Akanda Corp. (AKAN) Balance Sheet
AKAN balance sheet, 2025
December 31, 2025 · U.S. dollars$6.2M assets = $18.2M liabilities + −$12.0M equity
Liabilities exceed assets: shareholders’ equity is negative (−$12.0M).
Both columns are drawn to the same scale: what AKAN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AKAN financial health
Descriptive bands, not a rating. Fiscal 2025.
AKAN balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.3M2020 | $6.2M2025 | +7.7%/yr | |
| Total liabilities | $9.3M2020 | $18.2M2025 | +14.3%/yr | |
| Shareholders’ equity | −$5.0M2020 | −$10.8M2025 | — | |
| Cash & short-term investments | $13,5042020 | $503,5622025 | +106.2%/yr | |
| Total debt | $9.1M2020 | $14.2M2025 | +9.3%/yr | |
| Net cash (debt) | −$9.1M2020 | −$13.7M2025 | −$4.6M | |
| Working capital | −$2.6M2020 | −$2.6M2025 | +$6,646 | |
| Current ratio | 0.052020 | 0.582025 | +0.53 | |
| Debt / equity | 0.142022 | 0.082024 | −0.06 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AKAN assets
AKAN liabilities and equity
AKAN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AKAN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $503,562 | $3.8M | $82,816 | $492,485 | $3.5M | $13,504 |
| Cash & equivalents | $503,562 | $3.8M | $82,816 | $228,794 | $3.5M | $13,504 |
| Short-term investments | — | — | $0 | $263,691 | $0 | — |
| Receivables | $1.4M | $822,066 | $284,513 | $1.2M | $242,357 | $0 |
| Inventory | $0 | $0 | $1.3M | $1.9M | −$484.89B | $611 |
| Other current assets | $1.7M | $394,865 | $151,642 | $226,497 | $484.89B | $113,485 |
| Total current assets | $3.6M | $5.1M | $1.8M | $3.8M | $4.0M | $127,600 |
| Property, plant & equipment (net) | $2.6M | $2.3M | $2.6M | $12.5M | $3.8M | $3.8M |
| Goodwill & intangible assets | $0 | $15,827 | $3.8M | $22.2M | $259,102 | $321,406 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $503,493 | $593,232 | $483,588 | $0 | $0 |
| Total assets | $6.2M | $7.9M | $8.8M | $39.0M | $8.0M | $4.3M |
| Liabilities | ||||||
| Accounts payable | $3.3M | $2.7M | $6.0M | $7.1M | $680,328 | $183,895 |
| Short-term debt | $2.2M | $352,814 | $1.5M | $1.2M | $7.6M | $2.5M |
| Deferred revenue | — | — | −$1.2M | — | −$8.27T | −$2.5M |
| Total current liabilities | $6.2M | $3.6M | $10.2M | $9.3M | $8.3M | $2.7M |
| Long-term debt | $11.8M | $0 | $2.5M | $2.6M | $0 | $4.0M |
| Lease obligations | $396,121 | $0 | $135,337 | $330,821 | $2.4M | $2.9M |
| Other long-term liabilities | $208,679 | $0 | $0 | $116,763 | $2.0M | $2.6M |
| Total liabilities | $18.2M | $3.6M | $12.7M | $12.1M | $10.2M | $9.3M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $94.6M | $63.3M | $51.0M | $49.4M | $7.3M | $1,636 |
| Retained earnings (deficit) | −$103.1M | −$57.5M | −$53.4M | −$21.1M | −$13.3M | −$5.2M |
| Accumulated other comprehensive income | −$2.3M | −$1.6M | −$1.5M | −$1.4M | $3.8M | $129,113 |
| Minority interest | −$1.2M | $0 | — | — | — | — |
| Total shareholders' equity | −$10.8M | $4.3M | −$3.8M | $26.9M | −$2.2M | −$5.0M |
| Key figures | ||||||
| Total debt | $14.2M | $352,814 | $4.0M | $3.9M | $9.6M | $9.1M |
| Net cash (debt) | −$13.7M | $3.5M | −$3.9M | −$3.4M | −$6.1M | −$9.1M |
| Working capital | −$2.6M | $1.4M | −$8.4M | −$5.5M | −$4.3M | −$2.6M |
| Tangible book value | −$10.8M | $4.3M | −$7.6M | $4.7M | −$2.5M | −$5.4M |
| Current ratio | 0.58 | 1.39 | 0.18 | 0.41 | 0.48 | 0.05 |
| Quick ratio | 0.31 | 1.28 | 0.04 | 0.18 | 0.45 | 0.00 |
| Debt / equity | — | 0.08 | — | 0.14 | — | — |
| Equity / assets | −174.1% | 54.0% | −43.3% | 69.0% | −27.4% | −117.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $755,238 | $503,562 | $503,562 | $2.5M | $3.8M | $3.8M | $6.0M | $6.0M | $93,875 | $82,816 | $82,816 |
| Cash & equivalents | $755,238 | $503,562 | $503,562 | $2.5M | $3.8M | $3.8M | $6.0M | $6.0M | $93,875 | $82,816 | $82,816 |
| Short-term investments | — | — | — | — | — | — | −$18,720 | — | — | $0 | — |
| Receivables | $1.7M | $1.4M | $97,627 | $994,785 | $822,066 | $356,105 | $311,721 | $289,446 | $284,513 | $155,785 | $155,785 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.3M | $1.3M | $1.3M |
| Other current assets | $388,311 | $1.7M | $3.0M | $48,731 | $394,865 | $860,826 | $1.3M | $1.3M | $140,583 | $280,370 | $280,370 |
