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.
Hilan Ltd
Physical assets are 10.4% of total assets, a light footprint. Capex is 0.14x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 33.0%, above an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 9.81x.
Physical asset ratio
10.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 306.82MpropertyPlantAndEquipmentNetInventoryILA 2.59MinventoryTotal assetsILA 2.97BtotalAssetsResult 10.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
9.81xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 3.01BtotalRevenueNet PP&EILA 306.82MpropertyPlantAndEquipmentNetResult 9.81x
Revenue per dollar of the physical asset base.
Capex / D&A
0.14xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 17.28McapitalExpendituresD&AILA 121.73MdepreciationAndAmortizationResult 0.14x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ILA 18.58Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 2.97BtotalAssetsGoodwillILA 686.21MgoodWillIntangiblesILA 168.30MintangibleAssetsLiabilitiesILA 1.69BtotalLiabTangible bookILA 426.81MShares22,973,000commonStockSharesOutstandingResult ILA 18.58
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1,294.50xPrice / tangible bookPrice / tangible book per sharePriceILA 24.05KLatest quoteTangible book / shareILA 18.582025-12-31Result 1,294.50x
Price ILA 24.05K.
Fixed-charge coverage
11.60xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 481.14MebitdaCapexILA 17.28McapitalExpendituresInterestILA 19.98MinterestExpenseShort-term debtILA 20.00MshortLongTermDebtEBITDA − capexILA 463.86MPrincipal due is the current portion of debt.Result 11.60x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
6.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowILA 362.06MfreeCashFlowMarket capILA 5.52BMarketCapitalizationResult 6.6%
Latest free cash flow divided by current market cap (ILA 5.52B).
ROIC
33.0%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 366.60MoperatingIncomeTax expenseILA 80.17MincomeTaxExpensePretax incomeILA 342.92MincomeBeforeTaxTax rate23.4%EquityILA 1.26BtotalStockholderEquityDebtILA 30.00MlongTermDebt + shortLongTermDebtCashILA 442.67McashInvested capitalILA 851.11MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 33.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.19x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 3.1%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 28.60MpropertyPlantEquipmentInventoryILA 1.83MinventoryTotal assetsILA 994.83MtotalAssetsResult 3.1% | 51.57xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueILA 1.47BtotalRevenueNet PP&EILA 28.60MpropertyPlantEquipmentResult 51.57x | 0.64xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexILA 13.57McapitalExpendituresD&AILA 21.11MdepreciationAndAmortizationResult 0.64x | ILA 1.84Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 994.83MtotalAssetsGoodwillILA 251.15MgoodWillIntangiblesILA 41.42MintangibleAssetsLiabilitiesILA 660.77MtotalLiabTangible bookILA 41.48MShares22,483,000commonStockSharesOutstandingResult ILA 1.84 | 4.50xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 171.75MebitdaCapexILA 13.57McapitalExpendituresInterestILA 4.98MinterestExpenseShort-term debtILA 30.18MshortTermDebtEBITDA − capexILA 158.18MPrincipal due is short-term debt.Result 4.50x | ILA 64.93MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowILA 78.49MtotalCashFromOperatingActivitiesCapexILA 13.57McapitalExpendituresFree cash flowILA 64.93MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 64.93M | 32.1%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 151.29MoperatingIncomeTax expenseILA 34.38MincomeTaxExpensePretax incomeILA 145.67MincomeBeforeTaxTax rate23.6%EquityILA 323.66MtotalStockholderEquityDebtILA 120.71MshortLongTermDebtTotalCashILA 84.85McashInvested capitalILA 359.52MResult 32.1% | 5.29xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeILA 151.29MoperatingIncomeNet PP&EILA 28.60MpropertyPlantEquipmentResult 5.29x |
