Kaival Brands Innovations Group, Inc. (KAVL) Balance Sheet
KAVL balance sheet, FY2025
October 31, 2025 · U.S. dollars$669,256 assets = $569,289 liabilities + $99,967 equity
Both columns are drawn to the same scale: what KAVL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KAVL financial health
Current ratio1.18
Adequate · current assets cover current liabilities 1.18×
Equity / assets14.9%
Thin equity · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
KAVL balance sheet trends, FY2010–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.3MFY2010 | $669,256FY2025 | −16.2%/yr | |
| Total liabilities | $3.6MFY2010 | $569,289FY2025 | −18.5%/yr | |
| Shareholders’ equity | −$277,585FY2010 | $99,967FY2025 | — | |
| Cash & short-term investments | $110,074FY2010 | $534,406FY2025 | +19.2%/yr | |
| Total debt | $70,913FY2020 | $1.1MFY2024 | +97.3%/yr | |
| Net cash (debt) | $7.4MFY2020 | $2.8MFY2024 | −$4.5M | |
| Working capital | −$298,035FY2010 | $99,967FY2025 | +$398,002 | |
| Book value per share | $3.20FY2024 | $0.01FY2025 | −99.7%/yr | |
| Current ratio | 0.92FY2010 | 1.18FY2025 | +0.26 | |
| Debt / equity | 0.02FY2020 | 0.08FY2024 | +0.06 | |
| Shares outstanding | 4.3MFY2024 | 11.0MFY2025 | +155.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KAVL assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
KAVL liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
KAVL debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KAVL balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $534,406 | $3.9M | $533,659 | $3.7M | $7.8M | $7.4M | — | — | $37,765 | $110,074 |
| Cash & equivalents | $534,406 | $3.9M | $533,659 | $3.7M | $7.8M | $7.4M | — | — | $37,765 | $110,074 |
| Short-term investments | — | — | — | — | — | $6,383 | — | — | — | — |
| Receivables | $120,000 | $263,571 | $1.9M | $3.7M | $2.0M | $1.4M | $1.4M | $0 | $531,743 | $238,567 |
| Inventory | $0 | $0 | $4.1M | $1.2M | $15.3M | $6,383 | $0 | $0 | $0 | $2.6M |
| Other current assets | $14,850 | $344,312 | $430,668 | $426,407 | $5.1M | $0 | $0 | — | $0 | $310,232 |
| Total current assets | $669,256 | $4.5M | $6.9M | $9.1M | $30.1M | $8.8M | $1.4M | — | $569,508 | $3.3M |
| Property, plant & equipment (net) | $0 | $812,182 | $1.0M | $1.2M | $55,604 | $70,133 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $10.7M | $11.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $1 | $2.2M | $0 | $0 | $0 | $0 | $41,570 | $20,450 |
| Total assets | $669,256 | $16.0M | $19.4M | $12.4M | $30.2M | $8.9M | $0 | $0 | $611,078 | $3.3M |
| Liabilities | ||||||||||
| Accounts payable | $349,289 | $57,496 | $2.8M | $40,023 | $12.9M | $1.4M | — | — | $1.5M | $926,926 |
| Short-term debt | — | $411,553 | $984,039 | $166,051 | $13,020 | $11,709 | — | — | — | — |
| Deferred revenue | — | — | $392,406 | $280,247 | $316,800 | $623,096 | — | — | — | — |
| Total current liabilities | $569,289 | $1.5M | $5.0M | $1.6M | $13.8M | $4.4M | $44,886 | $3,000 | $7.0M | $3.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $866,208 | $1.1M | $1.2M | $59,205 | $70,913 | — | — | — | — |
| Other long-term liabilities | $0 | $662,271 | $866,207 | $1.1M | $46,185 | $59,204 | $0 | $0 | $0 | $0 |
