Bon Natural Life Ltd key statistics and ratios

In fiscal 2025, Bon Natural Life Ltd had return on equity of -3.9%, an operating margin of -8.7%, debt equal to 21.2% of equity and a current ratio of 1.74. 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.

Bon Natural Life Ltd: financial ratios, annual
Fiscal year	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Gross margin	32.2%	28.6%	27.9%	31.5%	29.9%	29.8%	20.8%
Operating margin	19.4%	19.0%	21.2%	22.1%	20.1%	7.9%	−8.7%
Net margin	15.7%	16.6%	18.0%	20.9%	15.6%	1.7%	−10.7%
Free-cash-flow margin	42.0%	14.3%	15.7%	−0.7%	−2.3%	−32.4%	0.7%
Return on equity	35.4%	34.0%	25.1%	22.4%	14.1%	1.0%	−3.9%
Return on assets	—	12.0%	14.9%	16.9%	11.0%	0.7%	−2.7%
Asset turnover	—	0.72	0.83	0.81	0.70	0.44	0.25
Current ratio	—	0.93	2.20	2.21	2.52	2.42	1.74
Debt to equity	—	47.5%	32.7%	16.1%	10.7%	16.3%	21.2%
Interest cover (operating income ÷ interest)	9.5x	10.5x	12.9x	14.8x	24.9x	6.2x	n/m
Effective tax rate	14.3%	15.2%	15.1%	16.7%	18.0%	49.1%	—
R&D as % of revenue	3.2%	1.1%	1.0%	1.4%	1.0%	6.8%	4.0%
Capital spending as % of revenue	1.3%	0.2%	0.2%	0.1%	0.2%	0.0%	0.0%
Free cash flow ÷ net income	267.7%	86.3%	87.2%	−3.4%	−14.8%	<−999%	—

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

5 of 7 checks passed · September 30, 2025

What it owns · $85m

Short-term assets $46mLonger-term assets $39m

What it owes, and who funded it · $85m

Short-term liabilities $26mLonger-term liabilities $1mShareholders' equity $58m

Short-term assets cover short-term liabilities $46m of assets due within a year against $26m of liabilities due within a year.
Short-term assets cover long-term liabilities $46m short-term assets against $879,416 of longer-dated liabilities.
More cash than debt $6m of cash against $2m of debt.
Debt below 40% of shareholders' equity Debt is 3% of equity.
Debt burden no higher than five years ago Debt to equity moved from 24% to 3% over five years.
A year's operating cash flow covers at least 20% of debt $141,115 of operating cash flow against $2m of debt.
Operating profit covers interest at least five times over Operating income of −$2m against $366,180 of interest.

From Bon Natural Life Ltd'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: Low.

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

Compare with peers

Head to head: BON vs PMA ASPI vs BON BON vs YMAT BON vs CNEY

More: Specialty Chemicals stocks compared, Materials sector, rankings of US companies

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