Elite Education Group International Limited (EEIQ) Balance Sheet
EEIQ balance sheet, FY2025
September 30, 2025 · U.S. dollars$25.8M assets = $11.4M liabilities + $14.4M equity
Both columns are drawn to the same scale: what EEIQ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EEIQ financial health
Descriptive bands, not a rating. Fiscal FY2025.
EEIQ balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.8MFY2017 | $25.8MFY2025 | +16.2%/yr | |
| Total liabilities | $4.3MFY2017 | $11.4MFY2025 | +12.8%/yr | |
| Shareholders’ equity | $3.4MFY2017 | $8.8MFY2025 | +12.5%/yr | |
| Cash & short-term investments | $1.9MFY2017 | $5.1MFY2025 | +13.1%/yr | |
| Total debt | −$4.3MFY2017 | $4.3MFY2025 | — | |
| Net cash (debt) | $6.2MFY2017 | $766,633FY2025 | −$5.5M | |
| Working capital | −$626,597FY2017 | $7.4MFY2025 | +$8.0M | |
| Book value per share | $6.26FY2017 | $9.10FY2025 | +4.8%/yr | |
| Current ratio | 0.86FY2017 | 1.83FY2025 | +0.98 | |
| Debt / equity | −1.26FY2017 | 0.49FY2025 | +1.75 | |
| Shares outstanding | 550KFY2017 | 968KFY2025 | +7.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EEIQ assets
EEIQ liabilities and equity
EEIQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EEIQ balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $5.1M | $1.2M | $5.0M | $11.4M | $16.5M | $7.4M | $8.3M | $4.0M | $1.9M |
| Cash & equivalents | $5.1M | $1.2M | $5.0M | $11.4M | $16.5M | $7.4M | $8.3M | $4.0M | $1.9M |
| Receivables | $3.1M | $1.4M | $1.0M | $1.7M | $1.5M | $818,000 | $243,121 | $476,379 | $424,500 |
| Inventory | $46,381 | $48,470 | $41,185 | $0 | $1 | $783,889 | $1 | $1 | $1 |
| Other current assets | $8.1M | $1.6M | $2.7M | $946,299 | $1.6M | $1.6M | $2.4M | $1.6M | $1.4M |
| Total current assets | $16.3M | $4.3M | $8.7M | $14.1M | $19.6M | $10.6M | $10.9M | $6.1M | $3.7M |
| Property, plant & equipment (net) | $2.6M | $4.4M | $3.2M | $3.2M | $4.1M | $3.1M | $2.9M | $2.8M | $2.7M |
| Goodwill & intangible assets | $6.9M | $7.1M | $7.3M | $1.3M | $1.5M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $7.5M | $0 | $5.1M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $411,934 | $0 | $439,382 | $1.0M | $1.9M | $1.4M |
| Total assets | $25.8M | $23.3M | $19.2M | $24.0M | $24.0M | $14.2M | $14.9M | $10.8M | $7.8M |
| Liabilities | |||||||||
| Accounts payable | $1.1M | $1.2M | $210,100 | $91,083 | $148,761 | $51,774 | $106,122 | $0 | $32,260 |
| Short-term debt | $752,429 | $911,210 | $559,375 | $461,161 | $259,297 | $140,000 | $140,000 | — | −$4.3M |
| Deferred revenue | $6.0M | $5.3M | $4.1M | $3.3M | $5.3M | $4.6M | $6.8M | $5.6M | $4.3M |
| Total current liabilities | $8.9M | $9.8M | $6.9M | $6.1M | $8.6M | $6.7M | $8.4M | $6.4M | $4.3M |
| Long-term debt | $409,956 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.3M | $2.8M | $1.1M | $1.0M | $721,294 | $0 | — | — | — |
| Other long-term liabilities | $2.1M | $2.7M | $1.4M | $561,897 | $461,997 | $4.7M | $6.9M | $0 | $0 |
| Total liabilities | $11.4M | $12.4M | $8.3M | $6.7M | $9.1M | $6.7M | $8.4M | $6.4M | $4.3M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $37,137 | $20,814 | $19,045 | $18,017 | $16,528 | $12,600 | $12,600 | $12,600 | $12,600 |
| Retained earnings (deficit) | −$17.4M | −$15.0M | −$9.1M | −$2.4M | $3.7M | $4.7M | $3.7M | $1.7M | $1.1M |
| Accumulated other comprehensive income | −$49,545 | −$35,803 | −$36,284 | −$28,939 | −$199,999 | −$543,080 | $0 | −$363,673 | $0 |
| Minority interest | $5.6M | $5.7M | $1.8M | $2.2M | — | — | — | — | — |
