Hempacco Co., Inc. (HPCO) Balance Sheet
HPCO balance sheet, 2024
December 31, 2024 · U.S. dollars$18.0M assets = $18.8M liabilities + −$779,325 equity
Liabilities exceed assets: shareholders’ equity is negative (−$779,325).
Both columns are drawn to the same scale: what HPCO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HPCO financial health
Descriptive bands, not a rating. Fiscal 2024.
HPCO balance sheet trends, 2019–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.7M2019 | $18.0M2024 | +26.1%/yr | |
| Total liabilities | $2.1M2019 | $18.8M2024 | +55.3%/yr | |
| Shareholders’ equity | $3.6M2019 | −$367,8122024 | — | |
| Cash & short-term investments | $1172019 | $109,8252024 | +293.1%/yr | |
| Total debt | $1.4M2019 | $13.7M2024 | +57.1%/yr | |
| Net cash (debt) | −$1.4M2019 | −$13.6M2024 | −$12.2M | |
| Working capital | −$1.4M2019 | −$9.6M2024 | −$8.2M | |
| Current ratio | 0.312019 | 0.252024 | −0.06 | |
| Debt / equity | 0.402019 | 0.092022 | −0.31 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HPCO assets
HPCO liabilities and equity
HPCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HPCO balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $109,825 | $109,825 | $548,331 | $933,469 | $500 | $117 |
| Cash & equivalents | $109,825 | $109,825 | $548,331 | $933,469 | $500 | $117 |
| Short-term investments | — | — | $452,975 | $688,926 | $2,576 | $2,607 |
| Receivables | $226,128 | $226,128 | $236,369 | $281,543 | $5,687 | $0 |
| Inventory | $2.5M | $2.5M | $645,132 | $198,936 | $92,699 | $639,668 |
| Other current assets | $400,715 | $400,715 | $477,975 | $703,690 | $2,576 | $2,607 |
| Total current assets | $3.3M | $3.3M | $1.9M | $2.1M | $101,462 | $642,392 |
| Property, plant & equipment (net) | $11.9M | $11.9M | $7.6M | $5.5M | $5.6M | $5.0M |
| Goodwill & intangible assets | $2.8M | $2.8M | $2,661 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $18.0M | $18.0M | $9.5M | $7.6M | $5.7M | $5.7M |
| Liabilities | ||||||
| Accounts payable | $3.3M | $3.3M | $378,436 | $260,205 | $496,645 | $25,000 |
| Short-term debt | $7.8M | — | $394,104 | $1.8M | $1.7M | $1.4M |
| Deferred revenue | $1.7M | — | $838,164 | $2.1M | $756,971 | $623,375 |
| Total current liabilities | $12.9M | $12.9M | $1.5M | $4.2M | $2.9M | $2.1M |
| Long-term debt | $0 | $0 | $142,770 | $168,328 | $36,500 | $0 |
| Lease obligations | — | $6.5M | $368,328 | $469,240 | $560,485 | — |
| Other long-term liabilities | $5.9M | $5.9M | $258,776 | $366,271 | $467,065 | $25,328 |
| Total liabilities | $18.8M | $18.8M | $1.9M | $4.7M | $3.4M | $2.1M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $2,927 | — | $23,436 | $19,696 | $84,780 | $84,000 |
| Retained earnings (deficit) | −$23.6M | −$23.6M | −$10.5M | −$3.5M | −$1.6M | −$137,345 |
| Accumulated other comprehensive income | — | — | — | $0 | — | −$84,000 |
| Minority interest | — | −$411,513 | −$95,373 | −$14,250 | — | — |
| Total shareholders' equity | −$367,812 | −$367,812 | $7.7M | $2.9M | $2.2M | $3.6M |
| Key figures | ||||||
