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.
Electra Ltd
Physical assets are 37.3% of total assets, a mixed footprint. Capex is 0.83x 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 0.18x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 5.87x.
Physical asset ratio
37.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.38BpropertyPlantAndEquipmentNetInventoryILA 2.66BinventoryTotal assetsILA 13.48BtotalAssetsResult 37.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.87xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 13.95BtotalRevenueNet PP&EILA 2.38BpropertyPlantAndEquipmentNetResult 5.87x
Revenue per dollar of the physical asset base.
Capex / D&A
0.83xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 379.00McapitalExpendituresD&AILA 458.00MdepreciationAndAmortizationResult 0.83x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ILA 10.58Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 13.48BtotalAssetsGoodwillILA 1.15BgoodWillIntangiblesILA 397.00MintangibleAssetsLiabilitiesILA 11.12BtotalLiabTangible bookILA 815.00MShares77,035,000commonStockSharesOutstandingResult ILA 10.58
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
972.63xPrice / tangible bookPrice / tangible book per sharePriceILA 10.29KLatest quoteTangible book / shareILA 10.582025-12-31Result 972.63x
Price ILA 10.29K.
Fixed-charge coverage
0.18xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 939.00MebitdaCapexILA 379.00McapitalExpendituresInterestILA 194.00MinterestExpenseShort-term debtILA 2.97BshortLongTermDebtEBITDA − capexILA 560.00MPrincipal due is the current portion of debt.Result 0.18x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.1%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowILA 4.00MfreeCashFlowMarket capILA 7.87BMarketCapitalizationResult 0.1%
Latest free cash flow divided by current market cap (ILA 7.87B).
ROIC
4.6%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 344.00MoperatingIncomeTax expenseILA 72.00MincomeTaxExpensePretax incomeILA 287.00MincomeBeforeTaxTax rate25.1%EquityILA 1.83BtotalStockholderEquityDebtILA 5.40BshortLongTermDebtTotalCashILA 1.60BcashAndShortTermInvestmentsInvested capitalILA 5.63BResult 4.6%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.14x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 19.2%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 246.26MpropertyPlantEquipmentInventoryILA 745.34MinventoryTotal assetsILA 5.16BtotalAssetsResult 19.2% | 24.60xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueILA 6.06BtotalRevenueNet PP&EILA 246.26MpropertyPlantEquipmentResult 24.60x | 1.30xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexILA 104.85McapitalExpendituresD&AILA 80.89MdepreciationAndAmortizationResult 1.30x | -ILA 5.70Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 5.16BtotalAssetsGoodwillILA 720.85MgoodWillIntangiblesILA 720.85MintangibleAssetsLiabilitiesILA 4.13BtotalLiabTangible book-ILA 418.19MShares73,420,000commonStockSharesOutstandingResult -ILA 5.70 | 0.57xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 365.83MebitdaCapexILA 104.85McapitalExpendituresInterestILA 61.97MinterestExpenseShort-term debtILA 392.81MshortTermDebtEBITDA − capexILA 260.99MPrincipal due is short-term debt.Result 0.57x | -ILA 122.39MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-ILA 17.55MtotalCashFromOperatingActivitiesCapexILA 104.85McapitalExpendituresFree cash flow-ILA 122.39MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ILA 122.39M | 11.0%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 263.47MoperatingIncomeTax expenseILA 59.85MincomeTaxExpensePretax incomeILA 241.49MincomeBeforeTaxTax rate24.8%EquityILA 984.12MtotalStockholderEquityDebtILA 1.39BshortLongTermDebtTotalCashILA 567.11McashAndShortTermInvestmentsInvested capitalILA 1.80BResult 11.0% | 1.07xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeILA 263.47MoperatingIncomeNet PP&EILA 246.26MpropertyPlantEquipmentResult 1.07x |
