Magic Empire Global Limited (MEGL) Balance Sheet

NASDAQ: MEGLAssets, liabilities, debt and equity over 6 years.

MEGL balance sheet, 2025

December 31, 2025 · Hong Kong dollars

HK$125.8M assets = HK$4.6M liabilities + HK$121.2M equity

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

MEGL financial health

Debt / equity0.03

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

Equity / assets96.3%

Equity-funded · of assets funded by shareholders

Cash / debt3,940.9%

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

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

MEGL balance sheet trends, 2020–2025

Magic Empire Global Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	HK$16.3M2020	HK$125.8M2025	+50.4%/yr
Total liabilities	HK$12.4M2020	HK$4.6M2025	−18.0%/yr
Shareholders’ equity	HK$3.9M2020	HK$121.2M2025	+98.5%/yr
Cash & short-term investments	HK$7.9M2020	HK$120.7M2025	+72.6%/yr
Total debt	HK$2.4M2020	HK$3.1M2025	+5.1%/yr
Net cash (debt)	HK$5.5M2020	HK$117.7M2025	+HK$112.2M
Working capital	HK$901,3652020	HK$119.0M2025	+HK$118.1M
Debt / equity	0.612020	0.032025	−0.58
Shares outstanding	20.0M2020	5.1M2025	−24.0%/yr

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

MEGL assets

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

MEGL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MEGL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

MEGL balance sheet in Hong Kong dollars

Magic Empire Global Limited annual balance sheet
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	HK$120.7M	HK$127.5M	HK$92.4M	HK$121.8M	HK$11.7M	HK$7.9M
Cash & equivalents	HK$120.7M	HK$127.5M	HK$92.4M	HK$121.8M	HK$11.7M	HK$7.9M
Receivables	HK$458,418	HK$2.2M	HK$2.8M	HK$3.2M	HK$5.2M	HK$4.1M
Inventory	HK$0	HK$0	HK$0	−HK$4.9M	HK$0	HK$0
Other current assets	HK$988,074	HK$885,000	HK$1.1M	HK$6.0M	HK$0	HK$1.4M
Total current assets	HK$122.2M	HK$130.6M	HK$96.3M	HK$126.1M	HK$11.7M	HK$13.3M
Property, plant & equipment (net)	HK$3.7M	HK$5.5M	HK$3.4M	HK$3.6M	HK$5.5M	HK$3.0M
Goodwill & intangible assets	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Long-term investments	HK$0	HK$0	HK$38.6M	HK$14.5M	HK$0	HK$0
Other non-current assets	HK$9	HK$0	HK$0	HK$0	HK$8.5M	HK$0
Total assets	HK$125.8M	HK$136.1M	HK$138.3M	HK$144.1M	HK$25.7M	HK$16.3M
Liabilities
Accounts payable	—	—	—	−HK$8.0M	—	—
Short-term debt	HK$1.6M	HK$1.2M	HK$1.7M	HK$1.9M	HK$1.8M	HK$2.4M
Deferred revenue	HK$858,910	HK$1.6M	HK$1.2M	HK$3.1M	HK$3.3M	HK$3.3M
Total current liabilities	HK$3.1M	HK$3.5M	HK$4.0M	HK$6.0M	HK$16.5M	HK$12.4M
Long-term debt	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Lease obligations	HK$3.1M	HK$4.3M	HK$1.7M	HK$3.7M	HK$5.5M	HK$2.4M
Other long-term liabilities	HK$1.5M	HK$3.1M	HK$2.9M	HK$1.7M	HK$3.7M	HK$12.4M
Total liabilities	HK$4.6M	HK$6.6M	HK$4.0M	HK$7.8M	HK$20.2M	HK$12.4M
Shareholders' equity
Common stock & paid-in capital	HK$15,824	HK$15,826	HK$15,826	HK$15,826	HK$11,700	HK$11,700
Retained earnings (deficit)	−HK$17.4M	−HK$9.1M	−HK$4.4M	−HK$2.3M	HK$5.5M	HK$3.9M
Accumulated other comprehensive income	—	—	HK$0	HK$0	—	—
Total shareholders' equity	HK$121.2M	HK$129.5M	HK$134.3M	HK$136.3M	HK$5.5M	HK$3.9M
Key figures
Total debt	HK$3.1M	HK$4.3M	HK$1.7M	HK$3.7M	HK$5.5M	HK$2.4M
Net cash (debt)	HK$117.7M	HK$123.2M	HK$90.7M	HK$118.2M	HK$6.2M	HK$5.5M
Working capital	HK$119.0M	HK$127.1M	HK$92.3M	HK$120.0M	−HK$4.8M	HK$901,365
Tangible book value	HK$121.2M	HK$129.5M	HK$134.3M	HK$136.3M	HK$5.5M	HK$3.9M
Shares outstanding	5.1M	5.1M	5.1M	17.1M	15.0M	20.0M
Current ratio	38.87	36.88	24.13	20.91	0.71	1.07
Quick ratio	38.55	36.63	23.85	20.74	1.02	0.96
Debt / equity	0.03	0.03	0.01	0.03	0.99	0.61
Equity / assets	96.3%	95.1%	97.1%	94.6%	21.4%	24.1%

