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.
Standard Life PLC
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 0.37x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash.
Fixed-asset turnover is 503.39x. Compare it with other names in the same basket.
Physical asset ratio
0.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 74.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 332.24BtotalAssetsInventory was not reported and is treated as zero.Result 0.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
503.39xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueGBX 37.25BtotalRevenueNet PP&EGBX 74.00MpropertyPlantAndEquipmentNetResult 503.39x
Revenue per dollar of the physical asset base.
Capex / D&A
0.37xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexGBX 10.00McapitalExpendituresD&AGBX 27.00MdepreciationAndAmortizationResult 0.37x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-GBX 0.27Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 332.24BtotalAssetsGoodwillGBX 10.00MgoodWillIntangiblesGBX 1.55BintangibleAssetsLiabilitiesGBX 330.95BtotalLiabTangible book-GBX 272.00MShares1,001,577,811commonStockSharesOutstandingResult -GBX 0.27
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePriceGBX 930.90Latest quoteTangible book / share-GBX 0.272025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price GBX 930.90.
Fixed-charge coverage
1.14xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 313.00MebitdaCapexGBX 10.00McapitalExpendituresInterestGBX 266.00MinterestExpenseShort-term debtGBX 0.00shortLongTermDebtTotal − longTermDebtEBITDA − capexGBX 303.00MShort-term debt is total debt minus long-term debt.Result 1.14x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
41.4%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowGBX 3.84BNot reportedMarket capGBX 9.28BMarketCapitalizationResult 41.4%
Latest free cash flow divided by current market cap (GBX 9.28B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 20.00MoperatingIncomeTax expenseGBX 414.00MincomeTaxExpensePretax incomeGBX 20.00MincomeBeforeTaxTax rate40.0%EquityGBX 738.00MtotalStockholderEquityDebtGBX 59.00MshortLongTermDebtTotalCashGBX 7.30BcashInvested capital—The effective tax rate was above 40% and was capped at 40%.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.27x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.0%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 48.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 229.98BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 123.38xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueGBX 5.92BtotalRevenueNet PP&EGBX 48.00MpropertyPlantAndEquipmentNetResult 123.38x | 0.00xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexGBX 0.00capitalExpendituresD&AGBX 18.00MdepreciationAndAmortizationResult 0.00x | GBX 1.62Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 229.98BtotalAssetsGoodwillGBX 57.00MgoodWillIntangiblesGBX 4.28BintangibleAssetsLiabilitiesGBX 224.03BtotalLiabTangible bookGBX 1.62BShares1,000,000,000commonStockSharesOutstandingResult GBX 1.62 | 2.72xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 419.00MebitdaCapexGBX 0.00capitalExpendituresInterestGBX 142.00MinterestExpenseShort-term debtGBX 12.00MshortTermDebtEBITDA − capexGBX 419.00MPrincipal due is short-term debt.Result 2.72x | -GBX 447.00MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-GBX 447.00MtotalCashFromOperatingActivitiesCapexGBX 0.00capitalExpendituresFree cash flow-GBX 447.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -GBX 447.00M | 3.2%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 259.00MoperatingIncomeTax expense-GBX 151.00MincomeTaxExpensePretax incomeGBX 259.00MincomeBeforeTaxTax rate0.0%EquityGBX 5.66BtotalStockholderEquityDebtGBX 2.68BshortLongTermDebtTotalCashGBX 354.00McashInvested capitalGBX 7.98BResult 3.2% | 5.40xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeGBX 259.00MoperatingIncomeNet PP&EGBX 48.00MpropertyPlantAndEquipmentNetResult 5.40x |
