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.
iQSTEL Inc.
Physical assets are 1.3% of total assets, a light footprint. Capex is 0.18x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -1.09x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 515.24x.
Physical asset ratio
1.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$615.05KpropertyPlantAndEquipmentNetInventory$30.66KinventoryTotal assets$51.09MtotalAssetsResult 1.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
515.24xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$316.90MtotalRevenueNet PP&E$615.05KpropertyPlantAndEquipmentNetResult 515.24x
Revenue per dollar of the physical asset base.
Capex / D&A
0.18xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$113.02KcapitalExpendituresD&A$627.67KdepreciationAndAmortizationResult 0.18x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$1.02Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$51.09MtotalAssetsGoodwill$5.79MgoodWillIntangibles$6.96MintangibleAssetsLiabilities$34.81MtotalLiabTangible book$3.53MShares3,452,198commonStockSharesOutstandingResult $1.02
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.79xPrice / tangible bookPrice / tangible book per sharePrice$0.81Latest quoteTangible book / share$1.022025-12-31Result 0.79x
Price $0.81.
Fixed-charge coverage
-1.09xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$6.15MebitdaCapex$113.02KcapitalExpendituresInterest$1.61MinterestExpenseShort-term debt$4.15MshortTermDebtEBITDA − capex-$6.26MPrincipal due is short-term debt.Result -1.09x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-44.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$3.96MfreeCashFlowMarket cap$8.87MMarketCapitalizationResult -44.6%
Latest free cash flow divided by current market cap ($8.87M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.84MoperatingIncomeTax expense$121.71KincomeTaxExpensePretax income-$8.39MincomeBeforeTaxTax rate—Equity$11.16MtotalStockholderEquityDebt$4.18MshortLongTermDebtTotalCash$2.16McashInvested capital$13.18MROIC 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 -2.99x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 5.0%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$285.11KpropertyPlantEquipmentInventory-$165.13KinventoryTotal assets$2.39MtotalAssetsResult 5.0% | 48.32xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$13.78MtotalRevenueNet PP&E$285.11KpropertyPlantEquipmentResult 48.32x | 0.02xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$426.00capitalExpendituresD&A$20.35KdepreciationAndAmortizationResult 0.02x | -$0.12Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.39MtotalAssetsGoodwill$0.00goodWillIntangibles$0.00intangibleAssetsLiabilities$3.99MtotalLiabTangible book-$1.60MShares13,721,304commonStockSharesOutstandingResult -$0.12 | -2.22xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.62MebitdaCapex$426.00capitalExpendituresInterest$460.19KinterestExpenseShort-term debt$272.49KshortLongTermDebtEBITDA − capex-$1.62MPrincipal due is the current portion of debt.Result -2.22x | -$356.98KFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$356.55KtotalCashFromOperatingActivitiesCapex$426.00capitalExpendituresFree cash flow-$356.98KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$356.98K | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$27.90KoperatingIncomeTax expense$1.59MincomeTaxExpensePretax income-$2.10MincomeBeforeTaxTax rate—Equity-$1.60MtotalStockholderEquityDebt$371.74KshortLongTermDebtTotalCash$4.57KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.10xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$27.90KoperatingIncomeNet PP&E$285.11KpropertyPlantEquipmentResult -0.10x |
| 2019 | -1.9%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$287.97KpropertyPlantEquipmentInventory-$396.40KinventoryTotal assets$5.60MtotalAssetsResult -1.9% | 62.62xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$18.03MtotalRevenueNet PP&E$287.97KpropertyPlantEquipmentResult 62.62x | 0.77xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$32.01KcapitalExpendituresD&A$41.74KdepreciationAndAmortizationResult 0.77x | -$36.26Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.60MtotalAssetsGoodwill$1.46MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$11.37MtotalLiabTangible book-$7.23MShares199,282commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result -$36.26 | -0.47xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.73MebitdaCapex$32.01KcapitalExpendituresInterest$2.68MinterestExpenseShort-term debt$3.23MshortTermDebtEBITDA − capex-$2.76MPrincipal due is short-term debt.Result -0.47x | -$1.28MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$1.24MtotalCashFromOperatingActivitiesCapex$32.01KcapitalExpendituresFree cash flow-$1.28MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.28M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$647.01KoperatingIncomeTax expense$2.66MincomeTaxExpensePretax income-$5.44MincomeBeforeTaxTax rate—Equity-$4.87MtotalStockholderEquityDebt$3.42MshortLongTermDebtTotalCash$270.50KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.25xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$647.01KoperatingIncomeNet PP&E$287.97KpropertyPlantEquipmentResult -2.25x |
