Change Agents Corporation (CHGA) Balance Sheet
CHGA balance sheet, 2025
December 31, 2025 · U.S. dollars$23.4M assets = $14.2M liabilities + $9.2M equity
Both columns are drawn to the same scale: what CHGA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CHGA financial health
Descriptive bands, not a rating. Fiscal 2025.
CHGA balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $19.8M2022 | $23.4M2025 | +5.8%/yr | |
| Total liabilities | $8.6M2022 | $14.2M2025 | +18.1%/yr | |
| Shareholders’ equity | $11.2M2022 | $9.2M2025 | −6.1%/yr | |
| Cash & short-term investments | $2.0M2022 | $109,0912025 | −62.0%/yr | |
| Total debt | $4.6M2022 | $940,3592025 | −40.9%/yr | |
| Net cash (debt) | −$2.6M2022 | −$831,2682025 | +$1.7M | |
| Working capital | −$1.2M2022 | −$12.7M2025 | −$11.4M | |
| Current ratio | 0.662022 | 0.112025 | −0.56 | |
| Debt / equity | 0.412022 | 0.102025 | −0.31 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CHGA assets
CHGA liabilities and equity
CHGA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CHGA balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $109,091 | $2.7M | $285,400 | $2.0M |
| Cash & equivalents | $109,091 | $2.7M | $285,400 | $2.0M |
| Receivables | $758,944 | $0 | $197,473 | $134,626 |
| Inventory | $74,841 | $92,230 | $0 | $0 |
| Other current assets | $553,001 | $486,086 | $367,994 | $247,990 |
| Total current assets | $1.5M | $3.2M | $850,867 | $2.4M |
| Property, plant & equipment (net) | $727 | $6,007 | $166,333 | $149,179 |
| Goodwill & intangible assets | $15.0M | $0 | $0 | $0 |
| Long-term investments | $0 | $10.6M | $12.1M | $485,008 |
| Other non-current assets | $6.9M | $7.1M | $7.5M | $16.7M |
| Total assets | $23.4M | $21.0M | $20.6M | $19.8M |
| Liabilities | ||||
| Short-term debt | $940,359 | — | — | — |
| Total current liabilities | $14.1M | $13.9M | $6.8M | $3.6M |
| Long-term debt | $0 | $0 | $6.4M | $4.6M |
| Lease obligations | $6,000 | $10,709 | $134,251 | $11,437 |
| Other long-term liabilities | $23,515 | $0 | $4,855 | $450,000 |
| Total liabilities | $14.2M | $13.9M | $13.2M | $8.6M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $486 | — | — | — |
| Retained earnings (deficit) | −$105.9M | −$87.7M | −$79.8M | −$63.1M |
| Accumulated other comprehensive income | −$234,824 | — | — | — |
| Minority interest | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $9.2M | $7.1M | $7.4M | $11.2M |
| Key figures | ||||
| Total debt | $940,359 | — | $6.4M | $4.6M |
| Net cash (debt) | −$831,268 | — | −$6.2M | −$2.6M |
| Working capital | −$12.7M | −$10.6M | −$5.9M | −$1.2M |
| Tangible book value | −$5.7M | $7.1M | $7.4M | $11.2M |
| Current ratio | 0.11 | 0.23 | 0.13 | 0.66 |
| Quick ratio | 0.06 | 0.19 | 0.07 | 0.59 |
| Debt / equity | 0.10 | — | 0.87 | 0.41 |
| Equity / assets | 39.4% | 33.8% | 35.8% | 56.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $39,221 | $775,995 | $109,091 | $333,931 | $201,532 | $1.4M |
| Cash & equivalents | $39,221 | $775,995 | $109,091 | $333,931 | $201,532 | $1.4M |
| Receivables | $198,187 | $478,523 | $758,944 | $1.1M | $84,893 | $81,854 |
| Inventory | $71,190 | $71,862 | $74,841 | $80,029 | $86,466 | $90,116 |
| Other current assets | $191,116 | $343,762 | $553,001 | $548,500 | $560,197 | $1.3M |
| Total current assets | $499,714 | $1.7M | $1.5M | $2.1M | $933,088 | $2.8M |
| Property, plant & equipment (net) | $147,054 | $153,924 | $727 | $89,845 | $107,107 | $123,913 |
