Intelligent Group Limited (INTJ) Balance Sheet

NASDAQ: INTJAssets, liabilities, debt and equity over 5 years.

INTJ balance sheet, FY2025

November 30, 2025 · Hong Kong dollars

HK$106.2M assets = HK$5.1M liabilities + HK$101.1M equity

Both columns are drawn to the same scale: what INTJ owns equals what it owes plus shareholders’ equity. Hover a block for its value.

INTJ financial health

Debt / equity0.03

Low leverage · HK$0.03 of debt for each $1 of equity

Equity / assets95.2%

Equity-funded · of assets funded by shareholders

Cash / debt2,523.7%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

INTJ balance sheet trends, FY2020–FY2025

Intelligent Group Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	HK$115.2MFY2020	HK$106.2MFY2025	−2.0%/yr
Total liabilities	HK$15.0MFY2020	HK$5.1MFY2025	−23.7%/yr
Shareholders’ equity	HK$100.1MFY2020	HK$101.1MFY2025	+0.3%/yr
Cash & short-term investments	HK$34.3MFY2020	HK$67.5MFY2025	+18.4%/yr
Total debt	HK$1.8MFY2020	HK$2.7MFY2025	+10.1%/yr
Net cash (debt)	HK$32.5MFY2020	HK$64.8MFY2025	+HK$32.3M
Working capital	HK$90.3MFY2020	HK$90.3MFY2025	−HK$6,679
Debt / equity	0.02FY2020	0.03FY2025	+0.01
Shares outstanding	33KFY2020	1.0MFY2025	+136.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

INTJ assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

INTJ liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

INTJ debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

INTJ balance sheet in Hong Kong dollars

Intelligent Group Limited annual balance sheet
	FY2025	FY2024	FY2023	FY2021	FY2020
Assets
Cash & short-term investments	HK$67.5M	HK$63.5M	HK$25.3M	HK$13.0M	HK$34.3M
Cash & equivalents	HK$67.5M	HK$63.5M	HK$25.3M	HK$13.0M	HK$34.3M
Short-term investments	—	—	−HK$22.1M	—	—
Receivables	HK$24.7M	HK$553,358	HK$5.4M	HK$17.4M	HK$69.7M
Inventory	HK$0	HK$0	HK$0	HK$1	HK$1
Other current assets	HK$1.6M	HK$5.6M	HK$79,604	HK$175,573	HK$1.4M
Total current assets	HK$93.8M	HK$69.7M	HK$30.8M	HK$30.6M	HK$105.4M
Property, plant & equipment (net)	HK$693,507	HK$381,545	HK$9.5M	HK$1.3M	HK$9.8M
Goodwill & intangible assets	HK$0	HK$0	HK$0	HK$0	HK$0
Long-term investments	HK$0	HK$0	HK$0	HK$0	HK$0
Other non-current assets	HK$11.8M	HK$1.7M	HK$0	HK$1	HK$0
Total assets	HK$106.2M	HK$71.7M	HK$34.2M	HK$31.9M	HK$115.2M
Liabilities
Accounts payable	HK$59,201	HK$59,200	HK$476,061	HK$338,744	—
Short-term debt	HK$1.0M	HK$774,411	HK$8.9M	HK$576,753	HK$1.8M
Deferred revenue	—	HK$128,400	HK$1.5M	HK$288,314	HK$541,387
Total current liabilities	HK$3.4M	HK$5.1M	HK$14.2M	HK$3.6M	HK$15.0M
Long-term debt	HK$1.5M	HK$2.0M	HK$2.5M	HK$3.4M	HK$0
Lease obligations	HK$666,475	HK$293,792	HK$1.2M	HK$757,607	HK$234,758
Other long-term liabilities	HK$167,224	HK$0	HK$293,060	HK$255,379	HK$0
Total liabilities	HK$5.1M	HK$7.1M	HK$17.0M	HK$7.3M	HK$15.0M
Shareholders' equity
Common stock & paid-in capital	HK$2,431	HK$1,021	HK$6,824	HK$874	HK$6,774
Retained earnings (deficit)	−HK$3.5M	HK$14.7M	HK$118.2M	HK$22.6M	HK$84.5M
Accumulated other comprehensive income	HK$5,501	—	HK$0	—	HK$0
Total shareholders' equity	HK$101.1M	HK$64.6M	HK$17.1M	HK$24.6M	HK$100.1M
Key figures
Total debt	HK$2.7M	HK$2.8M	HK$11.6M	HK$4.2M	HK$1.8M
Net cash (debt)	HK$64.8M	HK$60.7M	HK$13.6M	HK$8.8M	HK$32.5M
Working capital	HK$90.3M	HK$64.6M	HK$16.5M	HK$26.9M	HK$90.3M
Tangible book value	HK$101.1M	HK$64.6M	HK$17.1M	HK$24.6M	HK$100.1M
Shares outstanding	1.0M	33K	33K	33K	33K
Current ratio	27.28	13.63	2.16	8.37	7.01
Quick ratio	26.82	12.54	2.16	8.33	6.92
Debt / equity	0.03	0.04	0.68	0.17	0.02
Equity / assets	95.2%	90.1%	50.2%	77.1%	86.9%

