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.
LifeMD Inc
Physical assets are 11.4% of total assets, a light footprint. Capex is 1.30x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -5.51x, which is below 1.
Fixed-asset turnover is 36.84x. Compare it with other names in the same basket.
Physical asset ratio
11.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$5.27MpropertyPlantAndEquipmentNetInventory$2.77MinventoryTotal assets$70.41MtotalAssetsResult 11.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
36.84xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$194.06MtotalRevenueNet PP&E$5.27MpropertyPlantAndEquipmentNetResult 36.84x
Revenue per dollar of the physical asset base.
Capex / D&A
1.30xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$9.52McapitalExpendituresD&A$7.31MdepreciationAndAmortizationResult 1.30x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$0.51Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$70.41MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$262.33KintangibleAssetsLiabilities$47.25MtotalLiabTangible book$22.89MShares45,129,617commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.51
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
4.51xPrice / tangible bookPrice / tangible book per sharePrice$2.29Latest quoteTangible book / share$0.512025-12-31Result 4.51x
Price $2.29.
Fixed-charge coverage
-5.51xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.52MebitdaCapex$9.52McapitalExpendituresInterest$1.36MinterestExpenseShort-term debt$642.42KshortTermDebtEBITDA − capex-$11.04MPrincipal due is short-term debt.Result -5.51x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-1.1%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$1.24MfreeCashFlowMarket cap$110.51MMarketCapitalizationResult -1.1%
Latest free cash flow divided by current market cap ($110.51M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$7.67MoperatingIncomeTax expense$45.72KincomeTaxExpensePretax income-$10.19MincomeBeforeTaxTax rate—Equity$23.16MtotalStockholderEquityDebt$6.32MshortLongTermDebtTotalCash$36.79McashInvested capital—ROIC 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 -1.46x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | —Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory$1.02MinventoryTotal assets$2.62MtotalAssetsResult — | —Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$8.32MtotalRevenueNet PP&E—Not reportedResult — | 0.51xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$100.00KcapitalExpendituresD&A$195.78KdepreciationAndAmortizationResult 0.51x | -$0.02Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.62MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$1.01MintangibleAssetsLiabilities$1.80MtotalLiabTangible book-$191.33KShares9,053,421commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.02 | -3.26xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.86MebitdaCapex$100.00KcapitalExpendituresInterest$354.39KinterestExpenseShort-term debt$247.42KshortTermDebtEBITDA − capex-$1.96MPrincipal due is short-term debt.Result -3.26x | -$1.01MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$905.52KtotalCashFromOperatingActivitiesCapex$100.00KcapitalExpendituresFree cash flow-$1.01MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.01M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$2.06MoperatingIncomeTax expense-$124.70KincomeTaxExpensePretax income-$1.48MincomeBeforeTaxTax rate—Equity$897.70KtotalStockholderEquityDebt$247.42KshortLongTermDebtTotalCash$180.09KcashInvested capital$965.02KROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$2.06MoperatingIncomeNet PP&E—Not reportedResult — |
| 2019 | 28.3%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$23.63KpropertyPlantEquipmentInventory$950.06KinventoryTotal assets$3.45MtotalAssetsResult 28.3% | 527.77xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$12.47MtotalRevenueNet PP&E$23.63KpropertyPlantEquipmentResult 527.77x | 0.74xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$247.37KcapitalExpendituresD&A$335.61KdepreciationAndAmortizationResult 0.74x | -$0.18Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.45MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$675.45KintangibleAssetsLiabilities$4.58MtotalLiabTangible book-$1.80MShares9,897,745commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.18 | -1.78xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.55MebitdaCapex$247.37KcapitalExpendituresInterest$761.15KinterestExpenseShort-term debt$814.73KshortTermDebtEBITDA − capex-$2.80MPrincipal due is short-term debt.Result -1.78x | $4.04KFree cash flow · 2019-12-31Operating cash flow − capexOperating cash flow$251.41KtotalCashFromOperatingActivitiesCapex$247.37KcapitalExpendituresFree cash flow$4.04KNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result $4.04K | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$2.89MoperatingIncomeTax expense-$122.50KincomeTaxExpensePretax income-$3.65MincomeBeforeTaxTax rate—Equity-$988.19KtotalStockholderEquityDebt$844.71KshortLongTermDebtTotalCash$1.11McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -122.31xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$2.89MoperatingIncomeNet PP&E$23.63KpropertyPlantEquipmentResult -122.31x |