| Total current assets | $2.8M | $3.6M | $3.6M | $3.6M | $5.1M | $5.1M | $7.6M | $7.6M | $1.8M | $1.8M | $1.8M |
| Property, plant & equipment (net) | $3.6M | $2.6M | $2.6M | $2.6M | $2.3M | $2.3M | $1.7M | $1.7M | $2.6M | $2.6M | $2.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $15,827 | $15,827 | $15,965 | $15,965 | $3.8M | $3.8M | $3.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $503,493 | $503,493 | $589,866 | $589,866 | $593,232 | $593,232 | $593,232 |
| Total assets | $6.4M | $6.2M | $6.2M | $6.2M | $7.9M | $7.9M | $10.0M | $10.0M | $8.8M | $8.8M | $8.8M |
| Liabilities | |||||||||||
| Accounts payable | $3.6M | $3.3M | $3.3M | $2.2M | $2.7M | $3.0M | $3.8M | $3.8M | $6.0M | $6.0M | $6.0M |
| Short-term debt | $8.1M | $2.2M | — | $320,372 | $352,814 | — | $374,417 | — | $1.5M | — | $1.5M |
| Total current liabilities | $12.5M | $6.2M | $6.2M | $2.8M | $3.6M | $3.6M | $5.4M | $5.4M | $10.2M | $10.2M | $10.2M |
| Long-term debt | $0 | $0 | $11.8M | $0 | $0 | $0 | $0 | $0 | $0 | $2.5M | $0 |
| Lease obligations | — | — | $396,121 | — | — | $0 | — | $19,831 | — | $135,337 | — |
| Other long-term liabilities | $10.4M | $12.0M | $208,679 | $70,869 | $0 | $0 | $0 | $0 | $2.5M | $0 | $2.5M |
| Total liabilities | $22.9M | $18.2M | $18.2M | $2.9M | $3.6M | $3.6M | $5.4M | $5.4M | $12.7M | $12.7M | $12.7M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $95.9M | $94.6M | — | $63.6M | $63.3M | — | $62.0M | — | $51.0M | — | $51.0M |
| Retained earnings (deficit) | −$109.3M | −$103.1M | −$103.1M | −$58.3M | −$57.5M | −$57.5M | −$56.0M | −$56.0M | −$53.4M | −$53.4M | −$53.4M |
| Accumulated other comprehensive income | −$1.9M | −$2.3M | — | −$2.1M | −$1.6M | — | −$1.3M | — | −$1.5M | — | −$1.5M |
| Minority interest | — | — | −$1.2M | — | — | $0 | — | — | — | — | — |
| Total shareholders' equity | −$15.2M | −$10.8M | −$10.8M | $3.3M | $4.3M | $4.3M | $4.6M | $4.6M | −$3.8M | −$3.8M | −$3.8M |
| Key figures | |||||||||||
| Total debt | $18.6M | $14.2M | $11.8M | $391,241 | $352,814 | — | $374,417 | — | $4.0M | $2.5M | $3.9M |
| Net cash (debt) | −$17.8M | −$13.7M | −$11.3M | $2.1M | $3.5M | — | $5.6M | — | −$3.9M | −$2.4M | −$3.8M |
| Working capital | −$9.7M | −$2.6M | −$2.6M | $724,276 | $1.4M | $1.4M | $2.2M | $2.2M | −$8.4M | −$8.4M | −$8.4M |
| Tangible book value | −$15.2M | −$10.8M | −$10.8M | $3.3M | $4.3M | $4.3M | $4.6M | $4.6M | −$7.6M | −$7.6M | −$7.6M |
| Book value per share | −$28.98 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 525K | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.22 | 0.58 | 0.58 | 1.25 | 1.39 | 1.39 | 1.41 | 1.41 | 0.18 | 0.18 | 0.18 |
| Quick ratio | 0.19 | 0.31 | 0.10 | 1.24 | 1.28 | 1.15 | 1.17 | 1.17 | 0.04 | 0.02 | 0.02 |
| Debt / equity | — | — | — | 0.12 | 0.08 | — | 0.08 | — | — | — | — |
| Equity / assets | −236.5% | −174.1% | −174.1% | 53.1% | 54.0% | 54.0% | 45.9% | 45.9% | −43.3% | −43.3% | −43.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 9, 2026); data from EODHD.
AKAN financial position
At the end of fiscal 2025 (December 31, 2025), Akanda had total assets of $6.2 million (down 21.7% from a year earlier), total liabilities of $18.2 million and shareholders' equity of -$10.8 million. It held $0.5 million in cash and short-term investments against $14.2 million of debt, net debt of $13.7 million. Its current ratio was 0.58. In the latest quarter (ended June 30, 2026) total assets were $6.4 million and equity -$15.2 million.
Related: AKAN income statement, AKAN cash flow statement, AKAN key metrics. See the AKAN stock overview for the latest quote and news.
AKAN balance sheet FAQ
What are Akanda's total assets?
Akanda reported total assets of $6.2 million at the end of fiscal 2025 (December 31, 2025), compared with $7.9 million a year earlier.
How much debt does Akanda have?
Akanda had $14.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Akanda have?
Akanda held $0.5 million in cash and short-term investments at the end of fiscal 2025; with $14.2 million of debt that is net debt of $13.7 million.
What is Akanda's book value?
Akanda's shareholders' equity (book value) was -$10.8 million at the end of fiscal 2025.
What is Akanda's current ratio?
Akanda had current assets of $3.6 million and current liabilities of $6.2 million, a current ratio of 0.58 (current liabilities exceed current assets).