Forcendra Holding Ltd key statistics and ratios

In fiscal 2025, Forcendra Holding Ltd had an operating margin of -85.4%, debt equal to 0.0% of equity and a current ratio of 1.47. 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.

Forcendra Holding Ltd: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	20.9%	25.3%	20.5%	20.5%	23.7%
Operating margin	−0.6%	−18.2%	−80.3%	−83.7%	−85.4%
Net margin	−2.1%	39.0%	−82.5%	−88.4%	−114.5%
Free-cash-flow margin	−12.9%	—	−90.7%	−18.1%	−46.9%
Return on assets	—	46.4%	−74.6%	−84.5%	−104.3%
Asset turnover	—	1.19	0.90	0.96	0.91
Current ratio	—	1.37	1.76	0.84	1.47
Debt to equity	—	39.1%	5.0%	—	0.0%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m
Capital spending as % of revenue	0.4%	—	0.0%	0.1%	0.2%

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 · December 31, 2025

What it owns · $9m

Short-term assets $7mLonger-term assets $2m

What it owes, and who funded it · $9m

Short-term liabilities $5mLonger-term liabilities $0mShareholders' equity $4m

Short-term assets cover short-term liabilities $7m of assets due within a year against $5m of liabilities due within a year.
Short-term assets cover long-term liabilities $7m short-term assets against $155,567 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 −$6m against $163,014 of interest.

From Forcendra Holding 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: High.

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