Maison Solutions Inc. (MSS) Balance Sheet
MSS balance sheet, FY2025
April 30, 2025 · U.S. dollars$77.4M assets = $65.7M liabilities + $11.6M equity
Both columns are drawn to the same scale: what MSS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MSS financial health
Descriptive bands, not a rating. Fiscal FY2025.
MSS balance sheet trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $23.3MFY2021 | $77.4MFY2025 | +35.0%/yr | |
| Total liabilities | $23.5MFY2021 | $65.7MFY2025 | +29.4%/yr | |
| Shareholders’ equity | −$164,749FY2021 | $11.7MFY2025 | — | |
| Cash & short-term investments | $714,285FY2021 | $775,360FY2025 | +2.1%/yr | |
| Total debt | $20.0MFY2021 | $51.2MFY2025 | +26.6%/yr | |
| Net cash (debt) | −$19.3MFY2021 | −$50.5MFY2025 | −$31.2M | |
| Working capital | $156,278FY2021 | −$9.8MFY2025 | −$10.0M | |
| Book value per share | −$0.45FY2021 | $32.87FY2025 | — | |
| Current ratio | 1.03FY2021 | 0.57FY2025 | −0.46 | |
| Debt / equity | 52.55FY2023 | 4.39FY2025 | −48.16 | |
| Shares outstanding | 370KFY2021 | 355KFY2025 | −1.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MSS assets
MSS liabilities and equity
MSS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MSS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $775,360 | $1,101 | $2.6M | $898,061 | $714,285 |
| Cash & equivalents | $775,360 | $2.1M | $2.6M | $898,061 | $714,285 |
| Short-term investments | — | $1,101 | — | — | — |
| Receivables | $4.0M | $605,516 | $1.2M | $4.8M | $2.2M |
| Inventory | $5.8M | $6.8M | $3.0M | $2.3M | $1.9M |
| Other current assets | $2.4M | $4.5M | $1.5M | $999,706 | $4,858 |
| Total current assets | $12.9M | $11.9M | $8.3M | $9.1M | $4.9M |
| Property, plant & equipment (net) | $40.1M | $43.1M | $23.2M | $16.4M | $18.0M |
| Goodwill & intangible assets | $22.3M | $24.9M | $2.4M | $15,272 | $10,030 |
| Long-term investments | $1.1M | $1.5M | $203,440 | $203,440 | $0 |
| Other non-current assets | $956,008 | $962,452 | $458,592 | $375,570 | $377,116 |
| Total assets | $77.4M | $82.4M | $34.6M | $26.1M | $23.3M |
| Liabilities | |||||
| Accounts payable | $8.0M | $5.4M | $3.1M | $3.4M | $1.9M |
| Short-term debt | $10.6M | $19.4M | $2.3M | $1.6M | $1.3M |
| Deferred revenue | $701,929 | $965,696 | $449,334 | $370,929 | $176,852 |
| Total current liabilities | $22.7M | $28.8M | $8.4M | $7.5M | $4.7M |
| Long-term debt | $3.9M | $2.5M | $2.6M | $2.8M | $1.1M |
| Lease obligations | $41.0M | $43.1M | $24.5M | $17.6M | $18.6M |
| Other long-term liabilities | $39.1M | $40.4M | $22.9M | $16.6M | $17.6M |
| Total liabilities | $65.7M | $71.7M | $33.8M | $26.9M | $23.5M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $1,969 | $1,969 | $1,600 | $1,600 | $1,600 |
| Retained earnings (deficit) | −$1.6M | −$2.8M | $522,710 | −$729,093 | −$166,349 |
| Minority interest | −$27,240 | $221,123 | $267,947 | −$119,551 | — |
| Total shareholders' equity | $11.7M | $10.5M | $524,310 | −$727,493 | −$164,749 |
| Key figures | |||||
| Total debt | $51.2M | $60.9M | $27.6M | $20.9M | $20.0M |
| Net cash (debt) | −$50.5M | −$60.9M | −$25.0M | −$20.0M | −$19.3M |
| Working capital | −$9.8M | −$16.9M | −$86,864 | $1.5M | $156,278 |
| Tangible book value | −$10.6M | −$14.4M | −$1.9M | −$742,765 | −$174,779 |