| 2020 | 11.5%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$274.44KpropertyPlantEquipmentInventory$1.26MinventoryTotal assets$13.40MtotalAssetsResult 11.5% | 135.89xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$37.29MtotalRevenueNet PP&E$274.44KpropertyPlantEquipmentResult 135.89x | 1.00xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$398.14KcapitalExpendituresD&A$397.77KdepreciationAndAmortizationResult 1.00x | -$0.11Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$13.40MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$715.82KintangibleAssetsLiabilities$14.22MtotalLiabTangible book-$1.54MShares14,275,153commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.11 | -23.63xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$57.42MebitdaCapex$398.14KcapitalExpendituresInterest$1.67MinterestExpenseShort-term debt$779.13KshortLongTermDebtEBITDA − capex-$57.82MPrincipal due is the current portion of debt.Result -23.63x | -$12.53MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$12.13MtotalCashFromOperatingActivitiesCapex$398.14KcapitalExpendituresFree cash flow-$12.53MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$12.53M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$57.82MoperatingIncomeTax expense$122.50KincomeTaxExpensePretax income-$60.40MincomeBeforeTaxTax rate—Equity$1.35MtotalStockholderEquityDebt$1.06MshortLongTermDebtTotalCash$9.18McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -210.68xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$57.82MoperatingIncomeNet PP&E$274.44KpropertyPlantEquipmentResult -210.68x |
| 2021 | 7.2%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.99MpropertyPlantEquipmentInventory$1.62MinventoryTotal assets$49.92MtotalAssetsResult 7.2% | 46.76xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$92.88MtotalRevenueNet PP&E$1.99MpropertyPlantEquipmentResult 46.76x | 3.92xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$3.40McapitalExpendituresD&A$868.76KdepreciationAndAmortizationResult 3.92x | $0.84Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$49.92MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$3.02MintangibleAssetsLiabilities$24.10MtotalLiabTangible book$22.80MShares27,007,961commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.84 | -19.73xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$57.43MebitdaCapex$3.40McapitalExpendituresInterest$3.02MinterestExpenseShort-term debt$63.40KshortLongTermDebtEBITDA − capex-$60.83MPrincipal due is the current portion of debt.Result -19.73x | -$36.49MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$33.09MtotalCashFromOperatingActivitiesCapex$3.40McapitalExpendituresFree cash flow-$36.49MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$36.49M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$54.30MoperatingIncomeTax expense$7.70KincomeTaxExpensePretax income-$61.32MincomeBeforeTaxTax rate—Equity$26.85MtotalStockholderEquityDebt$63.40KlongTermDebt + shortLongTermDebtCash$41.33McashInvested capital—Reported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -27.34xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$54.30MoperatingIncomeNet PP&E$1.99MpropertyPlantEquipmentResult -27.34x |
| 2022 | 21.0%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.68MpropertyPlantAndEquipmentNetInventory$3.70MinventoryTotal assets$25.67MtotalAssetsResult 21.0% | 70.75xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$119.03MtotalRevenueNet PP&E$1.68MpropertyPlantAndEquipmentNetResult 70.75x | 3.42xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$12.89McapitalExpendituresD&A$3.77MdepreciationAndAmortizationResult 3.42x | -$0.64Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$25.67MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$12.67MintangibleAssetsLiabilities$32.97MtotalLiabTangible book-$19.98MShares30,976,455commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.64 | -11.98xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$35.92MebitdaCapex$12.89McapitalExpendituresInterest$1.28MinterestExpenseShort-term debt$2.80MshortLongTermDebtEBITDA − capex-$48.81MPrincipal due is the current portion of debt.Result -11.98x | -$35.83MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$22.94MtotalCashFromOperatingActivitiesCapex$12.89McapitalExpendituresFree cash flow-$35.83MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$35.83M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$43.45MoperatingIncomeTax expense$360.70KincomeTaxExpensePretax income-$44.66MincomeBeforeTaxTax rate—Equity-$6.83MtotalStockholderEquityDebt$4.13MshortLongTermDebtTotalCash$3.96McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -25.82xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$43.45MoperatingIncomeNet PP&E$1.68MpropertyPlantAndEquipmentNetResult -25.82x |
