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.
Sonim Technologies Inc
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 0.00x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -0.33x, which is below 1.
Physical asset ratio
—Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$43.90MtotalAssetsResult —
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—Fixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E—Not reportedResult —
Revenue per dollar of the physical asset base.
Capex / D&A
0.00xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$4.30MdepreciationAndAmortizationResult 0.00x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$9.31Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$43.90MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$50.63MtotalLiabTangible book-$6.73MShares722,689commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$9.31
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$2.86Latest quoteTangible book / share-$9.312025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price $2.86.
Fixed-charge coverage
-0.33xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.17MebitdaCapex$0.00capitalExpendituresInterest$1.49MinterestExpenseShort-term debt$5.07MshortTermDebtEBITDA − capex-$2.17MPrincipal due is short-term debt.Result -0.33x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-535.8%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$23.53MfreeCashFlowMarket cap$4.39MMarketCapitalizationResult -535.8%
Latest free cash flow divided by current market cap ($4.39M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$5.41MoperatingIncomeTax expense$0.00taxProvisionPretax income-$7.96MincomeBeforeTaxTax rate—Equity-$6.73MtotalStockholderEquityDebt$5.07MshortLongTermDebtTotalCash$1.30McashInvested 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.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 34.0%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.07MpropertyPlantEquipmentInventory$21.83MinventoryTotal assets$67.35MtotalAssetsResult 34.0% | 126.67xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$135.67MtotalRevenueNet PP&E$1.07MpropertyPlantEquipmentResult 126.67x | 1.38xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$2.55McapitalExpendituresD&A$1.85MdepreciationAndAmortizationResult 1.38x | $461.28Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$67.35MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$62.22MtotalLiabTangible book$5.13MShares11,119commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $461.28 | 1.49xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.71MebitdaCapex$2.55McapitalExpendituresInterest$1.83MinterestExpenseShort-term debt$301.00KshortTermDebtEBITDA − capex$3.16MPrincipal due is short-term debt.Result 1.49x | $1.32MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$3.86MtotalCashFromOperatingActivitiesCapex$2.55McapitalExpendituresFree cash flow$1.32MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.32M | 60.7%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$5.39MoperatingIncomeTax expense$754.00KincomeTaxExpensePretax income$2.03MincomeBeforeTaxTax rate37.1%Equity$5.13MtotalStockholderEquityDebt$13.51MshortLongTermDebtTotalCash$13.05McashInvested capital$5.59MResult 60.7% | 5.04xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$5.39MoperatingIncomeNet PP&E$1.07MpropertyPlantEquipmentResult 5.04x |
| 2019 | 37.8%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.44MpropertyPlantEquipmentInventory$19.53MinventoryTotal assets$55.46MtotalAssetsResult 37.8% | 80.62xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$116.25MtotalRevenueNet PP&E$1.44MpropertyPlantEquipmentResult 80.62x | 0.38xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$1.36McapitalExpendituresD&A$3.53MdepreciationAndAmortizationResult 0.38x | $2.47KTangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$55.46MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$29.93MtotalLiabTangible book$25.53MShares10,335commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $2.47K | -1.83xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$19.40MebitdaCapex$1.36McapitalExpendituresInterest$1.52MinterestExpenseShort-term debt$9.82MshortTermDebtEBITDA − capex-$20.76MPrincipal due is short-term debt.Result -1.83x | -$34.88MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$33.52MtotalCashFromOperatingActivitiesCapex$1.36McapitalExpendituresFree cash flow-$34.88MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$34.88M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$22.38MoperatingIncomeTax expense$1.39MincomeTaxExpensePretax income-$24.45MincomeBeforeTaxTax rate—Equity$25.53MtotalStockholderEquityDebt$10.18MshortLongTermDebtTotalCash$11.30McashInvested capital$24.41MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -15.52xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$22.38MoperatingIncomeNet PP&E$1.44MpropertyPlantEquipmentResult -15.52x |