| 2019 | 0.0%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 109.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 242.68BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 102.32xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueGBX 11.15BtotalRevenueNet PP&EGBX 109.00MpropertyPlantAndEquipmentNetResult 102.32x | 0.00xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexGBX 0.00capitalExpendituresD&AGBX 20.00MdepreciationAndAmortizationResult 0.00x | GBX 5.21Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 242.68BtotalAssetsGoodwillGBX 57.00MgoodWillIntangiblesGBX 328.00MintangibleAssetsLiabilitiesGBX 237.08BtotalLiabTangible bookGBX 5.21BShares1,000,000,000commonStockSharesOutstandingResult GBX 5.21 | 2.88xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 533.00MebitdaCapexGBX 0.00capitalExpendituresInterestGBX 162.00MinterestExpenseShort-term debtGBX 23.00MshortTermDebtEBITDA − capexGBX 533.00MPrincipal due is short-term debt.Result 2.88x | -GBX 35.00MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-GBX 35.00MtotalCashFromOperatingActivitiesCapexGBX 0.00capitalExpendituresFree cash flow-GBX 35.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -GBX 35.00M | 6.0%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 351.00MoperatingIncomeTax expenseGBX 235.00MincomeTaxExpensePretax incomeGBX 351.00MincomeBeforeTaxTax rate40.0%EquityGBX 5.28BtotalStockholderEquityDebtGBX 2.70BshortLongTermDebtTotalCashGBX 4.47BcashInvested capitalGBX 3.51BThe effective tax rate was above 40% and was capped at 40%.Result 6.0% | 3.22xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeGBX 351.00MoperatingIncomeNet PP&EGBX 109.00MpropertyPlantAndEquipmentNetResult 3.22x |
| 2020 | 0.0%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 119.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 334.33BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 182.68xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueGBX 21.74BtotalRevenueNet PP&EGBX 119.00MpropertyPlantAndEquipmentNetResult 182.68x | 0.00xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexGBX 0.00capitalExpendituresD&AGBX 18.00MdepreciationAndAmortizationResult 0.00x | GBX 6.26Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 334.33BtotalAssetsGoodwillGBX 57.00MgoodWillIntangiblesGBX 228.00MintangibleAssetsLiabilitiesGBX 326.45BtotalLiabTangible bookGBX 7.59BShares1,211,911,000commonStockSharesOutstandingResult GBX 6.26 | 2.68xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 1.52BebitdaCapexGBX 0.00capitalExpendituresInterestGBX 234.00MinterestExpenseShort-term debtGBX 333.00MshortTermDebtEBITDA − capexGBX 1.52BPrincipal due is short-term debt.Result 2.68x | GBX 6.58BFree cash flow · 2020-12-31Reported free cash flowOperating cash flowGBX 6.58BtotalCashFromOperatingActivitiesCapexGBX 0.00capitalExpendituresFree cash flowGBX 6.58BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 6.58B | 49.7%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 1.27BoperatingIncomeTax expenseGBX 436.00MincomeTaxExpensePretax incomeGBX 1.27BincomeBeforeTaxTax rate34.3%EquityGBX 7.53BtotalStockholderEquityDebtGBX 5.15BshortLongTermDebtTotalCashGBX 11.00BcashInvested capitalGBX 1.68BResult 49.7% | 10.67xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeGBX 1.27BoperatingIncomeNet PP&EGBX 119.00MpropertyPlantAndEquipmentNetResult 10.67x |
| 2021 | 0.0%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 130.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 327.77BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 187.52xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueGBX 24.38BtotalRevenueNet PP&EGBX 130.00MpropertyPlantAndEquipmentNetResult 187.52x | 0.00xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexGBX 0.00capitalExpendituresD&AGBX 20.00MdepreciationAndAmortizationResult 0.00x | GBX 8.60Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 327.77BtotalAssetsGoodwillGBX 10.00MgoodWillIntangiblesGBX 242.00MintangibleAssetsLiabilitiesGBX 318.94BtotalLiabTangible bookGBX 8.58BShares997,650,000commonStockSharesOutstandingResult GBX 8.60 | -0.23xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-GBX 168.00MebitdaCapexGBX 0.00capitalExpendituresInterestGBX 242.00MinterestExpenseShort-term debtGBX 477.00MshortTermDebtEBITDA − capex-GBX 168.00MPrincipal due is short-term