Skillful Craftsman Education Technology Ltd key statistics and ratios

In fiscal 2026, Skillful Craftsman Education Technology Ltd had return on equity of -82.8%, an operating margin of -18699.0%, debt equal to 0.0% of equity and a current ratio of 0.17. 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.

Skillful Craftsman Education Technology Ltd: financial ratios, annual
Fiscal year	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	68.4%	61.7%	58.8%	49.6%	23.3%	82.3%	−7.3%	78.2%	50.5%
Operating margin	53.2%	46.5%	46.3%	30.8%	−2.4%	<−999%	−74.9%	−116.4%	<−999%
Net margin	40.3%	35.2%	34.9%	12.0%	−6.1%	<−999%	−236.2%	−848.3%	<−999%
Free-cash-flow margin	113.7%	25.7%	34.3%	19.4%	18.7%	−238.4%	−133.1%	−449.1%	<−999%
Return on equity	54.2%	57.6%	42.5%	9.5%	−2.9%	−54.2%	−19.5%	−43.0%	−82.8%
Return on assets	20.0%	23.6%	22.4%	6.7%	−2.1%	−35.8%	−11.8%	−29.4%	−71.4%
Asset turnover	0.50	0.67	0.64	0.56	0.35	0.02	0.05	0.03	0.00
Current ratio	0.27	0.74	0.79	1.88	3.43	8.17	11.99	0.92	0.17
Debt to equity	0.0%	0.0%	0.0%	0.0%	29.5%	50.8%	61.6%	—	0.0%
Interest cover (operating income ÷ interest)	—	—	—	—	n/m	n/m	n/m	n/m	n/m
Effective tax rate	25.0%	25.0%	25.1%	49.9%	—	—	—	—	—
R&D as % of revenue	—	—	—	—	—	—	0.0%	0.0%	>999%
Capital spending as % of revenue	0.0%	56.6%	5.8%	17.5%	2.2%	0.0%	0.0%	0.0%	0.0%
Free cash flow ÷ net income	282.1%	73.0%	98.3%	161.9%	—	—	—	—	—

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

1 of 3 checks passed · March 31, 2026

What it owns · $9m

Short-term assets $0mLonger-term assets $8m

What it owes, and who funded it · $9m

Short-term liabilities $2mLonger-term liabilities $0mShareholders' equity $7m

Short-term assets cover short-term liabilities $305,503 of assets due within a year against $2m of liabilities due within a year.
Short-term assets cover long-term liabilities $305,503 short-term assets against $0 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 −$3m against $49,482 of interest.

From Skillful Craftsman Education Technology 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: 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 Skillful Craftsman Education Technology Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Skillful Craftsman Education Technology Ltd.