| 2020 | 24.2%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$843.00KpropertyPlantEquipmentInventory$11.34MinventoryTotal assets$50.31MtotalAssetsResult 24.2% | 75.91xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$63.99MtotalRevenueNet PP&E$843.00KpropertyPlantEquipmentResult 75.91x | 0.00xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$11.00KcapitalExpendituresD&A$2.73MdepreciationAndAmortizationResult 0.00x | $1.11KTangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$50.31MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$21.90MtotalLiabTangible book$28.41MShares25,671commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $1.11K | -28.82xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$26.97MebitdaCapex$11.00KcapitalExpendituresInterest$759.00KinterestExpenseShort-term debt$177.00KshortTermDebtEBITDA − capex-$26.98MPrincipal due is short-term debt.Result -28.82x | -$10.57MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$10.56MtotalCashFromOperatingActivitiesCapex$11.00KcapitalExpendituresFree cash flow-$10.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$10.57M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$29.26MoperatingIncomeTax expense-$521.00KincomeTaxExpensePretax income-$30.45MincomeBeforeTaxTax rate—Equity$28.41MtotalStockholderEquityDebt$362.00KshortLongTermDebtTotalCash$22.14McashInvested capital$6.63MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -34.71xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$29.26MoperatingIncomeNet PP&E$843.00KpropertyPlantEquipmentResult -34.71x |
| 2021 | 14.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$534.00KpropertyPlantEquipmentInventory$5.54MinventoryTotal assets$41.09MtotalAssetsResult 14.8% | 102.19xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$54.57MtotalRevenueNet PP&E$534.00KpropertyPlantEquipmentResult 102.19x | 0.02xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$46.00KcapitalExpendituresD&A$2.13MdepreciationAndAmortizationResult 0.02x | $354.32Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$41.09MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$22.46MtotalLiabTangible book$18.63MShares52,580commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $354.32 | -59.93xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$36.33MebitdaCapex$46.00KcapitalExpendituresInterest$459.00KinterestExpenseShort-term debt$148.00KshortTermDebtEBITDA − capex-$36.38MPrincipal due is short-term debt.Result -59.93x | -$38.52MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$38.48MtotalCashFromOperatingActivitiesCapex$46.00KcapitalExpendituresFree cash flow-$38.52MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$38.52M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$38.00MoperatingIncomeTax expense$167.00KincomeTaxExpensePretax income-$38.46MincomeBeforeTaxTax rate—Equity$18.63MtotalStockholderEquityDebt$214.00KshortLongTermDebtTotalCash$11.23McashInvested capital$7.61MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -71.16xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$38.00MoperatingIncomeNet PP&E$534.00KpropertyPlantEquipmentResult -71.16x |
| 2022 | 7.7%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$234.00KpropertyPlantEquipmentInventory$3.91MinventoryTotal assets$53.69MtotalAssetsResult 7.7% | 298.41xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$69.83MtotalRevenueNet PP&E$234.00KpropertyPlantEquipmentResult 298.41x | 0.00xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$8.00KcapitalExpendituresD&A$2.38MdepreciationAndAmortizationResult 0.00x | $124.89Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$53.69MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$33.64MtotalLiabTangible book$20.05MShares160,495commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $124.89 | -46.88xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$11.43MebitdaCapex$8.00KcapitalExpendituresInterest$97.00KinterestExpenseShort-term debt$147.00KshortLongTermDebtEBITDA − capex-$11.44MPrincipal due is the current portion of debt.Result -46.88x | -$12.37MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$12.36MtotalCashFromOperatingActivitiesCapex$8.00KcapitalExpendituresFree cash flow-$12.37MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$12.37M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$14.29MoperatingIncomeTax expense$184.00KincomeTaxExpensePretax income-$13.90MincomeBeforeTaxTax rate—Equity$20.05MtotalStockholderEquityDebt$213.00KshortLongTermDebtTotalCash$13.21McashInvested capital$7.05MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -61.07xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$14.29MoperatingIncomeNet PP&E$234.00KpropertyPlantEquipmentResult -61.07x |