| 2019 | 17.7%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 573.37MpropertyPlantEquipmentInventoryILA 499.40MinventoryTotal assetsILA 6.07BtotalAssetsResult 17.7% | 12.22xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueILA 7.01BtotalRevenueNet PP&EILA 573.37MpropertyPlantEquipmentResult 12.22x | 1.53xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexILA 278.66McapitalExpendituresD&AILA 181.76MdepreciationAndAmortizationResult 1.53x | ILA 0.38Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 6.07BtotalAssetsGoodwillILA 574.05MgoodWillIntangiblesILA 523.53MintangibleAssetsLiabilitiesILA 4.95BtotalLiabTangible bookILA 27.93MShares73,840,000commonStockSharesOutstandingResult ILA 0.38 | 0.88xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 603.38MebitdaCapexILA 278.66McapitalExpendituresInterestILA 52.85MinterestExpenseShort-term debtILA 316.15MshortLongTermDebtEBITDA − capexILA 324.72MPrincipal due is the current portion of debt.Result 0.88x | ILA 111.51MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowILA 390.16MtotalCashFromOperatingActivitiesCapexILA 278.66McapitalExpendituresFree cash flowILA 111.51MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 111.51M | 9.1%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 293.74MoperatingIncomeTax expenseILA 101.68MincomeTaxExpensePretax incomeILA 368.77MincomeBeforeTaxTax rate27.6%EquityILA 1.09BtotalStockholderEquityDebtILA 1.82BshortLongTermDebtTotalCashILA 566.14McashAndShortTermInvestmentsInvested capitalILA 2.34BResult 9.1% | 0.51xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeILA 293.74MoperatingIncomeNet PP&EILA 573.37MpropertyPlantEquipmentResult 0.51x |
| 2020 | 17.4%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 640.58MpropertyPlantEquipmentInventoryILA 516.36MinventoryTotal assetsILA 6.63BtotalAssetsResult 17.4% | 12.05xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueILA 7.72BtotalRevenueNet PP&EILA 640.58MpropertyPlantEquipmentResult 12.05x | 0.79xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexILA 155.20McapitalExpendituresD&AILA 195.47MdepreciationAndAmortizationResult 0.79x | -ILA 1.31Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 6.63BtotalAssetsGoodwillILA 622.00MgoodWillIntangiblesILA 670.66MintangibleAssetsLiabilitiesILA 5.44BtotalLiabTangible book-ILA 100.00MShares76,360,000commonStockSharesOutstandingResult -ILA 1.31 | 0.93xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 519.10MebitdaCapexILA 155.20McapitalExpendituresInterestILA 49.13MinterestExpenseShort-term debtILA 343.72MshortLongTermDebtEBITDA − capexILA 363.91MPrincipal due is the current portion of debt.Result 0.93x | ILA 337.76MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowILA 492.96MtotalCashFromOperatingActivitiesCapexILA 155.20McapitalExpendituresFree cash flowILA 337.76MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 337.76M | 10.8%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 361.15MoperatingIncomeTax expenseILA 93.30MincomeTaxExpensePretax incomeILA 274.51MincomeBeforeTaxTax rate34.0%EquityILA 1.17BtotalStockholderEquityDebtILA 2.01BshortLongTermDebtTotalCashILA 982.67McashAndShortTermInvestmentsInvested capitalILA 2.20BResult 10.8% | 0.56xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeILA 361.15MoperatingIncomeNet PP&EILA 640.58MpropertyPlantEquipmentResult 0.56x |
| 2021 | 23.7%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.01BpropertyPlantEquipmentInventoryILA 1.06BinventoryTotal assetsILA 8.74BtotalAssetsResult 23.7% | 8.88xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueILA 8.97BtotalRevenueNet PP&EILA 1.01BpropertyPlantEquipmentResult 8.88x | 0.57xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexILA 183.77McapitalExpendituresD&AILA 323.21MdepreciationAndAmortizationResult 0.57x | -ILA 6.74Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 8.74BtotalAssetsGoodwillILA 860.27MgoodWillIntangiblesILA 998.70MintangibleAssetsLiabilitiesILA 7.40BtotalLiabTangible book-ILA 516.25MShares76,580,000commonStockSharesOutstandingResult -ILA 6.74 | 0.43xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 