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.
Brand Engagement Network Inc
Physical assets are 4.0% of total assets, a light footprint. Capex is 0.01x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -1.74x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 0.45x.
Physical asset ratio
4.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$616.58KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$15.30MtotalAssetsInventory was not reported and is treated as zero.Result 4.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.45xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$275.12KtotalRevenueNet PP&E$616.58KpropertyPlantAndEquipmentNetResult 0.45x
Revenue per dollar of the physical asset base.
Capex / D&A
0.01xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$23.51KcapitalExpendituresD&A$3.87MdepreciationAndAmortizationResult 0.01x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$2.19Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$15.30MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$13.05MintangibleAssetsLiabilities$11.84MtotalLiabTangible book-$9.59MShares4,375,328commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$2.19
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$4.22Latest quoteTangible book / share-$2.192025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price $4.22.
Fixed-charge coverage
-1.74xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.35MebitdaCapex$23.51KcapitalExpendituresInterest$410.46KinterestExpenseShort-term debt$2.10MshortTermDebtEBITDA − capex-$4.37MPrincipal due is short-term debt.Result -1.74x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-14.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$5.11MfreeCashFlowMarket cap$34.93MMarketCapitalizationResult -14.6%
Latest free cash flow divided by current market cap ($34.93M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$12.63MoperatingIncomeTax expense$0.00taxProvisionPretax income-$8.63MincomeBeforeTaxTax rate—Equity$3.46MtotalStockholderEquityDebt$2.41MshortLongTermDebtTotalCash$172.12KcashInvested capital$5.70MROIC 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 -20.48x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2020 | —Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$71.55KtotalAssetsResult — | —Fixed asset turnover · 2020-12-31Revenue / net PP&ERevenue—Not reportedNet PP&E—Not reportedResult — | —Capex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex—Not reportedD&A—Not reportedResult — | —Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$71.55KtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$51.55KtotalLiabTangible book—Shares—Goodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result — | —Fixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA—Not reportedCapex—Not reportedInterest—Not reportedShort-term debt$13.64KshortTermDebtPrincipal due is short-term debt.Result — | —Free cash flow · 2020-12-31Operating cash flow − capexOperating cash flow—Not reportedCapex—Not reportedFree cash flow—Not reportedResult — | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income—Not reportedTax expense—Not reportedPretax income—Not reportedTax rate—Equity$20.00KtotalStockholderEquityDebt$13.64KshortLongTermDebtTotalCash—Not reportedInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income—Not reportedNet PP&E—Not reportedResult — |
| 2021 | —Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory-$1.25MinventoryTotal assets$310.70MtotalAssetsResult — | —Fixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$7.41KtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$236.56KdepreciationAndAmortizationResult 0.00x | $85.98Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$310.70MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$677.25KintangibleAssetsLiabilities$20.15MtotalLiabTangible book$289.87MShares3,371,500commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $85.98 | —Fixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$820.07KebitdaCapex$0.00capitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$820.07KResult — | -$1.65MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$1.65MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$1.65MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.65M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$819.77KoperatingIncomeTax expense-$237.00KincomeTaxExpensePretax income-$820.07KincomeBeforeTaxTax rate—Equity$290.55MtotalStockholderEquityDebt—Not reportedCash$861.47KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$819.77KoperatingIncomeNet PP&E—Not reportedResult — |
| 2022 | —Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$314.19MtotalAssetsResult — | —Fixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$15.64KtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$4.00capitalExpendituresD&A$76.93KdepreciationAndAmortizationResult 0.00x | $76.82Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$314.19MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$600.32KintangibleAssetsLiabilities$16.44MtotalLiabTangible book$297.15MShares3,868,100commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $76.82 | —Fixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$599.11KebitdaCapex$4.00capitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$599.11KResult — | -$648.87KFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$648.87KtotalCashFromOperatingActivitiesCapex$4.00capitalExpendituresFree cash flow-$648.87KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$648.87K | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.22MoperatingIncomeTax expense-$549.00KincomeTaxExpensePretax income-$676.04KincomeBeforeTaxTax rate—Equity$297.75MtotalStockholderEquityDebt—Not reportedCash$212.61KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$1.22MoperatingIncomeNet PP&E—Not reportedResult — |
