Solowin Holdings, Ltd. key statistics and ratios

In fiscal 2026, Solowin Holdings, Ltd. had return on equity of -88.9%, a net margin of -47.4%, debt equal to 20.8% of equity and a current ratio of 1.55. 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.

Solowin Holdings, Ltd.: financial ratios, annual
Fiscal year	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Operating margin	6.0%	1.4%	0.1%	—	—
Net margin	−30.1%	30.3%	−106.2%	−302.9%	−47.4%
Free-cash-flow margin	−176.8%	−10.1%	−134.0%	−40.6%	−55.3%
Return on equity	−49.0%	50.5%	−74.3%	−125.1%	−88.9%
Return on assets	−10.3%	13.7%	−35.6%	−61.6%	−42.2%
Asset turnover	0.34	0.45	0.33	0.20	0.89
Current ratio	—	1.43	2.12	1.29	1.55
Debt to equity	0.0%	189.9%	57.3%	106.2%	20.8%
Interest cover (operating income ÷ interest)	0.9x	—	—	—	—
Capital spending as % of revenue	0.5%	0.2%	3.3%	3.1%	0.7%
Free cash flow ÷ net income	—	−33.4%	—	—	—

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.

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.

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Figures from Solowin Holdings, Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Solowin Holdings, Ltd.