| 2019 | 11.2%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 133.17MpropertyPlantEquipmentInventoryILA 935.00KinventoryTotal assetsILA 1.20BtotalAssetsResult 11.2% | 11.81xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueILA 1.57BtotalRevenueNet PP&EILA 133.17MpropertyPlantEquipmentResult 11.81x | 0.11xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexILA 8.26McapitalExpendituresD&AILA 73.50MdepreciationAndAmortizationResult 0.11x | ILA 4.45Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 1.20BtotalAssetsGoodwillILA 281.95MgoodWillIntangiblesILA 53.60MintangibleAssetsLiabilitiesILA 764.51MtotalLiabTangible bookILA 100.15MShares22,483,000commonStockSharesOutstandingResult ILA 4.45 | 5.07xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 250.92MebitdaCapexILA 8.26McapitalExpendituresInterestILA 8.96MinterestExpenseShort-term debtILA 38.93MshortLongTermDebtEBITDA − capexILA 242.65MPrincipal due is the current portion of debt.Result 5.07x | ILA 155.40MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowILA 163.66MtotalCashFromOperatingActivitiesCapexILA 8.26McapitalExpendituresFree cash flowILA 155.40MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 155.40M | 31.6%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 171.45MoperatingIncomeTax expenseILA 39.51MincomeTaxExpensePretax incomeILA 168.46MincomeBeforeTaxTax rate23.5%EquityILA 423.46MtotalStockholderEquityDebtILA 121.16MlongTermDebt + shortLongTermDebtCashILA 129.85McashInvested capitalILA 414.77MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 31.6% | 1.29xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeILA 171.45MoperatingIncomeNet PP&EILA 133.17MpropertyPlantEquipmentResult 1.29x |
| 2020 | 7.3%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 104.48MpropertyPlantEquipmentInventoryILA 0.00Not reported, treated as 0Total assetsILA 1.42BtotalAssetsInventory was not reported and is treated as zero.Result 7.3% | 15.58xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueILA 1.63BtotalRevenueNet PP&EILA 104.48MpropertyPlantEquipmentResult 15.58x | 0.09xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexILA 7.17McapitalExpendituresD&AILA 78.73MdepreciationAndAmortizationResult 0.09x | ILA 3.42Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 1.42BtotalAssetsGoodwillILA 369.10MgoodWillIntangiblesILA 67.04MintangibleAssetsLiabilitiesILA 910.75MtotalLiabTangible bookILA 77.11MShares22,523,000commonStockSharesOutstandingResult ILA 3.42 | 3.10xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 263.59MebitdaCapexILA 7.17McapitalExpendituresInterestILA 7.21MinterestExpenseShort-term debtILA 75.62MshortLongTermDebtEBITDA − capexILA 256.42MPrincipal due is the current portion of debt.Result 3.10x | ILA 274.13MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowILA 281.30MtotalCashFromOperatingActivitiesCapexILA 7.17McapitalExpendituresFree cash flowILA 274.13MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 274.13M | 33.9%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 184.61MoperatingIncomeTax expenseILA 40.19MincomeTaxExpensePretax incomeILA 177.64MincomeBeforeTaxTax rate22.6%EquityILA 502.96MtotalStockholderEquityDebtILA 140.80MlongTermDebt + shortLongTermDebtCashILA 222.67McashInvested capitalILA 421.09MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 33.9% | 1.77xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeILA 184.61MoperatingIncomeNet PP&EILA 104.48MpropertyPlantEquipmentResult 1.77x |
| 2021 | 5.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 86.49MpropertyPlantEquipmentInventoryILA 0.00inventoryTotal assetsILA 1.48BtotalAssetsResult 5.8% | 19.80xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueILA 1.71BtotalRevenueNet PP&EILA 86.49MpropertyPlantEquipmentResult 19.80x | 0.16xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexILA 11.62McapitalExpendituresD&AILA 71.92MdepreciationAndAmortizationResult 0.16x | ILA 8.43Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 1.48BtotalAssetsGoodwillILA 366.25MgoodWillIntangiblesILA 48.65MintangibleAssetsLiabilitiesILA 873.68MtotalLiabTangible bookILA 190.31MShares22,578,000commonStockSharesOutstandingResult ILA 8.43 | 3.55xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 270.45MebitdaCapexILA 11.62McapitalExpendituresInterestILA 