New Century Logistics (bvi) Ltd key statistics and ratios

In fiscal 2025, New Century Logistics (bvi) Ltd had return on equity of -185.6%, an operating margin of -24.6%, debt equal to 36.4% of equity and a current ratio of 1.47. 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.

New Century Logistics (bvi) Ltd: financial ratios, annual
Fiscal year	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Gross margin	15.4%	9.7%	8.1%	0.4%
Operating margin	11.0%	1.4%	0.9%	−24.6%
Net margin	9.3%	1.3%	0.4%	−24.2%
Free-cash-flow margin	8.4%	—	—	−7.9%
Return on equity	60.6%	5.2%	3.6%	−185.6%
Return on assets	—	2.9%	1.3%	−64.7%
Asset turnover	—	2.28	3.05	2.67
Current ratio	—	1.48	1.46	1.47
Debt to equity	—	0.0%	14.5%	36.4%
Interest cover (operating income ÷ interest)	100.7x	44.4x	18.6x	n/m
Effective tax rate	16.2%	9.2%	44.1%	—
Capital spending as % of revenue	0.6%	—	—	0.1%
Free cash flow ÷ net income	90.8%	—	—	—
Dividends ÷ net income	20.9%	232.8%	—	—
Dividends and buybacks ÷ free cash flow	23.1%	—	—	—

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 3 checks passed · September 30, 2025

What it owns · $15m

Short-term assets $13mLonger-term assets $1m

What it owes, and who funded it · $15m

Short-term liabilities $9mLonger-term liabilities $0mShareholders' equity $5m

Short-term assets cover short-term liabilities $13m of assets due within a year against $9m of liabilities due within a year.
Short-term assets cover long-term liabilities $13m short-term assets against $316,246 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 −$11m against $20,460 of interest.

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