| 2023 | 6.6%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.07MpropertyPlantAndEquipmentNetInventory$2.76MinventoryTotal assets$58.48MtotalAssetsResult 6.6% | 142.41xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$152.55MtotalRevenueNet PP&E$1.07MpropertyPlantAndEquipmentNetResult 142.41x | 1.32xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$8.73McapitalExpendituresD&A$6.60MdepreciationAndAmortizationResult 1.32x | -$0.27Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$58.48MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$14.81MintangibleAssetsLiabilities$52.91MtotalLiabTangible book-$9.24MShares33,905,155commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result -$0.27 | -5.80xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.21MebitdaCapex$8.73McapitalExpendituresInterest$2.60MinterestExpenseShort-term debt$327.60KshortLongTermDebtEBITDA − capex-$16.95MPrincipal due is the current portion of debt.Result -5.80x | $86.95KFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$8.82MtotalCashFromOperatingActivitiesCapex$8.73McapitalExpendituresFree cash flow$86.95KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $86.95K | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$14.49MoperatingIncomeTax expense$428.00KincomeTaxExpensePretax income-$17.41MincomeBeforeTaxTax rate—Equity$3.51MtotalStockholderEquityDebt$18.93MshortLongTermDebtTotalCash$33.15McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -13.53xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$14.49MoperatingIncomeNet PP&E$1.07MpropertyPlantAndEquipmentNetResult -13.53x |
| 2024 | 14.7%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$7.88MpropertyPlantAndEquipmentNetInventory$2.80MinventoryTotal assets$72.46MtotalAssetsResult 14.7% | 26.96xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$212.45MtotalRevenueNet PP&E$7.88MpropertyPlantAndEquipmentNetResult 26.96x | 1.22xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$11.54McapitalExpendituresD&A$9.49MdepreciationAndAmortizationResult 1.22x | -$49.29KTangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$72.46MtotalAssetsGoodwill$2,030.64BgoodWillIntangibles$15.85MintangibleAssetsLiabilities$76.51MtotalLiabTangible book-$2,030.66BShares41,196,000commonStockSharesOutstandingResult -$49.29K | -1.71xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$6.65MebitdaCapex$11.54McapitalExpendituresInterest$2.18MinterestExpenseShort-term debt$8.44MshortLongTermDebtEBITDA − capex-$18.19MPrincipal due is the current portion of debt.Result -1.71x | $5.98MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$17.51MtotalCashFromOperatingActivitiesCapex$11.54McapitalExpendituresFree cash flow$5.98MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $5.98M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$16.14MoperatingIncomeTax expense$402.00KincomeTaxExpensePretax income-$18.33MincomeBeforeTaxTax rate—Equity-$5.49MtotalStockholderEquityDebt$25.10MshortLongTermDebtTotalCash$35.00McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.05xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$16.14MoperatingIncomeNet PP&E$7.88MpropertyPlantAndEquipmentNetResult -2.05x |
| 2025 | 11.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$5.27MpropertyPlantAndEquipmentNetInventory$2.77MinventoryTotal assets$70.41MtotalAssetsResult 11.4% | 36.84xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$194.06MtotalRevenueNet PP&E$5.27MpropertyPlantAndEquipmentNetResult 36.84x | 1.30xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$9.52McapitalExpendituresD&A$7.31MdepreciationAndAmortizationResult 1.30x | $0.51Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$70.41MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$262.33KintangibleAssetsLiabilities$47.25MtotalLiabTangible book$22.89MShares45,129,617commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.51 | -5.51xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$1.52MebitdaCapex$9.52McapitalExpendituresInterest$1.36MinterestExpenseShort-term debt$642.42KshortTermDebtEBITDA − capex-$11.04MPrincipal due is short-term debt.Result -5.51x | -$1.24MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$8.28MtotalCashFromOperatingActivitiesCapex$9.52McapitalExpendituresFree cash flow-$1.24MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.24M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$7.67MoperatingIncomeTax expense$45.72KincomeTaxExpensePretax income-$10.19MincomeBeforeTaxTax rate—Equity$23.16MtotalStockholderEquityDebt$6.32MshortLongTermDebtTotalCash$36.79McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.46xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$7.67MoperatingIncomeNet PP&E$5.27MpropertyPlantAndEquipmentNetResult -1.46x |
- 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: $5.27M
Inventory: $2.77M
Total assets: $70.41M
Goodwill: $0.00
Intangibles: $262.33K
Liabilities: $47.25M
Tangible book: $22.89M
Shares: 45,129,617
Revenue: $194.06M
Capex: $9.52M
D&A: $7.31M
EBITDA: -$1.52M
Interest: $1.36M
Short-term debt: $642.42K
Free cash flow: -$1.24M
Operating income: -$7.67M
Invested capital: —
Tax rate: —