Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
GuruFocus do not calculate Capex-to-Operating-Cash-Flow if the Cash Flow from Operations is negative.
Clearwire Capex-to-Operating-Cash-Flow Historical Data
The historical data trend for Clearwire's Capex-to-Operating-Cash-Flow can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Clearwire's Capex-to-Operating-Cash-Flow
For the Telecom Services subindustry, Clearwire's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Clearwire's Capex-to-Operating-Cash-Flow Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Clearwire's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Clearwire's Capex-to-Operating-Cash-Flow falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Clearwire Capex-to-Operating-Cash-Flow Related Terms
Thank you for viewing the detailed overview of Clearwire's Capex-to-Operating-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
Clearwire Corp builds wireless networks intended primarily to provide Internet access to consumers and businesses. The firm was formed in 2008 via the merger of 'Old' Clearwire, a firm founded in 2003 to build wireless networks and certain assets from Sprint Nextel. These assets included wireless spectrum and network equipment that Sprint had intended for use in building wireless networks based on WiMAX, a fairly new wireless standard designed to offer data, rather than phone, services. At the time of Clearwire's creation, it received approx $3.2 billion investment from a group of investors that includes cable companies Comcast, Time Warner Cable, and Bright House Networks and technology firms Google and Intel. These funds will be used to finance network expansion. Sprint owns more than half of Clearwire via its interest in a subsidiary that holds all of Clearwire's assets. Intel is the firm's second largest shareholder, with a 13% stake. Clearwire's networks currently cover territories with a combined population of about 20 million people. Most of these networks were built by the original Clearwire using a pre-standards version of WiMAX technology. All current construction is entirely WiMAX based and Clearwire plans to upgrade older networks to WiMAX over the next two years. The firm owns wireless spectrum capable of covering most of the U.S. population and networks currently under construction will allow it to serve about 75 million people. Clearwire is in the initial stages of building networks covering an addition 45 million people. Wireless services are provided using a wireless modem or PC card, which customers can either buy or lease from the company. Clearwire's Internet access service offers download speeds of up to 2 megabits per second (Mbps) in markets with older technology and 4 Mbps in areas served with WiMAX. The firm markets its service directly to customers and will also resell services through Sprint and its cable investors. Clearwire competes with phone and cable companies for Internet access customers. It also competes with wireless carriers that offer data services over their existing networks. Both AT&T and Verizon Wireless, the two largest carriers in the U.S., have announced plans to deploy networks based on LTE, an alternative next-generation wireless standard that is still in development.
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