Incannex Healthcare Limited (IXHL) Balance Sheet
IXHL balance sheet, FY2026
June 30, 2026 · U.S. dollars$73.0M assets = $5.6M liabilities + $67.4M equity
Both columns are drawn to the same scale: what IXHL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IXHL financial health
Descriptive bands, not a rating. Fiscal FY2026.
IXHL balance sheet trends, FY2025–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.4MFY2025 | $73.0MFY2026 | +256.9%/yr | |
| Total liabilities | $7.1MFY2025 | $5.6MFY2026 | −20.6%/yr | |
| Shareholders’ equity | $13.4MFY2025 | $67.4MFY2026 | +403.2%/yr | |
| Cash & short-term investments | $15.0MFY2025 | $67.7MFY2026 | +350.2%/yr | |
| Total debt | $258,000FY2025 | $96,000FY2026 | −62.8%/yr | |
| Net cash (debt) | $14.8MFY2025 | $67.6MFY2026 | +$52.8M | |
| Working capital | $13.0MFY2025 | $71.3MFY2026 | +$58.4M | |
| Debt / equity | 0.02FY2025 | 0.00FY2026 | −0.02 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IXHL assets
IXHL liabilities and equity
IXHL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IXHL balance sheet
| FY2026 | FY2025 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $67.7M | $15.0M |
| Cash & equivalents | $67.7M | $15.0M |
| Receivables | $0 | $4.6M |
| Inventory | $0 | $0 |
| Other current assets | $5.1M | $297,000 |
| Total current assets | $72.8M | $20.0M |
| Property, plant & equipment (net) | $101,000 | $485,000 |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $51,000 | $0 |
| Total assets | $73.0M | $20.4M |
| Liabilities | ||
| Accounts payable | — | $6.1M |
| Short-term debt | $62,000 | $184,000 |
| Total current liabilities | $1.5M | $7.0M |
| Long-term debt | $0 | $0 |
| Other long-term liabilities | $4.1M | $74,000 |
| Total liabilities | $5.6M | $7.1M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $38,000 | $20,000 |
| Retained earnings (deficit) | −$176.9M | −$157.6M |
| Accumulated other comprehensive income | — | −$3.1M |
| Total shareholders' equity | $67.4M | $13.4M |
| Key figures | ||
| Total debt | $96,000 | $258,000 |
| Net cash (debt) | $67.6M | $14.8M |
| Working capital | $71.3M | $13.0M |
| Tangible book value | $67.4M | $13.4M |
| Book value per share | $5.78 | — |
| Shares outstanding | 11.7M | — |
| Current ratio | 48.81 | 2.86 |
| Quick ratio | 45.38 | 2.82 |
| Debt / equity | 0.00 | 0.02 |
| Equity / assets | 92.3% | 65.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $67.7M | $74.5M | $68.9M | $73.3M | $15.0M | $6.7M | $2.1M | $3.6M |
| Cash & equivalents | $67.7M | $74.5M | $68.9M | $73.3M | $15.0M | $6.7M | $2.1M | $3.6M |
| Receivables | $0 | $5.2M | $5.3M | $0 | $4.6M | $0 | $6.8M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $5.1M | $405,000 | $479,000 | $5.0M | $297,000 | $8.9M | $1.6M | $11.6M |
| Total current assets | $72.8M | $80.1M | $74.7M | $78.3M | $20.0M | $15.6M | $10.5M | $15.2M |
| Property, plant & equipment (net) | $101,000 | $47,000 | $271,000 | $380,000 | $485,000 | $568,000 | $602,000 | $839,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $27,000 | $57,000 | $45,000 | $0 | $0 | $0 | $0 |
| Other non-current assets | $51,000 | $114,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $73.0M | $80.3M | $75.0M | $78.7M | $20.4M | $16.2M | $11.1M | $16.0M |
| Liabilities | ||||||||
| Accounts payable | — | $1.6M | $1.2M | $1.3M | $6.1M | $1.0M | $818,000 | $1.5M |