5.18MinterestExpenseShort-term debtILA 67.68MshortLongTermDebtEBITDA − capexILA 258.83MPrincipal due is the current portion of debt.Result 3.55x | ILA 256.73MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowILA 268.34MtotalCashFromOperatingActivitiesCapexILA 11.62McapitalExpendituresFree cash flowILA 256.73MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 256.73M | 42.1%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 205.24MoperatingIncomeTax expenseILA 41.45MincomeTaxExpensePretax incomeILA 193.35MincomeBeforeTaxTax rate21.4%EquityILA 595.79MtotalStockholderEquityDebtILA 85.18MlongTermDebt + shortLongTermDebtCashILA 298.36McashInvested capitalILA 382.62MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 42.1% | 2.37xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeILA 205.24MoperatingIncomeNet PP&EILA 86.49MpropertyPlantEquipmentResult 2.37x |
| 2022 | 7.6%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 154.35MpropertyPlantEquipmentInventoryILA 758.00KinventoryTotal assetsILA 2.03BtotalAssetsResult 7.6% | 14.47xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueILA 2.23BtotalRevenueNet PP&EILA 154.35MpropertyPlantEquipmentResult 14.47x | 0.17xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexILA 17.06McapitalExpendituresD&AILA 100.54MdepreciationAndAmortizationResult 0.17x | ILA 3.30Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 2.03BtotalAssetsGoodwillILA 589.31MgoodWillIntangiblesILA 182.19MintangibleAssetsLiabilitiesILA 1.19BtotalLiabTangible bookILA 74.61MShares22,578,000commonStockSharesOutstandingResult ILA 3.30 | 5.35xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 338.49MebitdaCapexILA 17.06McapitalExpendituresInterestILA 8.61MinterestExpenseShort-term debtILA 51.43MshortLongTermDebtEBITDA − capexILA 321.43MPrincipal due is the current portion of debt.Result 5.35x | ILA 228.01MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowILA 245.07MtotalCashFromOperatingActivitiesCapexILA 17.06McapitalExpendituresFree cash flowILA 228.01MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 228.01M | 23.6%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 240.08MoperatingIncomeTax expenseILA 55.04MincomeTaxExpensePretax incomeILA 229.34MincomeBeforeTaxTax rate24.0%EquityILA 833.22MtotalStockholderEquityDebtILA 125.81MlongTermDebt + shortLongTermDebtCashILA 186.98McashInvested capitalILA 772.05MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 23.6% | 1.56xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeILA 240.08MoperatingIncomeNet PP&EILA 154.35MpropertyPlantEquipmentResult 1.56x |
| 2023 | 12.6%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 290.60MpropertyPlantAndEquipmentNetInventoryILA 4.22MinventoryTotal assetsILA 2.35BtotalAssetsResult 12.6% | 8.91xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueILA 2.59BtotalRevenueNet PP&EILA 290.60MpropertyPlantAndEquipmentNetResult 8.91x | 0.54xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexILA 57.84McapitalExpendituresD&AILA 106.42MdepreciationAndAmortizationResult 0.54x | ILA 11.21Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 2.35BtotalAssetsGoodwillILA 597.04MgoodWillIntangiblesILA 157.19MintangibleAssetsLiabilitiesILA 1.34BtotalLiabTangible bookILA 257.03MShares22,935,000commonStockSharesOutstandingResult ILA 11.21 | 9.84xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 396.53MebitdaCapexILA 57.84McapitalExpendituresInterestILA 10.05MinterestExpenseShort-term debtILA 24.38MshortLongTermDebtEBITDA − capexILA 338.69MPrincipal due is the current portion of debt.Result 9.84x | ILA 297.67MFree cash flow · 2023-12-31Reported free cash flowOperating cash flowILA 355.51MtotalCashFromOperatingActivitiesCapexILA 57.84McapitalExpendituresFree cash flowILA 297.67MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 297.67M | 29.1%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 288.78MoperatingIncomeTax expenseILA 62.93MincomeTaxExpensePretax incomeILA 280.07MincomeBeforeTaxTax rate22.5%EquityILA 995.64MtotalStockholderEquityDebtILA 74.38MlongTermDebt + shortLongTermDebtCashILA 300.63McashInvested capitalILA 769.38MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 29.1% | 0.99xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeILA 288.78MoperatingIncomeNet PP&EILA 290.60MpropertyPlantAndEquipmentNetResult 0.99x |
