Luda Technology Group Ltd key statistics and ratios

In fiscal 2025, Luda Technology Group Ltd had return on equity of 3.2%, an operating margin of -3.2%, debt equal to 57.0% of equity and a current ratio of 1.63. 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.

Luda Technology Group Ltd: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	20.6%	21.2%	25.4%	17.7%
Operating margin	7.7%	7.5%	1.0%	−3.2%
Net margin	6.2%	5.9%	−0.8%	1.7%
Free-cash-flow margin	−2.9%	3.1%	9.8%	−6.5%
Return on equity	21.1%	19.4%	−2.5%	3.2%
Return on assets	—	6.5%	−0.8%	1.3%
Asset turnover	—	1.10	1.04	0.76
Current ratio	—	1.37	1.23	1.63
Debt to equity	0.0%	66.6%	97.0%	57.0%
Interest cover (operating income ÷ interest)	11.3x	9.5x	0.8x	n/m
Effective tax rate	14.1%	12.8%	—	43.8%
R&D as % of revenue	3.1%	2.7%	3.1%	4.3%
Capital spending as % of revenue	0.9%	3.4%	2.4%	1.4%
Free cash flow ÷ net income	−47.7%	51.9%	—	−389.2%
Dividends ÷ net income	—	20.8%	—	—
Dividends and buybacks ÷ free cash flow	—	40.1%	77.1%	—

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 6 checks passed · December 31, 2025

What it owns · $49m

Short-term assets $40mLonger-term assets $9m

What it owes, and who funded it · $49m

Short-term liabilities $25mLonger-term liabilities $2mShareholders' equity $22m

Short-term assets cover short-term liabilities $40m of assets due within a year against $25m of liabilities due within a year.
Short-term assets cover long-term liabilities $40m short-term assets against $2m of longer-dated liabilities.
More cash than debt $5m of cash against $13m of debt.
Debt below 40% of shareholders' equity Debt is 57% 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 $13m of debt.
Operating profit covers interest at least five times over Operating income of −$1m against $520,916 of interest.

From Luda Technology 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: Low.

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 Luda Technology 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 Luda Technology Group Ltd.