AXIL Brands, Inc. (AXIL) Balance Sheet
AXIL balance sheet, FY2025
November 30, 2025 · U.S. dollars$12.9M assets = $3.2M liabilities + $9.7M equity
Both columns are drawn to the same scale: what AXIL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AXIL financial health
Descriptive bands, not a rating. Fiscal FY2025.
AXIL balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $635,698FY2016 | $12.9MFY2025 | +39.7%/yr | |
| Total liabilities | $83,214FY2016 | $3.2MFY2025 | +50.1%/yr | |
| Shareholders’ equity | $552,484FY2016 | $9.7MFY2025 | +37.4%/yr | |
| Cash & short-term investments | $416,873FY2016 | $4.8MFY2025 | +31.1%/yr | |
| Total debt | $15,210FY2018 | $757,441FY2025 | +74.8%/yr | |
| Net cash (debt) | $330,969FY2018 | $4.0MFY2025 | +$3.7M | |
| Working capital | $530,380FY2016 | $6.8MFY2025 | +$6.3M | |
| Book value per share | $0.27FY2016 | $1.18FY2025 | +17.6%/yr | |
| Current ratio | 7.37FY2016 | 3.76FY2025 | −3.62 | |
| Debt / equity | 0.02FY2018 | 0.08FY2025 | +0.06 | |
| Shares outstanding | 2.0MFY2016 | 8.2MFY2025 | +16.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AXIL assets
AXIL liabilities and equity
AXIL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AXIL balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.8M | $3.3M | $3.3M | $4.8M | $373,731 | $496,937 | $409,031 | $346,179 | $227,870 | $416,873 |
| Cash & equivalents | $4.8M | $3.3M | $3.3M | $4.8M | $373,731 | $496,937 | $409,031 | $346,179 | $227,870 | $416,873 |
| Receivables | $1.0M | $509,835 | $509,835 | $417,016 | $105,921 | $90,877 | $182,201 | $79,588 | $29,991 | $32,703 |
| Inventory | $2.5M | $3.4M | $3.4M | $1.3M | $323,388 | $450,978 | $288,124 | $264,578 | $324,950 | $145,929 |
| Other current assets | $947,969 | $809,126 | $809,126 | $801,360 | $0 | $2,430 | $13,708 | $2,993 | $3,505 | $18,089 |
| Total current assets | $9.3M | $8.0M | $8.0M | $7.4M | $803,040 | $1.0M | $893,064 | $693,338 | $586,316 | $613,594 |
| Property, plant & equipment (net) | $991,382 | $297,700 | $297,700 | $259,307 | $74,598 | $165,391 | $233,561 | $32,803 | $8,349 | $7,255 |
| Goodwill & intangible assets | $2.6M | $2.5M | $2.5M | $2.5M | $0 | $0 | $0 | $474 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $66,959 | $248,482 | $248,482 | $12,196 | $16,277 | $56,151 | $16,277 | $14,849 | $14,849 | $14,849 |
| Total assets | $12.9M | $11.0M | $11.0M | $10.2M | $893,915 | $1.3M | $1.1M | $741,464 | $609,514 | $635,698 |
| Liabilities | ||||||||||
| Accounts payable | $866,573 | $967,596 | $967,596 | $908,606 | $458,263 | $436,138 | $98,608 | $14,610 | $41,320 | $62,968 |
| Short-term debt | $216,117 | $183,346 | — | $238,412 | $203,466 | $88,896 | $76,898 | $3,300 | — | — |
| Deferred revenue | $824,767 | $1.1M | — | $1.0M | $16,522 | $106,949 | $128,354 | $16,203 | $16,200 | $20,246 |
| Total current liabilities | $2.5M | $2.8M | $2.8M | $2.9M | $707,003 | $712,411 | $339,799 | $52,184 | $96,169 | $83,214 |
| Long-term debt | $0 | $136,655 | $0 | $0 | $2,200 | $157,539 | $166,698 | $11,910 | $0 | $0 |
| Lease obligations | $404,668 | $617,212 | $36,752 | $102,576 | $47,166 | $131,801 | $203,698 | — | — | — |
| Other long-term liabilities | $747,263 | $343,875 | $480,530 | $642,694 | $0 | $47,166 | $131,802 | $0 | $0 | $0 |
| Total liabilities | $3.2M | $3.3M | $3.3M | $3.5M | $709,203 | $917,116 | $638,299 | $64,094 | $96,169 | $83,214 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $666 | $591 | — | $11,708 | $4,195 | $4,195 | $4,129 | $4,129 | $4,051 | $3,968 |
