Ezgo Technologies Ltd. key statistics and ratios

In fiscal 2025, Ezgo Technologies Ltd. had return on equity of -16.3% and a net margin of -42.4%. 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.

Ezgo Technologies Ltd.: financial ratios, annual
Fiscal year	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Net margin	19.9%	159.8%	1.8%	−14.6%	−37.2%	−74.0%	−40.0%	−42.4%
Return on equity	9.6%	29.5%	3.2%	−18.3%	−21.9%	−14.4%	−11.9%	−16.3%
Return on assets	—	11.4%	1.4%	−11.0%	−14.4%	−10.5%	−8.7%	−11.3%
Effective tax rate	34.3%	35.7%	25.8%	—	—	—	—	—
R&D as % of revenue	—	—	—	—	4.8%	6.7%	4.9%	4.7%

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 · September 30, 2025

What it owns · $69m

Short-term assets $38mLonger-term assets $32m

What it owes, and who funded it · $67m

Short-term liabilities $12mLonger-term liabilities $6mShareholders' equity $48m

Short-term assets cover short-term liabilities $38m of assets due within a year against $12m of liabilities due within a year.
Short-term assets cover long-term liabilities $38m short-term assets against $6m of longer-dated liabilities.
More cash than debt $517,338 of cash against $8m of debt.
Debt below 40% of shareholders' equity Debt is 17% 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 $8m of debt.
Operating profit covers interest at least five times over Operating income of −$3m against $130,507 of interest.

From Ezgo Technologies 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.

Compare with peers

Head to head: EZGO vs FLYE EZGO vs XOS EZGO vs KNDI AIIO vs EZGO

More: Automobile Manufacturers stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Ezgo Technologies Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ezgo Technologies Ltd.