| Total shareholders' equity | $8.8M | $5.2M | $9.1M | $15.1M | $14.9M | $7.5M | $6.5M | $4.4M | $3.4M |
| Key figures | |||||||||
| Total debt | $4.3M | $3.1M | $1.1M | $1.0M | $721,294 | $140,000 | $140,000 | — | −$4.3M |
| Net cash (debt) | $766,633 | −$1.9M | $3.8M | $10.4M | $15.8M | $7.3M | $8.1M | — | $6.2M |
| Working capital | $7.4M | −$5.5M | $1.8M | $8.0M | $11.0M | $3.9M | $2.5M | −$319,809 | −$626,597 |
| Tangible book value | $1.9M | −$1.9M | $1.8M | $13.8M | $13.5M | $7.5M | $6.5M | $4.4M | $3.4M |
| Book value per share | $9.10 | $6.54 | $12.55 | $21.94 | $22.95 | $13.60 | $11.76 | $8.13 | $6.26 |
| Shares outstanding | 968K | 790K | 728K | 688K | 651K | 550K | 550K | 543K | 550K |
| Current ratio | 1.83 | 0.44 | 1.27 | 2.32 | 2.27 | 1.58 | 1.30 | 0.95 | 0.86 |
| Quick ratio | 0.92 | 0.27 | 0.87 | 2.17 | 2.09 | 1.22 | 1.01 | 0.71 | 0.54 |
| Debt / equity | 0.49 | 0.60 | 0.12 | 0.07 | 0.05 | 0.02 | 0.02 | — | −1.26 |
| Equity / assets | 34.2% | 22.2% | 47.6% | 62.9% | 62.2% | 52.7% | 43.5% | 40.9% | 44.3% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $645,653 | $5.1M | $4.8M | $334,341 | $334,341 | $1.2M | $1.2M | $587,031 | $5.0M | $5.0M | $5.0M | $5.9M |
| Cash & equivalents | $645,653 | $5.1M | $4.8M | $334,341 | $334,341 | $1.2M | $1.2M | $587,031 | $5.0M | $5.0M | $5.0M | $5.9M |
| Receivables | $2.3M | $3.1M | $492,897 | $101,396 | $101,396 | $1.4M | $85,279 | $1.2M | $36,503 | $36,503 | $36,503 | $1.1M |
| Inventory | $43,248 | $46,381 | $46,381 | $44,731 | $44,731 | $48,470 | $48,470 | $45,030 | $41,185 | $41,185 | $41,185 | $36,365 |
| Other current assets | $8.7M | $8.1M | $11.0M | $2.0M | $2.0M | $1.6M | $3.0M | $9.0M | $3.7M | $3.7M | $3.7M | $1.8M |
| Total current assets | $11.7M | $16.3M | $16.3M | $2.5M | $2.5M | $4.3M | $4.3M | $10.8M | $8.7M | $8.7M | $8.7M | $8.8M |
| Property, plant & equipment (net) | $2.4M | $2.6M | $2.6M | $3.1M | $3.1M | $4.4M | $4.4M | $2.5M | $3.2M | $3.2M | $3.2M | $3.5M |
| Goodwill & intangible assets | $6.8M | $6.9M | $6.9M | $7.0M | $7.0M | $7.1M | $7.1M | $7.2M | $7.3M | $7.3M | $7.3M | $6.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $7.5M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $7.5M | $7.5M | $7.5M | $0 | $0 | $0 | $0 | $0 | $578,919 |
| Total assets | $20.9M | $25.8M | $25.8M | $20.0M | $20.0M | $23.3M | $23.3M | $20.5M | $19.2M | $19.2M | $19.2M | $19.6M |
| Liabilities | ||||||||||||
| Accounts payable | $1.5M | $1.1M | $1.1M | $2.3M | $2.3M | $1.2M | $1.2M | $2.7M | $210,100 | $210,100 | $210,100 | $2.1M |
| Short-term debt | $689,649 | $752,429 | — | $1.0M | — | $911,210 | — | $834,660 | $559,375 | — | — | $636,126 |
| Deferred revenue | $2.3M | $6.0M | — | $2.0M | — | $5.3M | — | $2.6M | $4.1M | — | — | $1.5M |
| Total current liabilities | $6.1M | $8.9M | $8.9M | $6.4M | $6.4M | $9.8M | $9.8M | $6.3M | $6.9M | $6.9M | $6.9M | $4.4M |
| Long-term debt | $0 | $0 | $409,956 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.3M | — | $2.3M | — | $2.5M | — | $2.8M | $830,993 | — | $1.1M | — | $1.4M |
| Other long-term liabilities | $2.3M | $2.5M | $2.1M | $2.5M | $2.5M | $2.7M | $2.7M | $1.1M | $1.4M | $1.4M | $1.4M | $1.3M |
| Total liabilities | $8.4M | $11.4M | $11.4M | $8.9M | $8.9M | $12.4M | $12.4M | $7.4M | $8.3M | $8.3M | $8.3M | $5.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $38,010 | $37,137 | — | $21,600 | — | $20,814 | — | $20,347 | $19,045 | — | $19,045 | $18,585 |
| Retained earnings (deficit) | −$20.2M | −$17.4M | −$17.4M | −$15.2M | −$15.2M | −$15.0M | −$15.0M | −$12.3M | −$9.1M | −$9.0M | −$9.1M | −$5.6M |
