Lianhe Sowell International Group Ltd key statistics and ratios

In fiscal 2026, Lianhe Sowell International Group Ltd had return on equity of -44.7%, an operating margin of -15.8%, debt equal to 46.0% of equity and a current ratio of 1.07. 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.

Lianhe Sowell International Group Ltd: financial ratios, annual
Fiscal year	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	25.7%	21.8%	26.2%	21.4%
Operating margin	14.0%	8.2%	8.4%	−15.8%
Net margin	12.3%	7.7%	8.6%	−13.2%
Free-cash-flow margin	−11.3%	−5.9%	−4.0%	−20.9%
Return on equity	49.6%	50.8%	32.1%	−44.7%
Return on assets	—	14.7%	12.5%	−15.9%
Asset turnover	—	1.91	1.47	1.21
Current ratio	—	1.42	1.24	1.07
Debt to equity	0.0%	21.2%	18.8%	46.0%
Interest cover (operating income ÷ interest)	30.4x	51.5x	30.3x	n/m
Effective tax rate	12.5%	3.7%	−0.8%	—
R&D as % of revenue	3.4%	6.2%	9.5%	18.1%
Capital spending as % of revenue	0.0%	0.2%	0.0%	0.2%
Free cash flow ÷ net income	−91.5%	−76.0%	−47.3%	—

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 · March 31, 2026

What it owns · $41m

Short-term assets $27mLonger-term assets $14m

What it owes, and who funded it · $41m

Short-term liabilities $26mLonger-term liabilities $1mShareholders' equity $14m

Short-term assets cover short-term liabilities $27m of assets due within a year against $26m of liabilities due within a year.
Short-term assets cover long-term liabilities $27m short-term assets against $1m 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 −$7m against $130,207 of interest.

From Lianhe Sowell International Group 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: High.

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