Skillful Craftsman Education Technology Limited (EDTK) Balance Sheet

8Y historyFree accessUpdated daily

Financial stability is severely compromised, evidenced by a current ratio of 0.33 and a significant contraction in total assets from $73.1 million in 2022Q4 to $14.9 million in 2026Q2.

Annual statement

EDTK Balance Sheet

Skillful Craftsman Education Technology Limited (EDTK) balance sheet — 8-year assets, liabilities & shareholders' equity history

Annual Quarterly

Metric	TTM	Mar'25	Mar'24	Mar'23	Mar'22	Mar'21	Mar'20	Mar'19	Mar'18

Total Current Assets	305.5K	1.4M	18.87M	24.53M	27.52M	25.04M	13.97M	11.72M	5.07M
Cash & Short-Term Investments	243.2K	1.22M	17.83M	21M	23.83M	17.45M	11.93M	10.36M	4.9M
Cash Only	243.2K	1.22M	17.83M	21M	23.83M	17.45M	11.93M	10.36M	4.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.41K	124.67K	41.09K	492.92K	285.27K	5.8M	78.78K	451.13K	171.75K
Days Sales Outstanding	23.03	50.92	7.5	15.89	4.52	72.54	1.01	6.67	4.2
Inventory	0	0	0	0	0	0	1.96M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	60.68	-	0
Other Current Assets	0	0	0	0	0	0	1.75K	1.84K	0
Total Non-Current Assets	8.24M	13.86M	17.45M	19.11M	45.57M	34.17M	31.72M	31.82M	24.98M
Property, Plant & Equipment	17.55K	135.74K	54.43K	254.11K	10.7M	13.73M	12.32M	14.02M	1.06M
Fixed Asset Turnover	13.13x	6.58x	36.73x	44.56x	2.15x	2.13x	2.32x	1.76x	14.03x
Goodwill	0	0	0	4.31M	4.58M	0	0	0	0
Intangible Assets	0	0	0	4.56M	19.91M	20.42M	19.29M	17.8M	23.92M
Long-Term Investments	52.51M	13.16M	17.39M	14.3M	14.96M	0	0	0	0
Other Non-Current Assets	0	566.85K	15.55M	-19.11M	-45.57M	28.41K	97.03K	-31.82M	-24.98M
Total Assets	8.55M	15.26M	36.32M	43.64M	73.09M	59.21M	45.69M	43.54M	30.05M
Asset Turnover	0.05x	0.06x	0.06x	0.26x	0.32x	0.49x	0.63x	0.57x	0.50x
Asset Growth %	-174.32%	-57.99%	-16.77%	-40.29%	23.46%	29.58%	4.94%	44.86%	-
Total Current Liabilities	1.75M	1.51M	1.57M	3M	8.02M	13.33M	17.76M	15.85M	18.98M
Accounts Payable	0	0	0	21.89K	77.27K	113.71K	249.09K	10.03K	6.04M
Days Payables Outstanding	-	-	-	0.29	1.59	2.82	7.71	0.39	467.86
Short-Term Debt	1M	600K	0	0	0	0	0	0	1.59M
Deferred Revenue (Current)	12.04K	0	111.63K	1.36M	6.86M	11.46M	16.74M	15.31M	10.56M
Other Current Liabilities	418.3K	258.96K	1.18M	268.96K	594.18K	1.3M	3.1K	0	782.32K
Current Ratio	0.17x	0.92x	11.99x	8.17x	3.43x	1.88x	0.79x	0.74x	0.27x
Quick Ratio	0.17x	0.92x	11.99x	8.17x	3.43x	1.88x	0.68x	0.74x	0.27x
Cash Conversion Cycle	23.03	-	-	-	-	-	53.98	-	-463.66
Total Non-Current Liabilities	0	0	13.25M	13.68M	14.81M	312.89K	50.88K	8.67M	0
Long-Term Debt	0	0	13.25M	13.68M	14.81M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	-1	0	0	0
Total Liabilities	1.75M	1.51M	14.82M	16.69M	22.83M	13.64M	17.81M	24.52M	18.98M
Total Debt	1M	700.62K	13.25M	13.91M	14.81M	0	0	0	1.59M
Net Debt	756.8K	-517.35K	-4.58M	-7.09M	-9.02M	-17.45M	-11.93M	-10.36M	-3.31M
Debt / Equity	0.15x	0.05x	0.62x	0.52x	0.29x	-	-	-	0.14x
Debt / EBITDA	-0.28x	-	-	-	1.30x	-	-	-	0.13x
Net Debt / EBITDA	-0.21x	-	-	-	-0.79x	-0.90x	-0.54x	-0.55x	-0.27x
Interest Coverage	-71.93x	-242.83x	-4.98x	-24.00x	-2.65x	-	-	-	-
Total Equity	6.8M	13.75M	21.5M	26.95M	50.26M	45.57M	27.88M	19.02M	11.08M
Equity Growth %	-144.73%	-36.06%	-20.24%	-46.37%	10.31%	63.42%	46.6%	71.66%	-
Book Value per Share	0.42	0.87	1.39	1.81	3.67	4.13	3.10	1.53	0.89
Total Shareholders' Equity	6.8M	13.75M	21.5M	26.95M	50.26M	45.57M	27.88M	19.02M	11.08M
Common Stock	3.24K	3.19K	3.09K	2.98K	2.98K	2.4K	1.8K	1.8K	1.8K
Retained Earnings	-12.73M	-4.23M	3.39M	8.11M	29.02M	30.42M	26.92M	16.95M	8.27M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	450.81K	102.85K	-949.58K	-216.04K	3.19M	1.73M	-660.7K	451.51K	1.19M
Minority Interest	0	0	0	0	0	0	0	0	0