debt.Result -0.23x | -GBX 1.26BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-GBX 1.26BtotalCashFromOperatingActivitiesCapexGBX 0.00capitalExpendituresFree cash flow-GBX 1.26BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -GBX 1.26B | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-GBX 430.00MoperatingIncomeTax expenseGBX 279.00MincomeTaxExpensePretax income-GBX 430.00MincomeBeforeTaxTax rate—EquityGBX 5.82BtotalStockholderEquityDebtGBX 4.82BshortLongTermDebtTotalCashGBX 9.11BcashInvested capitalGBX 1.52BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.31xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-GBX 430.00MoperatingIncomeNet PP&EGBX 130.00MpropertyPlantAndEquipmentNetResult -3.31x |
| 2022 | 0.0%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 125.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 281.04BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | -69.27xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue-GBX 8.66BtotalRevenueNet PP&EGBX 125.00MpropertyPlantAndEquipmentNetResult -69.27x | 0.00xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexGBX 0.00capitalExpendituresD&AGBX 6.00MdepreciationAndAmortizationResult 0.00x | GBX 4.01Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 281.04BtotalAssetsGoodwillGBX 10.00MgoodWillIntangiblesGBX 221.00MintangibleAssetsLiabilitiesGBX 276.80BtotalLiabTangible bookGBX 4.01BShares1,000,000,000commonStockSharesOutstandingResult GBX 4.01 | -12.72xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-GBX 3.85BebitdaCapexGBX 0.00capitalExpendituresInterestGBX 230.00MinterestExpenseShort-term debtGBX 73.00MshortTermDebtEBITDA − capex-GBX 3.85BPrincipal due is short-term debt.Result -12.72x | -GBX 3.32BFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-GBX 3.32BtotalCashFromOperatingActivitiesCapexGBX 0.00capitalExpendituresFree cash flow-GBX 3.32BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -GBX 3.32B | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-GBX 4.09BoperatingIncomeTax expense-GBX 1.43BincomeTaxExpensePretax income-GBX 4.09BincomeBeforeTaxTax rate—EquityGBX 3.71BtotalStockholderEquityDebtGBX 4.65BshortLongTermDebtTotalCashGBX 8.87BcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -32.71xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-GBX 4.09BoperatingIncomeNet PP&EGBX 125.00MpropertyPlantAndEquipmentNetResult -32.71x |
| 2023 | 0.0%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 106.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 299.31BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 251.96xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueGBX 26.71BtotalRevenueNet PP&EGBX 106.00MpropertyPlantAndEquipmentNetResult 251.96x | 0.00xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexGBX 0.00capitalExpendituresD&AGBX 29.00MdepreciationAndAmortizationResult 0.00x | GBX 1.50Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 299.31BtotalAssetsGoodwillGBX 10.00MgoodWillIntangiblesGBX 2.02BintangibleAssetsLiabilitiesGBX 295.77BtotalLiabTangible bookGBX 1.51BShares1,007,000,000commonStockSharesOutstandingResult GBX 1.50 | 1.54xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 549.00MebitdaCapexGBX 0.00capitalExpendituresInterestGBX 258.00MinterestExpenseShort-term debtGBX 99.00MshortTermDebtEBITDA − capexGBX 549.00MPrincipal due is short-term debt.Result 1.54x | GBX 6.92BFree cash flow · 2023-12-31Reported free cash flowOperating cash flowGBX 6.92BtotalCashFromOperatingActivitiesCapexGBX 0.00capitalExpendituresFree cash flowGBX 6.92BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result GBX 6.92B | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 262.00MoperatingIncomeTax expenseGBX 178.00MincomeTaxExpensePretax incomeGBX 262.00MincomeBeforeTaxTax rate40.0%EquityGBX 2.99BtotalStockholderEquityDebtGBX 3.88BshortLongTermDebtTotalCashGBX 7.22BcashAndShortTermInvestmentsInvested capital—The effective tax rate was above 40% and was capped at 40%.Result — | 2.47xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeGBX 262.00MoperatingIncomeNet PP&EGBX 106.00MpropertyPlantAndEquipmentNetResult 2.47x |