Magic Empire Global Limited quarterly balance sheet
	Mar '26	Dec '25	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23	Jun '23	Mar '23	Dec '22	Jun '22
Assets
Cash & short-term investments	HK$120.7M	HK$120.7M	HK$122.5M	HK$127.5M	HK$127.5M	HK$92.7M	HK$92.4M	HK$92.4M	HK$94.3M	HK$121.8M	HK$121.8M	HK$6.4M
Cash & equivalents	HK$120.7M	HK$120.7M	HK$122.5M	HK$127.5M	HK$127.5M	HK$92.7M	HK$92.4M	HK$92.4M	HK$94.3M	HK$121.8M	HK$121.8M	HK$6.4M
Receivables	HK$458,418	HK$451,927	HK$2.9M	HK$2.2M	HK$1.8M	HK$2.0M	HK$2.8M	HK$2.3M	HK$2.0M	HK$3.2M	HK$3.2M	HK$5.6M
Inventory	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 current assets	HK$988,074	HK$994,711	HK$987,978	HK$885,000	HK$1.3M	HK$1.1M	HK$0	HK$1.5M	HK$0	HK$795,393	HK$1.1M	HK$3.3M
Total current assets	HK$122.2M	HK$122.2M	HK$126.5M	HK$130.6M	HK$130.6M	HK$95.7M	HK$92.4M	HK$96.3M	HK$94.3M	HK$125.8M	HK$126.1M	HK$15.3M
Property, plant & equipment (net)	HK$3.7M	HK$3.7M	HK$4.6M	HK$5.5M	HK$5.5M	HK$2.2M	HK$3.4M	HK$3.4M	HK$3.0M	HK$3.6M	HK$3.6M	HK$4.5M
Goodwill & intangible assets	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Long-term investments	HK$0	HK$0	HK$0	HK$0	HK$0	HK$38.6M	HK$0	HK$38.6M	HK$40.6M	HK$0	HK$14.5M	HK$0
Other non-current assets	HK$9	HK$0	HK$0	HK$0	HK$0	HK$0	HK$42.5M	HK$0	HK$4.6M	HK$14.8M	HK$0	HK$391,820
Total assets	HK$125.8M	HK$125.8M	HK$131.0M	HK$136.1M	HK$136.1M	HK$136.6M	HK$138.3M	HK$138.3M	HK$142.5M	HK$144.1M	HK$144.1M	HK$20.2M
Liabilities
Short-term debt	HK$1.6M	—	HK$1.6M	HK$1.2M	—	HK$757,717	HK$1.7M	—	HK$2.0M	HK$1.9M	HK$1.9M	HK$1.9M
Deferred revenue	HK$858,910	—	HK$2.2M	HK$1.6M	—	HK$664,000	HK$1.2M	—	HK$2.6M	HK$3.1M	HK$3.1M	HK$2.4M
Total current liabilities	HK$3.1M	HK$3.1M	HK$3.8M	HK$3.5M	HK$3.5M	HK$1.7M	HK$4.0M	HK$4.0M	HK$4.7M	HK$6.0M	HK$6.0M	HK$14.5M
Long-term debt	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Lease obligations	—	HK$3.1M	—	—	HK$4.3M	HK$757,717	—	HK$1.7M	HK$2.7M	—	HK$3.7M	HK$4.6M
Other long-term liabilities	HK$1.5M	HK$1.5M	HK$2.3M	HK$3.1M	HK$3.1M	HK$1.7M	HK$2.9M	HK$0	HK$757,716	HK$1.7M	HK$1.7M	HK$2.7M
Total liabilities	HK$4.6M	HK$4.6M	HK$6.1M	HK$6.6M	HK$6.6M	HK$1.7M	HK$4.0M	HK$4.0M	HK$5.4M	HK$7.8M	HK$7.8M	HK$17.2M
Shareholders' equity
Common stock & paid-in capital	HK$15,822	—	HK$15,824	HK$15,826	—	HK$15,826	HK$15,826	—	HK$15,826	HK$15,826	HK$15,826	HK$11,700
Retained earnings (deficit)	−HK$17.4M	−HK$17.4M	−HK$13.7M	−HK$9.1M	−HK$9.1M	−HK$3.8M	−HK$4.4M	−HK$4.4M	−HK$1.6M	−HK$2.3M	−HK$2.3M	HK$3.0M
Accumulated other comprehensive income	—	—	—	—	—	HK$0	HK$0	—	HK$0	HK$0	−HK$524,313	—
Total shareholders' equity	HK$121.2M	HK$121.2M	HK$125.0M	HK$129.5M	HK$129.5M	HK$134.9M	HK$134.3M	HK$134.3M	HK$137.1M	HK$136.3M	HK$136.3M	HK$3.0M
Key figures
Total debt	HK$3.1M	—	HK$3.8M	HK$4.3M	—	HK$757,717	HK$1.7M	—	HK$2.7M	HK$3.7M	HK$3.7M	HK$4.6M
Net cash (debt)	HK$117.7M	—	HK$118.7M	HK$123.2M	—	HK$91.9M	HK$90.7M	—	HK$91.6M	HK$118.2M	HK$118.2M	HK$1.8M
Working capital	HK$119.0M	HK$119.0M	HK$122.7M	HK$127.1M	HK$127.1M	HK$94.0M	HK$88.4M	HK$92.3M	HK$89.7M	HK$119.8M	HK$120.0M	HK$802,435
Tangible book value	HK$121.2M	HK$121.2M	HK$125.0M	HK$129.5M	HK$129.5M	HK$134.9M	HK$134.3M	HK$134.3M	HK$137.1M	HK$136.3M	HK$136.3M	HK$3.0M
Shares outstanding	5.1M	5.1M	5.1M	5.1M	5.1M	5.1M	20.3M	5.1M	20.3M	19.2M	20.0M	15.0M
Current ratio	38.87	38.87	33.37	36.88	36.89	56.82	23.16	24.13	20.16	20.87	20.91	1.06
Quick ratio	38.55	38.55	33.10	36.63	36.51	56.19	23.85	23.74	20.59	20.74	20.74	0.83
Debt / equity	0.03	—	0.03	0.03	—	0.01	0.01	—	0.02	0.03	0.03	1.53
Equity / assets	96.3%	96.3%	95.4%	95.1%	95.1%	98.8%	97.1%	97.1%	96.2%	94.6%	94.6%	14.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported (latest annual report filed April 10, 2026); data from EODHD.

