Utime Ltd key statistics and ratios

In fiscal 2026, Utime Ltd had an operating margin of -11.1%, debt equal to 47.7% of equity and a current ratio of 1.41. 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.

Utime Ltd: financial ratios, annual
Fiscal year	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	10.5%	10.0%	7.4%	5.0%	15.4%	5.2%	2.8%	1.0%
Operating margin	−4.2%	−10.2%	−5.9%	−12.5%	−39.3%	−17.5%	−264.8%	−11.1%
Net margin	−5.0%	−11.2%	−6.7%	−14.1%	−44.3%	−35.4%	−267.0%	−14.2%
Free-cash-flow margin	−8.6%	−10.5%	—	−9.7%	−13.7%	−220.8%	—	−74.5%
Return on equity	−69.3%	−75.9%	−51.8%	−85.9%	−153.6%	−29.6%	—	—
Return on assets	—	−13.1%	−9.8%	−18.3%	−30.1%	−12.5%	−156.9%	−8.4%
Asset turnover	—	1.17	1.45	1.30	0.68	0.35	0.59	0.59
Current ratio	—	0.97	0.88	1.18	0.96	2.12	0.48	1.41
Debt to equity	0.0%	54.5%	166.7%	68.6%	140.4%	15.5%	—	47.7%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	4.4%	5.5%	2.9%	5.1%	8.1%	9.6%	3.8%	2.7%
Capital spending as % of revenue	9.5%	1.6%	—	2.1%	1.3%	0.6%	—	0.0%

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

5 of 7 checks passed · March 31, 2026

What it owns · $65m

Short-term assets $59mLonger-term assets $5m

What it owes, and who funded it · $66m

Short-term liabilities $42mLonger-term liabilities $3mShareholders' equity $21m

Short-term assets cover short-term liabilities $59m of assets due within a year against $42m of liabilities due within a year.
Short-term assets cover long-term liabilities $59m short-term assets against $3m of longer-dated liabilities.
More cash than debt $38m of cash against $2m of debt.
Debt below 40% of shareholders' equity Debt is 7% of equity.
Debt burden no higher than five years ago Debt to equity moved from 22% to 7% over five years.
A year's operating cash flow covers at least 20% of debt −$21m of operating cash flow against $2m of debt.
Operating profit covers interest at least five times over Operating income of −$3m against $842,274 of interest.

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