Skillful Craftsman Education Technology Limited (EDTK) Balance Sheet
EDTK balance sheet, FY2026
March 31, 2026 · U.S. dollars$8.5M assets = $1.8M liabilities + $6.8M equity
Both columns are drawn to the same scale: what EDTK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EDTK financial health
Descriptive bands, not a rating. Fiscal FY2026.
EDTK balance sheet trends, FY2018–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $30.1MFY2018 | $8.5MFY2026 | −14.5%/yr | |
| Total liabilities | $19.0MFY2018 | $1.8MFY2026 | −25.7%/yr | |
| Shareholders’ equity | $11.1MFY2018 | $6.8MFY2026 | −5.9%/yr | |
| Cash & short-term investments | $4.9MFY2018 | $243,204FY2026 | −31.3%/yr | |
| Total debt | $1.6MFY2018 | $1.0MFY2026 | −5.6%/yr | |
| Net cash (debt) | $3.3MFY2018 | −$756,796FY2026 | −$4.1M | |
| Working capital | −$13.9MFY2018 | −$1.4MFY2026 | +$12.5M | |
| Book value per share | $0.89FY2018 | $0.41FY2026 | −9.4%/yr | |
| Current ratio | 0.27FY2018 | 0.17FY2026 | −0.09 | |
| Debt / equity | 0.14FY2018 | 0.15FY2026 | 0.00 | |
| Shares outstanding | 12.4MFY2018 | 16.8MFY2026 | +3.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EDTK assets
EDTK liabilities and equity
EDTK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EDTK balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $243,204 | $1.2M | $17.8M | $21.0M | $23.8M | $17.5M | $11.9M | $10.4M | $4.9M |
| Cash & equivalents | $243,204 | $1.2M | $17.8M | $21.0M | $23.8M | $17.5M | $11.9M | $10.4M | $4.9M |
| Short-term investments | — | — | — | — | $0 | $5.6M | — | — | — |
| Receivables | $8,411 | $124,669 | $41,088 | $492,919 | $285,274 | $5.8M | $78,785 | $451,132 | $171,753 |
| Inventory | $0 | $0 | $0 | $1 | $0 | −$5.7M | $2.0M | $899,125 | $0 |
| Other current assets | $53,888 | $53,461 | $1.0M | $3.0M | $3.4M | $7.5M | $1,752 | $3,686 | $1,973 |
| Total current assets | $305,503 | $1.4M | $18.9M | $24.5M | $27.5M | $25.0M | $14.0M | $11.7M | $5.1M |
| Property, plant & equipment (net) | $17,552 | $135,736 | $54,430 | $254,110 | $10.7M | $13.7M | $12.3M | $14.0M | $1.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $8.9M | $24.5M | $20.4M | $19.3M | $17.8M | $23.9M |
| Long-term investments | $8.2M | $13.2M | $17.4M | $14.3M | $15.0M | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $566,853 | $0 | $0 | $0 | $28,406 | $97,035 | $0 | $0 |
| Total assets | $8.5M | $15.3M | $36.3M | $43.6M | $73.1M | $59.2M | $45.7M | $43.5M | $30.1M |
| Liabilities | |||||||||
| Accounts payable | — | — | −$39,464 | $21,894 | $77,266 | $113,707 | $249,086 | $10,025 | $6.0M |
| Short-term debt | $1.0M | $700,621 | $39,464 | $224,822 | $166,389 | $448,486 | $16.7M | $15.3M | $1.6M |
| Deferred revenue | — | — | $111,630 | $1.4M | $6.9M | $11.5M | $16.7M | $15.3M | $10.6M |
| Total current liabilities | $1.8M | $1.5M | $1.6M | $3.0M | $8.0M | $13.3M | $17.8M | $15.8M | $19.0M |
| Long-term debt | $0 | $0 | $13.3M | $13.7M | $14.8M | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $100,621 | $0 | $224,822 | $0 | — | — | — | — |
| Other long-term liabilities | $0 | $0 | $0 | $3,430 | $3,713 | $312,895 | $50,876 | $8.7M | $0 |
| Total liabilities | $1.8M | $1.5M | $14.8M | $16.7M | $22.8M | $13.6M | $17.8M | $24.5M | $19.0M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $3,240 | $3,186 | $3,090 | $2,980 | $2,980 | $2,400 | $1,800 | $1,800 | $1,800 |
| Retained earnings (deficit) | −$12.7M | −$4.2M | $3.4M | $8.1M | $29.0M | $30.4M | $27.7M | $16.9M | $8.3M |
