Firstrand Ltd

FSR.JSE · Financial Services · Banks - Diversified · ZAC · Fundamentals
Financials

Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 1.03x 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. EBITDA after capex covers debt service by 0.60x, which is below 1.

Fixed-asset turnover is 5.55x. Compare it with other names in the same basket.

Physical asset ratio
0.9%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 23.96BpropertyPlantAndEquipmentNetInventoryZAC 0.00Not reported, treated as 0Total assetsZAC 2,742.63BtotalAssetsInventory was not reported and is treated as zero.Result 0.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.55xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenueZAC 132.90BtotalRevenueNet PP&EZAC 23.96BpropertyPlantAndEquipmentNetResult 5.55x
Revenue per dollar of the physical asset base.
Capex / D&A
1.03xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapexZAC 5.29BcapitalExpendituresD&AZAC 5.12BdepreciationAndAmortizationResult 1.03x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ZAC 39.36Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 2,742.63BtotalAssetsGoodwillZAC 100.00MgoodWillIntangiblesZAC 2.05BintangibleAssetsLiabilitiesZAC 2,520.66BtotalLiabTangible bookZAC 219.81BShares5,585,340,000commonStockSharesOutstandingResult ZAC 39.36
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / shareZAC 39.362026-06-30A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
0.60xFixed-charge coverage · 2026-06-30(EBITDA − capex) / interestEBITDAZAC 56.63BebitdaCapexZAC 5.29BcapitalExpendituresInterestZAC 85.26BinterestExpenseEBITDA − capexZAC 51.35BShort-term debt was not reported, so the denominator is interest only.Result 0.60x
EBITDA minus capex, divided by interest only.
FCF yield
10.6%Free cash flow yield · 2026-06-30Latest free cash flow / current market capFree cash flowZAC 54.23BfreeCashFlowMarket capZAC 511.71BMarketCapitalizationResult 10.6%
Latest free cash flow divided by current market cap (ZAC 511.71B).
ROIC
—ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 53.64BoperatingIncomeTax expenseZAC 11.73BincomeTaxExpensePretax incomeZAC 53.64BincomeBeforeTaxTax rate21.9%EquityZAC 216.05BtotalStockholderEquityDebtZAC 72.39BshortLongTermDebtTotalCashZAC 329.80BcashAndShortTermInvestmentsInvested capital—Result —
After-tax operating income over equity plus debt minus cash. Operating income / net PP&E is 2.24x.

Footprint and return

Turnover and reinvestment

Year Physical FAT Capex/D&A TBV/sh Coverage FCF ROIC EBIT/PP&E
2019 -8.4%Physical asset ratio · 2019-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 17.80BpropertyPlantEquipmentInventory-ZAC 157.61BinventoryTotal assetsZAC 1,669.06BtotalAssetsResult -8.4% 9.98xFixed asset turnover · 2019-06-30Revenue / net PP&ERevenueZAC 177.64BtotalRevenueNet PP&EZAC 17.80BpropertyPlantEquipmentResult 9.98x 1.45xCapex / D&A · 2019-06-30Capital expenditures / depreciation and amortizationCapexZAC 4.19BcapitalExpendituresD&AZAC 2.89BdepreciationAndAmortizationResult 1.45x ZAC 23.91Tangible book / share · 2019-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 1,669.06BtotalAssetsGoodwillZAC 7.25BgoodWillIntangiblesZAC 3.24BintangibleAssetsLiabilitiesZAC 1,524.47BtotalLiabTangible bookZAC 134.10BShares5,609,042,896commonStockSharesOutstandingResult ZAC 23.91 0.36xFixed-charge coverage · 2019-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 43.33BebitdaCapexZAC 4.19BcapitalExpendituresInterestZAC 65.06BinterestExpenseShort-term