| Accumulated other comprehensive income | −$36,275 | −$49,545 | — | −$54,647 | — | −$35,803 | — | −$43,970 | −$36,284 | — | −$36,284 | −$33,093 |
| Minority interest | $5.3M | — | $5.6M | — | $5.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $7.2M | $8.8M | $8.8M | $5.3M | $5.3M | $5.2M | $5.2M | $7.1M | $9.1M | $9.1M | $9.1M | $11.6M |
| Key figures | ||||||||||||
| Total debt | $2.4M | $2.7M | $409,956 | $2.9M | — | $3.1M | — | $1.2M | $1.1M | — | $571,131 | $1.4M |
| Net cash (debt) | −$1.7M | $2.3M | $4.3M | −$2.6M | — | −$1.9M | — | −$653,918 | $3.8M | — | $4.4M | $4.5M |
| Working capital | $5.6M | $7.4M | $7.4M | −$4.0M | −$4.0M | −$5.5M | −$5.5M | $4.5M | $1.8M | $1.8M | $1.8M | $4.4M |
| Tangible book value | $466,865 | $1.9M | $1.9M | −$1.7M | −$1.7M | −$1.9M | −$1.9M | −$141,806 | $1.8M | $1.8M | $1.8M | $4.9M |
| Book value per share | $4.93 | $8.94 | $6.02 | $6.47 | $6.29 | $6.41 | $6.31 | $9.16 | $12.35 | — | — | $16.23 |
| Shares outstanding | 1.5M | 986K | 1.5M | 827K | 851K | 807K | 820K | 773K | 740K | — | — | 717K |
| Current ratio | 1.91 | 1.83 | 1.83 | 0.38 | 0.38 | 0.44 | 0.44 | 1.71 | 1.27 | 1.27 | 1.27 | 2.00 |
| Quick ratio | 0.48 | 0.92 | 0.59 | 0.07 | 0.07 | 0.27 | 0.13 | 0.28 | 0.73 | 0.73 | 0.73 | 1.59 |
| Debt / equity | 0.33 | 0.31 | 0.05 | 0.55 | — | 0.60 | — | 0.18 | 0.12 | — | 0.06 | 0.12 |
| Equity / assets | 34.7% | 34.2% | 34.2% | 26.7% | 26.7% | 22.2% | 22.2% | 34.6% | 47.6% | 47.6% | 47.6% | 59.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 28, 2026); data from EODHD.
EEIQ financial position
At the end of fiscal 2025 (September 30, 2025), Elite Education Group International had total assets of $25.8 million (up 10.7% from a year earlier), total liabilities of $11.4 million and shareholders' equity of $8.8 million. It held $5.1 million in cash and short-term investments against $4.3 million of debt, a net cash position of $0.8 million. Its current ratio was 1.83. In the latest quarter (ended March 31, 2026) total assets were $20.9 million and equity $7.2 million.
Related: EEIQ income statement, EEIQ cash flow statement, EEIQ key metrics. See the EEIQ stock overview for the latest quote and news.
EEIQ balance sheet FAQ
What are Elite Education Group International's total assets?
Elite Education Group International reported total assets of $25.8 million at the end of fiscal 2025 (September 30, 2025), compared with $23.3 million a year earlier.
How much debt does Elite Education Group International have?
Elite Education Group International had $4.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.49.
How much cash does Elite Education Group International have?
Elite Education Group International held $5.1 million in cash and short-term investments at the end of fiscal 2025; with $4.3 million of debt that is net cash of $0.8 million.
What is Elite Education Group International's book value?
Elite Education Group International's shareholders' equity (book value) was $8.8 million at the end of fiscal 2025, or $9.10 per share.
What is Elite Education Group International's current ratio?
Elite Education Group International had current assets of $16.3 million and current liabilities of $8.9 million, a current ratio of 1.83 (it can cover its short-term obligations).
How much goodwill does Elite Education Group International have?
Elite Education Group International carried $6.9 million of goodwill and intangible assets, 26.8% of total assets, at the end of fiscal 2025.