| Accumulated other comprehensive income | $450,812 | $102,850 | −$949,584 | −$216,045 | $3.2M | $1.7M | −$660,698 | $451,511 | $1.2M |
| Total shareholders' equity | $6.8M | $13.7M | $21.5M | $27.0M | $50.3M | $45.6M | $27.9M | $19.0M | $11.1M |
| Key figures | |||||||||
| Total debt | $1.0M | $700,621 | $13.3M | $13.9M | $14.8M | $448,486 | $16.7M | $15.3M | $1.6M |
| Net cash (debt) | −$756,796 | $517,347 | $4.6M | $7.1M | $9.0M | $17.0M | −$4.8M | −$4.9M | $3.3M |
| Working capital | −$1.4M | −$115,688 | $17.3M | $21.5M | $19.5M | $11.7M | −$3.8M | −$4.1M | −$13.9M |
| Tangible book value | $6.8M | $13.7M | $21.5M | $18.1M | $25.8M | $25.1M | $8.6M | $1.2M | −$12.8M |
| Book value per share | $0.41 | $0.87 | $1.39 | $1.81 | $3.67 | $4.13 | $3.10 | $1.53 | $0.89 |
| Shares outstanding | 16.8M | 15.8M | 15.4M | 14.9M | 13.7M | 11.0M | 9.0M | 12.4M | 12.4M |
| Current ratio | 0.17 | 0.92 | 11.99 | 8.17 | 3.43 | 1.88 | 0.79 | 0.74 | 0.27 |
| Quick ratio | 0.14 | 0.89 | 11.36 | 7.15 | 3.01 | 1.74 | 0.68 | 0.68 | 0.27 |
| Debt / equity | 0.15 | 0.05 | 0.62 | 0.52 | 0.29 | 0.01 | 0.60 | 0.80 | 0.14 |
| Equity / assets | 79.5% | 90.1% | 59.2% | 61.8% | 68.8% | 77.0% | 61.0% | 43.7% | 36.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $243,204 | $243,204 | $567,533 | $567,533 | $1.2M | $1.2M | $17.5M | $17.5M | $17.8M | $745,572 | $19.7M | $19.7M |
| Cash & equivalents | $243,204 | $243,204 | $567,533 | $567,533 | $1.2M | $1.2M | $17.5M | $17.5M | $17.8M | $745,572 | $19.7M | $19.7M |
| Receivables | $8,411 | $0 | $47,717 | $0 | $124,669 | $0 | $48,305 | $14,285 | $41,088 | $7,343 | $199,139 | $165,818 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 |
| Other current assets | $53,888 | $62,299 | $67,128 | $114,845 | $53,461 | $178,130 | $202,472 | $236,492 | $1.0M | $18.1M | $2.0M | $2.1M |
| Total current assets | $305,503 | $305,503 | $682,378 | $682,378 | $1.4M | $1.4M | $17.7M | $17.7M | $18.9M | $18.9M | $21.9M | $21.9M |
| Property, plant & equipment (net) | $17,552 | $17,552 | $77,546 | $77,546 | $135,736 | $135,736 | $45,791 | $45,791 | $54,430 | $53,935 | $135,951 | $135,951 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.5M | $4.3M |
| Long-term investments | $0 | $8.2M | $0 | $14.2M | $0 | $13.2M | $0 | $16.9M | $0 | $1.8M | $0 | $14.6M |
| Other non-current assets | $8.2M | $0 | $14.2M | $0 | $13.7M | $566,853 | $16.9M | $0 | $17.4M | $15.6M | $10.5M | $0 |
| Total assets | $8.5M | $8.5M | $14.9M | $14.9M | $15.3M | $15.3M | $34.7M | $34.7M | $36.3M | $36.3M | $41.0M | $41.0M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | −$39,464 | $0 | $2,444 | $2,444 |
| Short-term debt | $1.0M | — | $1.1M | — | $700,621 | — | $140,073 | — | $39,464 | — | $108,996 | — |
| Deferred revenue | — | — | — | — | — | — | $12,039 | — | $111,630 | — | $551,040 | — |
| Total current liabilities | $1.8M | $1.8M | $2.1M | $2.1M | $1.5M | $1.5M | $2.1M | $2.1M | $1.6M | $1.6M | $2.3M | $2.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.4M | $0 | $13.3M | $0 | $13.1M |
| Lease obligations | — | $0 | — | $51,263 | — | $100,621 | — | — | — | $0 | — | $108,996 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $13.4M | $0 | $13.3M | $0 | $13.1M | $3,283 |
| Total liabilities | $1.8M | $1.8M | $2.1M | $2.1M | $1.5M | $1.5M | $15.5M | $15.5M | $14.8M | $14.8M | $15.4M | $15.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3,240 | — | $3,186 | — | $3,186 | — | $3,186 | — | $3,090 | — | $3,090 | — |