debtZAC 42.91BshortTermDebtEBITDA − capexZAC 39.14BPrincipal due is short-term debt.Result 0.36x ZAC 3.54BFree cash flow · 2019-06-30Reported free cash flowOperating cash flowZAC 7.73BtotalCashFromOperatingActivitiesCapexZAC 4.19BcapitalExpendituresFree cash flowZAC 3.54BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 3.54B 9.9%ROIC · 2019-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 40.44BoperatingIncomeTax expenseZAC 9.91BincomeTaxExpensePretax incomeZAC 40.44BincomeBeforeTaxTax rate24.5%EquityZAC 140.41BtotalStockholderEquityDebtZAC 272.47BshortLongTermDebtTotalCashZAC 104.66BcashInvested capitalZAC 308.22BResult 9.9% 2.27xEBIT / PP&E · 2019-06-30Operating income / net PP&EOperating incomeZAC 40.44BoperatingIncomeNet PP&EZAC 17.80BpropertyPlantEquipmentResult 2.27x
2020 -13.5%Physical asset ratio · 2020-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 21.37BpropertyPlantEquipmentInventory-ZAC 282.11BinventoryTotal assetsZAC 1,926.54BtotalAssetsResult -13.5% 8.00xFixed asset turnover · 2020-06-30Revenue / net PP&ERevenueZAC 171.06BtotalRevenueNet PP&EZAC 21.37BpropertyPlantEquipmentResult 8.00x 1.45xCapex / D&A · 2020-06-30Capital expenditures / depreciation and amortizationCapexZAC 5.96BcapitalExpendituresD&AZAC 4.11BdepreciationAndAmortizationResult 1.45x ZAC 25.01Tangible book / share · 2020-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 1,926.54BtotalAssetsGoodwillZAC 8.39BgoodWillIntangiblesZAC 3.25BintangibleAssetsLiabilitiesZAC 1,774.62BtotalLiabTangible bookZAC 140.28BShares5,608,161,000commonStockSharesOutstandingResult ZAC 25.01 0.25xFixed-charge coverage · 2020-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 27.71BebitdaCapexZAC 5.96BcapitalExpendituresInterestZAC 59.44BinterestExpenseShort-term debtZAC 28.34BshortTermDebtEBITDA − capexZAC 21.75BPrincipal due is short-term debt.Result 0.25x ZAC 33.89BFree cash flow · 2020-06-30Reported free cash flowOperating cash flowZAC 39.85BtotalCashFromOperatingActivitiesCapexZAC 5.96BcapitalExpendituresFree cash flowZAC 33.89BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 33.89B 48.7%ROIC · 2020-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 23.60BoperatingIncomeTax expenseZAC 4.85BincomeTaxExpensePretax incomeZAC 23.60BincomeBeforeTaxTax rate20.5%EquityZAC 147.77BtotalStockholderEquityDebtZAC 27.81BlongTermDebt + shortLongTermDebtCashZAC 137.05BcashInvested capitalZAC 38.53BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 48.7% 1.10xEBIT / PP&E · 2020-06-30Operating income / net PP&EOperating incomeZAC 23.60BoperatingIncomeNet PP&EZAC 21.37BpropertyPlantEquipmentResult 1.10x
2021 -10.0%Physical asset ratio · 2021-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 20.19BpropertyPlantEquipmentInventory-ZAC 208.15BinventoryTotal assetsZAC 1,886.28BtotalAssetsResult -10.0% 7.90xFixed asset turnover · 2021-06-30Revenue / net PP&ERevenueZAC 159.48BtotalRevenueNet PP&EZAC 20.19BpropertyPlantEquipmentResult 7.90x 0.60xCapex / D&A · 2021-06-30Capital expenditures / depreciation and amortizationCapexZAC 3.16BcapitalExpendituresD&AZAC 5.23BdepreciationAndAmortizationResult 0.60x ZAC 28.16Tangible book / share · 2021-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 1,886.28BtotalAssetsGoodwillZAC 7.73BgoodWillIntangiblesZAC 2.21BintangibleAssetsLiabilitiesZAC 1,718.39BtotalLiabTangible bookZAC 157.96BShares5,608,239,000commonStockSharesOutstandingResult ZAC 28.16 0.55xFixed-charge coverage · 2021-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 