729.92MebitdaCapexILA 183.77McapitalExpendituresInterestILA 81.35MinterestExpenseShort-term debtILA 1.20BshortLongTermDebtEBITDA − capexILA 546.15MPrincipal due is the current portion of debt.Result 0.43x | -ILA 407.55MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-ILA 223.78MtotalCashFromOperatingActivitiesCapexILA 183.77McapitalExpendituresFree cash flow-ILA 407.55MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ILA 407.55M | 6.7%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 395.65MoperatingIncomeTax expenseILA 98.12MincomeTaxExpensePretax incomeILA 325.35MincomeBeforeTaxTax rate30.2%EquityILA 1.22BtotalStockholderEquityDebtILA 3.55BshortLongTermDebtTotalCashILA 681.14McashAndShortTermInvestmentsInvested capitalILA 4.09BResult 6.7% | 0.39xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeILA 395.65MoperatingIncomeNet PP&EILA 1.01BpropertyPlantEquipmentResult 0.39x |
| 2022 | 26.1%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 988.91MpropertyPlantEquipmentInventoryILA 1.76BinventoryTotal assetsILA 10.53BtotalAssetsResult 26.1% | 10.97xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueILA 10.85BtotalRevenueNet PP&EILA 988.91MpropertyPlantEquipmentResult 10.97x | 0.41xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexILA 159.92McapitalExpendituresD&AILA 393.04MdepreciationAndAmortizationResult 0.41x | ILA 2.09Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 10.53BtotalAssetsGoodwillILA 1.06BgoodWillIntangiblesILA 556.43MintangibleAssetsLiabilitiesILA 8.75BtotalLiabTangible bookILA 160.70MShares76,920,000commonStockSharesOutstandingResult ILA 2.09 | 0.43xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 974.88MebitdaCapexILA 159.92McapitalExpendituresInterestILA 99.12MinterestExpenseShort-term debtILA 1.79BshortLongTermDebtEBITDA − capexILA 814.96MPrincipal due is the current portion of debt.Result 0.43x | -ILA 503.57MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-ILA 343.65MtotalCashFromOperatingActivitiesCapexILA 159.92McapitalExpendituresFree cash flow-ILA 503.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ILA 503.57M | 6.7%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 437.64MoperatingIncomeTax expenseILA 137.77MincomeTaxExpensePretax incomeILA 482.72MincomeBeforeTaxTax rate28.5%EquityILA 1.54BtotalStockholderEquityDebtILA 3.82BshortLongTermDebtTotalCashILA 687.89McashAndShortTermInvestmentsInvested capitalILA 4.67BResult 6.7% | 0.44xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeILA 437.64MoperatingIncomeNet PP&EILA 988.91MpropertyPlantEquipmentResult 0.44x |
| 2023 | 26.4%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.10BpropertyPlantAndEquipmentNetInventoryILA 1.85BinventoryTotal assetsILA 11.16BtotalAssetsResult 26.4% | 10.55xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueILA 11.62BtotalRevenueNet PP&EILA 1.10BpropertyPlantAndEquipmentNetResult 10.55x | 0.55xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexILA 226.57McapitalExpendituresD&AILA 410.00MdepreciationAndAmortizationResult 0.55x | ILA 5.19Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 11.16BtotalAssetsGoodwillILA 1.06BgoodWillIntangiblesILA 452.36MintangibleAssetsLiabilitiesILA 9.25BtotalLiabTangible bookILA 398.13MShares76,740,000commonStockSharesOutstandingResult ILA 5.19 | 0.33xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 880.89MebitdaCapexILA 226.57McapitalExpendituresInterestILA 126.00MinterestExpenseShort-term debtILA 1.83BshortLongTermDebtEBITDA − capexILA 654.31MPrincipal due is the current portion of debt.Result 0.33x | -ILA 46.66MFree cash flow · 2023-12-31Reported free cash flowOperating cash flowILA 157.00MtotalCashFromOperatingActivitiesCapexILA 226.57McapitalExpendituresFree cash flow-ILA 46.66MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ILA 46.66M | 6.3%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 452.34MoperatingIncomeTax expenseILA 101.59MincomeTaxExpensePretax incomeILA 344.85MincomeBeforeTaxTax rate29.5%EquityILA 1.63BtotalStockholderEquityDebtILA 4.15BshortLongTermDebtTotalCashILA 710.56McashInvested capitalILA 5.07BResult 6.3% | 0.41xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeILA 452.34MoperatingIncomeNet PP&EILA 1.10BpropertyPlantAndEquipmentNetResult 0.41x |