| 2023 | 3.6%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$802.56KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$22.01MtotalAssetsInventory was not reported and is treated as zero.Result 3.6% | 0.04xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$35.21KtotalRevenueNet PP&E$802.56KpropertyPlantAndEquipmentNetResult 0.04x | 0.79xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$502.06KcapitalExpendituresD&A$637.99KdepreciationAndAmortizationResult 0.79x | -$0.06Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$22.01MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$17.88MintangibleAssetsLiabilities$4.31MtotalLiabTangible book-$187.69KShares3,385,400commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.06 | -41.24xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$11.04MebitdaCapex$502.06KcapitalExpendituresInterest$56.52KinterestExpenseShort-term debt$223.30KshortTermDebtEBITDA − capex-$11.54MPrincipal due is short-term debt.Result -41.24x | -$6.27MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$5.77MtotalCashFromOperatingActivitiesCapex$502.06KcapitalExpendituresFree cash flow-$6.27MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$6.27M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$11.68MoperatingIncomeTax expense-$168.00KincomeTaxExpensePretax income-$11.73MincomeBeforeTaxTax rate—Equity$17.69MtotalStockholderEquityDebt$1.39MshortLongTermDebtTotalCash$1.69McashInvested capital$17.40MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -14.55xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$11.68MoperatingIncomeNet PP&E$802.56KpropertyPlantAndEquipmentNetResult -14.55x |
| 2024 | 4.4%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$799.94KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$18.15MtotalAssetsInventory was not reported and is treated as zero.Result 4.4% | 0.12xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$99.79KtotalRevenueNet PP&E$799.94KpropertyPlantAndEquipmentNetResult 0.12x | 0.10xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$281.39KcapitalExpendituresD&A$2.73MdepreciationAndAmortizationResult 0.10x | -$4.10Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$18.15MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$16.12MintangibleAssetsLiabilities$15.51MtotalLiabTangible book-$13.48MShares3,290,800commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$4.10 | -10.36xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$30.78MebitdaCapex$281.39KcapitalExpendituresInterest$202.95KinterestExpenseShort-term debt$2.80MshortLongTermDebtEBITDA − capex-$31.07MPrincipal due is the current portion of debt.Result -10.36x | -$15.20MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$14.92MtotalCashFromOperatingActivitiesCapex$281.39KcapitalExpendituresFree cash flow-$15.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$15.20M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$36.47MoperatingIncomeTax expense-$33.72MincomeTaxExpensePretax income-$33.72MincomeBeforeTaxTax rate—Equity$2.64MtotalStockholderEquityDebt$3.30MshortLongTermDebtTotalCash$149.27KcashInvested capital$5.80MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -45.60xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$36.47MoperatingIncomeNet PP&E$799.94KpropertyPlantAndEquipmentNetResult -45.60x |
| 2025 | 4.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$616.58KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$15.30MtotalAssetsInventory was not reported and is treated as zero.Result 4.0% | 0.45xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$275.12KtotalRevenueNet PP&E$616.58KpropertyPlantAndEquipmentNetResult 0.45x | 0.01xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$23.51KcapitalExpendituresD&A$3.87MdepreciationAndAmortizationResult 0.01x | -$2.19Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$15.30MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$13.05MintangibleAssetsLiabilities$11.84MtotalLiabTangible book-$9.59MShares4,375,328commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$2.19 | -1.74xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.35MebitdaCapex$23.51KcapitalExpendituresInterest$410.46KinterestExpenseShort-term debt$2.10MshortTermDebtEBITDA − capex-$4.37MPrincipal due is short-term debt.Result -1.74x | -$5.11MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$5.09MtotalCashFromOperatingActivitiesCapex$23.51KcapitalExpendituresFree cash flow-$5.11MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$5.11M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$12.63MoperatingIncomeTax expense$0.00taxProvisionPretax income-$8.63MincomeBeforeTaxTax rate—Equity$3.46MtotalStockholderEquityDebt$2.41MshortLongTermDebtTotalCash$172.12KcashInvested capital$5.70MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -20.48xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$12.63MoperatingIncomeNet PP&E$616.58KpropertyPlantAndEquipmentNetResult -20.48x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $616.58K
Inventory: $0.00
Total assets: $15.30M
Goodwill: $0.00
Intangibles: $13.05M
Liabilities: $11.84M
Tangible book: -$9.59M
Shares: 4,375,328
Revenue: $275.12K
Capex: $23.51K
D&A: $3.87M
EBITDA: -$4.35M
Interest: $410.46K
Short-term debt: $2.10M
Free cash flow: -$5.11M
Operating income: -$12.63M
Invested capital: $5.70M
Tax rate: —