Silvercorp Metals Inc key statistics and ratios

In fiscal 2026, Silvercorp Metals Inc had return on equity of -1.2%, an operating margin of 18.7%, debt equal to 0.0% of equity and a current ratio of 3.58. 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.

Silvercorp Metals Inc: financial ratios, annual
Fiscal year	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	53.9%	51.7%	41.6%	37.4%	43.8%	38.7%	34.0%	37.5%	41.3%	57.9%
Operating margin	44.8%	44.4%	41.1%	32.8%	37.3%	28.7%	16.2%	29.7%	34.5%	18.7%
Net margin	26.7%	27.6%	23.3%	21.6%	24.1%	14.1%	9.9%	16.9%	19.5%	−2.3%
Free-cash-flow margin	42.5%	36.3%	37.6%	44.0%	40.1%	44.4%	34.8%	37.2%	39.7%	67.9%
Return on equity	16.6%	15.9%	11.7%	9.6%	11.1%	6.3%	4.1%	7.3%	9.6%	−1.2%
Return on assets	11.0%	10.7%	8.1%	6.8%	8.0%	4.5%	2.9%	5.3%	6.3%	−0.8%
Asset turnover	0.41	0.39	0.35	0.31	0.33	0.32	0.30	0.31	0.32	0.34
Current ratio	2.76	3.80	3.56	5.68	5.95	5.05	5.31	4.28	5.05	3.58
Debt to equity	0.0%	0.0%	1.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	—	—	—	—	—	—	—	—	21.3x	6.7x
Effective tax rate	25.7%	24.3%	28.6%	16.5%	17.7%	24.2%	40.0%	29.0%	25.0%	59.1%
Capital spending as % of revenue	4.9%	3.6%	3.7%	4.7%	4.7%	4.9%	6.4%	5.4%	6.7%	2.9%
Free cash flow ÷ net income	159.1%	131.4%	161.3%	203.8%	165.9%	315.5%	351.1%	220.5%	203.9%	—
Dividends ÷ net income	3.6%	7.2%	10.6%	12.5%	9.4%	14.4%	21.5%	12.2%	8.5%	—
Dividends and buybacks ÷ free cash flow	2.3%	5.4%	6.6%	6.1%	5.7%	4.6%	6.1%	5.5%	5.0%	1.8%

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 3 checks passed · March 31, 2026

What it owns · $1.5bn

Short-term assets $443mLonger-term assets $1.0bn

What it owes, and who funded it · $1.3bn

Short-term liabilities $124mLonger-term liabilities $235mShareholders' equity $941m

Short-term assets cover short-term liabilities $443m of assets due within a year against $124m of liabilities due within a year.
Short-term assets cover long-term liabilities $443m short-term assets against $235m 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 $82m against $12m of interest.

From Silvercorp Metals 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 Silvercorp Metals 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 Silvercorp Metals Inc.