Iothree Ltd key statistics and ratios

In fiscal 2026, Iothree Ltd had return on equity of -37.4%, an operating margin of -7.7%, debt equal to 8.4% of equity and a current ratio of 1.80. 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.

Iothree Ltd: financial ratios, annual
Fiscal year	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	30.1%	21.5%	17.8%	21.4%
Operating margin	14.0%	−0.4%	−1.9%	−7.7%
Net margin	12.3%	−0.1%	−2.2%	−7.9%
Free-cash-flow margin	9.6%	13.6%	−0.6%	−19.1%
Return on equity	40.7%	−0.2%	−12.4%	−37.4%
Return on assets	—	−0.1%	−4.0%	−16.4%
Asset turnover	—	1.46	1.82	2.08
Current ratio	—	1.26	1.13	1.80
Debt to equity	0.0%	10.5%	6.9%	8.4%
Effective tax rate	11.1%	—	—	—
Capital spending as % of revenue	0.1%	5.5%	5.2%	3.9%
Free cash flow ÷ net income	77.8%	—	—	—
Dividends ÷ net income	8.5%	—	—	—
Dividends and buybacks ÷ free cash flow	10.9%	23.9%	—	—

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

5 of 6 checks passed · March 31, 2026

What it owns · $8m

Short-term assets $6mLonger-term assets $3m

What it owes, and who funded it · $8m

Short-term liabilities $3mLonger-term liabilities $1mShareholders' equity $4m

Short-term assets cover short-term liabilities $6m of assets due within a year against $3m of liabilities due within a year.
Short-term assets cover long-term liabilities $6m short-term assets against $903,209 of longer-dated liabilities.
More cash than debt $2m of cash against $376,704 of debt.
Debt below 40% of shareholders' equity Debt is 8% 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 $376,704 of debt.
Operating profit covers interest at least five times over No material interest expense reported.

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