| 2024 | 10.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 326.79MpropertyPlantAndEquipmentNetInventoryILA 1.99MinventoryTotal assetsILA 3.11BtotalAssetsResult 10.6% | 8.69xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueILA 2.84BtotalRevenueNet PP&EILA 326.79MpropertyPlantAndEquipmentNetResult 8.69x | 0.49xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexILA 56.39McapitalExpendituresD&AILA 114.06MdepreciationAndAmortizationResult 0.49x | ILA 10.24Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 3.11BtotalAssetsGoodwillILA 707.74MgoodWillIntangiblesILA 210.31MintangibleAssetsLiabilitiesILA 1.95BtotalLiabTangible bookILA 236.98MShares23,149,057commonStockSharesOutstandingResult ILA 10.24 | 10.12xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 450.73MebitdaCapexILA 56.39McapitalExpendituresInterestILA 16.62MinterestExpenseShort-term debtILA 22.33MshortLongTermDebtEBITDA − capexILA 394.34MPrincipal due is the current portion of debt.Result 10.12x | ILA 366.48MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowILA 422.87MtotalCashFromOperatingActivitiesCapexILA 56.39McapitalExpendituresFree cash flowILA 366.48MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 366.48M | 30.1%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 329.94MoperatingIncomeTax expenseILA 72.44MincomeTaxExpensePretax incomeILA 320.04MincomeBeforeTaxTax rate22.6%EquityILA 1.14BtotalStockholderEquityDebtILA 52.33MlongTermDebt + shortLongTermDebtCashILA 343.01McashInvested capitalILA 848.94MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 30.1% | 1.01xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeILA 329.94MoperatingIncomeNet PP&EILA 326.79MpropertyPlantAndEquipmentNetResult 1.01x |
| 2025 | 10.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 306.82MpropertyPlantAndEquipmentNetInventoryILA 2.59MinventoryTotal assetsILA 2.97BtotalAssetsResult 10.4% | 9.81xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 3.01BtotalRevenueNet PP&EILA 306.82MpropertyPlantAndEquipmentNetResult 9.81x | 0.14xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 17.28McapitalExpendituresD&AILA 121.73MdepreciationAndAmortizationResult 0.14x | ILA 18.58Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 2.97BtotalAssetsGoodwillILA 686.21MgoodWillIntangiblesILA 168.30MintangibleAssetsLiabilitiesILA 1.69BtotalLiabTangible bookILA 426.81MShares22,973,000commonStockSharesOutstandingResult ILA 18.58 | 11.60xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 481.14MebitdaCapexILA 17.28McapitalExpendituresInterestILA 19.98MinterestExpenseShort-term debtILA 20.00MshortLongTermDebtEBITDA − capexILA 463.86MPrincipal due is the current portion of debt.Result 11.60x | ILA 362.06MFree cash flow · 2025-12-31Reported free cash flowOperating cash flowILA 379.34MtotalCashFromOperatingActivitiesCapexILA 17.28McapitalExpendituresFree cash flowILA 362.06MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 362.06M | 33.0%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 366.60MoperatingIncomeTax expenseILA 80.17MincomeTaxExpensePretax incomeILA 342.92MincomeBeforeTaxTax rate23.4%EquityILA 1.26BtotalStockholderEquityDebtILA 30.00MlongTermDebt + shortLongTermDebtCashILA 442.67McashInvested capitalILA 851.11MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 33.0% | 1.19xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeILA 366.60MoperatingIncomeNet PP&EILA 306.82MpropertyPlantAndEquipmentNetResult 1.19x |
- 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 (2025)
Net PP&E: ILA 306.82M
Inventory: ILA 2.59M
Total assets: ILA 2.97B
Goodwill: ILA 686.21M
Intangibles: ILA 168.30M
Liabilities: ILA 1.69B
Tangible book: ILA 426.81M
Shares: 22,973,000
Revenue: ILA 3.01B
Capex: ILA 17.28M
D&A: ILA 121.73M
EBITDA: ILA 481.14M
Interest: ILA 19.98M
Short-term debt: ILA 20.00M
Free cash flow: ILA 362.06M
Operating income: ILA 366.60M
Invested capital: ILA 851.11M
Tax rate: 23.4%