| Retained earnings (deficit) | $720,718 | −$134,270 | −$134,270 | −$3.5M | −$5.3M | −$5.1M | −$4.8M | −$4.6M | −$4.5M | −$4.1M |
| Accumulated other comprehensive income | — | — | — | −$11,708 | — | $0 | $0 | — | — | — |
| Total shareholders' equity | $9.7M | $7.7M | $7.7M | $6.7M | $184,712 | $345,648 | $504,603 | $677,370 | $513,345 | $552,484 |
| Key figures | ||||||||||
| Total debt | $757,441 | $183,346 | — | $275,164 | $205,666 | $293,601 | $375,398 | $15,210 | — | — |
| Net cash (debt) | $4.0M | $3.1M | — | $4.6M | $168,065 | $203,336 | $33,633 | $330,969 | — | — |
| Working capital | $6.8M | $5.2M | $5.2M | $4.5M | $96,037 | $328,811 | $553,265 | $641,154 | $490,147 | $530,380 |
| Tangible book value | $7.1M | $5.2M | $5.2M | $4.1M | $184,712 | $345,648 | $504,603 | $676,896 | $513,345 | $552,484 |
| Book value per share | $1.18 | $0.48 | $1.30 | $0.37 | $0.09 | $0.17 | $0.24 | $0.33 | $0.25 | $0.27 |
| Shares outstanding | 8.2M | 16.2M | 5.9M | 17.9M | 2.1M | 2.1M | 2.1M | 2.0M | 2.0M | 2.0M |
| Current ratio | 3.76 | 2.85 | 2.85 | 2.58 | 1.14 | 1.46 | 2.63 | 13.29 | 6.10 | 7.37 |
| Quick ratio | 2.34 | 1.35 | 1.35 | 1.84 | 0.68 | 0.83 | 1.74 | 8.16 | 2.68 | 5.40 |
| Debt / equity | 0.08 | 0.02 | — | 0.04 | 1.11 | 0.85 | 0.74 | 0.02 | — | — |
| Equity / assets | 75.1% | 70.1% | 70.1% | 65.6% | 20.7% | 27.4% | 44.2% | 91.4% | 84.2% | 86.9% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.9M | $4.5M | $5.5M | $5.0M | $4.1M | $4.8M | $4.7M | $5.2M | $4.1M | $3.3M | $4.9M | $6.0M |
| Cash & equivalents | $7.9M | $4.5M | $5.5M | $5.0M | $4.1M | $4.8M | $4.7M | $5.2M | $4.1M | $3.3M | $4.9M | $6.0M |
| Receivables | $1.4M | $4.7M | $1.3M | $2.4M | $2.8M | $1.0M | $801,390 | $1.4M | $599,150 | $509,835 | $738,040 | $953,315 |
| Inventory | $4.4M | $4.4M | $3.9M | $4.7M | $3.9M | $2.5M | $2.7M | $2.7M | $3.3M | $3.4M | $3.4M | $2.4M |
| Other current assets | $956,930 | $712,214 | $958,502 | $471,003 | $935,679 | $947,969 | $961,876 | $724,778 | $322,168 | $809,126 | $890,489 | $1.1M |
| Total current assets | $14.7M | $14.3M | $11.8M | $12.6M | $11.7M | $9.3M | $9.3M | $10.0M | $8.3M | $8.0M | $10.0M | $10.3M |
| Property, plant & equipment (net) | $729,512 | $750,245 | $825,094 | $865,402 | $917,850 | $991,382 | $1.0M | $1.0M | $269,339 | $297,700 | $265,370 | $280,947 |
| Goodwill & intangible assets | $2.6M | $2.5M | $2.6M | $2.6M | $2.6M | $2.6M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $511,839 | $322,180 | $20,720 | $193,054 | $142,902 | $66,959 | $142,511 | $142,511 | $243,782 | $248,482 | $12,195 | $12,195 |
| Total assets | $18.6M | $18.0M | $15.2M | $16.2M | $15.4M | $12.9M | $13.0M | $13.7M | $11.4M | $11.0M | $12.7M | $13.1M |
| Liabilities | ||||||||||||
| Accounts payable | $2.4M | $2.0M | $1.2M | $1.8M | $2.4M | $866,573 | $896,365 | $1.6M | $1.4M | $967,596 | $1.9M | $1.9M |
| Short-term debt | $191,297 | $347,740 | $213,078 | $206,855 | $211,388 | $216,117 | $368,376 | $350,419 | $162,907 | $183,346 | $57,632 | $74,644 |
| Deferred revenue | — | — | $527,458 | $1.3M | $965,678 | $824,767 | $825,420 | $1.5M | $1.0M | $1.1M | $917,590 | $1.2M |
| Total current liabilities | $4.5M | $4.5M | $3.2M | $4.6M | $4.5M | $2.5M | $2.4M | $4.0M | $3.1M | $2.8M | $3.2M | $4.5M |
| Long-term debt | $0 | $0 | $134,054 | $134,817 | $135,740 | $136,655 | $0 | $0 | $0 | $0 | $143,840 | $144,661 |
| Lease obligations | — | $404,668 | $458,570 | $504,379 | $560,404 | $617,212 | $710,260 | $738,158 | $18,650 | $36,752 | $54,322 | $71,374 |
| Other long-term liabilities | $242,256 | $310,485 | $376,730 | $446,246 | $511,083 | $610,608 | $844,330 | $888,286 | $398,681 | $480,530 | $541,108 | $557,763 |