| 2020 | 0.8%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$350.53KpropertyPlantEquipmentInventory-$299.95KinventoryTotal assets$5.95MtotalAssetsResult 0.8% | 128.12xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$44.91MtotalRevenueNet PP&E$350.53KpropertyPlantEquipmentResult 128.12x | 1.31xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$90.19KcapitalExpendituresD&A$68.60KdepreciationAndAmortizationResult 1.31x | -$4.87Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.95MtotalAssetsGoodwill$1.54MgoodWillIntangibles$21.88KintangibleAssetsLiabilities$8.35MtotalLiabTangible book-$3.95MShares812,420commonStockSharesOutstandingResult -$4.87 | -0.45xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.12MebitdaCapex$90.19KcapitalExpendituresInterest$3.51MinterestExpenseShort-term debt$3.64MshortLongTermDebtEBITDA − capex-$3.21MPrincipal due is the current portion of debt.Result -0.45x | -$2.21MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$2.12MtotalCashFromOperatingActivitiesCapex$90.19KcapitalExpendituresFree cash flow-$2.21MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$2.21M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.21MoperatingIncomeTax expense$152.00incomeTaxExpensePretax income-$6.70MincomeBeforeTaxTax rate—Equity-$1.39MtotalStockholderEquityDebt$4.01MshortLongTermDebtTotalCash$753.32KcashInvested capital$1.87MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -9.16xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$3.21MoperatingIncomeNet PP&E$350.53KpropertyPlantEquipmentResult -9.16x |
| 2021 | -2.9%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$409.38KpropertyPlantEquipmentInventory-$667.88KinventoryTotal assets$9.06MtotalAssetsResult -2.9% | 158.05xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$64.70MtotalRevenueNet PP&E$409.38KpropertyPlantEquipmentResult 158.05x | 2.52xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$230.90KcapitalExpendituresD&A$91.47KdepreciationAndAmortizationResult 2.52x | $2.78Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.06MtotalAssetsGoodwill$1.54MgoodWillIntangibles$99.59KintangibleAssetsLiabilities$2.64MtotalLiabTangible book$4.78MShares1,720,153commonStockSharesOutstandingResult $2.78 | -2.71xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.10MebitdaCapex$230.90KcapitalExpendituresInterest$675.48KinterestExpenseShort-term debt$554.76KshortTermDebtEBITDA − capex-$3.33MPrincipal due is short-term debt.Result -2.71x | -$3.38MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$3.15MtotalCashFromOperatingActivitiesCapex$230.90KcapitalExpendituresFree cash flow-$3.38MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.38M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$2.98MoperatingIncomeTax expense$656.36KincomeTaxExpensePretax income-$3.86MincomeBeforeTaxTax rate—Equity$7.42MtotalStockholderEquityDebt$674.05KshortLongTermDebtTotalCash$3.33McashInvested capital$4.76MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -7.29xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$2.98MoperatingIncomeNet PP&E$409.38KpropertyPlantEquipmentResult -7.29x |
| 2022 | 3.4%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$401.02KpropertyPlantEquipmentInventory$26.12KinventoryTotal assets$12.55MtotalAssetsResult 3.4% | 232.42xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$93.20MtotalRevenueNet PP&E$401.02KpropertyPlantEquipmentResult 232.42x | 0.93xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$112.07KcapitalExpendituresD&A$120.12KdepreciationAndAmortizationResult 0.93x | $0.29Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$12.55MtotalAssetsGoodwill$5.17MgoodWillIntangibles$99.59KintangibleAssetsLiabilities$6.71MtotalLiabTangible book$563.68KShares1,929,372commonStockSharesOutstandingResult $0.29 | -16.19xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$5.72MebitdaCapex$112.07KcapitalExpendituresInterest$29.64KinterestExpenseShort-term debt$330.29KshortTermDebtEBITDA − capex-$5.83MPrincipal due is short-term debt.Result -16.19x | -$1.88MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$1.77MtotalCashFromOperatingActivitiesCapex$112.07KcapitalExpendituresFree cash flow-$1.88MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.88M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.19MoperatingIncomeTax expense$2.75MincomeTaxExpensePretax income-$5.87MincomeBeforeTaxTax rate—Equity$6.76MtotalStockholderEquityDebt$438.44KshortLongTermDebtTotalCash$1.33McashInvested capital$5.87MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -7.96xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$3.19MoperatingIncomeNet PP&E$401.02KpropertyPlantEquipmentResult -7.96x |
