High-trend International Group key statistics and ratios

In fiscal 2025, High-trend International Group had an operating margin of -9.3% and a current ratio of 1.54. 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.

High-trend International Group: financial ratios, annual
Fiscal year	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025
Gross margin	−5.0%	10.6%	14.5%	−12.5%	7.5%	3.2%
Operating margin	−7.3%	8.6%	12.7%	−16.4%	2.1%	−9.3%
Net margin	−4.0%	4.4%	6.6%	−9.8%	−21.8%	−10.0%
Free-cash-flow margin	1.4%	—	—	—	—	2.2%
Return on assets	—	19.5%	39.0%	−42.4%	−125.4%	−69.7%
Asset turnover	—	4.49	5.91	4.33	5.75	6.97
Current ratio	—	1.28	1.44	0.48	1.32	1.54
Debt to equity	—	731.2%	71.6%	—	27.9%	—
Interest cover (operating income ÷ interest)	n/m	85.6x	—	n/m	25.5x	n/m
Effective tax rate	—	0.0%	0.0%	—	—	—
Capital spending as % of revenue	0.0%	—	—	—	—	0.0%
Dividends ÷ net income	—	—	138.6%	—	—	—

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 · October 31, 2025

What it owns · $32m

Short-term assets $30mLonger-term assets $2m

What it owes, and who funded it · $28m

Short-term liabilities $20mLonger-term liabilities $0mShareholders' equity $8m

Short-term assets cover short-term liabilities $30m of assets due within a year against $20m of liabilities due within a year.
Short-term assets cover long-term liabilities $30m short-term assets against $26,533 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 −$20m against $45,935 of interest.

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