ATA Creativity Global key statistics and ratios

In fiscal 2025, ATA Creativity Global had return on equity of -86.3%, an operating margin of -23.9%, debt equal to 50.0% of equity and a current ratio of 0.32. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

ATA Creativity Global: financial ratios, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	47.1%	50.9%	54.9%	48.5%	51.0%	50.7%	50.1%	32.9%	—	36.7%	39.2%	51.8%	49.6%	51.7%	52.7%	48.6%
Operating margin	−12.3%	6.9%	18.3%	7.4%	11.0%	9.1%	12.4%	−969.9%	<−999%	−120.5%	−66.3%	−32.8%	−27.4%	−18.7%	−16.1%	−23.9%
Net margin	−14.4%	6.5%	15.9%	6.3%	7.1%	6.6%	6.2%	−352.9%	>999%	−125.0%	−56.9%	−16.6%	−23.2%	−15.2%	−13.5%	−17.9%
Free-cash-flow margin	−35.6%	19.2%	15.3%	16.3%	8.6%	8.9%	14.7%	—	<−999%	−60.5%	−20.2%	−17.9%	−7.8%	2.9%	−8.7%	−6.4%
Return on equity	−10.2%	5.5%	15.3%	6.2%	7.0%	5.9%	6.7%	−6.6%	—	−42.5%	−36.4%	−17.4%	−28.4%	−25.9%	−37.4%	−86.3%
Return on assets	—	4.4%	12.5%	5.0%	5.8%	4.9%	5.6%	−4.8%	190.4%	−24.3%	−14.4%	−6.2%	−9.6%	−7.2%	−8.0%	−11.1%
Asset turnover	—	0.68	0.79	0.79	0.82	0.74	0.90	0.01	0.00	0.19	0.25	0.37	0.42	0.47	0.59	0.62
Current ratio	—	4.83	3.90	4.46	5.16	4.11	4.26	2.59	10.81	0.69	0.44	0.28	0.22	0.22	0.19	0.32
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.7%	3.4%	0.0%	0.0%	0.0%	0.0%	50.0%
Effective tax rate	—	14.4%	20.4%	23.2%	42.2%	29.3%	42.1%	—	—	—	—	—	—	—	—	—
R&D as % of revenue	9.3%	7.5%	5.2%	6.0%	7.2%	10.5%	8.8%	—	>999%	12.1%	5.4%	5.8%	3.3%	2.1%	1.4%	1.1%
Capital spending as % of revenue	24.2%	1.3%	1.5%	2.2%	1.1%	4.2%	0.7%	43.7%	531.2%	1.3%	3.0%	2.2%	0.8%	1.0%	7.5%	0.5%
Free cash flow ÷ net income	—	294.7%	96.7%	257.7%	121.7%	134.5%	235.8%	—	−37.4%	—	—	—	—	—	—	—
Dividends ÷ net income	—	—	114.0%	109.1%	—	253.1%	—	—	110.7%	—	—	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	—	—	117.9%	42.9%	0.4%	215.1%	31.8%	—	—	—	—	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

ATA Creativity Global: financial ratios, quarterly
Quarter	2017 Q1Mar 2017
Operating margin	−412.8%
Net margin	−145.2%
Current ratio	2.87
Debt to equity	0.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · December 31, 2025

What it owns · $58m

Short-term assets $16mLonger-term assets $42m

What it owes, and who funded it · $58m

Short-term liabilities $49mLonger-term liabilities $5mShareholders' equity $5m

Short-term assets cover short-term liabilities $16m of assets due within a year against $49m of liabilities due within a year.
Short-term assets cover long-term liabilities $16m short-term assets against $5m of longer-dated liabilities.
More cash than debt $12m of cash against $2m of debt.
Debt below 40% of shareholders' equity Debt is 50% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$2m of operating cash flow against $2m of debt.
Operating profit covers interest at least five times over No material interest expense reported.

From ATA Creativity Global's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from ATA Creativity Global's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to ATA Creativity Global.