| Retained earnings (deficit) | −$12.7M | −$12.7M | −$5.2M | −$5.2M | −$4.2M | −$4.2M | $1.2M | $453,320 | $3.4M | $3.4M | $7.7M | $7.7M |
| Accumulated other comprehensive income | $450,812 | — | $206,533 | — | $102,850 | — | −$1.5M | — | −$949,584 | — | −$1.2M | — |
| Total shareholders' equity | $6.8M | $6.8M | $12.8M | $12.9M | $13.7M | $13.7M | $19.2M | $19.2M | $21.5M | $21.5M | $25.6M | $25.6M |
| Key figures | ||||||||||||
| Total debt | $1.0M | — | $1.1M | — | $700,621 | — | $13.6M | $13.4M | $13.3M | $13.3M | $13.2M | $13.1M |
| Net cash (debt) | −$756,796 | — | −$483,730 | — | $517,347 | — | $3.9M | $4.0M | $4.6M | −$12.5M | $6.5M | $6.6M |
| Working capital | −$1.4M | −$1.4M | −$1.4M | −$1.4M | −$115,688 | −$115,688 | $15.6M | $15.6M | $17.3M | $17.3M | $19.6M | $19.6M |
| Tangible book value | $6.8M | $6.8M | $12.8M | $12.9M | $13.7M | $13.7M | $19.2M | $19.2M | $21.5M | $21.5M | $17.2M | $21.3M |
| Book value per share | $0.42 | $0.42 | $0.81 | $0.81 | $0.86 | $0.86 | $1.21 | $1.20 | $1.39 | $1.39 | $1.66 | $1.66 |
| Shares outstanding | 16.2M | 16.2M | 15.9M | 15.9M | 15.9M | 15.9M | 15.8M | 15.9M | 15.4M | 15.4M | 15.4M | 15.4M |
| Current ratio | 0.17 | 0.17 | 0.33 | 0.33 | 0.92 | 0.92 | 8.50 | 8.50 | 11.99 | 11.99 | 9.44 | 9.44 |
| Quick ratio | 0.14 | 0.14 | 0.29 | 0.27 | 0.89 | 0.81 | 8.40 | 8.39 | 11.36 | 0.48 | 8.57 | 8.56 |
| Debt / equity | 0.15 | — | 0.08 | — | 0.05 | — | 0.71 | 0.70 | 0.62 | 0.62 | 0.52 | 0.51 |
| Equity / assets | 79.5% | 79.5% | 86.0% | 86.0% | 90.1% | 90.1% | 55.3% | 55.3% | 59.2% | 59.2% | 62.4% | 62.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 12, 2026); data from EODHD.
EDTK financial position
At the end of fiscal 2026 (March 31, 2026), Skillful Craftsman Education Technology had total assets of $8.5 million (down 44.0% from a year earlier), total liabilities of $1.8 million and shareholders' equity of $6.8 million. It held $0.2 million in cash and short-term investments against $1.0 million of debt, net debt of $0.8 million. Its current ratio was 0.17. In the latest quarter (ended June 30, 2026) total assets were $8.5 million and equity $6.8 million.
Related: EDTK income statement, EDTK cash flow statement, EDTK key metrics. See the EDTK stock overview for the latest quote and news.
EDTK balance sheet FAQ
What are Skillful Craftsman Education Technology's total assets?
Skillful Craftsman Education Technology reported total assets of $8.5 million at the end of fiscal 2026 (March 31, 2026), compared with $15.3 million a year earlier.
How much debt does Skillful Craftsman Education Technology have?
Skillful Craftsman Education Technology had $1.0 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.15.
How much cash does Skillful Craftsman Education Technology have?
Skillful Craftsman Education Technology held $0.2 million in cash and short-term investments at the end of fiscal 2026; with $1.0 million of debt that is net debt of $0.8 million.
What is Skillful Craftsman Education Technology's book value?
Skillful Craftsman Education Technology's shareholders' equity (book value) was $6.8 million at the end of fiscal 2026, or $0.41 per share.
What is Skillful Craftsman Education Technology's current ratio?
Skillful Craftsman Education Technology had current assets of $0.3 million and current liabilities of $1.8 million, a current ratio of 0.17 (current liabilities exceed current assets).