CDT Environmental Technology Investment Holdings Ltd key statistics and ratios

In fiscal 2025, CDT Environmental Technology Investment Holdings Ltd had return on equity of -30.0%, an operating margin of -63.9%, debt equal to 0.0% of equity and a current ratio of 1.46. 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.

CDT Environmental Technology Investment Holdings Ltd: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	36.1%	35.5%	33.3%	37.8%	41.5%
Operating margin	32.5%	22.0%	25.2%	6.7%	−63.9%
Net margin	28.8%	20.0%	21.7%	4.9%	−55.9%
Free-cash-flow margin	−1.0%	−15.7%	−9.2%	−6.7%	−8.2%
Return on equity	30.3%	24.4%	26.1%	4.2%	−30.0%
Return on assets	—	10.7%	11.7%	1.8%	−11.4%
Asset turnover	—	0.54	0.54	0.37	0.20
Current ratio	—	1.46	1.60	1.50	1.46
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	111.4x	98.3x	81.1x	14.6x	n/m
Effective tax rate	15.5%	18.0%	16.7%	24.7%	—
R&D as % of revenue	0.6%	0.4%	0.2%	0.2%	0.3%
Capital spending as % of revenue	0.4%	0.2%	0.1%	0.0%	0.0%
Free cash flow ÷ net income	−3.4%	−78.3%	−42.5%	−137.0%	—

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

2 of 3 checks passed · December 31, 2025

What it owns · $89m

Short-term assets $84mLonger-term assets $5m

What it owes, and who funded it · $89m

Short-term liabilities $58mLonger-term liabilities $0mShareholders' equity $31m

Short-term assets cover short-term liabilities $84m of assets due within a year against $58m of liabilities due within a year.
Short-term assets cover long-term liabilities $84m short-term assets against $357,495 of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
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 Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$12m against $91,446 of interest.

From CDT Environmental Technology Investment Holdings 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.

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Figures from CDT Environmental Technology Investment 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 CDT Environmental Technology Investment Holdings Ltd.