Mf International Ltd key statistics and ratios

In fiscal 2025, Mf International Ltd had return on equity of 3.9%, an operating margin of -143.7%, debt equal to 0.1% of equity and a current ratio of 164.32. 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.

Mf International Ltd: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	49.5%	52.7%	56.2%	47.2%	29.6%
Operating margin	32.7%	21.6%	20.9%	−74.3%	−143.7%
Net margin	32.1%	19.5%	20.7%	−77.5%	232.8%
Free-cash-flow margin	38.7%	38.5%	35.3%	−85.6%	−47.4%
Return on equity	138.8%	75.9%	59.6%	−84.6%	3.9%
Return on assets	—	19.7%	19.3%	−43.8%	3.8%
Asset turnover	—	1.01	0.93	0.56	0.02
Current ratio	—	1.30	0.83	2.00	164.32
Debt to equity	0.0%	166.1%	117.4%	28.0%	0.1%
Interest cover (operating income ÷ interest)	22.0x	17.0x	18.9x	—	—
Effective tax rate	4.0%	5.4%	2.2%	—	−4.0%
R&D as % of revenue	0.1%	0.2%	0.0%	0.7%	0.1%
Capital spending as % of revenue	0.8%	0.1%	0.2%	1.8%	0.4%
Free cash flow ÷ net income	120.5%	197.3%	170.1%	—	−20.3%
Dividends ÷ net income	—	—	80.4%	—	0.0%
Dividends and buybacks ÷ free cash flow	—	—	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

5 of 6 checks passed · December 31, 2025

What it owns · $519m

Short-term assets $518mLonger-term assets $1m

What it owes, and who funded it · $519m

Short-term liabilities $3mLonger-term liabilities $0mShareholders' equity $516m

Short-term assets cover short-term liabilities $518m of assets due within a year against $3m of liabilities due within a year.
Short-term assets cover long-term liabilities $518m short-term assets against $229,166 of longer-dated liabilities.
More cash than debt $29m of cash against $185,652 of debt.
Debt below 40% of shareholders' equity Debt is 0% 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 $185,652 of debt.
Operating profit covers interest at least five times over Operating income of −$6m against −$32,836 of interest.

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