| Book value per share | $32.87 | $29.30 | $1.42 | −$1.97 | −$0.45 |
| Shares outstanding | 355K | 358K | 370K | 370K | 370K |
| Current ratio | 0.57 | 0.41 | 0.99 | 1.20 | 1.03 |
| Quick ratio | 0.21 | 0.02 | 0.45 | 0.76 | 0.62 |
| Debt / equity | 4.39 | 5.80 | 52.55 | — | — |
| Equity / assets | 15.1% | 12.7% | 1.5% | −2.8% | −0.7% |
| Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | Jul '23 | Apr '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.5M | $1.4M | $1.1M | $775,360 | $445,357 | $355,670 | $588,896 | $2.1M | $9.4M | $8.6M | $1.6M | $2.6M |
| Cash & equivalents | $1.5M | $1.4M | $1.1M | $775,360 | $445,357 | $355,670 | $588,896 | $2.1M | $9.4M | $8.6M | $1.6M | $2.6M |
| Receivables | $768,868 | $3.8M | $2.3M | $3.1M | $1.2M | $751,638 | $1.3M | $1.8M | $2.2M | $1.1M | $1.1M | $1.2M |
| Inventory | $5.6M | $6.1M | $5.9M | $5.8M | $10.7M | $8.9M | $7.4M | $6.8M | $3.0M | $2.8M | $2.9M | $3.0M |
| Other current assets | $4.7M | $2.9M | $4.0M | $3.3M | $3.0M | $4.3M | $3.4M | $1.2M | $20,000 | $1.7M | $1.1M | $1.5M |
| Total current assets | $12.6M | $14.1M | $13.3M | $12.9M | $15.3M | $14.3M | $12.6M | $11.9M | $14.6M | $14.3M | $6.7M | $8.3M |
| Property, plant & equipment (net) | $35.6M | $36.1M | $36.7M | $40.1M | $40.9M | $41.6M | $42.4M | $43.1M | $21.8M | $22.1M | $22.7M | $23.2M |
| Goodwill & intangible assets | $21.9M | $22.0M | $22.2M | $22.3M | $24.5M | $24.7M | $24.8M | $24.9M | $5.3M | $3.9M | $2.4M | $2.4M |
| Long-term investments | $162,665 | $237,665 | $237,665 | $1.1M | $1.1M | $1.2M | $1.3M | $1.5M | $2.0M | $1.6M | $1.6M | $203,440 |
| Other non-current assets | $1.9M | $2.9M | $856,008 | $956,008 | $958,208 | $946,208 | $946,208 | $962,452 | $458,592 | $458,592 | $458,592 | $458,592 |
| Total assets | $72.1M | $75.4M | $73.3M | $77.4M | $82.7M | $82.7M | $82.1M | $82.4M | $44.2M | $42.3M | $33.9M | $34.6M |
| Liabilities | ||||||||||||
| Accounts payable | $7.8M | $8.0M | $8.5M | $8.5M | $10.5M | $9.1M | $7.5M | $5.4M | $1.7M | $3.0M | $3.0M | $3.1M |
| Short-term debt | $6.3M | $9.7M | $11.8M | — | $15.2M | $18.2M | $16.1M | $19.4M | $2.0M | $2.2M | $2.2M | $2.3M |
| Deferred revenue | $591,454 | $631,610 | $675,428 | — | $769,739 | $810,798 | $897,810 | $965,696 | $308,326 | $317,155 | $370,836 | $449,334 |
| Total current liabilities | $18.8M | $18.3M | $23.1M | $22.7M | $26.8M | $30.0M | $28.4M | $28.8M | $6.6M | $8.3M | $8.1M | $8.4M |
| Long-term debt | $7.3M | $7.7M | $3.6M | $3.9M | $2.4M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.6M |
| Lease obligations | $37.4M | $37.8M | $38.2M | $41.0M | $41.5M | $42.1M | $42.6M | $43.1M | $23.2M | $23.6M | $24.0M | $24.5M |
| Other long-term liabilities | $38.5M | $38.0M | $36.7M | $39.1M | $41.5M | $39.3M | $39.9M | $40.4M | $21.5M | $21.9M | $22.4M | $22.9M |
| Total liabilities | $64.5M | $64.0M | $63.4M | $65.7M | $70.7M | $71.7M | $70.7M | $71.7M | $30.6M | $32.8M | $33.1M | $33.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2,616 | $2,447 | $1,969 | — | $1,969 | $1,969 | $1,969 | $1,969 | $1,969 | $1,850 | $1,600 | $1,600 |
| Retained earnings (deficit) | −$13.4M | −$8.2M | −$3.2M | −$1.6M | −$1.4M | −$2.4M | −$2.1M | −$2.8M | −$39,718 | $509,236 | $417,771 | $522,710 |