MEGL financial position

At the end of fiscal 2025 (December 31, 2025), Magic Empire Global had total assets of HK$125.8 million (down 7.6% from a year earlier), total liabilities of HK$4.6 million and shareholders' equity of HK$121.2 million. It held HK$120.7 million in cash and short-term investments against HK$3.1 million of debt, a net cash position of HK$117.7 million. Its current ratio was 38.87. In the latest quarter (ended March 31, 2026) total assets were HK$125.8 million and equity HK$121.2 million.

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

MEGL balance sheet FAQ

What are Magic Empire Global's total assets?

Magic Empire Global reported total assets of HK$125.8 million at the end of fiscal 2025 (December 31, 2025), compared with HK$136.1 million a year earlier.

How much debt does Magic Empire Global have?

Magic Empire Global had HK$3.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.

How much cash does Magic Empire Global have?

Magic Empire Global held HK$120.7 million in cash and short-term investments at the end of fiscal 2025; with HK$3.1 million of debt that is net cash of HK$117.7 million.

What is Magic Empire Global's book value?

Magic Empire Global's shareholders' equity (book value) was HK$121.2 million at the end of fiscal 2025.

What is Magic Empire Global's current ratio?

Magic Empire Global had current assets of HK$122.2 million and current liabilities of HK$3.1 million, a current ratio of 38.87 (it can cover its short-term obligations).