| Goodwill & intangible assets | $14.1M | $14.4M | $15.0M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $6.9M | $6.9M | $6.9M | $7.7M |
| Total assets | $14.7M | $16.2M | $23.4M | $9.1M | $8.0M | $10.6M |
| Liabilities | ||||||
| Short-term debt | $1.3M | $1.3M | $940,359 | $7.2M | — | — |
| Total current liabilities | $4.6M | $4.4M | $14.1M | $13.6M | $15.1M | $14.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $146,055 | $160,345 | $6,000 | $89,490 | $104,595 | $119,253 |
| Other long-term liabilities | $56,224 | $76,837 | $23,515 | $17,799 | $35,022 | $51,706 |
| Total liabilities | $4.6M | $4.5M | $14.2M | $13.6M | $15.1M | $14.5M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $1,368 | $832 | $486 | $410 | — | — |
| Retained earnings (deficit) | −$112.6M | −$110.4M | −$105.9M | −$103.9M | −$103.6M | −$90.2M |
| Accumulated other comprehensive income | −$242,029 | −$235,135 | −$234,824 | −$224,768 | — | — |
| Minority interest | $0 | $0 | $0 | $0 | $0 | — |
| Total shareholders' equity | $10.1M | $11.7M | $9.2M | −$4.5M | −$7.1M | −$3.9M |
| Key figures | ||||||
| Total debt | $1.3M | $1.4M | $940,359 | $7.2M | — | — |
| Net cash (debt) | −$1.3M | −$642,177 | −$831,268 | −$6.9M | — | — |
| Working capital | −$4.1M | −$2.8M | −$12.7M | −$11.5M | −$14.1M | −$11.7M |
| Tangible book value | −$4.0M | −$2.7M | −$5.7M | −$4.5M | −$7.1M | −$3.9M |
| Book value per share | — | $26.16 | $1.90 | — | — | — |
| Shares outstanding | — | 448K | 4.9M | — | — | — |
| Current ratio | 0.11 | 0.38 | 0.11 | 0.15 | 0.06 | 0.19 |
| Quick ratio | 0.05 | 0.28 | 0.06 | 0.11 | 0.02 | 0.10 |
| Debt / equity | 0.13 | 0.12 | 0.10 | — | — | — |
| Equity / assets | 68.4% | 72.2% | 39.4% | −49.2% | −89.0% | −36.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
CHGA financial position
At the end of fiscal 2025 (December 31, 2025), Change Agents had total assets of $23.4 million (up 11.5% from a year earlier), total liabilities of $14.2 million and shareholders' equity of $9.2 million. It held $0.1 million in cash and short-term investments against $0.9 million of debt, net debt of $0.8 million. Its current ratio was 0.11. In the latest quarter (ended June 30, 2026) total assets were $14.7 million and equity $10.1 million.
Related: CHGA income statement, CHGA cash flow statement, CHGA key metrics. See the CHGA stock overview for the latest quote and news.
CHGA balance sheet FAQ
What are Change Agents's total assets?
Change Agents reported total assets of $23.4 million at the end of fiscal 2025 (December 31, 2025), compared with $21.0 million a year earlier.
How much debt does Change Agents have?
Change Agents had $0.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.
How much cash does Change Agents have?
Change Agents held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $0.9 million of debt that is net debt of $0.8 million.
What is Change Agents's book value?
Change Agents's shareholders' equity (book value) was $9.2 million at the end of fiscal 2025.
What is Change Agents's current ratio?
Change Agents had current assets of $1.5 million and current liabilities of $14.1 million, a current ratio of 0.11 (current liabilities exceed current assets).
How much goodwill does Change Agents have?
Change Agents carried $15.0 million of goodwill and intangible assets, 64.0% of total assets, at the end of fiscal 2025.