Caravelle International Group (HTCO) Balance Sheet
HTCO balance sheet, FY2025
October 31, 2025 · U.S. dollars$32.4M assets = $19.8M liabilities + $12.6M equity
Both columns are drawn to the same scale: what HTCO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HTCO financial health
Descriptive bands, not a rating. Fiscal FY2025.
HTCO balance sheet trends, FY2020–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $16.2MFY2020 | $32.4MFY2025 | +14.8%/yr | |
| Total liabilities | $22.9MFY2020 | $19.8MFY2025 | −2.9%/yr | |
| Shareholders’ equity | −$4.8MFY2020 | $7.9MFY2025 | — | |
| Cash & short-term investments | $8.1MFY2020 | $10.1MFY2025 | +4.6%/yr | |
| Total debt | $9.7MFY2020 | $130,662FY2025 | −57.7%/yr | |
| Net cash (debt) | −$1.6MFY2020 | $10.0MFY2025 | +$11.6M | |
| Working capital | −$3.9MFY2020 | $10.6MFY2025 | +$14.5M | |
| Book value per share | $1.13FY2022 | $1.44FY2025 | +8.3%/yr | |
| Current ratio | 0.79FY2020 | 1.54FY2025 | +0.74 | |
| Debt / equity | 18.51FY2021 | 0.02FY2025 | −18.49 | |
| Shares outstanding | 4.0MFY2022 | 5.5MFY2025 | +11.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HTCO assets
HTCO liabilities and equity
HTCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HTCO balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $10.1M | $6.9M | $2.2M | $21.6M | $10.4M | $8.1M |
| Cash & equivalents | $10.1M | $6.9M | $2.2M | $21.6M | $10.4M | $8.1M |
| Short-term investments | — | — | — | $58.9M | $58.1M | — |
| Receivables | $10.1M | $7.6M | $987,967 | $4.9M | $7.8M | $2.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $10.1M | $11.4M | $3.6M | $6.9M | $7.9M | $4.2M |
| Total current assets | $30.3M | $25.9M | $6.8M | $33.4M | $26.1M | $14.9M |
| Property, plant & equipment (net) | $108,896 | $23,608 | $766,641 | $604,126 | $123,780 | $106,908 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.0M | $3.3M | $894,561 | $1.5M | $946,272 | $1.2M |
| Total assets | $32.4M | $29.2M | $8.4M | $35.6M | $27.2M | $16.2M |
| Liabilities | ||||||
| Accounts payable | $1.1M | $569,188 | $261,144 | $750,471 | $488,442 | $305,077 |
| Short-term debt | $77,596 | $6.1M | $4.2M | $3.3M | $7.4M | $5.6M |
| Deferred revenue | $16.7M | $5.8M | $3.5M | $10.1M | $6.2M | $5.8M |
| Total current liabilities | $19.7M | $19.6M | $14.1M | $23.2M | $20.4M | $18.8M |
| Long-term debt | $0 | $916,923 | $1.5M | $2.4M | $3.4M | $4.1M |
| Lease obligations | $104,129 | $23,407 | $200,077 | $0 | — | — |
| Other long-term liabilities | $26,533 | $107 | $109,709 | $1,293 | $1,634 | $1,426 |
| Total liabilities | $19.8M | $20.5M | $15.7M | $25.5M | $23.8M | $22.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $16,833 | $11,790 | $5,278 | $5,000 | $50,000 | $50,000 |
| Retained earnings (deficit) | −$51.4M | −$28.6M | −$5.0M | $4.4M | $433,784 | −$4.9M |
| Minority interest | $4.7M | $3.4M | −$1.9M | $5.5M | — | — |
| Total shareholders' equity | $7.9M | $5.4M | −$5.4M | $4.5M | $583,915 | −$4.8M |
| Key figures | ||||||
| Total debt | $130,662 | $7.0M | $5.8M | $5.6M | $10.8M | $9.7M |
| Net cash (debt) | $10.0M | −$150,000 | −$3.6M | $16.0M | −$453,403 | −$1.6M |
| Working capital | $10.6M | $6.3M | −$7.3M | $10.2M | $5.7M | −$3.9M |
| Tangible book value | $7.9M | $5.4M | −$5.4M | $4.5M | $583,915 | −$4.8M |
| Book value per share | $1.44 | $1.14 | −$1.29 | $1.13 | — | — |
| Shares outstanding | 5.5M | 4.7M | 4.2M | 4.0M | — | — |
| Current ratio | 1.54 | 1.32 | 0.48 | 1.44 | 1.28 | 0.79 |
| Quick ratio | 1.02 | 0.74 | 0.23 | 1.14 | 0.89 | 0.57 |
| Debt / equity | 0.02 | 1.31 | — | 1.24 | 18.51 | — |
| Equity / assets | 24.3% | 18.4% | −64.1% | 12.7% | 2.1% | −29.8% |
| Apr '26 | Oct '25 | Apr '25 | Oct '24 | Apr '24 | Oct '23 | Apr '23 | Oct '22 | Apr '22 | Oct '21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $17.3M | $10.1M | $13.2M | $6.9M | $3.4M | $2.2M | $9.6M | $21.6M | $22.3M | $10.4M |
| Cash & equivalents | $17.3M | $10.1M | $13.2M | $6.9M | $3.4M | $2.2M | $9.6M | $21.6M | $22.3M | $10.4M |
| Short-term investments | — | — | — | — | — | — | — | $58.9M | $58.2M | $58.1M |
| Receivables | $6.6M | $10.1M | $3.9M | $7.6M | $4.0M | $987,967 | $659,787 | $4.9M | $14.8M | $7.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $8.4M | $10.1M | $14.3M | $11.4M | $3.7M | $3.6M | $1.8M | $6.9M | $9.3M | $7.9M |
| Total current assets | $32.4M | $30.3M | $31.5M | $25.9M | $11.1M | $6.8M | $12.1M | $33.4M | $46.4M | $26.1M |