| Minority interest | −$143,870 | −$146,502 | −$142,358 | −$27,240 | $61,356 | — | — | — | — | — | — | — |
| Total shareholders' equity | $7.7M | $11.6M | $10.1M | $11.7M | $12.0M | $10.9M | $11.2M | $10.5M | $13.3M | $9.2M | $419,371 | $524,310 |
| Key figures | ||||||||||||
| Total debt | $47.5M | $48.2M | $45.7M | $3.9M | $53.6M | $54.4M | $57.1M | $61.1M | $25.8M | $26.5M | $27.0M | $27.6M |
| Net cash (debt) | −$46.0M | −$46.9M | −$44.6M | −$3.1M | −$53.2M | −$54.1M | −$56.5M | −$59.0M | −$16.4M | −$17.9M | −$25.4M | −$25.0M |
| Working capital | −$6.2M | −$4.2M | −$9.8M | −$9.8M | −$11.5M | −$15.6M | −$15.8M | −$16.9M | $8.0M | $5.9M | −$1.4M | −$86,864 |
| Tangible book value | −$14.2M | −$10.4M | −$12.0M | −$10.6M | −$12.6M | −$13.7M | −$13.6M | −$14.4M | $8.0M | $5.3M | −$2.0M | −$1.9M |
| Book value per share | $10.56 | $22.76 | $23.16 | $5.93 | $34.25 | $31.35 | $32.09 | $26.66 | $34.15 | $27.49 | $1.13 | $1.38 |
| Shares outstanding | 729K | 510K | 437K | 2.0M | 349K | 349K | 349K | 394K | 389K | 336K | 370K | 380K |
| Current ratio | 0.67 | 0.77 | 0.58 | 0.57 | 0.57 | 0.48 | 0.44 | 0.41 | 2.22 | 1.71 | 0.82 | 0.99 |
| Quick ratio | 0.12 | 0.28 | 0.15 | 0.17 | 0.06 | 0.04 | 0.07 | 0.14 | 1.76 | 1.17 | 0.34 | 0.45 |
| Debt / equity | 6.17 | 4.15 | 4.51 | 0.33 | 4.48 | 4.97 | 5.09 | 5.82 | 1.94 | 2.87 | 64.41 | 52.55 |
| Equity / assets | 10.7% | 15.4% | 13.8% | 15.1% | 14.4% | 13.2% | 13.6% | 12.7% | 30.0% | 21.8% | 1.2% | 1.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 14, 2025); data from EODHD.
MSS financial position
At the end of fiscal 2025 (April 30, 2025), Maison Solutions had total assets of $77.4 million (down 6.1% from a year earlier), total liabilities of $65.7 million and shareholders' equity of $11.7 million. It held $0.8 million in cash and short-term investments against $51.2 million of debt, net debt of $50.5 million. Its current ratio was 0.57. In the latest quarter (ended January 31, 2026) total assets were $72.1 million and equity $7.7 million.
Related: MSS income statement, MSS cash flow statement, MSS key metrics. See the MSS stock overview for the latest quote and news.
MSS balance sheet FAQ
What are Maison Solutions's total assets?
Maison Solutions reported total assets of $77.4 million at the end of fiscal 2025 (April 30, 2025), compared with $82.4 million a year earlier.
How much debt does Maison Solutions have?
Maison Solutions had $51.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.39.
How much cash does Maison Solutions have?
Maison Solutions held $0.8 million in cash and short-term investments at the end of fiscal 2025; with $51.2 million of debt that is net debt of $50.5 million.
What is Maison Solutions's book value?
Maison Solutions's shareholders' equity (book value) was $11.7 million at the end of fiscal 2025, or $32.87 per share.
What is Maison Solutions's current ratio?
Maison Solutions had current assets of $12.9 million and current liabilities of $22.7 million, a current ratio of 0.57 (current liabilities exceed current assets).
How much goodwill does Maison Solutions have?
Maison Solutions carried $22.3 million of goodwill and intangible assets, 28.8% of total assets, at the end of fiscal 2025.