40.98BebitdaCapexZAC 3.16BcapitalExpendituresInterestZAC 42.92BinterestExpenseShort-term debtZAC 26.45BshortTermDebtEBITDA − capexZAC 37.82BPrincipal due is short-term debt.Result 0.55x -ZAC 76.69BFree cash flow · 2021-06-30Reported free cash flowOperating cash flow-ZAC 73.53BtotalCashFromOperatingActivitiesCapexZAC 3.16BcapitalExpendituresFree cash flow-ZAC 76.69BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ZAC 76.69B 52.9%ROIC · 2021-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 35.75BoperatingIncomeTax expenseZAC 8.98BincomeTaxExpensePretax incomeZAC 35.75BincomeBeforeTaxTax rate25.1%EquityZAC 163.26BtotalStockholderEquityDebtZAC 23.81BlongTermDebt + shortLongTermDebtCashZAC 136.42BcashInvested capitalZAC 50.65BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 52.9% 1.77xEBIT / PP&E · 2021-06-30Operating income / net PP&EOperating incomeZAC 35.75BoperatingIncomeNet PP&EZAC 20.19BpropertyPlantEquipmentResult 1.77x
2022 -9.5%Physical asset ratio · 2022-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 19.73BpropertyPlantEquipmentInventory-ZAC 211.04BinventoryTotal assetsZAC 2,004.40BtotalAssetsResult -9.5% 8.43xFixed asset turnover · 2022-06-30Revenue / net PP&ERevenueZAC 166.37BtotalRevenueNet PP&EZAC 19.73BpropertyPlantEquipmentResult 8.43x 0.68xCapex / D&A · 2022-06-30Capital expenditures / depreciation and amortizationCapexZAC 3.27BcapitalExpendituresD&AZAC 4.83BdepreciationAndAmortizationResult 0.68x ZAC 30.54Tangible book / share · 2022-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 2,004.40BtotalAssetsGoodwillZAC 7.72BgoodWillIntangiblesZAC 1.74BintangibleAssetsLiabilitiesZAC 1,823.69BtotalLiabTangible bookZAC 171.25BShares5,607,387,000commonStockSharesOutstandingResult ZAC 30.54 0.65xFixed-charge coverage · 2022-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 50.17BebitdaCapexZAC 3.27BcapitalExpendituresInterestZAC 42.76BinterestExpenseShort-term debtZAC 29.06BshortTermDebtEBITDA − capexZAC 46.90BPrincipal due is short-term debt.Result 0.65x -ZAC 55.12BFree cash flow · 2022-06-30Reported free cash flowOperating cash flow-ZAC 51.85BtotalCashFromOperatingActivitiesCapexZAC 3.27BcapitalExpendituresFree cash flow-ZAC 55.12BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ZAC 55.12B 60.8%ROIC · 2022-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 45.34BoperatingIncomeTax expenseZAC 12.19BincomeTaxExpensePretax incomeZAC 45.34BincomeBeforeTaxTax rate26.9%EquityZAC 176.43BtotalStockholderEquityDebtZAC 23.81BlongTermDebt + shortLongTermDebtCashZAC 145.70BcashInvested capitalZAC 54.53BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 60.8% 2.30xEBIT / PP&E · 2022-06-30Operating income / net PP&EOperating incomeZAC 45.34BoperatingIncomeNet PP&EZAC 19.73BpropertyPlantEquipmentResult 2.30x
2023 -10.5%Physical asset ratio · 2023-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 21.16BpropertyPlantEquipmentInventory-ZAC 263.02BinventoryTotal assetsZAC 2,294.85BtotalAssetsResult -10.5% 6.24xFixed asset turnover · 2023-06-30Revenue / net PP&ERevenueZAC 131.99BtotalRevenueNet PP&EZAC 21.16BpropertyPlantEquipmentResult 6.24x 1.10xCapex / D&A · 2023-06-30Capital expenditures / depreciation and amortizationCapexZAC 5.19BcapitalExpendituresD&AZAC 4.72BdepreciationAndAmortizationResult 1.10x ZAC 32.94Tangible book / share · 2023-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 2,294.85BtotalAssetsGoodwillZAC 8.65BgoodWillIntangiblesZAC 1.63BintangibleAssetsLiabilitiesZAC 2,099.93BtotalLiabTangible bookZAC 