Enhanced Group Inc. (ENHA) Balance Sheet
ENHA balance sheet, 2025
December 31, 2025 · U.S. dollars$26.2M assets = $1.1M liabilities + $25.1M equity
Both columns are drawn to the same scale: what ENHA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ENHA financial health
Descriptive bands, not a rating. Fiscal 2025.
ENHA balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.2M2024 | $26.2M2025 | +531.3%/yr | |
| Total liabilities | $9.4M2024 | $1.1M2025 | −88.4%/yr | |
| Shareholders’ equity | −$5.3M2024 | $25.1M2025 | — | |
| Cash & short-term investments | $4.0M2024 | $89,6292025 | −97.8%/yr | |
| Working capital | $2.2M2024 | $46,8122025 | −$2.2M | |
| Book value per share | −$0.042024 | $0.212025 | — | |
| Current ratio | 2.172024 | 1.772025 | −0.40 | |
| Shares outstanding | 122.2M2024 | 122.2M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ENHA assets
ENHA liabilities and equity
ENHA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ENHA balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $89,629 | $4.0M |
| Cash & equivalents | $89,629 | $4.0M |
| Receivables | $0 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $17,850 | $103,649 |
| Total current assets | $107,479 | $4.1M |
| Property, plant & equipment (net) | $433,804 | $3,134 |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $25.7M | $30,000 |
| Total assets | $26.2M | $4.2M |
| Liabilities | ||
| Total current liabilities | $60,667 | $1.9M |
| Long-term debt | $0 | $0 |
| Other long-term liabilities | $1.0M | $7.5M |
| Total liabilities | $1.1M | $9.4M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $26.1M | — |
| Retained earnings (deficit) | −$981,003 | −$5.4M |
| Total shareholders' equity | $25.1M | −$5.3M |
| Key figures | ||
| Working capital | $46,812 | $2.2M |
| Tangible book value | $25.1M | −$5.3M |
| Book value per share | $0.21 | −$0.04 |
| Shares outstanding | 122.2M | 122.2M |
| Current ratio | 1.77 | 2.17 |
| Quick ratio | 1.48 | 2.11 |
| Equity / assets | 95.9% | −126.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $19.6M | $54,640 | $89,629 | $186,976 | — |
| Cash & equivalents | $19.6M | $54,640 | $89,629 | $186,976 | — |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $17.9M | $22,376 | $17,850 | $23,070 | $153 |
| Total current assets | $37.5M | $77,016 | $107,479 | $210,046 | $153 |
| Property, plant & equipment (net) | $7.8M | $546,370 | $0 | $0 | $0 |
| Goodwill & intangible assets | $30,000 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $25.6M | $26.1M | $25.9M | $12,174 |
| Total assets | $45.4M | $26.2M | $26.2M | $26.1M | $12,327 |
| Liabilities | |||||
| Accounts payable | $25.6M | — | — | — | — |
| Short-term debt | — | — | — | $38,558 | $38,216 |
| Total current liabilities | $42.3M | $77,555 | $60,667 | $60,309 | $49,693 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $1.0M | $1.0M | $1.0M | $0 |
| Total liabilities | $42.3M | $1.1M | $1.1M | $1.1M | $49,693 |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $38,782 | $26.2M | $26.1M | $25.9M | — |
| Retained earnings (deficit) | −$110.4M | −$1.0M | −$981,003 | −$878,488 | −$40,550 |
| Total shareholders' equity | $3.1M | $25.1M | $25.1M | $25.0M | −$37,366 |
| Key figures | |||||
| Total debt | — | — | — | $38,558 | $38,216 |
| Net cash (debt) | — | — | — | $148,418 | −$38,216 |
| Working capital | −$4.8M | −$539 | $46,812 | $149,737 | −$49,540 |
| Tangible book value | $3.0M | $25.1M | $25.1M | $25.0M | −$37,366 |
| Book value per share | $0.03 | $0.21 | — | — | −$0.00 |
| Shares outstanding | 117.7M | 122.2M | — | — | 28.3M |
| Current ratio | 0.89 | 0.99 | 1.77 | 3.48 | 0.00 |
| Quick ratio | 0.46 | 0.70 | 1.48 | 3.10 | 0.00 |
| Debt / equity | — | — | — | 0.00 | — |
| Equity / assets | 6.7% | 95.8% | 95.9% | 95.8% | −303.1% |
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.
ENHA financial position
At the end of fiscal 2025 (December 31, 2025), Enhanced had total assets of $26.2 million (up 531.3% from a year earlier), total liabilities of $1.1 million and shareholders' equity of $25.1 million. Its current ratio was 1.77. In the latest quarter (ended June 30, 2026) total assets were $45.4 million and equity $3.1 million.
Related: ENHA income statement, ENHA cash flow statement, ENHA key metrics. See the ENHA stock overview for the latest quote and news.
ENHA balance sheet FAQ
What are Enhanced's total assets?
Enhanced reported total assets of $26.2 million at the end of fiscal 2025 (December 31, 2025), compared with $4.2 million a year earlier.
How much cash does Enhanced have?
Enhanced held $0.1 million in cash and short-term investments at the end of fiscal 2025.
What is Enhanced's book value?
Enhanced's shareholders' equity (book value) was $25.1 million at the end of fiscal 2025, or $0.21 per share.
What is Enhanced's current ratio?
Enhanced had current assets of $0.1 million and current liabilities of $0.1 million, a current ratio of 1.77 (it can cover its short-term obligations).