| 2024 | 0.0%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 91.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 307.86BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 274.92xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueGBX 25.02BtotalRevenueNet PP&EGBX 91.00MpropertyPlantAndEquipmentNetResult 274.92x | 1.04xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexGBX 29.00McapitalExpendituresD&AGBX 28.00MdepreciationAndAmortizationResult 1.04x | GBX 0.36Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 307.86BtotalAssetsGoodwillGBX 10.00MgoodWillIntangiblesGBX 1.87BintangibleAssetsLiabilitiesGBX 305.61BtotalLiabTangible bookGBX 364.00MShares1,001,000,000commonStockSharesOutstandingResult GBX 0.36 | -1.39xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-GBX 789.00MebitdaCapexGBX 29.00McapitalExpendituresInterestGBX 290.00MinterestExpenseShort-term debtGBX 300.00MshortTermDebtEBITDA − capex-GBX 818.00MPrincipal due is short-term debt.Result -1.39x | GBX 4.04BFree cash flow · 2024-12-31Operating cash flow − capexOperating cash flowGBX 4.07BtotalCashFromOperatingActivitiesCapexGBX 29.00McapitalExpendituresFree cash flowGBX 4.04BNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result GBX 4.04B | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-GBX 1.11BoperatingIncomeTax expense-GBX 29.00MincomeTaxExpensePretax income-GBX 1.11BincomeBeforeTaxTax rate—EquityGBX 1.71BtotalStockholderEquityDebtGBX 4.23BshortLongTermDebtTotalCashGBX 9.45BcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -12.16xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-GBX 1.11BoperatingIncomeNet PP&EGBX 91.00MpropertyPlantAndEquipmentNetResult -12.16x |
| 2025 | 0.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EGBX 74.00MpropertyPlantAndEquipmentNetInventoryGBX 0.00Not reported, treated as 0Total assetsGBX 332.24BtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 503.39xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueGBX 37.25BtotalRevenueNet PP&EGBX 74.00MpropertyPlantAndEquipmentNetResult 503.39x | 0.37xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexGBX 10.00McapitalExpendituresD&AGBX 27.00MdepreciationAndAmortizationResult 0.37x | -GBX 0.27Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsGBX 332.24BtotalAssetsGoodwillGBX 10.00MgoodWillIntangiblesGBX 1.55BintangibleAssetsLiabilitiesGBX 330.95BtotalLiabTangible book-GBX 272.00MShares1,001,577,811commonStockSharesOutstandingResult -GBX 0.27 | 1.14xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAGBX 313.00MebitdaCapexGBX 10.00McapitalExpendituresInterestGBX 266.00MinterestExpenseShort-term debtGBX 0.00shortLongTermDebtTotal − longTermDebtEBITDA − capexGBX 303.00MShort-term debt is total debt minus long-term debt.Result 1.14x | GBX 3.84BFree cash flow · 2025-12-31Operating cash flow − capexOperating cash flowGBX 3.85BtotalCashFromOperatingActivitiesCapexGBX 10.00McapitalExpendituresFree cash flowGBX 3.84BNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result GBX 3.84B | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeGBX 20.00MoperatingIncomeTax expenseGBX 414.00MincomeTaxExpensePretax incomeGBX 20.00MincomeBeforeTaxTax rate40.0%EquityGBX 738.00MtotalStockholderEquityDebtGBX 59.00MshortLongTermDebtTotalCashGBX 7.30BcashInvested capital—The effective tax rate was above 40% and was capped at 40%.Result — | 0.27xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeGBX 20.00MoperatingIncomeNet PP&EGBX 74.00MpropertyPlantAndEquipmentNetResult 0.27x |
- Inventory was missing and treated as zero in the physical asset ratio.
- 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 total debt minus long-term debt.
- Reported free cash flow matched operating cash flow, so capex was subtracted.
- The effective tax rate was above 40% and was capped at 40% for ROIC.
Latest year inputs (2025)
Net PP&E: GBX 74.00M
Inventory: GBX 0.00
Total assets: GBX 332.24B
Goodwill: GBX 10.00M
Intangibles: GBX 1.55B
Liabilities: GBX 330.95B
Tangible book: -GBX 272.00M
Shares: 1,001,577,811
Revenue: GBX 37.25B
Capex: GBX 10.00M
D&A: GBX 27.00M
EBITDA: GBX 313.00M
Interest: GBX 266.00M
Short-term debt: GBX 0.00
Free cash flow: GBX 3.84B
Operating income: GBX 20.00M
Invested capital: —
Tax rate: 40.0%