Happy City Holdings Limited (HCHL) Balance Sheet
HCHL balance sheet, FY2025
August 31, 2025 · U.S. dollars$8.0M assets = $5.8M liabilities + $2.2M equity
Both columns are drawn to the same scale: what HCHL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HCHL financial health
Descriptive bands, not a rating. Fiscal FY2025.
HCHL balance sheet trends, FY2023–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.0MFY2023 | $8.0MFY2025 | +40.9%/yr | |
| Total liabilities | $5.5MFY2023 | $5.8MFY2025 | +2.8%/yr | |
| Shareholders’ equity | −$1.5MFY2023 | $2.2MFY2025 | — | |
| Cash & short-term investments | $184,738FY2023 | $3.7MFY2025 | +346.7%/yr | |
| Total debt | $3.9MFY2023 | $4.6MFY2025 | +8.1%/yr | |
| Net cash (debt) | −$3.7MFY2023 | −$868,319FY2025 | +$2.8M | |
| Working capital | −$2.5MFY2023 | −$837,491FY2025 | +$1.6M | |
| Book value per share | −$0.08FY2023 | $0.12FY2025 | — | |
| Current ratio | 0.10FY2023 | 0.83FY2025 | +0.73 | |
| Debt / equity | 8.19FY2024 | 2.06FY2025 | −6.12 | |
| Shares outstanding | 19.0MFY2023 | 19.0MFY2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HCHL assets
HCHL liabilities and equity
HCHL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HCHL balance sheet
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $3.7M | $2.9M | $184,738 |
| Cash & equivalents | $3.4M | $2.9M | $184,738 |
| Short-term investments | $316,689 | $0 | — |
| Receivables | $47,942 | $43,288 | $34,624 |
| Inventory | $35,179 | $38,135 | $34,922 |
| Other current assets | $385,279 | $117,638 | $21,270 |
| Total current assets | $4.2M | $3.1M | $275,554 |
| Property, plant & equipment (net) | $3.1M | $3.1M | $2.9M |
| Goodwill & intangible assets | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $759,139 | $752,807 | $871,698 |
| Total assets | $8.0M | $7.0M | $4.0M |
| Liabilities | |||
| Accounts payable | $272,173 | $266,661 | $220,941 |
| Short-term debt | $4.0M | $2.8M | $1.4M |
| Total current liabilities | $5.0M | $4.1M | $2.8M |
| Long-term debt | $0 | $1.5M | $1.7M |
| Lease obligations | $1.4M | $1.4M | $1.7M |
| Other long-term liabilities | $819,931 | $837,829 | $1.1M |
| Total liabilities | $5.8M | $6.4M | $5.5M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $750,000 | $750,000 | $1 |
| Retained earnings (deficit) | −$2.6M | −$145,090 | −$1.5M |
| Accumulated other comprehensive income | $19,999 | −$2,939 | $1,912 |
| Total shareholders' equity | $2.2M | $601,972 | −$1.5M |
| Key figures | |||
| Total debt | $4.6M | $4.9M | $3.9M |
| Net cash (debt) | −$868,319 | −$2.0M | −$3.7M |
| Working capital | −$837,491 | −$918,271 | −$2.5M |
| Tangible book value | $2.2M | $601,972 | −$1.5M |
| Book value per share | $0.12 | $0.03 | −$0.08 |
| Shares outstanding | 19.0M | 19.0M | 19.0M |
| Current ratio | 0.83 | 0.77 | 0.10 |
| Quick ratio | 0.75 | 0.74 | 0.08 |
| Debt / equity | 2.06 | 8.19 | — |
| Equity / assets | 27.5% | 8.6% | −36.2% |
| Nov '25 | Aug '25 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $3.7M | $3.7M |
| Cash & equivalents | $3.4M | $3.4M |
| Short-term investments | $316,689 | $316,689 |
| Receivables | $47,942 | $31,731 |
| Inventory | $35,179 | $35,179 |
| Other current assets | $385,279 | $401,490 |
| Total current assets | $4.2M | $4.2M |
| Property, plant & equipment (net) | $3.1M | $3.1M |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $759,139 | $759,139 |
| Total assets | $8.0M | $8.0M |
| Liabilities | ||
| Accounts payable | $272,173 | $272,173 |
| Short-term debt | $4.0M | — |
| Total current liabilities | $5.0M | $5.0M |
| Long-term debt | $0 | $0 |
| Lease obligations | — | $1.4M |
| Other long-term liabilities | $819,931 | $819,931 |
| Total liabilities | $5.8M | $5.8M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $750,000 | — |
| Retained earnings (deficit) | −$2.6M | −$2.6M |
| Accumulated other comprehensive income | $19,999 | — |
| Total shareholders' equity | $2.2M | $2.2M |
| Key figures | ||
| Total debt | $4.6M | — |
| Net cash (debt) | −$868,319 | — |
| Working capital | −$837,491 | −$837,491 |
| Tangible book value | $2.2M | $2.2M |
| Book value per share | — | $0.11 |
| Shares outstanding | — | 19.2M |
| Current ratio | 0.83 | 0.83 |
| Quick ratio | 0.75 | 0.74 |
| Debt / equity | 2.06 | — |
| Equity / assets | 27.5% | 27.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 14, 2026); data from EODHD.
HCHL financial position
At the end of fiscal 2025 (August 31, 2025), Happy City had total assets of $8.0 million (up 15.0% from a year earlier), total liabilities of $5.8 million and shareholders' equity of $2.2 million. It held $3.7 million in cash and short-term investments against $4.6 million of debt, net debt of $0.9 million. Its current ratio was 0.83. In the latest quarter (ended November 30, 2025) total assets were $8.0 million and equity $2.2 million.
Related: HCHL income statement, HCHL cash flow statement, HCHL key metrics. See the HCHL stock overview for the latest quote and news.
HCHL balance sheet FAQ
What are Happy City's total assets?
Happy City reported total assets of $8.0 million at the end of fiscal 2025 (August 31, 2025), compared with $7.0 million a year earlier.
How much debt does Happy City have?
Happy City had $4.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.06.
How much cash does Happy City have?
Happy City held $3.7 million in cash and short-term investments at the end of fiscal 2025; with $4.6 million of debt that is net debt of $0.9 million.
What is Happy City's book value?
Happy City's shareholders' equity (book value) was $2.2 million at the end of fiscal 2025, or $0.12 per share.
What is Happy City's current ratio?
Happy City had current assets of $4.2 million and current liabilities of $5.0 million, a current ratio of 0.83 (current liabilities exceed current assets).