| Total liabilities | $4.7M | $4.8M | $3.7M | $5.2M | $5.2M | $3.2M | $3.3M | $4.9M | $3.5M | $3.3M | $3.9M | $5.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $682 | $682 | $682 | $681 | $666 | $666 | $666 | $647 | $647 | $591 | $588 | $11,708 |
| Retained earnings (deficit) | $3.8M | $3.4M | $2.0M | $1.8M | $1.1M | $720,718 | $966,293 | $389,631 | −$244,075 | −$134,270 | −$1.5M | −$2.3M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | −$588 | −$11,708 |
| Total shareholders' equity | $13.7M | $13.1M | $11.5M | $11.1M | $10.2M | $9.7M | $9.7M | $8.8M | $7.9M | $7.7M | $8.8M | $7.9M |
| Key figures | ||||||||||||
| Total debt | $352,476 | $556,845 | $597,029 | $642,684 | $699,603 | $757,441 | $851,218 | $881,500 | $162,907 | $183,346 | $201,472 | $219,305 |
| Net cash (debt) | $7.6M | $3.9M | $4.9M | $4.3M | $3.4M | $4.0M | $3.9M | $4.3M | $4.0M | $3.1M | $4.7M | $5.7M |
| Working capital | $10.3M | $9.8M | $8.5M | $8.0M | $7.2M | $6.8M | $6.8M | $6.0M | $5.3M | $5.2M | $6.7M | $5.9M |
| Tangible book value | $11.1M | $10.6M | $8.9M | $8.5M | $7.6M | $7.1M | $7.1M | $6.3M | $5.4M | $5.2M | $6.3M | $5.5M |
| Book value per share | $1.66 | $1.59 | $1.39 | $1.35 | $1.24 | $1.45 | $1.18 | $1.08 | $1.28 | $0.56 | $0.47 | $0.43 |
| Shares outstanding | 8.3M | 8.3M | 8.3M | 8.2M | 8.2M | 6.7M | 8.2M | 8.2M | 6.2M | 13.7M | 18.6M | 18.6M |
| Current ratio | 3.31 | 3.19 | 3.66 | 2.75 | 2.59 | 3.76 | 3.78 | 2.51 | 2.71 | 2.85 | 3.07 | 2.31 |
| Quick ratio | 2.10 | 2.05 | 2.14 | 1.62 | 1.52 | 2.34 | 2.26 | 1.66 | 1.54 | 1.35 | 1.74 | 1.54 |
| Debt / equity | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.10 | 0.02 | 0.02 | 0.02 | 0.03 |
| Equity / assets | 73.9% | 73.2% | 75.5% | 68.2% | 66.4% | 75.1% | 74.6% | 64.3% | 69.4% | 70.1% | 69.1% | 60.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 21, 2025); data from EODHD.
AXIL financial position
At the end of fiscal 2025 (November 30, 2025), AXIL Brands had total assets of $12.9 million (up 17.3% from a year earlier), total liabilities of $3.2 million and shareholders' equity of $9.7 million. It held $4.8 million in cash and short-term investments against $0.8 million of debt, a net cash position of $4.0 million. Its current ratio was 3.76. In the latest quarter (ended August 31, 2026) total assets were $18.6 million and equity $13.7 million.
Related: AXIL income statement, AXIL cash flow statement, AXIL key metrics. See the AXIL stock overview for the latest quote and news.
AXIL balance sheet FAQ
What are AXIL Brands's total assets?
AXIL Brands reported total assets of $12.9 million at the end of fiscal 2025 (November 30, 2025), compared with $11.0 million a year earlier.
How much debt does AXIL Brands have?
AXIL Brands had $0.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.08.
How much cash does AXIL Brands have?
AXIL Brands held $4.8 million in cash and short-term investments at the end of fiscal 2025; with $0.8 million of debt that is net cash of $4.0 million.
What is AXIL Brands's book value?
AXIL Brands's shareholders' equity (book value) was $9.7 million at the end of fiscal 2025, or $1.18 per share.
What is AXIL Brands's current ratio?
AXIL Brands had current assets of $9.3 million and current liabilities of $2.5 million, a current ratio of 3.76 (it can cover its short-term obligations).
How much goodwill does AXIL Brands have?
AXIL Brands carried $2.6 million of goodwill and intangible assets, 19.9% of total assets, at the end of fiscal 2025.