184.64BShares5,605,719,000commonStockSharesOutstandingResult ZAC 32.94 0.48xFixed-charge coverage · 2023-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 57.42BebitdaCapexZAC 5.19BcapitalExpendituresInterestZAC 84.79BinterestExpenseShort-term debtZAC 22.90BshortTermDebtEBITDA − capexZAC 52.23BPrincipal due is short-term debt.Result 0.48x ZAC 42.47BFree cash flow · 2023-06-30Reported free cash flowOperating cash flowZAC 47.66BtotalCashFromOperatingActivitiesCapexZAC 5.19BcapitalExpendituresFree cash flowZAC 42.47BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 42.47B 60.5%ROIC · 2023-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 57.42BoperatingIncomeTax expenseZAC 12.19BincomeTaxExpensePretax incomeZAC 51.26BincomeBeforeTaxTax rate23.8%EquityZAC 194.15BtotalStockholderEquityDebtZAC 53.44BshortLongTermDebtTotalCashZAC 175.30BcashInvested capitalZAC 72.28BResult 60.5% 2.71xEBIT / PP&E · 2023-06-30Operating income / net PP&EOperating incomeZAC 57.42BoperatingIncomeNet PP&EZAC 21.16BpropertyPlantEquipmentResult 2.71x
2024 -8.4%Physical asset ratio · 2024-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 23.33BpropertyPlantAndEquipmentNetInventory-ZAC 222.41BinventoryTotal assetsZAC 2,369.34BtotalAssetsResult -8.4% 11.04xFixed asset turnover · 2024-06-30Revenue / net PP&ERevenueZAC 257.55BtotalRevenueNet PP&EZAC 23.33BpropertyPlantAndEquipmentNetResult 11.04x 1.25xCapex / D&A · 2024-06-30Capital expenditures / depreciation and amortizationCapexZAC 6.36BcapitalExpendituresD&AZAC 5.10BdepreciationAndAmortizationResult 1.25x ZAC 37.13Tangible book / share · 2024-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 2,369.34BtotalAssetsGoodwillZAC 8.18BgoodWillIntangiblesZAC 1.52BintangibleAssetsLiabilitiesZAC 2,151.54BtotalLiabTangible bookZAC 208.10BShares5,604,533,000commonStockSharesOutstandingResult ZAC 37.13 0.39xFixed-charge coverage · 2024-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 55.69BebitdaCapexZAC 6.36BcapitalExpendituresInterestZAC 106.17BinterestExpenseShort-term debtZAC 21.66BshortTermDebtEBITDA − capexZAC 49.33BPrincipal due is short-term debt.Result 0.39x ZAC 50.97BFree cash flow · 2024-06-30Reported free cash flowOperating cash flowZAC 18.69BtotalCashFromOperatingActivitiesCapexZAC 6.36BcapitalExpendituresFree cash flowZAC 50.97BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 50.97B 13.6%ROIC · 2024-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 50.60BoperatingIncomeTax expenseZAC 11.84BincomeTaxExpensePretax incomeZAC 50.60BincomeBeforeTaxTax rate23.4%EquityZAC 212.94BtotalStockholderEquityDebtZAC 235.21BshortLongTermDebtTotalCashZAC 162.87BcashInvested capitalZAC 285.28BResult 13.6% 2.17xEBIT / PP&E · 2024-06-30Operating income / net PP&EOperating incomeZAC 50.60BoperatingIncomeNet PP&EZAC 23.33BpropertyPlantAndEquipmentNetResult 2.17x
2025 0.9%Physical asset ratio · 2025-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 23.65BpropertyPlantAndEquipmentNetInventoryZAC 0.00Not reported, treated as 0Total assetsZAC 2,586.54BtotalAssetsInventory was not reported and is treated as zero.Result 0.9% 11.43xFixed asset turnover · 2025-06-30Revenue / net PP&ERevenueZAC 270.30BtotalRevenueNet PP&EZAC 23.65BpropertyPlantAndEquipmentNetResult 11.43x 1.12xCapex / D&A · 2025-06-30Capital expenditures / depreciation and amortizationCapexZAC 5.31BcapitalExpendituresD&AZAC 4.76BdepreciationAndAmortizationResult 1.12x ZAC 41.19Tangible book / share · 2025-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 