Alpha Technology Group Limited (ATGL) Balance Sheet

NASDAQ: ATGLAssets, liabilities, debt and equity over 4 years.

ATGL balance sheet, FY2025

September 30, 2025 · Hong Kong dollars

HK$34.9M assets = HK$10.3M liabilities + HK$24.5M equity

Both columns are drawn to the same scale: what ATGL owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ATGL financial health

Current ratio3.25

Comfortable · current assets cover current liabilities 3.25×

Debt / equity0.22

Low leverage · HK$0.22 of debt for each $1 of equity

Equity / assets70.4%

Equity-funded · of assets funded by shareholders

Cash / debt566.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

ATGL balance sheet trends, FY2021–FY2025

Alpha Technology Group Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	HK$4.7MFY2021	HK$34.9MFY2025	+94.4%/yr
Total liabilities	HK$6.3MFY2021	HK$10.3MFY2025	+17.9%/yr
Shareholders’ equity	−HK$1.6MFY2021	HK$24.5MFY2025	—
Cash & short-term investments	HK$1.4MFY2021	HK$30.9MFY2025	+178.1%/yr
Total debt	HK$3.2MFY2021	HK$5.5MFY2025	+18.8%/yr
Net cash (debt)	−HK$1.8MFY2021	HK$25.5MFY2025	+HK$27.3M
Working capital	HK$250,555FY2021	HK$22.3MFY2025	+HK$22.0M
Current ratio	1.07FY2021	3.25FY2025	+2.19
Debt / equity	0.07FY2024	0.22FY2025	+0.16
Shares outstanding	15.0MFY2021	16.5MFY2025	+3.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ATGL assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ATGL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ATGL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ATGL balance sheet in Hong Kong dollars

Alpha Technology Group Limited annual balance sheet
	FY2025	FY2024	FY2022	FY2021
Assets
Cash & short-term investments	HK$30.9M	HK$41.8M	HK$2.8M	HK$1.4M
Cash & equivalents	HK$30.9M	HK$41.8M	HK$2.8M	HK$1.4M
Receivables	HK$1.1M	HK$1.3M	HK$1.3M	HK$2.1M
Inventory	HK$0	HK$0	HK$0	HK$0
Other current assets	HK$107,504	HK$575,122	HK$2.0M	HK$461,000
Total current assets	HK$32.1M	HK$43.7M	HK$6.1M	HK$4.0M
Property, plant & equipment (net)	HK$1.8M	HK$1.7M	HK$448,847	HK$711,620
Goodwill & intangible assets	HK$0	HK$14.3M	HK$0	HK$0
Long-term investments	HK$0	HK$0	HK$0	HK$0
Other non-current assets	HK$931,660	HK$179,276	HK$0	HK$0
Total assets	HK$34.9M	HK$59.8M	HK$6.6M	HK$4.7M
Liabilities
Accounts payable	HK$363,753	HK$0	—	HK$1.4M
Short-term debt	HK$5.1M	HK$2.1M	HK$792,784	HK$727,282
Deferred revenue	HK$2.1M	HK$1.7M	HK$6.5M	HK$1.7M
Total current liabilities	HK$9.9M	HK$6.9M	HK$9.1M	HK$3.8M
Long-term debt	HK$0	HK$305,485	HK$1.5M	HK$2.2M
Lease obligations	HK$1.0M	HK$1.7M	HK$371,635	HK$667,171
Other long-term liabilities	HK$450,148	HK$1.0M	HK$259,897	HK$371,635
Total liabilities	HK$10.3M	HK$8.2M	HK$10.8M	HK$6.3M
Shareholders' equity
Common stock & paid-in capital	HK$12,810	HK$54.1M	HK$20,000	HK$20,000
Retained earnings (deficit)	−HK$82.9M	−HK$12.5M	−HK$4.2M	−HK$1.6M
Accumulated other comprehensive income	HK$10.0M	HK$10.0M	HK$0	—
Total shareholders' equity	HK$24.5M	HK$51.6M	−HK$4.2M	−HK$1.6M
Key figures
Total debt	HK$5.5M	HK$3.4M	HK$2.5M	HK$3.2M
Net cash (debt)	HK$25.5M	HK$38.4M	HK$279,600	−HK$1.8M
Working capital	HK$22.3M	HK$36.8M	−HK$2.9M	HK$250,555
Tangible book value	HK$24.5M	HK$37.4M	−HK$4.2M	−HK$1.6M
Shares outstanding	16.5M	15.3M	15.0M	15.0M
Current ratio	3.25	6.37	0.67	1.07
Quick ratio	3.24	6.29	0.46	0.94
Debt / equity	0.22	0.07	—	—
Equity / assets	70.4%	86.3%	−64.4%	−32.9%

