTaxTax rate—Equity$58.80MtotalStockholderEquityDebt$4.59MshortLongTermDebtCash$37.69McashInvested capital$25.70MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.16xEBIT / PP&E · 2025-06-30Operating income / net PP&EOperating income$437.00KoperatingIncomeNet PP&E$2.75MpropertyPlantAndEquipmentNetResult 0.16x |
| 2026 | 14.3%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&E$3.12MpropertyPlantAndEquipmentNetInventory$5.75MinventoryTotal assets$62.15MtotalAssetsResult 14.3% | 7.40xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenue$23.08MtotalRevenueNet PP&E$3.12MpropertyPlantAndEquipmentNetResult 7.40x | 0.33xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapex$122.00KcapitalExpendituresD&A$368.00KreconciledDepreciationResult 0.33x | $0.62Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$62.15MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$625.00KintangibleAssetsLiabilities$10.90MtotalLiabTangible book$50.63MShares81,104,539commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.62 | 0.11xFixed-charge coverage · 2026-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$609.00KebitdaCapex$122.00KcapitalExpendituresInterest$276.00KinterestExpenseShort-term debt$4.11MshortLongTermDebtEBITDA − capex$487.00KPrincipal due is the current portion of debt.Result 0.11x | $5.05MFree cash flow · 2026-06-30Reported free cash flowOperating cash flow$5.17MtotalCashFromOperatingActivitiesCapex$122.00KcapitalExpendituresFree cash flow$5.05MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $5.05M | —ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$605.00KoperatingIncomeTax expense$502.00KtaxProvisionPretax income-$35.00KincomeBeforeTaxTax rate—Equity$50.26MtotalStockholderEquityDebt$4.11MshortLongTermDebtCash$46.45McashInvested capital$7.91MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.19xEBIT / PP&E · 2026-06-30Operating income / net PP&EOperating income$605.00KoperatingIncomeNet PP&E$3.12MpropertyPlantAndEquipmentNetResult 0.19x |
- 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: $3.12M
Inventory: $5.75M
Total assets: $62.15M
Goodwill: $0.00
Intangibles: $625.00K
Liabilities: $10.90M
Tangible book: $50.63M
Shares: 81,104,539
Revenue: $23.08M
Capex: $122.00K
D&A: $368.00K
EBITDA: $609.00K
Interest: $276.00K
Short-term debt: $4.11M
Free cash flow: $5.05M
Operating income: $605.00K
Invested capital: $7.91M
Tax rate: —