Key Metrics

Growth RegimeContracting

ProfitabilityNegative

Balance SheetVulnerable

Cash FlowBurning

Top Statement Risk

Imminent liquidity exhaustion

Rapid Erosion of Financial Foundation

As evidenced by recent quarterly filings, EDTK's total assets have plummeted from $73.1 million in 2022Q4 to a mere $14.9 million in 2026Q2, signaling a severe and persistent contraction that reflects the company's inability to maintain its operational scale or preserve its underlying asset base.

The consistent decline in total assets suggests that the company is liquidating or losing value across its core business segments at an alarming rate. This downward trajectory indicates that the firm's current business model is failing to generate the necessary reinvestment to sustain its historical size.

Critical Depletion of Cash Reserves

Based on the most recent financial statements, the company's cash position has dwindled to $567.5K, while the current ratio has deteriorated to 0.33, indicating that the firm lacks the necessary liquidity to cover its short-term obligations and faces a significant risk of near-term insolvency.

A current ratio of 0.33 is deeply concerning, as it implies that current liabilities far exceed the company's ability to pay them with liquid assets. Investors should monitor this closely, as the lack of a cash buffer leaves the firm with virtually no margin for operational error.

Shareholder Value Under Severe Pressure

According to reported figures, equity has contracted significantly from $50.3 million in 2022Q4 to $12.8 million in 2026Q2, driven primarily by the accumulation of retained losses that have eroded the company's book value and diminished the capital base available to support future operations.

The rapid decline in equity highlights the impact of sustained net losses on the company's balance sheet. This trend suggests that the firm is consuming its own capital to fund operations, which may necessitate dilutive financing if the company intends to continue as a going concern.

Hidden Risks in Asset Composition

As reported in financial disclosures, the complete disappearance of goodwill from $4.6 million in 2022Q4 to zero in 2026Q2 suggests that previous acquisitions have been fully impaired, which may indicate that the company's past growth strategy failed to deliver the expected long-term economic benefits to shareholders.

The total write-down of goodwill is a stark indicator of past strategic missteps and the loss of intangible value. This development warrants further investigation into whether the remaining assets on the balance sheet are truly representative of their fair market value or if further impairments are likely.

EDTK — Frequently Asked Questions

Quick answers to the most common questions about buying EDTK stock.

What are the total assets of Skillful Craftsman Education Technology Limited (EDTK)?

As of 2025, Skillful Craftsman Education Technology Limited (EDTK) had total assets of $15.3M including $1.4M in current assets.

How much debt does Skillful Craftsman Education Technology Limited (EDTK) have?

Skillful Craftsman Education Technology Limited (EDTK) carries total debt of $0.7M, offset by $1.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Skillful Craftsman Education Technology Limited?

Skillful Craftsman Education Technology Limited (EDTK) has total shareholders' equity (book value) of $13.7M ($0.87 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Skillful Craftsman Education Technology Limited's current ratio and liquidity?

Skillful Craftsman Education Technology Limited (EDTK) reported a current ratio of 0.92x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.