| Total debt | $13.7M | — | $686,098 | $2.3M | $2.2M | $1.4M |
| Net cash (debt) | −$13.6M | — | −$137,767 | −$1.4M | −$2.2M | −$1.4M |
| Working capital | −$9.6M | −$9.6M | $387,373 | −$2.1M | −$2.8M | −$1.4M |
| Tangible book value | −$3.2M | −$3.2M | $7.7M | $2.9M | $2.2M | $3.6M |
| Book value per share | — | −$0.13 | — | — | — | — |
| Shares outstanding | — | 2.9M | — | — | — | — |
| Current ratio | 0.25 | 0.25 | 1.25 | 0.51 | 0.03 | 0.31 |
| Quick ratio | 0.03 | 0.03 | 0.52 | 0.29 | 0.00 | 0.00 |
| Debt / equity | — | — | 0.09 | 0.80 | 0.98 | 0.40 |
| Equity / assets | −2.0% | −2.0% | 80.7% | 38.1% | 39.3% | 63.3% |
| Jun '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $109,825 | $109,825 | $17,076 | $1.4M | $548,331 | $548,331 | $3.0M | $67,686 | $7,048 | $933,469 | $44,854 |
| Cash & equivalents | $109,825 | $109,825 | $17,076 | $1.4M | $548,331 | $548,331 | $3.0M | $67,686 | $7,048 | $933,469 | $44,854 |
| Short-term investments | — | — | −$1.5M | — | $452,975 | — | $889,751 | $181,773 | $768,062 | $688,926 | — |
| Receivables | $226,128 | $226,128 | $840,518 | $493,353 | $236,369 | $236,369 | $518,894 | $401,335 | $507,968 | $281,543 | $226,759 |
| Inventory | $2.5M | $2.5M | $909,750 | $1.2M | $645,132 | $645,132 | $798,508 | $520,326 | $619,045 | $198,936 | $170,726 |
| Other current assets | $400,715 | $400,715 | $1.4M | $1.4M | $477,975 | $477,975 | $906,503 | $220,743 | $786,159 | $703,690 | $0 |
| Total current assets | $3.3M | $3.3M | $3.2M | $4.4M | $1.9M | $1.9M | $5.2M | $1.2M | $1.9M | $2.1M | $442,339 |
| Property, plant & equipment (net) | $11.9M | $11.9M | $9.3M | $7.6M | $7.6M | $7.6M | $8.8M | $5.3M | $5.4M | $5.5M | $5.4M |
| Goodwill & intangible assets | $2.8M | $2.8M | $0 | $0 | $2,661 | $2,661 | $649,899 | $0 | $403,637 | $0 | $0 |
| Long-term investments | $0 | $0 | $1.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $249,634 | $568,357 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $18.0M | $18.0M | $14.4M | $12.6M | $9.5M | $9.5M | $14.7M | $6.5M | $7.3M | $7.6M | $5.9M |
| Liabilities | |||||||||||
| Accounts payable | $3.3M | $3.3M | $752,445 | $372,714 | $378,436 | $397,718 | $326,586 | $507,574 | $724,081 | $260,205 | $114,626 |
| Short-term debt | $7.8M | — | $3.6M | $501,343 | $394,104 | — | $283,411 | $1.7M | $2.0M | $1.8M | $2.2M |
| Deferred revenue | $1.7M | — | $806,029 | $861,314 | $838,164 | — | $1.0M | $1.1M | $1.7M | $2.1M | — |
| Total current liabilities | $12.9M | $12.9M | $5.5M | $1.8M | $1.5M | $1.5M | $1.6M | $3.3M | $4.4M | $4.2M | $3.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $142,770 | $158,328 | $168,328 | $168,328 | $168,328 | $0 |
| Lease obligations | — | $6.5M | $285,502 | $313,541 | $341,147 | $368,328 | $394,147 | $419,568 | $444,597 | $469,240 | — |
| Other long-term liabilities | $5.9M | $5.9M | $170,576 | $200,450 | $401,546 | $258,776 | $286,302 | $313,388 | $340,041 | $366,271 | $391,163 |
| Total liabilities | $18.8M | $18.8M | $5.7M | $2.0M | $1.9M | $1.9M | $2.1M | $3.8M | $4.9M | $4.7M | $3.5M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $2,927 | — | $28,926 | $28,343 | $23,436 | — | $23,373 | $19,960 | $19,696 | $19,696 | $18,396 |