Intelligent Group Limited quarterly balance sheet
	Aug '26	Feb '26	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24	Feb '24	Nov '23	Aug '23
Assets
Cash & short-term investments	HK$76.1M	HK$67.5M	HK$67.5M	HK$67.5M	HK$65.9M	HK$65.9M	HK$63.5M	HK$63.5M	HK$65.5M	HK$25.3M	HK$25.3M	HK$198.4M
Cash & equivalents	HK$76.1M	HK$67.5M	HK$67.5M	HK$67.5M	HK$65.9M	HK$65.9M	HK$63.5M	HK$63.5M	HK$65.5M	HK$25.3M	HK$25.3M	HK$198.4M
Receivables	HK$20.9M	HK$24.7M	HK$2.4M	HK$2.4M	HK$3.2M	HK$3.2M	HK$2.4M	HK$2.4M	HK$5.6M	HK$5.4M	HK$5.4M	HK$42.5M
Inventory	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	−HK$79,968	HK$1	HK$0	HK$0
Other current assets	HK$140,430	HK$1.6M	HK$23.9M	HK$23.9M	HK$1.9M	HK$1.9M	HK$3.8M	HK$3.8M	HK$1.9M	HK$79,947	HK$80,000	HK$627,396
Total current assets	HK$97.2M	HK$93.8M	HK$93.8M	HK$93.8M	HK$71.0M	HK$71.0M	HK$69.7M	HK$69.7M	HK$72.9M	HK$30.8M	HK$30.8M	HK$241.5M
Property, plant & equipment (net)	HK$434,535	HK$693,507	HK$693,493	HK$693,495	HK$895,077	HK$895,185	HK$381,545	HK$381,533	HK$1.2M	HK$1.2M	HK$1.2M	HK$9.5M
Goodwill & intangible assets	HK$365,374	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$5.6M	HK$0	HK$0	HK$0
Long-term investments	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Other non-current assets	HK$70.2M	HK$11.8M	HK$940,388	HK$940,395	HK$1.2M	HK$1.2M	HK$1.7M	HK$1.7M	HK$0	HK$2.2M	HK$2.2M	HK$17.0M
Total assets	HK$168.1M	HK$106.2M	HK$95.4M	HK$95.4M	HK$73.1M	HK$73.1M	HK$71.7M	HK$71.7M	HK$76.0M	HK$34.2M	HK$34.2M	HK$268.1M
Liabilities
Accounts payable	HK$59,196	HK$59,195	HK$59,200	HK$59,200	HK$59,200	HK$59,206	HK$59,200	HK$59,192	—	HK$3.7M	HK$476,061	—
Short-term debt	HK$927,745	HK$1.0M	—	HK$1.0M	—	HK$2.1M	—	HK$774,387	HK$2.9M	HK$8.9M	HK$460,502	HK$10.4M
Deferred revenue	—	—	—	—	—	HK$128,400	—	—	HK$645,458	HK$1.5M	HK$194,561	—
Total current liabilities	HK$4.1M	HK$3.4M	HK$3.4M	HK$3.4M	HK$6.3M	HK$6.3M	HK$5.1M	HK$5.1M	HK$7.5M	HK$14.2M	HK$14.2M	HK$111.7M
Long-term debt	HK$0	HK$0	HK$1.5M	HK$0	HK$1.8M	HK$0	HK$2.0M	HK$0	HK$2.3M	HK$0	HK$2.5M	HK$0
Lease obligations	—	—	HK$666,475	—	HK$874,708	—	HK$293,792	—	HK$728,867	—	HK$1.2M	—
Other long-term liabilities	HK$1.2M	HK$1.7M	HK$167,179	HK$1.7M	HK$396,246	HK$2.2M	HK$0	HK$2.0M	HK$0	HK$2.8M	HK$293,792	HK$21.9M
Total liabilities	HK$5.4M	HK$5.1M	HK$5.1M	HK$5.1M	HK$8.5M	HK$8.5M	HK$7.1M	HK$7.1M	HK$9.7M	HK$17.0M	HK$17.0M	HK$133.6M
Shareholders' equity
Common stock & paid-in capital	HK$3,371	HK$2,431	—	HK$2,431	—	HK$1,021	—	HK$1,020	HK$7,982	HK$873	HK$874	HK$6,854
Retained earnings (deficit)	−HK$638,350	−HK$3.5M	−HK$3.5M	−HK$3.5M	HK$14.7M	HK$14.7M	HK$14.7M	HK$14.7M	HK$16.4M	HK$15.1M	HK$15.1M	HK$118.7M
Accumulated other comprehensive income	HK$30,910	HK$5,501	—	−HK$10.8M	—	—	—	—	HK$0	HK$0	HK$0	HK$0
Total shareholders' equity	HK$162.8M	HK$101.1M	HK$90.3M	HK$90.3M	HK$64.6M	HK$64.7M	HK$64.6M	HK$64.6M	HK$66.2M	HK$17.1M	HK$17.1M	HK$134.4M
Key figures
Total debt	HK$2.2M	HK$2.7M	HK$1.5M	HK$2.7M	HK$1.8M	HK$4.3M	HK$2.0M	HK$2.8M	HK$3.5M	HK$11.6M	HK$3.2M	HK$32.2M
Net cash (debt)	HK$73.9M	HK$64.8M	HK$66.0M	HK$64.8M	HK$64.1M	HK$61.6M	HK$61.5M	HK$60.7M	HK$62.0M	HK$13.6M	HK$22.0M	HK$166.1M
Working capital	HK$93.1M	HK$90.3M	HK$90.3M	HK$90.3M	HK$64.7M	HK$64.7M	HK$64.6M	HK$64.6M	HK$65.4M	HK$16.5M	HK$16.5M	HK$129.8M
Tangible book value	HK$162.4M	HK$101.1M	HK$90.3M	HK$90.3M	HK$64.6M	HK$64.7M	HK$64.6M	HK$64.6M	HK$60.7M	HK$17.1M	HK$17.1M	HK$134.4M
Shares outstanding	1.6M	1.0M	1.5M	1.4M	656K	33K	656K	33K	33K	28K	13.1M	28K
Current ratio	23.60	27.28	27.28	27.28	11.19	11.19	13.63	13.63	9.74	2.16	2.16	2.16
Quick ratio	23.56	26.82	20.32	20.32	10.90	10.90	12.89	12.89	9.50	2.16	2.16	2.16
Debt / equity	0.01	0.03	0.02	0.03	0.03	0.07	0.03	0.04	0.05	0.68	0.19	0.24
Equity / assets	96.8%	95.2%	94.6%	94.6%	88.4%	88.4%	90.1%	90.1%	87.2%	50.2%	50.2%	50.2%

Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported (latest annual report filed March 31, 2026); data from EODHD.

INTJ financial position

At the end of fiscal 2025 (November 30, 2025), Intelligent had total assets of HK$106.2 million (up 48.1% from a year earlier), total liabilities of HK$5.1 million and shareholders' equity of HK$101.1 million. It held HK$67.5 million in cash and short-term investments against HK$2.7 million of debt, a net cash position of HK$64.8 million. Its current ratio was 27.28. In the latest quarter (ended August 31, 2026) total assets were HK$168.1 million and equity HK$162.8 million.

Related: INTJ income statement, INTJ cash flow statement, INTJ key metrics. See the INTJ stock overview for the latest quote and news.

INTJ balance sheet FAQ

What are Intelligent's total assets?

Intelligent reported total assets of HK$106.2 million at the end of fiscal 2025 (November 30, 2025), compared with HK$71.7 million a year earlier.

How much debt does Intelligent have?

Intelligent had HK$2.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.

How much cash does Intelligent have?

Intelligent held HK$67.5 million in cash and short-term investments at the end of fiscal 2025; with HK$2.7 million of debt that is net cash of HK$64.8 million.

What is Intelligent's book value?

Intelligent's shareholders' equity (book value) was HK$101.1 million at the end of fiscal 2025.

What is Intelligent's current ratio?

Intelligent had current assets of HK$93.8 million and current liabilities of HK$3.4 million, a current ratio of 27.28 (it can cover its short-term obligations).