Netclass Technology Inc key statistics and ratios

In fiscal 2025, Netclass Technology Inc had an operating margin of -111.5%, debt equal to 27.5% of equity and a current ratio of 1.29. 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.

Netclass Technology Inc: financial ratios, annual
Fiscal year	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Gross margin	32.8%	21.3%	22.9%	22.8%
Operating margin	0.5%	3.5%	−12.8%	−111.5%
Net margin	1.4%	1.5%	−14.6%	−110.4%
Free-cash-flow margin	—	—	—	−58.4%
Return on equity	5.5%	4.7%	−39.9%	—
Return on assets	—	2.5%	−21.5%	−102.9%
Asset turnover	—	1.70	1.47	0.93
Current ratio	—	3.03	1.70	1.29
Debt to equity	0.0%	0.0%	0.0%	27.5%
Interest cover (operating income ÷ interest)	—	—	—	n/m
Effective tax rate	—	61.3%	—	—
R&D as % of revenue	8.9%	5.1%	24.9%	17.1%
Capital spending as % of revenue	—	—	—	0.1%

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 · $14m

Short-term assets $9mLonger-term assets $5m

What it owes, and who funded it · $14m

Short-term liabilities $7mLonger-term liabilities $1mShareholders' equity $6m

Short-term assets cover short-term liabilities $9m of assets due within a year against $7m of liabilities due within a year.
Short-term assets cover long-term liabilities $9m short-term assets against $977,992 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 $149,179 of interest.

From Netclass Technology Inc'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.

Compare with peers

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Figures from Netclass Technology Inc's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Netclass Technology Inc.