| Retained earnings (deficit) | −$23.6M | −$23.6M | −$16.6M | −$14.4M | −$10.5M | −$10.5M | −$5.5M | −$4.4M | −$4.3M | −$3.5M | −$2.8M |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | $0 | — | $0 | $0 | — |
| Total shareholders' equity | −$367,812 | −$367,812 | $9.0M | $10.7M | $7.7M | $7.7M | $12.6M | $2.7M | $2.4M | $2.9M | $2.3M |
| Key figures | |||||||||||
| Total debt | $13.7M | — | $3.7M | $701,793 | $686,098 | $142,770 | $728,041 | $2.2M | $2.5M | $2.3M | $2.6M |
| Net cash (debt) | −$13.6M | — | −$3.7M | $684,318 | −$137,767 | $405,561 | $2.2M | −$2.1M | −$2.5M | −$1.4M | −$2.5M |
| Working capital | −$9.6M | −$9.6M | −$2.3M | $2.6M | $387,373 | $387,373 | $3.6M | −$2.1M | −$2.4M | −$2.1M | −$2.7M |
| Tangible book value | −$3.2M | −$3.2M | $9.0M | $10.7M | $7.7M | $7.7M | $11.9M | $2.7M | $2.0M | $2.9M | $2.3M |
| Book value per share | — | −$0.13 | — | — | — | $3.27 | — | — | — | — | — |
| Shares outstanding | — | 2.9M | — | — | — | 2.3M | — | — | — | — | — |
| Current ratio | 0.25 | 0.25 | 0.58 | 2.46 | 1.25 | 1.25 | 3.17 | 0.37 | 0.44 | 0.51 | 0.14 |
| Quick ratio | 0.03 | 0.03 | 0.16 | 1.04 | 0.52 | 0.52 | 2.13 | 0.14 | 0.12 | 0.29 | 0.09 |
| Debt / equity | — | — | 0.42 | 0.07 | 0.09 | 0.02 | 0.06 | 0.80 | 1.02 | 0.80 | 1.09 |
| Equity / assets | −2.0% | −2.0% | 62.0% | 85.3% | 80.7% | 80.7% | 85.8% | 42.0% | 33.3% | 38.1% | 39.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 9, 2024); data from EODHD.
HPCO financial position
At the end of fiscal 2024 (December 31, 2024), Hempacco had total assets of $18.0 million (up 0.0% from a year earlier), total liabilities of $18.8 million and shareholders' equity of -$0.4 million. It held $0.1 million in cash and short-term investments against $13.7 million of debt, net debt of $13.6 million. Its current ratio was 0.25.
Related: HPCO income statement, HPCO cash flow statement, HPCO key metrics. See the HPCO stock overview for the latest quote and news.
HPCO balance sheet FAQ
What are Hempacco's total assets?
Hempacco reported total assets of $18.0 million at the end of fiscal 2024 (December 31, 2024), compared with $18.0 million a year earlier.
How much debt does Hempacco have?
Hempacco had $13.7 million of total debt at the end of fiscal 2024, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Hempacco have?
Hempacco held $0.1 million in cash and short-term investments at the end of fiscal 2024; with $13.7 million of debt that is net debt of $13.6 million.
What is Hempacco's book value?
Hempacco's shareholders' equity (book value) was -$0.4 million at the end of fiscal 2024.
What is Hempacco's current ratio?
Hempacco had current assets of $3.3 million and current liabilities of $12.9 million, a current ratio of 0.25 (current liabilities exceed current assets).
How much goodwill does Hempacco have?
Hempacco carried $2.8 million of goodwill and intangible assets, 15.6% of total assets, at the end of fiscal 2024.