Alpha Technology Group Limited quarterly balance sheet
	Jun '26	Dec '25	Sep '25	Mar '25	Dec '24	Sep '24	Mar '24	Dec '23	Sep '23	Mar '23	Sep '22	Sep '21
Assets
Cash & short-term investments	HK$19.0M	HK$30.9M	HK$30.9M	HK$38.6M	HK$41.8M	HK$41.8M	HK$43.7M	HK$3.6M	HK$3.6M	HK$11.4M	HK$2.8M	HK$1.4M
Cash & equivalents	HK$19.0M	HK$30.9M	HK$30.9M	HK$38.5M	HK$41.8M	HK$41.8M	HK$43.7M	HK$3.6M	HK$3.6M	HK$11.4M	HK$2.8M	HK$1.4M
Short-term investments	—	—	—	HK$107,500	—	—	—	—	—	—	—	—
Receivables	HK$1.7M	HK$1.1M	HK$1.1M	HK$1.6M	HK$1.3M	HK$1.3M	HK$690,639	HK$931,193	HK$931,193	HK$179,993	HK$1.3M	HK$2.1M
Inventory	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$119,548	HK$0	HK$0	HK$0	HK$0
Other current assets	HK$116,657	HK$107,504	HK$902,667	HK$689,192	HK$575,122	HK$617,922	HK$1.3M	HK$20.8M	HK$21.0M	HK$1.5M	HK$2.0M	HK$461,000
Total current assets	HK$20.7M	HK$32.1M	HK$32.9M	HK$40.9M	HK$43.7M	HK$43.7M	HK$45.7M	HK$25.5M	HK$25.5M	HK$13.1M	HK$6.1M	HK$4.0M
Property, plant & equipment (net)	HK$4.7M	HK$1.8M	HK$1.8M	HK$1.4M	HK$1.7M	HK$1.7M	HK$126,964	HK$221,833	HK$221,833	HK$379,241	HK$448,847	HK$711,620
Goodwill & intangible assets	HK$0	HK$0	HK$0	HK$14.0M	HK$14.3M	HK$14.3M	HK$14.5M	HK$14.8M	HK$14.8M	HK$15.3M	HK$0	HK$0
Long-term investments	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Other non-current assets	HK$1.5M	HK$931,660	HK$179,276	HK$185,114	HK$179,276	HK$179,276	HK$0	HK$0	HK$0	HK$15.4M	HK$0	HK$0
Total assets	HK$26.9M	HK$34.9M	HK$34.9M	HK$56.5M	HK$59.8M	HK$59.8M	HK$60.3M	HK$40.5M	HK$40.5M	HK$44.1M	HK$6.6M	HK$4.7M
Liabilities
Accounts payable	—	HK$363,753	HK$363,750	—	—	HK$0	—	—	—	—	—	—
Short-term debt	HK$4.2M	HK$5.1M	—	HK$3.8M	HK$2.1M	—	HK$666,623	HK$679,165	HK$679,165	HK$722,738	HK$792,784	HK$727,282
Deferred revenue	HK$2.6M	HK$2.1M	—	HK$307,052	HK$1.7M	—	HK$4.2M	HK$6.0M	HK$6.0M	HK$4.4M	HK$6.5M	HK$1.7M
Total current liabilities	HK$11.2M	HK$9.9M	HK$9.9M	HK$9.8M	HK$6.9M	HK$6.9M	HK$7.5M	HK$20.1M	HK$20.1M	HK$18.8M	HK$9.1M	HK$3.8M
Long-term debt	HK$0	HK$0	HK$0	HK$0	HK$0	HK$305,485	HK$605,491	HK$0	HK$911,272	HK$1.2M	HK$1.5M	HK$0
Lease obligations	—	—	HK$1.0M	—	—	HK$1.7M	HK$202,125	—	HK$259,891	HK$316,325	HK$371,635	—
Other long-term liabilities	HK$1.3M	HK$450,148	HK$450,145	HK$726,874	HK$1.3M	HK$1.0M	HK$119,465	HK$1.1M	HK$143,057	HK$202,064	HK$259,897	HK$2.5M
Total liabilities	HK$12.5M	HK$10.3M	HK$10.3M	HK$10.5M	HK$8.2M	HK$8.2M	HK$8.2M	HK$21.2M	HK$21.2M	HK$20.1M	HK$10.8M	HK$6.3M
Shareholders' equity
Common stock & paid-in capital	HK$12,805	HK$12,810	—	HK$54.1M	HK$54.1M	—	HK$54.1M	HK$10.0M	HK$10.0M	HK$10.0M	HK$20,000	HK$20,000
Retained earnings (deficit)	−HK$92.9M	−HK$82.9M	−HK$82.9M	−HK$18.1M	−HK$12.5M	−HK$12.5M	−HK$12.0M	−HK$7.0M	−HK$7.0M	−HK$2.4M	−HK$4.2M	−HK$1.6M
Accumulated other comprehensive income	HK$10.0M	HK$10.0M	—	HK$10.0M	HK$10.0M	—	HK$10.0M	HK$16.4M	HK$16.4M	HK$16.4M	HK$0	—
Total shareholders' equity	HK$14.5M	HK$24.5M	HK$24.5M	HK$46.0M	HK$51.6M	HK$51.6M	HK$52.1M	HK$19.4M	HK$19.4M	HK$24.0M	−HK$4.2M	−HK$1.6M
Key figures
Total debt	HK$5.5M	HK$5.5M	—	HK$4.5M	HK$3.4M	HK$305,485	HK$1.4M	HK$1.7M	HK$1.7M	HK$2.1M	HK$2.5M	HK$3.2M
Net cash (debt)	HK$13.5M	HK$25.5M	—	HK$34.1M	HK$38.4M	HK$41.5M	HK$42.4M	HK$1.9M	HK$1.9M	HK$9.3M	HK$279,600	−HK$1.8M
Working capital	HK$9.5M	HK$22.3M	HK$23.0M	HK$31.1M	HK$36.8M	HK$36.8M	HK$38.2M	HK$5.4M	HK$5.4M	−HK$5.7M	−HK$2.9M	HK$250,555
Tangible book value	HK$14.5M	HK$24.5M	HK$24.5M	HK$32.0M	HK$37.4M	HK$37.4M	HK$37.6M	HK$4.6M	HK$4.6M	HK$8.7M	−HK$4.2M	−HK$1.6M
Shares outstanding	16.5M	16.5M	16.5M	15.9M	15.3M	15.3M	15.3M	13.2M	13.2M	13.2M	15.0M	—
Current ratio	1.85	3.25	3.33	4.19	6.37	6.37	6.09	1.27	1.27	0.70	0.67	1.07
Quick ratio	1.84	3.24	3.24	4.11	6.29	6.28	5.92	0.23	0.23	0.62	0.46	0.94
Debt / equity	0.38	0.22	—	0.10	0.07	0.01	0.03	0.09	0.09	0.09	—	—
Equity / assets	53.7%	70.4%	70.4%	81.4%	86.3%	86.3%	86.4%	47.8%	47.8%	54.3%	−64.4%	−32.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported (latest annual report filed January 30, 2026); data from EODHD.