2,586.54BtotalAssetsGoodwillZAC 8.62BgoodWillIntangiblesZAC 1.73BintangibleAssetsLiabilitiesZAC 2,345.56BtotalLiabTangible bookZAC 230.63BShares5,599,118,000commonStockSharesOutstandingResult ZAC 41.19 0.35xFixed-charge coverage · 2025-06-30(EBITDA − capex) / (interest + short-term debt)EBITDAZAC 59.69BebitdaCapexZAC 5.31BcapitalExpendituresInterestZAC 110.38BinterestExpenseShort-term debtZAC 46.86BshortTermDebtEBITDA − capexZAC 54.39BPrincipal due is short-term debt.Result 0.35x -ZAC 124.63BFree cash flow · 2025-06-30Reported free cash flowOperating cash flow-ZAC 119.32BtotalCashFromOperatingActivitiesCapexZAC 5.31BcapitalExpendituresFree cash flow-ZAC 124.63BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ZAC 124.63B 14.3%ROIC · 2025-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 54.94BoperatingIncomeTax expenseZAC 12.75BincomeTaxExpensePretax incomeZAC 54.94BincomeBeforeTaxTax rate23.2%EquityZAC 235.55BtotalStockholderEquityDebtZAC 237.15BshortLongTermDebtTotalCashZAC 177.96BcashAndShortTermInvestmentsInvested capitalZAC 294.74BResult 14.3% 2.32xEBIT / PP&E · 2025-06-30Operating income / net PP&EOperating incomeZAC 54.94BoperatingIncomeNet PP&EZAC 23.65BpropertyPlantAndEquipmentNetResult 2.32x
2026 0.9%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&EZAC 23.96BpropertyPlantAndEquipmentNetInventoryZAC 0.00Not reported, treated as 0Total assetsZAC 2,742.63BtotalAssetsInventory was not reported and is treated as zero.Result 0.9% 5.55xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenueZAC 132.90BtotalRevenueNet PP&EZAC 23.96BpropertyPlantAndEquipmentNetResult 5.55x 1.03xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapexZAC 5.29BcapitalExpendituresD&AZAC 5.12BdepreciationAndAmortizationResult 1.03x ZAC 39.36Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsZAC 2,742.63BtotalAssetsGoodwillZAC 100.00MgoodWillIntangiblesZAC 2.05BintangibleAssetsLiabilitiesZAC 2,520.66BtotalLiabTangible bookZAC 219.81BShares5,585,340,000commonStockSharesOutstandingResult ZAC 39.36 0.60xFixed-charge coverage · 2026-06-30(EBITDA − capex) / interestEBITDAZAC 56.63BebitdaCapexZAC 5.29BcapitalExpendituresInterestZAC 85.26BinterestExpenseEBITDA − capexZAC 51.35BShort-term debt was not reported, so the denominator is interest only.Result 0.60x ZAC 54.23BFree cash flow · 2026-06-30Reported free cash flowOperating cash flowZAC 59.52BtotalCashFromOperatingActivitiesCapexZAC 5.29BcapitalExpendituresFree cash flowZAC 54.23BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ZAC 54.23B —ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeZAC 53.64BoperatingIncomeTax expenseZAC 11.73BincomeTaxExpensePretax incomeZAC 53.64BincomeBeforeTaxTax rate21.9%EquityZAC 216.05BtotalStockholderEquityDebtZAC 72.39BshortLongTermDebtTotalCashZAC 329.80BcashAndShortTermInvestmentsInvested capital—Result — 2.24xEBIT / PP&E · 2026-06-30Operating income / net PP&EOperating incomeZAC 53.64BoperatingIncomeNet PP&EZAC 23.96BpropertyPlantAndEquipmentNetResult 2.24x
  • Inventory was missing and treated as zero in the physical asset ratio.
  • Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2026)
Net PP&E: ZAC 23.96B
Inventory: ZAC 0.00
Total assets: ZAC 2,742.63B
Goodwill: ZAC 100.00M
Intangibles: ZAC 2.05B
Liabilities: ZAC 2,520.66B
Tangible book: ZAC 219.81B
Shares: 5,585,340,000
Revenue: ZAC 132.90B
Capex: ZAC 5.29B
D&A: ZAC 5.12B
EBITDA: ZAC 56.63B
Interest: ZAC 85.26B
Short-term debt: —
Free cash flow: ZAC 54.23B
Operating income: ZAC 53.64B
Invested capital: —
Tax rate: 21.9%