Elite Express Holding Inc. (ETS) Balance Sheet
ETS balance sheet, FY2025
November 30, 2025 · U.S. dollars$13.7M assets = $513,155 liabilities + $13.2M equity
Both columns are drawn to the same scale: what ETS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ETS financial health
Descriptive bands, not a rating. Fiscal FY2025.
ETS balance sheet trends, FY2023–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $723,367FY2023 | $13.7MFY2025 | +335.3%/yr | |
| Total liabilities | $683,405FY2023 | $513,155FY2025 | −13.3%/yr | |
| Shareholders’ equity | $39,962FY2023 | $13.2MFY2025 | +1,716.9%/yr | |
| Cash & short-term investments | $54,712FY2023 | $1.3MFY2025 | +389.0%/yr | |
| Working capital | −$106,230FY2023 | $11.9MFY2025 | +$12.0M | |
| Book value per share | $0.00FY2023 | $0.88FY2025 | +1,817.9%/yr | |
| Shares outstanding | 16.7MFY2023 | 15.0MFY2025 | −5.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ETS assets
ETS liabilities and equity
ETS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ETS balance sheet
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $1.3M | $170,157 | $54,712 |
| Cash & equivalents | $1.3M | $170,157 | $54,712 |
| Receivables | $72,582 | $56,485 | $98,041 |
| Inventory | $0 | $0 | $0 |
| Other current assets | $11.0M | $113,260 | $2,400 |
| Total current assets | $12.4M | $339,902 | $155,153 |
| Property, plant & equipment (net) | $167,008 | $279,790 | $562,777 |
| Goodwill & intangible assets | $1.2M | $1.2M | $0 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $5,437 |
| Total assets | $13.7M | $1.8M | $723,367 |
| Liabilities | |||
| Accounts payable | $20,918 | $21,000 | $0 |
| Short-term debt | — | — | $225,301 |
| Total current liabilities | $513,155 | $348,660 | $261,383 |
| Long-term debt | $0 | $0 | $422,022 |
| Other long-term liabilities | $0 | $106,698 | $0 |
| Total liabilities | $513,155 | $455,358 | $683,405 |
| Shareholders' equity | |||
| Common stock & paid-in capital | $17 | $13 | $330,000 |
| Retained earnings (deficit) | −$2.5M | −$309,009 | −$302,165 |
| Total shareholders' equity | $13.2M | $1.4M | $39,962 |
| Key figures | |||
| Total debt | — | — | $647,323 |
| Net cash (debt) | — | — | −$592,611 |
| Working capital | $11.9M | −$8,758 | −$106,230 |
| Tangible book value | $12.0M | $164,334 | $39,962 |
| Book value per share | $0.88 | $0.08 | $0.00 |
| Shares outstanding | 15.0M | 16.7M | 16.7M |
| Current ratio | 24.13 | 0.97 | 0.59 |
| Quick ratio | 2.69 | 0.65 | 0.58 |
| Debt / equity | — | — | 16.20 |
| Equity / assets | 96.3% | 75.1% | 5.5% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $3.0M | $5.2M | $68,065 | $1.3M | $13.6M | $55,027 | $168,066 |
| Cash & equivalents | $3.0M | $5.2M | $68,065 | $1.3M | $13.6M | $55,027 | $168,066 |
| Receivables | $76,574 | $10.3M | $84,411 | $72,582 | $55,440 | $48,843 | $48,243 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $13.9M | $2.0M | $11.9M | $11.0M | $200,758 | $319,478 | $300,653 |
| Total current assets | $16.9M | $17.5M | $12.0M | $12.4M | $13.8M | $423,348 | $516,962 |
| Property, plant & equipment (net) | $124,943 | $141,414 | $170,697 | $167,008 | $212,429 | $183,053 | $231,421 |
| Goodwill & intangible assets | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $1.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $18.2M | $18.8M | $13.4M | $13.7M | $15.2M | $1.8M | $1.9M |
| Liabilities | |||||||
| Accounts payable | $32,130 | $26,347 | $38,625 | $20,918 | $19,155 | $20,908 | $18,272 |
| Total current liabilities | $385,130 | $246,147 | $269,005 | $513,155 | $270,106 | $247,070 | $475,248 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $42,546 | $0 | $0 |
| Total liabilities | $385,130 | $246,147 | $269,005 | $513,155 | $312,652 | $247,070 | $475,248 |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $49 | $17 | $17 | $17 | $17 | $13 | $13 |
| Retained earnings (deficit) | −$5.9M | −$5.1M | −$2.6M | −$2.5M | −$807,493 | −$621,612 | −$514,008 |
| Total shareholders' equity | $17.8M | $18.5M | $13.1M | $13.2M | $14.9M | $1.5M | $1.5M |
| Key figures | |||||||
| Working capital | $16.5M | $17.3M | $11.8M | $11.9M | $13.5M | $176,278 | $41,714 |
| Tangible book value | $16.7M | $17.4M | $11.9M | $12.0M | $13.7M | $359,331 | $273,135 |
| Book value per share | $0.38 | $1.11 | $0.78 | $0.88 | $1.12 | $0.09 | $0.09 |
| Shares outstanding | 47.3M | 16.7M | 16.7M | 15.0M | 13.3M | 16.7M | 16.9M |
| Current ratio | 43.97 | 71.20 | 44.75 | 24.13 | 51.13 | 1.71 | 1.09 |
| Quick ratio | 8.00 | 63.17 | 0.57 | 2.69 | 50.38 | 0.42 | 0.46 |
| Equity / assets | 97.9% | 98.7% | 98.0% | 96.3% | 97.9% | 86.2% | 75.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
ETS financial position
At the end of fiscal 2025 (November 30, 2025), Elite Express had total assets of $13.7 million (up 648.4% from a year earlier), total liabilities of $0.5 million and shareholders' equity of $13.2 million. Its current ratio was 24.13. In the latest quarter (ended August 31, 2026) total assets were $18.2 million and equity $17.8 million.
Related: ETS income statement, ETS cash flow statement, ETS key metrics. See the ETS stock overview for the latest quote and news.
ETS balance sheet FAQ
What are Elite Express's total assets?
Elite Express reported total assets of $13.7 million at the end of fiscal 2025 (November 30, 2025), compared with $1.8 million a year earlier.
How much cash does Elite Express have?
Elite Express held $1.3 million in cash and short-term investments at the end of fiscal 2025.
What is Elite Express's book value?
Elite Express's shareholders' equity (book value) was $13.2 million at the end of fiscal 2025, or $0.88 per share.
What is Elite Express's current ratio?
Elite Express had current assets of $12.4 million and current liabilities of $0.5 million, a current ratio of 24.13 (it can cover its short-term obligations).
How much goodwill does Elite Express have?
Elite Express carried $1.2 million of goodwill and intangible assets, 8.4% of total assets, at the end of fiscal 2025.