ATGL financial position

At the end of fiscal 2025 (September 30, 2025), Alpha Technology had total assets of HK$34.9 million (down 41.7% from a year earlier), total liabilities of HK$10.3 million and shareholders' equity of HK$24.5 million. It held HK$30.9 million in cash and short-term investments against HK$5.5 million of debt, a net cash position of HK$25.5 million. Its current ratio was 3.25. In the latest quarter (ended June 30, 2026) total assets were HK$26.9 million and equity HK$14.5 million.

Related: ATGL income statement, ATGL cash flow statement, ATGL key metrics. See the ATGL stock overview for the latest quote and news.

ATGL balance sheet FAQ

What are Alpha Technology's total assets?

Alpha Technology reported total assets of HK$34.9 million at the end of fiscal 2025 (September 30, 2025), compared with HK$59.8 million a year earlier.

How much debt does Alpha Technology have?

Alpha Technology had HK$5.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.

How much cash does Alpha Technology have?

Alpha Technology held HK$30.9 million in cash and short-term investments at the end of fiscal 2025; with HK$5.5 million of debt that is net cash of HK$25.5 million.

What is Alpha Technology's book value?

Alpha Technology's shareholders' equity (book value) was HK$24.5 million at the end of fiscal 2025.

What is Alpha Technology's current ratio?

Alpha Technology had current assets of HK$32.1 million and current liabilities of HK$9.9 million, a current ratio of 3.25 (it can cover its short-term obligations).