Suncar Technology Group Inc. key statistics and ratios

In fiscal 2025, Suncar Technology Group Inc. had return on equity of -17.7%, an operating margin of 0.8%, debt equal to 251.4% of equity and a current ratio of 1.24. 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.

Suncar Technology Group Inc.: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	4.2%	−4.5%	−4.3%	−13.2%	0.8%
Net margin	−9.5%	−2.4%	−7.4%	−15.5%	−0.8%
Free-cash-flow margin	−10.8%	−7.3%	−9.0%	2.5%	1.1%
Return on equity	−89.6%	−63.0%	—	—	−17.7%
Return on assets	—	−3.5%	−13.0%	−29.2%	−1.6%
Asset turnover	—	1.47	1.75	1.88	1.96
Current ratio	—	0.94	1.41	1.25	1.24
Debt to equity	0.0%	—	701.1%	703.0%	251.4%
Interest cover (operating income ÷ interest)	3.0x	n/m	n/m	n/m	1.1x
Effective tax rate	8.9%	—	—	—	—
R&D as % of revenue	1.5%	3.0%	3.9%	9.1%	1.8%
Capital spending as % of revenue	0.5%	1.5%	1.4%	0.1%	0.1%
Dividends and buybacks ÷ free cash flow	—	—	—	36.7%	—

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 · $253m

Short-term assets $183mLonger-term assets $70m

What it owes, and who funded it · $195m

Short-term liabilities $147mLonger-term liabilities $15mShareholders' equity $33m

Short-term assets cover short-term liabilities $183m of assets due within a year against $147m of liabilities due within a year.
Short-term assets cover long-term liabilities $183m short-term assets against $15m of longer-dated liabilities.
More cash than debt $25m of cash against $1m of debt.
Debt below 40% of shareholders' equity Debt is 4% 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 $6m of operating cash flow against $1m of debt.
Operating profit covers interest at least five times over Operating income of $4m against $4m of interest.

From Suncar Technology Group 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: 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 Suncar Technology Group Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Suncar Technology Group Inc.