| Total liabilities | $569,289 | $2.2M | $5.8M | $2.6M | $13.9M | $4.5M | $44,886 | $3,000 | $7.0M | $3.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $11,593 | $8,517 | $2,793 | $56,169 | $30,195 | $277,283 | $572,365 | $572,365 | $66,052 | $2.3M |
| Retained earnings (deficit) | −$54.1M | −$37.5M | −$30.8M | −$19.6M | −$5.3M | $3.8M | −$73,225 | −$4,376 | −$9.2M | −$2.6M |
| Accumulated other comprehensive income | — | — | −$2,792 | — | $0 | $0 | −$544,026 | −$570,989 | — | — |
| Total shareholders' equity | $99,967 | $13.8M | $13.6M | $9.8M | $16.3M | $4.4M | −$44,886 | −$3,000 | −$6.4M | −$277,585 |
| Key figures | ||||||||||
| Total debt | — | $1.1M | $1.9M | $1.2M | $59,205 | $70,913 | — | — | — | — |
| Net cash (debt) | — | $2.8M | −$1.3M | $2.5M | $7.7M | $7.4M | — | — | — | — |
| Working capital | $99,967 | $3.0M | $1.9M | $7.5M | $16.3M | $4.4M | $1.4M | — | −$6.4M | −$298,035 |
| Tangible book value | $99,967 | $3.1M | $2.1M | $9.8M | $16.3M | $4.4M | −$44,886 | −$3,000 | −$6.4M | −$277,585 |
| Book value per share | $0.01 | $3.20 | — | — | — | — | — | — | — | — |
| Shares outstanding | 11.0M | 4.3M | — | — | — | — | — | — | — | — |
| Current ratio | 1.18 | 2.95 | 1.39 | 5.72 | 2.18 | 1.99 | 31.57 | — | 0.08 | 0.92 |
| Quick ratio | 1.15 | 2.73 | 0.48 | 4.67 | 0.71 | 1.99 | 31.57 | 0.00 | 0.08 | 0.10 |
| Debt / equity | — | 0.08 | 0.14 | 0.12 | 0.00 | 0.02 | — | — | — | — |
| Equity / assets | 14.9% | 86.3% | 69.9% | 78.8% | 54.1% | 49.6% | — | — | −1,046.1% | −8.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $133,221 | $277,951 | $797,500 | $534,406 | $1.3M | $1.8M | $2.4M | $3.9M | $4.5M | $488,083 | $591,293 | $533,659 |
| Cash & equivalents | $133,221 | $277,951 | $797,500 | $534,406 | $1.3M | $1.8M | $2.4M | $3.9M | $4.5M | $488,083 | $591,293 | $533,659 |
| Receivables | $135,254 | $130,000 | $120,000 | $120,000 | $120,000 | $70,000 | $206,857 | $263,571 | $522,183 | $651,119 | $743,961 | $1.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200,364 | $598,162 | $2.3M | $4.1M |
| Other current assets | $8,250 | $15,806 | $13,930 | $14,850 | $22,083 | $65,492 | $189,883 | $344,312 | $551,819 | $164,289 | $369,027 | $430,668 |
| Total current assets | $276,725 | $423,757 | $931,430 | $669,256 | $1.4M | $1.9M | $2.8M | $4.5M | $5.8M | $1.9M | $4.0M | $6.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $761,080 | $812,182 | $862,737 | $912,753 | $962,262 | $1.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $10.1M | $10.3M | $10.5M | $0 | $10.9M | $11.1M | $11.3M | $11.5M |
| Long-term investments | $21,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.7M | $0 | $0 | $0 | $1 |
| Total assets | $297,725 | $423,757 | $931,430 | $669,256 | $11.5M | $12.2M | $14.1M | $16.0M | $17.5M | $13.9M | $16.3M | $19.4M |
| Liabilities | ||||||||||||
| Accounts payable | $437,132 | $339,419 | $339,362 | $349,289 | $258,075 | $105,660 | $5,635 | $57,496 | $1.6M | $1.8M | $1.7M | $2.8M |
| Short-term debt | — | — | — | — | $213,952 | $213,954 | $252,584 | — | $570,578 | $476,004 | $1.0M | $984,039 |
| Deferred revenue | — | — | — | — | — | — | — | — | $461,718 | $1 | $50,000 | $392,406 |
| Total current liabilities | $542,132 | $444,419 | $434,362 | $569,289 | $864,590 | $1.0M | $825,407 | $1.5M | $3.3M | $3.3M | $3.7M | $5.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $0 | $767,450 | $767,452 | $817,107 | $866,208 | $914,761 | $961,592 | $1.0M | $1.1M |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $553,498 | $553,498 | $608,190 | $662,271 | $715,749 | $767,449 | $817,106 | $866,206 |