| 2024 | 26.5%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.30BpropertyPlantAndEquipmentNetInventoryILA 1.92BinventoryTotal assetsILA 12.15BtotalAssetsResult 26.5% | 9.50xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueILA 12.33BtotalRevenueNet PP&EILA 1.30BpropertyPlantAndEquipmentNetResult 9.50x | 0.91xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexILA 382.00McapitalExpendituresD&AILA 420.00MdepreciationAndAmortizationResult 0.91x | ILA 11.63Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 12.15BtotalAssetsGoodwillILA 1.07BgoodWillIntangiblesILA 364.00MintangibleAssetsLiabilitiesILA 9.82BtotalLiabTangible bookILA 893.00MShares76,800,000commonStockSharesOutstandingResult ILA 11.63 | 0.27xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 931.00MebitdaCapexILA 382.00McapitalExpendituresInterestILA 152.00MinterestExpenseShort-term debtILA 1.89BshortLongTermDebtEBITDA − capexILA 549.00MPrincipal due is the current portion of debt.Result 0.27x | ILA 35.00MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowILA 417.00MtotalCashFromOperatingActivitiesCapexILA 382.00McapitalExpendituresFree cash flowILA 35.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 35.00M | 5.9%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 443.00MoperatingIncomeTax expenseILA 99.00MincomeTaxExpensePretax incomeILA 359.00MincomeBeforeTaxTax rate27.6%EquityILA 1.81BtotalStockholderEquityDebtILA 4.85BshortLongTermDebtTotalCashILA 1.22BcashAndShortTermInvestmentsInvested capitalILA 5.43BResult 5.9% | 0.34xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeILA 443.00MoperatingIncomeNet PP&EILA 1.30BpropertyPlantAndEquipmentNetResult 0.34x |
| 2025 | 37.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 2.38BpropertyPlantAndEquipmentNetInventoryILA 2.66BinventoryTotal assetsILA 13.48BtotalAssetsResult 37.3% | 5.87xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 13.95BtotalRevenueNet PP&EILA 2.38BpropertyPlantAndEquipmentNetResult 5.87x | 0.83xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 379.00McapitalExpendituresD&AILA 458.00MdepreciationAndAmortizationResult 0.83x | ILA 10.58Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 13.48BtotalAssetsGoodwillILA 1.15BgoodWillIntangiblesILA 397.00MintangibleAssetsLiabilitiesILA 11.12BtotalLiabTangible bookILA 815.00MShares77,035,000commonStockSharesOutstandingResult ILA 10.58 | 0.18xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 939.00MebitdaCapexILA 379.00McapitalExpendituresInterestILA 194.00MinterestExpenseShort-term debtILA 2.97BshortLongTermDebtEBITDA − capexILA 560.00MPrincipal due is the current portion of debt.Result 0.18x | ILA 4.00MFree cash flow · 2025-12-31Reported free cash flowOperating cash flowILA 383.00MtotalCashFromOperatingActivitiesCapexILA 379.00McapitalExpendituresFree cash flowILA 4.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 4.00M | 4.6%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 344.00MoperatingIncomeTax expenseILA 72.00MincomeTaxExpensePretax incomeILA 287.00MincomeBeforeTaxTax rate25.1%EquityILA 1.83BtotalStockholderEquityDebtILA 5.40BshortLongTermDebtTotalCashILA 1.60BcashAndShortTermInvestmentsInvested capitalILA 5.63BResult 4.6% | 0.14xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeILA 344.00MoperatingIncomeNet PP&EILA 2.38BpropertyPlantAndEquipmentNetResult 0.14x |
- 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 (2025)
Net PP&E: ILA 2.38B
Inventory: ILA 2.66B
Total assets: ILA 13.48B
Goodwill: ILA 1.15B
Intangibles: ILA 397.00M
Liabilities: ILA 11.12B
Tangible book: ILA 815.00M
Shares: 77,035,000
Revenue: ILA 13.95B
Capex: ILA 379.00M
D&A: ILA 458.00M
EBITDA: ILA 939.00M
Interest: ILA 194.00M
Short-term debt: ILA 2.97B
Free cash flow: ILA 4.00M
Operating income: ILA 344.00M
Invested capital: ILA 5.63B
Tax rate: 25.1%