| Property, plant & equipment (net) | $3,993 | $108,896 | $145,646 | $23,608 | $712,552 | $766,641 | $772,067 | $604,126 | $102,385 | $123,780 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.5M | $2.0M | $10.1M | $3.3M | $1.6M | $894,561 | $846,708 | $1.5M | $871,490 | $946,272 |
| Total assets | $33.8M | $32.4M | $41.7M | $29.2M | $13.4M | $8.4M | $13.7M | $35.6M | $47.4M | $27.2M |
| Liabilities | ||||||||||
| Accounts payable | $1.3M | $1.1M | $881,536 | $569,188 | $9,210 | $261,144 | $382,933 | $750,471 | $2.8M | $488,442 |
| Short-term debt | $67,115 | $77,596 | $236,458 | $6.1M | $2.6M | $4.2M | $1.5M | $3.3M | $2.6M | $7.4M |
| Deferred revenue | $8.0M | $16.7M | $6.9M | $5.8M | $3.4M | $3.5M | $4.1M | $10.1M | $17.2M | $6.2M |
| Total current liabilities | $22.1M | $19.7M | $15.3M | $19.6M | $19.1M | $14.1M | $10.6M | $23.2M | $26.1M | $20.4M |
| Long-term debt | $0 | $0 | $916,923 | $916,923 | $998,195 | $1.5M | $2.5M | $0 | $0 | $0 |
| Lease obligations | — | $104,129 | $140,476 | $23,407 | $155,885 | $200,077 | — | — | — | — |
| Other long-term liabilities | $0 | $26,533 | $65,397 | $107 | $63,356 | $109,709 | $0 | $2.4M | $2.9M | $3.4M |
| Total liabilities | $22.1M | $19.8M | $16.2M | $20.5M | $20.1M | $15.7M | $12.3M | $25.5M | $29.0M | $23.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $16,890 | $16,833 | $14,251 | $11,790 | $5,430 | $5,278 | $5,278 | $5,000 | $50,000 | $50,000 |
| Retained earnings (deficit) | −$56.0M | −$51.4M | −$44.8M | −$28.6M | −$5.7M | −$5.0M | $57,899 | $4.4M | $9.3M | $433,784 |
| Minority interest | — | $4.7M | $4.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $6.0M | $7.9M | $21.2M | $5.4M | −$5.3M | −$5.4M | −$394,006 | $4.5M | $9.4M | $583,915 |
| Key figures | ||||||||||
| Total debt | $67,115 | $130,662 | $1.2M | $7.0M | $3.7M | $5.8M | $3.2M | $5.6M | $5.4M | $10.8M |
| Net cash (debt) | $17.3M | $10.0M | $12.0M | −$150,000 | −$316,911 | −$3.6M | $6.4M | $16.0M | $16.9M | −$453,403 |
| Working capital | $10.3M | $10.6M | $16.2M | $6.3M | −$7.9M | −$7.3M | $1.5M | $10.2M | $20.3M | $5.7M |
| Tangible book value | $6.0M | $7.9M | $21.2M | $5.4M | −$5.3M | −$5.4M | −$394,006 | $4.5M | $9.4M | $583,915 |
| Book value per share | $0.88 | $1.19 | $4.29 | $2.27 | −$2.53 | — | — | $1.13 | — | — |
| Shares outstanding | 6.8M | 6.6M | 4.9M | 2.4M | 2.1M | — | — | 4.0M | — | — |
| Current ratio | 1.46 | 1.54 | 2.06 | 1.32 | 0.58 | 0.48 | 1.15 | 1.44 | 1.78 | 1.28 |
| Quick ratio | 1.08 | 1.02 | 1.12 | 0.74 | 0.39 | 0.23 | 0.97 | 1.14 | 1.42 | 0.89 |
| Debt / equity | 0.01 | 0.02 | 0.06 | 1.31 | — | — | — | 1.24 | 0.58 | 18.51 |
| Equity / assets | 17.6% | 24.3% | 50.8% | 18.4% | −39.8% | −64.1% | −2.9% | 12.7% | 19.9% | 2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 31, 2025); data from EODHD.
HTCO financial position
At the end of fiscal 2025 (October 31, 2025), Caravelle International had total assets of $32.4 million (up 10.8% from a year earlier), total liabilities of $19.8 million and shareholders' equity of $7.9 million. It held $10.1 million in cash and short-term investments against $0.1 million of debt, a net cash position of $10.0 million. Its current ratio was 1.54. In the latest quarter (ended April 30, 2026) total assets were $33.8 million and equity $6.0 million.
Related: HTCO income statement, HTCO cash flow statement, HTCO key metrics. See the HTCO stock overview for the latest quote and news.
HTCO balance sheet FAQ
What are Caravelle International's total assets?
Caravelle International reported total assets of $32.4 million at the end of fiscal 2025 (October 31, 2025), compared with $29.2 million a year earlier.
How much debt does Caravelle International have?
Caravelle International had $0.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does Caravelle International have?
Caravelle International held $10.1 million in cash and short-term investments at the end of fiscal 2025; with $0.1 million of debt that is net cash of $10.0 million.
What is Caravelle International's book value?
Caravelle International's shareholders' equity (book value) was $7.9 million at the end of fiscal 2025, or $1.44 per share.
What is Caravelle International's current ratio?
Caravelle International had current assets of $30.3 million and current liabilities of $19.7 million, a current ratio of 1.54 (it can cover its short-term obligations).