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.
| Total Current Assets | 682.38K | 1.4M | 18.87M | 24.53M | 27.52M | 25.04M | 13.97M | 11.72M | 5.07M |
| Cash & Short-Term Investments | 567.53K | 1.22M | 17.83M | 21M | 23.83M | 17.45M | 11.93M | 10.36M | 4.9M |
| Cash Only | 567.53K | 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 | 47.72K | 124.67K | 41.09K | 492.92K | 285.27K | 5.8M | 78.78K | 451.13K | 171.75K |
| Days Sales Outstanding | 17.07 | 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 | 67.13K | 0 | 0 | 0 | 0 | 0 | 1.75K | 1.84K | 0 |
| Total Non-Current Assets | 14.27M | 13.86M | 17.45M | 19.11M | 45.57M | 34.17M | 31.72M | 31.82M | 24.98M |
| Property, Plant & Equipment | 77.55K | 135.74K | 54.43K | 254.11K | 10.7M | 13.73M | 12.32M | 14.02M | 1.06M |
| Fixed Asset Turnover | 17.85x | 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 | 61.68M | 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 | 14.95M | 15.26M | 36.32M | 43.64M | 73.09M | 59.21M | 45.69M | 43.54M | 30.05M |
| Asset Turnover | 0.06x | 0.06x | 0.06x | 0.26x | 0.32x | 0.49x | 0.63x | 0.57x | 0.50x |
| Asset Growth % | -147.12% | -57.99% | -16.77% | -40.29% | 23.46% | 29.58% | 4.94% | 44.86% | - |
| Total Current Liabilities | 2.1M | 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 | 1.05M | 600K | 0 | 0 | 0 | 0 | 0 | 0 | 1.59M |
| Deferred Revenue (Current) | 123.67K | 0 | 111.63K | 1.36M | 6.86M | 11.46M | 16.74M | 15.31M | 10.56M |
| Other Current Liabilities | 281.08K | 258.96K | 1.18M | 268.96K | 594.18K | 1.3M | 3.1K | 0 | 782.32K |
| Current Ratio | 0.33x | 0.92x | 11.99x | 8.17x | 3.43x | 1.88x | 0.79x | 0.74x | 0.27x |
| Quick Ratio | 0.33x | 0.92x | 11.99x | 8.17x | 3.43x | 1.88x | 0.68x | 0.74x | 0.27x |
| Cash Conversion Cycle | 17.07 | - | - | - | - | - | 53.98 | - | -463.66 |
| Total Non-Current Liabilities | -10K | 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 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.1M | 1.51M | 14.82M | 16.69M | 22.83M | 13.64M | 17.81M | 24.52M | 18.98M |
| Total Debt | 1.05M | 700.62K | 13.25M | 13.91M | 14.81M | 0 | 0 | 0 | 1.59M |
| Net Debt | 483.73K | -517.35K | -4.58M | -7.09M | -9.02M | -17.45M | -11.93M | -10.36M | -3.31M |
| Debt / Equity | 0.08x | 0.05x | 0.62x | 0.52x | 0.29x | - | - | - | 0.14x |
| Debt / EBITDA | -0.59x | - | - | - | 1.30x | - | - | - | 0.13x |
| Net Debt / EBITDA | -0.27x | - | - | - | -0.79x | -0.90x | -0.54x | -0.55x | -0.27x |
| Interest Coverage | -10.93x | -242.83x | -4.98x | -24.00x | -2.65x | - | - | - | - |
| Total Equity | 12.85M | 13.75M | 21.5M | 26.95M | 50.26M | 45.57M | 27.88M | 19.02M | 11.08M |
| Equity Growth % | -114.4% | -36.06% | -20.24% | -46.37% | 10.31% | 63.42% | 46.6% | 71.66% | - |
| Book Value per Share | 0.81 | 0.87 | 1.39 | 1.81 | 3.67 | 4.13 | 3.10 | 1.53 | 0.89 |
| Total Shareholders' Equity | 12.85M | 13.75M | 21.5M | 26.95M | 50.26M | 45.57M | 27.88M | 19.02M | 11.08M |
| Common Stock | 3.19K | 3.19K | 3.09K | 2.98K | 2.98K | 2.4K | 1.8K | 1.8K | 1.8K |
| Retained Earnings | -5.23M | -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 | 206.53K | 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 |
Imminent liquidity exhaustion
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.
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.
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.
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.
Quick answers to the most common questions about buying EDTK stock.
As of 2025, Skillful Craftsman Education Technology Limited (EDTK) had total assets of $15.3M including $1.4M in current assets.
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.
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.
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.