Paranovus Entertainment Technology Ltd. key statistics and ratios

In fiscal 2026, Paranovus Entertainment Technology Ltd. had return on equity of -45.9%, an operating margin of -100.4%, debt equal to 0.0% of equity and a current ratio of 8.18. 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.

Paranovus Entertainment Technology Ltd.: financial ratios, annual
Fiscal year	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	47.7%	50.4%	46.8%	25.4%	1.2%	—	—	12.6%	16.5%
Operating margin	32.9%	34.2%	23.7%	2.1%	−53.8%	—	—	<−999%	−100.4%
Net margin	28.4%	29.3%	19.5%	1.1%	−235.1%	—	—	<−999%	−87.2%
Free-cash-flow margin	20.8%	9.8%	14.8%	0.2%	−51.9%	—	—	<−999%	−9.6%
Return on equity	39.3%	35.5%	18.1%	0.9%	−56.5%	−154.5%	−99.6%	−52.9%	−45.9%
Return on assets	32.8%	31.4%	16.8%	0.8%	−46.4%	−107.3%	−46.0%	−36.5%	−35.2%
Asset turnover	1.15	1.07	0.86	0.72	0.20	—	—	0.00	0.40
Current ratio	—	—	—	6.29	3.15	0.47	1.11	1.12	8.18
Debt to equity	3.4%	1.7%	2.6%	2.4%	2.9%	15.2%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	151.9x	—	157.0x	13.6x	—	—	n/m	n/m	n/m
Effective tax rate	14.1%	14.5%	18.3%	58.1%	—	—	—	—	—
R&D as % of revenue	3.0%	3.4%	3.6%	2.3%	8.1%	—	—	—	—
Capital spending as % of revenue	0.3%	0.4%	1.8%	3.9%	1.3%	—	—	0.0%	0.0%
Free cash flow ÷ net income	73.0%	33.4%	75.8%	15.4%	—	—	—	—	—
Dividends ÷ net income	47.6%	—	—	47.7%	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	65.2%	—	—	309.9%	—	—	—	—	—

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 · $37m

Short-term assets $20mLonger-term assets $17m

What it owes, and who funded it · $35m

Short-term liabilities $2mLonger-term liabilities $1mShareholders' equity $31m

Short-term assets cover short-term liabilities $20m of assets due within a year against $2m of liabilities due within a year.
Short-term assets cover long-term liabilities $20m 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 −$15m against $262,514 of interest.

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