ZenaTech Inc. (ZENA) Key Metrics
ZENA key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Canadian dollarsZENA returns How much profit the business earns on the capital it uses.
ZENA financial health Debt, liquidity and how easily interest is covered.
ZENA efficiency & capital use Working capital cycle and where the cash goes.
ZENA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ZENA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ZENA cash returned to shareholders
ZENA key metrics in Canadian dollars
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Returns & profitability | ||||||
| Return on equity (ROE) | −100.7% | −30.8% | −3.2% | 0.3% | −6.2% | −6.3% |
| Return on invested capital (ROIC) | −39.0% | −10.9% | 1.4% | 2.8% | −0.8% | −2.9% |
| Return on assets (ROA) | −67.2% | −17.5% | −1.6% | 0.1% | −3.0% | −4.9% |
| Return on tangible assets | −64.0% | −17.9% | −3.1% | 0.3% | −4.7% | −15.0% |
| Free cash flow margin | −330.3% | −576.2% | −141.4% | −88.0% | 2.2% | −49.2% |
| Income quality (OCF / net income) | — | — | — | −130.34 | — | — |
| Financial health | ||||||
| Total debt | C$21.5M | C$10.1M | C$8.2M | C$5.0M | C$4.7M | C$679,804 |
| Cash & short-term investments | C$15.1M | C$3.8M | C$1,184 | C$200,792 | C$1.2M | C$94,485 |
| Net debt | C$6.4M | C$6.4M | C$8.2M | C$4.8M | C$3.5M | C$585,319 |
| Debt / equity | 0.32 | 0.46 | 1.13 | 0.66 | 1.29 | 0.20 |
| Debt / assets | 0.22 | 0.29 | 0.50 | 0.37 | 0.47 | 0.16 |
| Net debt / EBITDA | — | — | 16.89 | 10.27 | 32.82 | — |
| Current ratio | 2.22 | 2.17 | 2.39 | 2.56 | 2.28 | 3.00 |
| Quick ratio | 2.03 | 2.17 | 2.39 | 2.56 | 2.28 | 3.00 |
| Interest coverage | -1.3 | -2.1 | 0.5 | 1.5 | -0.3 | -5.0 |
| Working capital | C$18.3M | C$3.4M | C$1.5M | C$1.8M | C$2.1M | C$495,096 |
| Invested capital | C$74.4M | C$28.2M | C$15.6M | C$12.3M | C$7.2M | C$4.0M |
| Tangible asset value | C$38.9M | C$12.2M | −C$1.3M | −C$676,607 | −C$1.8M | C$469,513 |
| Net current asset value | C$1.4M | −C$6.5M | −C$6.6M | −C$3.1M | −C$2.6M | −C$200,407 |
| Capital allocation | ||||||
| Share buybacks (net) | — | — | C$0 | C$46,038 | — | — |
| Capex / revenue | 60.6% | 73.8% | 33.1% | 26.5% | 0.0% | 25.2% |
| Capex / operating cash flow | — | — | — | — | 0.0% | — |
| Capex / depreciation | 3.59 | 5.14 | 2.30 | 3.24 | 0.00 | 7.77 |
| Stock-based compensation / revenue | 22.4% | 26.6% | 0.0% | 8.8% | 0.0% | 18.4% |
| R&D / revenue | — | 11.1% | — | — | — | — |
| SG&A / revenue | 139.7% | 227.9% | 64.1% | 61.7% | 54.7% | 111.6% |
| Efficiency | ||||||
| Days sales outstanding | 72.2 | 23.5 | 16.7 | 22.0 | 53.9 | 158.6 |
| Days of inventory on hand | 29.3 | — | — | — | — | — |
| Days payables outstanding | 108.4 | 2,340.4 | — | 131.7 | 56.0 | — |
| Cash conversion cycle (days) | -6.8 | -2,316.9 | — | -109.7 | -2.2 | — |
| Receivables turnover | 5.06 | 15.53 | 21.82 | 16.61 | 6.78 | 2.30 |
| Payables turnover | 3.37 | 0.16 | — | 2.77 | 6.52 | 0.00 |
| Inventory turnover | 12.44 | — | — | — | — | — |
| Asset turnover | 0.19 | 0.08 | 0.12 | 0.26 | 0.32 | 0.23 |
| Average receivables | C$2.6M | C$126,441 | C$83,782 | C$182,098 | C$337,260 | C$431,439 |
| Average payables | C$5.3M | C$1.4M | — | C$204,578 | C$142,828 | C$33,811 |
| Average inventory | C$1.4M | C$0 | — | — | — | — |
| Intangibles / total assets | 29.2% | 27.7% | 52.4% | 60.9% | 53.8% | 67.4% |
Computed from ZENA's annual financial statements (latest annual report filed April 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
ZENA valuation and financial ratios
ZenaTech earned a return on equity of −100.7% and a return on invested capital of −39.0% in fiscal 2025. It ended the year with C$21.5 million of debt and C$15.1 million in cash and short-term investments, net debt of C$6.4 million.
See the ZENA income statement, the ZENA chart for price history, or the ZENA stock overview for the latest quote and news.
ZENA key metrics FAQ
What is ZenaTech's return on equity?
ZenaTech's return on equity (ROE) was −100.7% in fiscal 2025: net income of -C$45.2 million on average shareholders' equity of C$44.9 million.
What is ZenaTech's ROIC?
ZenaTech's return on invested capital was −39.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ZenaTech have?
ZenaTech had total debt of C$21.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.32.
What is ZenaTech's current ratio?
ZenaTech's current ratio was 2.22 at the end of fiscal 2025: current assets were 2.22 times current liabilities.