| 2023 | 2.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$523.00KpropertyPlantAndEquipmentNetInventory$27.12KinventoryTotal assets$22.16MtotalAssetsResult 2.5% | 276.30xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$144.50MtotalRevenueNet PP&E$523.00KpropertyPlantAndEquipmentNetResult 276.30x | 1.71xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$220.05KcapitalExpendituresD&A$128.74KdepreciationAndAmortizationResult 1.71x | $1.31Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$22.16MtotalAssetsGoodwill$5.17MgoodWillIntangibles$99.59KintangibleAssetsLiabilities$14.11MtotalLiabTangible book$2.77MShares2,125,429commonStockSharesOutstandingResult $1.31 | -0.23xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$4.21KebitdaCapex$220.05KcapitalExpendituresInterest$94.91KinterestExpenseShort-term debt$854.47KshortTermDebtEBITDA − capex-$215.84KPrincipal due is short-term debt.Result -0.23x | -$1.70MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$1.48MtotalCashFromOperatingActivitiesCapex$220.05KcapitalExpendituresFree cash flow-$1.70MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.70M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$315.50KoperatingIncomeTax expense$0.00taxProvisionPretax income-$219.44KincomeBeforeTaxTax rate—Equity$8.42MtotalStockholderEquityDebt$953.57KshortLongTermDebtTotalCash$1.36McashInvested capital$8.01MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.60xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$315.50KoperatingIncomeNet PP&E$523.00KpropertyPlantAndEquipmentNetResult -0.60x |
| 2024 | 0.7%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$561.80KpropertyPlantAndEquipmentNetInventory$30.66KinventoryTotal assets$79.01MtotalAssetsResult 0.7% | 504.13xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$283.22MtotalRevenueNet PP&E$561.80KpropertyPlantAndEquipmentNetResult 504.13x | 0.30xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$151.62KcapitalExpendituresD&A$499.54KdepreciationAndAmortizationResult 0.30x | -$0.99Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$79.01MtotalAssetsGoodwill$6.75MgoodWillIntangibles$7.44MintangibleAssetsLiabilities$67.11MtotalLiabTangible book-$2.29MShares2,315,127commonStockSharesOutstandingResult -$0.99 | -0.32xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.13MebitdaCapex$151.62KcapitalExpendituresInterest$2.16MinterestExpenseShort-term debt$5.04MshortTermDebtEBITDA − capex-$2.28MPrincipal due is short-term debt.Result -0.32x | -$3.08MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$2.93MtotalCashFromOperatingActivitiesCapex$151.62KcapitalExpendituresFree cash flow-$3.08MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.08M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$834.06KoperatingIncomeTax expense$394.03KincomeTaxExpensePretax income-$4.79MincomeBeforeTaxTax rate—Equity$7.22MtotalStockholderEquityDebt$8.05MshortLongTermDebtTotalCash$2.51McashInvested capital$12.76MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.48xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$834.06KoperatingIncomeNet PP&E$561.80KpropertyPlantAndEquipmentNetResult -1.48x |
| 2025 | 1.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$615.05KpropertyPlantAndEquipmentNetInventory$30.66KinventoryTotal assets$51.09MtotalAssetsResult 1.3% | 515.24xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$316.90MtotalRevenueNet PP&E$615.05KpropertyPlantAndEquipmentNetResult 515.24x | 0.18xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$113.02KcapitalExpendituresD&A$627.67KdepreciationAndAmortizationResult 0.18x | $1.02Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$51.09MtotalAssetsGoodwill$5.79MgoodWillIntangibles$6.96MintangibleAssetsLiabilities$34.81MtotalLiabTangible book$3.53MShares3,452,198commonStockSharesOutstandingResult $1.02 | -1.09xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$6.15MebitdaCapex$113.02KcapitalExpendituresInterest$1.61MinterestExpenseShort-term debt$4.15MshortTermDebtEBITDA − capex-$6.26MPrincipal due is short-term debt.Result -1.09x | -$3.96MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$3.84MtotalCashFromOperatingActivitiesCapex$113.02KcapitalExpendituresFree cash flow-$3.96MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.96M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$1.84MoperatingIncomeTax expense$121.71KincomeTaxExpensePretax income-$8.39MincomeBeforeTaxTax rate—Equity$11.16MtotalStockholderEquityDebt$4.18MshortLongTermDebtTotalCash$2.16McashInvested capital$13.18MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.99xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$1.84MoperatingIncomeNet PP&E$615.05KpropertyPlantAndEquipmentNetResult -2.99x |
- 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 short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $615.05K
Inventory: $30.66K
Total assets: $51.09M
Goodwill: $5.79M
Intangibles: $6.96M
Liabilities: $34.81M
Tangible book: $3.53M
Shares: 3,452,198
Revenue: $316.90M
Capex: $113.02K
D&A: $627.67K
EBITDA: -$6.15M
Interest: $1.61M
Short-term debt: $4.15M
Free cash flow: -$3.96M
Operating income: -$1.84M
Invested capital: $13.18M
Tax rate: —