| Short-term debt | $62,000 | $72,000 | $110,000 | — | $184,000 | — | $1.6M | — |
| Deferred revenue | — | — | $30,000 | — | — | — | $27,000 | — |
| Total current liabilities | $1.5M | $1.9M | $1.5M | $1.6M | $7.0M | $7.4M | $5.8M | $9.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $2.4M | $0 |
| Lease obligations | — | $114,000 | $163,000 | $210,000 | — | $290,000 | $329,000 | $411,000 |
| Other long-term liabilities | $4.1M | $3.1M | $53,000 | $64,000 | $74,000 | $1.4M | $1.9M | $221,000 |
| Total liabilities | $5.6M | $5.0M | $1.6M | $1.7M | $7.1M | $8.8M | $10.1M | $9.5M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $38,000 | $41,000 | $36,000 | — | $20,000 | — | $2,000 | — |
| Retained earnings (deficit) | −$176.9M | −$174.4M | −$170.5M | −$164.0M | −$157.6M | −$126.0M | −$122.0M | −$116.1M |
| Accumulated other comprehensive income | — | −$3.7M | −$3.2M | — | −$3.1M | — | −$3.4M | — |
| Total shareholders' equity | $67.4M | $75.2M | $73.4M | $77.0M | $13.4M | $7.4M | $965,000 | $6.6M |
| Key figures | ||||||||
| Total debt | $96,000 | $114,000 | $163,000 | — | $258,000 | — | $4.1M | — |
| Net cash (debt) | $67.6M | $74.3M | $68.7M | — | $14.8M | — | −$2.0M | — |
| Working capital | $71.3M | $78.2M | $73.1M | $76.6M | $13.0M | $8.3M | $4.7M | $6.0M |
| Tangible book value | $67.4M | $75.2M | $73.4M | $77.0M | $13.4M | $7.4M | $965,000 | $6.6M |
| Book value per share | $5.47 | $6.09 | $6.30 | $6.64 | $1.29 | $1.13 | $0.16 | $1.12 |
| Shares outstanding | 12.3M | 12.3M | 11.6M | 11.6M | 10.3M | 6.5M | 5.9M | 5.9M |
| Current ratio | 48.81 | 41.56 | 48.27 | 47.51 | 2.86 | 2.12 | 1.80 | 1.65 |
| Quick ratio | 45.38 | 41.35 | 47.96 | 44.47 | 2.82 | 0.91 | 1.53 | 0.39 |
| Debt / equity | 0.00 | 0.00 | 0.00 | — | 0.02 | — | 4.25 | — |
| Equity / assets | 92.3% | 93.7% | 97.9% | 97.8% | 65.5% | 45.7% | 8.7% | 41.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 25, 2026); data from EODHD.
IXHL financial position
At the end of fiscal 2026 (June 30, 2026), Incannex Healthcare had total assets of $73.0 million (up 256.9% from a year earlier), total liabilities of $5.6 million and shareholders' equity of $67.4 million. It held $67.7 million in cash and short-term investments against $0.1 million of debt, a net cash position of $67.6 million. Its current ratio was 48.81.
Related: IXHL income statement, IXHL cash flow statement, IXHL key metrics. See the IXHL stock overview for the latest quote and news.
IXHL balance sheet FAQ
What are Incannex Healthcare's total assets?
Incannex Healthcare reported total assets of $73.0 million at the end of fiscal 2026 (June 30, 2026), compared with $20.4 million a year earlier.
How much debt does Incannex Healthcare have?
Incannex Healthcare had $0.1 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does Incannex Healthcare have?
Incannex Healthcare held $67.7 million in cash and short-term investments at the end of fiscal 2026; with $0.1 million of debt that is net cash of $67.6 million.
What is Incannex Healthcare's book value?
Incannex Healthcare's shareholders' equity (book value) was $67.4 million at the end of fiscal 2026, or $5.78 per share.
What is Incannex Healthcare's current ratio?
Incannex Healthcare had current assets of $72.8 million and current liabilities of $1.5 million, a current ratio of 48.81 (it can cover its short-term obligations).