| Total liabilities | $542,132 | $444,419 | $434,362 | $569,289 | $1.4M | $1.6M | $1.4M | $2.2M | $4.0M | $4.0M | $4.5M | $5.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19,535 | $19,535 | $13,535 | $11,593 | $11,542 | $11,542 | $11,542 | — | $6,784 | $2,863 | $2,863 | $2,793 |
| Retained earnings (deficit) | −$55.5M | −$55.3M | −$54.7M | −$54.1M | −$44.1M | −$43.5M | −$41.5M | −$37.5M | −$36.0M | −$34.4M | −$32.9M | −$30.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | −$900 | −$900 | −$2,863 | −$2,792 |
| Total shareholders' equity | −$244,407 | −$20,662 | $497,068 | $99,967 | $10.1M | $10.6M | $12.6M | $13.8M | $13.5M | $9.9M | $11.7M | $13.6M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | $767,450 | $767,452 | $860,774 | — | $1.3M | $1.2M | $1.8M | $1.9M |
| Net cash (debt) | — | — | — | — | $501,476 | $1.0M | $1.6M | — | $3.2M | −$755,370 | −$1.2M | −$1.3M |
| Working capital | −$265,407 | −$20,662 | $497,068 | $99,967 | $546,419 | $906,727 | $2.0M | $3.0M | $2.5M | −$1.4M | $330,917 | $1.9M |
| Tangible book value | −$244,407 | −$20,662 | $497,068 | $99,967 | −$7,079 | $353,229 | $2.2M | $13.8M | $2.7M | −$1.2M | $476,073 | $2.1M |
| Book value per share | −$0.02 | −$0.00 | $0.04 | $0.01 | $0.87 | $2.47 | $2.93 | $1.62 | $3.02 | — | — | — |
| Shares outstanding | 15.1M | 15.6M | 13.1M | 11.0M | 11.5M | 4.3M | 4.3M | 8.5M | 4.5M | — | — | — |
| Current ratio | 0.51 | 0.95 | 2.14 | 1.18 | 1.63 | 1.88 | 3.42 | 2.95 | 1.76 | 0.58 | 1.09 | 1.39 |
| Quick ratio | 0.50 | 0.92 | 2.11 | 1.15 | 1.61 | 1.81 | 3.19 | 2.73 | 1.53 | 0.35 | 0.36 | 0.48 |
| Debt / equity | — | — | — | — | 0.08 | 0.07 | 0.07 | — | 0.10 | 0.13 | 0.16 | 0.14 |
| Equity / assets | −82.1% | −4.9% | 53.4% | 14.9% | 87.7% | 87.0% | 89.8% | 86.3% | 77.2% | 71.0% | 72.2% | 69.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 29, 2026); data from EODHD.
KAVL financial position
At the end of fiscal 2025 (October 31, 2025), Kaival Brands Innovations had total assets of $0.7 million (down 95.8% from a year earlier), total liabilities of $0.6 million and shareholders' equity of $0.1 million. Its current ratio was 1.18. In the latest quarter (ended July 31, 2026) total assets were $0.3 million and equity -$0.2 million.
Related: KAVL income statement, KAVL cash flow statement, KAVL key metrics. See the KAVL stock overview for the latest quote and news.
KAVL balance sheet FAQ
What are Kaival Brands Innovations's total assets?
Kaival Brands Innovations reported total assets of $0.7 million at the end of fiscal 2025 (October 31, 2025), compared with $16.0 million a year earlier.
How much cash does Kaival Brands Innovations have?
Kaival Brands Innovations held $0.5 million in cash and short-term investments at the end of fiscal 2025.
What is Kaival Brands Innovations's book value?
Kaival Brands Innovations's shareholders' equity (book value) was $0.1 million at the end of fiscal 2025, or $0.01 per share.
What is Kaival Brands Innovations's current ratio?
Kaival Brands Innovations had current assets of $0.7 million and current liabilities of $0.6 million, a current ratio of 1.18 (it can cover its short-term obligations).