Heidmar Maritime Holdings Corp. (HMR) Balance Sheet
HMR balance sheet, 2025
December 31, 2025 · U.S. dollars$71.2M assets = $60.5M liabilities + $10.7M equity
Both columns are drawn to the same scale: what HMR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HMR financial health
Descriptive bands, not a rating. Fiscal 2025.
HMR balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.6M2021 | $71.2M2025 | +65.1%/yr | |
| Total liabilities | $5.7M2021 | $60.5M2025 | +80.7%/yr | |
| Shareholders’ equity | $3.9M2021 | $10.7M2025 | +28.7%/yr | |
| Cash & short-term investments | $7.9M2021 | $18.6M2025 | +24.1%/yr | |
| Total debt | $290,9522021 | $5.1M2024 | +159.2%/yr | |
| Net cash (debt) | $7.6M2021 | $15.0M2024 | +$7.4M | |
| Working capital | $3.4M2021 | $22.3M2025 | +$18.8M | |
| Book value per share | $0.072021 | $0.182025 | +28.1%/yr | |
| Current ratio | 1.622021 | 6.342025 | +4.72 | |
| Debt / equity | 0.072021 | 0.282024 | +0.20 | |
| Shares outstanding | 57.1M2021 | 58.2M2025 | +0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HMR assets
HMR liabilities and equity
HMR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HMR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $18.6M | $20.0M | $18.9M | $25.2M | $7.9M |
| Cash & equivalents | $18.6M | $20.0M | $18.9M | $25.2M | $7.9M |
| Receivables | $1.2M | $9.2M | $11.4M | $12.8M | $790,658 |
| Inventory | $2,450 | $612,165 | $1.2M | $0 | $0 |
| Other current assets | $6.6M | $366,100 | $1.5M | $2.3M | $308,651 |
| Total current assets | $26.4M | $30.3M | $33.0M | $40.4M | $8.9M |
| Property, plant & equipment (net) | $43.7M | $5.4M | $14.1M | $22.4M | $437,277 |
| Goodwill & intangible assets | $735,084 | $764,484 | $0 | $0 | $0 |
| Long-term investments | $0 | $1.6M | $0 | $0 | $0 |
| Other non-current assets | $346,105 | $170,664 | $163,192 | $193,803 | $189,489 |
| Total assets | $71.2M | $38.1M | $47.3M | $62.9M | $9.6M |
| Liabilities | |||||
| Accounts payable | $4.2M | $856,558 | $1.7M | $731,876 | $4.8M |
| Short-term debt | — | $4.9M | $9.3M | $8.6M | $182,718 |
| Deferred revenue | — | $1.1M | $1.8M | $5.0M | — |
| Total current liabilities | $4.2M | $19.6M | $25.1M | $26.5M | $5.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $40.9M | $5.1M | $14.0M | $22.3M | — |
| Other long-term liabilities | $56.3M | $264,561 | $5.7M | $14.6M | $158,543 |
| Total liabilities | $60.5M | $19.9M | $30.9M | $41.1M | $5.7M |
| Shareholders' equity | |||||
| Retained earnings (deficit) | −$17.9M | $12.6M | $10.7M | $16.2M | — |
| Accumulated other comprehensive income | — | $1.3M | $1.4M | $1.4M | $1.7M |
| Total shareholders' equity | $10.7M | $18.2M | $16.4M | $21.8M | $3.9M |
| Key figures | |||||
| Total debt | — | $5.1M | $14.0M | $22.3M | $290,952 |
| Net cash (debt) | — | $15.0M | $4.9M | $2.9M | $7.6M |
| Working capital | $22.3M | $10.6M | $7.8M | $13.8M | $3.4M |
| Tangible book value | $10.0M | $17.5M | $16.4M | $21.8M | $3.9M |
| Book value per share | $0.18 | $0.32 | $0.29 | $0.38 | $0.07 |
| Shares outstanding | 58.2M | 57.1M | 57.1M | 57.1M | 57.1M |
| Current ratio | 6.34 | 1.54 | 1.31 | 1.52 | 1.62 |
| Quick ratio | 4.77 | 1.49 | 1.21 | 1.43 | 1.57 |
| Debt / equity | — | 0.28 | 0.86 | 1.02 | 0.07 |
| Equity / assets | 15.0% | 47.8% | 34.7% | 34.6% | 40.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $28.7M | $27.6M | $18.6M | $9.1M | $11.3M | $19.2M | $20.0M | $19.2M | $18.9M |
| Cash & equivalents | $28.7M | $27.6M | $18.6M | $9.1M | $11.3M | $19.2M | $20.0M | $19.2M | $18.9M |
| Receivables | $0 | $0 | $0 | $0 | $11.7M | $9.2M | $0 | $10.1M | $11.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $612,165 | $612,165 | $883,051 | $1.2M |
| Other current assets | $9.4M | $8.6M | $7.8M | $14.0M | $3.0M | $2.7M | $9.6M | $1.2M | $1.5M |