| 2023 | 11.9%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$126.00KpropertyPlantAndEquipmentNetInventory$6.52MinventoryTotal assets$56.04MtotalAssetsResult 11.9% | 743.11xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$93.63MtotalRevenueNet PP&E$126.00KpropertyPlantAndEquipmentNetResult 743.11x | 0.02xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$36.00KcapitalExpendituresD&A$2.21MdepreciationAndAmortizationResult 0.02x | $96.58Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$56.04MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$33.68MtotalLiabTangible book$22.37MShares231,607commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $96.58 | 35.27xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.51MebitdaCapex$36.00KcapitalExpendituresInterest$15.00KinterestExpenseShort-term debt$55.00KshortTermDebtEBITDA − capex$2.47MPrincipal due is short-term debt.Result 35.27x | -$4.09MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$4.05MtotalCashFromOperatingActivitiesCapex$36.00KcapitalExpendituresFree cash flow-$4.09MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$4.09M | 2.4%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$513.00KoperatingIncomeTax expense$374.00KincomeTaxExpensePretax income$284.00KincomeBeforeTaxTax rate40.0%Equity$22.37MtotalStockholderEquityDebt$55.00KshortLongTermDebtTotalCash$9.40McashInvested capital$13.03MThe effective tax rate was above 40% and was capped at 40%.Result 2.4% | 4.07xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$513.00KoperatingIncomeNet PP&E$126.00KpropertyPlantAndEquipmentNetResult 4.07x |
| 2024 | 27.3%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$227.00KpropertyPlantAndEquipmentNetInventory$10.62MinventoryTotal assets$39.74MtotalAssetsResult 27.3% | 256.82xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$58.30MtotalRevenueNet PP&E$227.00KpropertyPlantAndEquipmentNetResult 256.82x | 0.06xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$214.00KcapitalExpendituresD&A$3.56MdepreciationAndAmortizationResult 0.06x | -$21.75Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$39.74MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$45.44MtotalLiabTangible book-$5.70MShares262,115commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$21.75 | -1,036.21xFixed-charge coverage · 2024-12-31(EBITDA − capex) / interestEBITDA-$29.84MebitdaCapex$214.00KcapitalExpendituresInterest$29.00KinterestExpenseEBITDA − capex-$30.05MShort-term debt was not reported, so the denominator is interest only.Result -1,036.21x | -$8.70MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$8.49MtotalCashFromOperatingActivitiesCapex$214.00KcapitalExpendituresFree cash flow-$8.70MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$8.70M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$33.64MoperatingIncomeTax expense$226.00KincomeTaxExpensePretax income-$33.42MincomeBeforeTaxTax rate—Equity-$5.70MtotalStockholderEquityDebt—Not reportedCash$5.34McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -148.19xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$33.64MoperatingIncomeNet PP&E$227.00KpropertyPlantAndEquipmentNetResult -148.19x |
| 2025 | —Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$43.90MtotalAssetsResult — | —Fixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$0.00totalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$0.00capitalExpendituresD&A$4.30MdepreciationAndAmortizationResult 0.00x | -$9.31Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$43.90MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$50.63MtotalLiabTangible book-$6.73MShares722,689commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$9.31 | -0.33xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$2.17MebitdaCapex$0.00capitalExpendituresInterest$1.49MinterestExpenseShort-term debt$5.07MshortTermDebtEBITDA − capex-$2.17MPrincipal due is short-term debt.Result -0.33x | -$23.53MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$23.53MtotalCashFromOperatingActivitiesCapex$0.00capitalExpendituresFree cash flow-$23.53MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$23.53M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$5.41MoperatingIncomeTax expense$0.00taxProvisionPretax income-$7.96MincomeBeforeTaxTax rate—Equity-$6.73MtotalStockholderEquityDebt$5.07MshortLongTermDebtTotalCash$1.30McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$5.41MoperatingIncomeNet PP&E—Not reportedResult — |
- Principal due is short-term debt, the amount reported as due within a year.
- Free-cash-flow yield is extreme. Market cap and free cash flow may be in different units.
Latest year inputs (2025)
Net PP&E: —
Inventory: —
Total assets: $43.90M
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $50.63M
Tangible book: -$6.73M
Shares: 722,689
Revenue: $0.00
Capex: $0.00
D&A: $4.30M
EBITDA: -$2.17M
Interest: $1.49M
Short-term debt: $5.07M
Free cash flow: -$23.53M
Operating income: -$5.41M
Invested capital: —
Tax rate: —