Asiastrategy key statistics and ratios

In fiscal 2025, Asiastrategy had return on equity of 106.1%, an operating margin of -14.3%, debt equal to 51.3% of equity and a current ratio of 6.51. 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.

Asiastrategy: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	8.9%	7.3%	8.0%	3.5%
Operating margin	1.4%	2.8%	1.3%	−14.3%
Net margin	0.5%	1.0%	−0.2%	111.9%
Free-cash-flow margin	—	—	—	−39.4%
Return on equity	—	—	−10.8%	106.1%
Return on assets	—	3.5%	−0.7%	53.0%
Asset turnover	—	3.38	2.89	0.47
Current ratio	—	1.67	2.87	6.51
Debt to equity	—	—	377.1%	51.3%
Interest cover (operating income ÷ interest)	1.1x	1.6x	0.8x	n/m
Effective tax rate	5.4%	7.6%	—	1.3%
Capital spending as % of revenue	—	—	—	0.0%
Free cash flow ÷ net income	—	—	—	−35.2%
Dividends ÷ net income	620.9%	—	—	—

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

3 of 6 checks passed · December 31, 2025

What it owns · $40m

Short-term assets $32mLonger-term assets $8m

What it owes, and who funded it · $40m

Short-term liabilities $5mLonger-term liabilities $13mShareholders' equity $22m

Short-term assets cover short-term liabilities $32m of assets due within a year against $5m of liabilities due within a year.
Short-term assets cover long-term liabilities $32m short-term assets against $13m of longer-dated liabilities.
More cash than debt $1m of cash against $4m of debt.
Debt below 40% of shareholders' equity Debt is 19% 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 −$4m of operating cash flow against $4m of debt.
Operating profit covers interest at least five times over Operating income of −$2m against $296,191 of interest.

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