| Total current assets | $38.1M | $36.2M | $26.4M | $23.1M | $26.1M | $31.7M | $30.3M | $31.4M | $33.0M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $5.4M | $5.4M | $10.2M | $14.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $749,784 | $764,484 | $764,484 | $776,719 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $47,773 | $76,544 | $1.6M | $0 | $0 |
| Other non-current assets | $61.4M | $39.9M | $44.8M | $46.9M | $45.7M | $9.6M | $170,664 | $159,598 | $163,192 |
| Total assets | $99.6M | $76.1M | $71.2M | $69.9M | $72.6M | $47.5M | $38.1M | $42.5M | $47.3M |
| Liabilities | |||||||||
| Accounts payable | $4.9M | $3.9M | $4.2M | $4.8M | $5.6M | $3.6M | $856,558 | $1.2M | $1.7M |
| Short-term debt | — | — | — | — | $14.5M | $4.9M | — | $9.6M | $9.3M |
| Deferred revenue | — | — | — | — | — | $1.1M | — | — | $1.8M |
| Total current liabilities | $46.8M | $32.0M | $4.2M | $4.8M | $10.8M | $3.6M | $19.6M | $22.8M | $25.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | $5.1M | $9.9M | $14.0M |
| Other long-term liabilities | $36.2M | $30.0M | $56.3M | $50.4M | $49.0M | $18.2M | $264,561 | $1.4M | $5.7M |
| Total liabilities | $83.0M | $62.0M | $60.5M | $55.2M | $59.8M | $21.7M | $19.9M | $24.2M | $30.9M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | — | — | — | $14.7M | $58,163 | — | — | — | — |
| Retained earnings (deficit) | — | — | — | — | −$15.1M | $12.6M | $12.6M | $12.6M | $10.7M |
| Accumulated other comprehensive income | — | — | — | — | $1.9M | $1.3M | — | $1.5M | $1.4M |
| Total shareholders' equity | $16.6M | $14.2M | $10.7M | $14.7M | $12.8M | $25.8M | $18.2M | $18.3M | $16.4M |
| Key figures | |||||||||
| Total debt | — | — | — | — | $51.1M | $5.1M | — | $9.9M | $14.0M |
| Net cash (debt) | — | — | — | — | −$39.8M | $14.1M | — | $9.4M | $4.9M |
| Working capital | −$8.7M | $4.2M | $22.3M | $18.2M | $15.3M | $28.1M | $10.6M | $8.6M | $7.8M |
| Tangible book value | $16.6M | $14.2M | $10.7M | $14.7M | $12.1M | $25.0M | $17.5M | $17.5M | $16.4M |
| Book value per share | $0.26 | $0.22 | $0.18 | $0.25 | $0.22 | $0.43 | $0.32 | $0.32 | $0.29 |
| Shares outstanding | 64.8M | 64.0M | 59.8M | 58.3M | 58.2M | 60.3M | 57.1M | 57.1M | 57.1M |
| Current ratio | 0.82 | 1.13 | 6.34 | 4.77 | 2.41 | 8.85 | 1.54 | 1.38 | 1.31 |
| Quick ratio | 0.61 | 0.86 | 4.47 | 1.89 | 2.13 | 7.93 | 1.02 | 1.28 | 1.21 |
| Debt / equity | — | — | — | — | 3.99 | 0.20 | — | 0.54 | 0.86 |
| Equity / assets | 16.7% | 18.6% | 15.0% | 21.1% | 17.6% | 54.3% | 47.8% | 43.0% | 34.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
HMR financial position
At the end of fiscal 2025 (December 31, 2025), Heidmar Maritime had total assets of $71.2 million (up 86.8% from a year earlier), total liabilities of $60.5 million and shareholders' equity of $10.7 million. Its current ratio was 6.34. In the latest quarter (ended June 30, 2026) total assets were $99.6 million and equity $16.6 million.
Related: HMR income statement, HMR cash flow statement, HMR key metrics. See the HMR stock overview for the latest quote and news.
HMR balance sheet FAQ
What are Heidmar Maritime's total assets?
Heidmar Maritime reported total assets of $71.2 million at the end of fiscal 2025 (December 31, 2025), compared with $38.1 million a year earlier.
How much cash does Heidmar Maritime have?
Heidmar Maritime held $18.6 million in cash and short-term investments at the end of fiscal 2025.
What is Heidmar Maritime's book value?
Heidmar Maritime's shareholders' equity (book value) was $10.7 million at the end of fiscal 2025, or $0.18 per share.
What is Heidmar Maritime's current ratio?
Heidmar Maritime had current assets of $26.4 million and current liabilities of $4.2 million, a current ratio of 6.34 (it can cover its short-term obligations).
How much goodwill does Heidmar Maritime have?
Heidmar Maritime carried $0.7 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.