Nature's Miracle Holding Inc. (NMHI) Balance Sheet
NMHI balance sheet, FY2025
September 30, 2025 · U.S. dollars$20.4M assets = $33.2M liabilities + −$12.7M equity
Liabilities exceed assets: shareholders’ equity is negative (−$12.7M).
Both columns are drawn to the same scale: what NMHI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NMHI financial health
Descriptive bands, not a rating. Fiscal FY2025.
NMHI balance sheet trends, FY2020–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.3MFY2020 | $20.4MFY2025 | +12.6%/yr | |
| Total liabilities | $10.7MFY2020 | $33.2MFY2025 | +25.3%/yr | |
| Shareholders’ equity | $555,687FY2020 | −$12.7MFY2025 | — | |
| Cash & short-term investments | $489,851FY2020 | $97,694FY2025 | −27.6%/yr | |
| Total debt | $88,503FY2020 | $8.4MFY2025 | +148.6%/yr | |
| Net cash (debt) | $401,348FY2020 | −$8.3MFY2025 | −$8.7M | |
| Working capital | −$246,469FY2020 | −$22.3MFY2025 | −$22.1M | |
| Current ratio | 0.98FY2020 | 0.04FY2025 | −0.94 | |
| Debt / equity | 0.16FY2020 | 10.13FY2022 | +9.97 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NMHI assets
NMHI liabilities and equity
NMHI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NMHI balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $97,694 | $221,760 | $221,760 | $810,371 | $1.3M | $489,851 |
| Cash & equivalents | $97,694 | $221,760 | $221,760 | $810,371 | $1.3M | $489,851 |
| Receivables | $153,043 | $2.0M | $2.0M | $3.7M | $658,581 | $958,457 |
| Inventory | $0 | $5.0M | $5.0M | $8.8M | $8.4M | $9.0M |
| Other current assets | $705,027 | $139,734 | $139,734 | $146,954 | $89,053 | $69,595 |
| Total current assets | $955,764 | $7.4M | $7.4M | $13.4M | $10.4M | $10.5M |
| Property, plant & equipment (net) | $18.5M | $4.9M | $4.9M | $5.6M | $206,311 | $156,156 |
| Goodwill & intangible assets | $0 | $0 | $0 | $1.0M | $0 | $0 |
| Long-term investments | $0 | $1.0M | $1.0M | $0 | $0 | $0 |
| Other non-current assets | $951,000 | $881,565 | $881,565 | $816,270 | $1.2M | $646,000 |
| Total assets | $20.4M | $14.2M | $14.2M | $20.8M | $11.8M | $11.3M |
| Liabilities | ||||||
| Accounts payable | $10.1M | $8.0M | $8.0M | $1.5M | $8.1M | $10.2M |
| Short-term debt | — | $1.9M | $1.9M | $2.7M | $51,215 | $88,503 |
| Deferred revenue | — | $118,909 | $118,909 | $808,118 | $997,732 | $29,965 |
| Total current liabilities | $23.3M | $14.8M | $14.8M | $16.7M | $9.9M | $10.7M |
| Long-term debt | $8.4M | $5.7M | $6.0M | $3.0M | $85,268 | $0 |
| Lease obligations | $137,011 | $467,982 | $517,356 | $1.0M | $29,426 | $88,503 |
| Other long-term liabilities | $1.5M | $459,286 | $157,897 | $542,709 | $0 | $0 |
| Total liabilities | $33.2M | $20.9M | $20.9M | $20.2M | $10.0M | $10.7M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | — | $2,227 | $2,227 | $2,227 | $94 | $20 |
| Retained earnings (deficit) | −$36.8M | −$8.2M | −$8.2M | −$909,691 | $1.6M | $385,687 |
| Accumulated other comprehensive income | — | −$1,075 | −$1,075 | −$1,863 | — | — |
| Total shareholders' equity | −$12.7M | −$6.7M | −$6.7M | $617,446 | $1.8M | $555,687 |
| Key figures | ||||||
| Total debt | $8.4M | $8.1M | $8.1M | $6.3M | $136,483 | $88,503 |
| Net cash (debt) | −$8.3M | −$7.8M | −$7.8M | −$5.4M | $1.2M | $401,348 |
| Working capital | −$22.3M | −$7.4M | −$7.4M | −$3.3M | $475,384 | −$246,469 |
| Tangible book value | −$12.7M | −$6.7M | −$6.7M | −$406,087 | $1.8M | $555,687 |
| Current ratio | 0.04 | 0.50 | 0.50 | 0.80 | 1.05 | 0.98 |
| Quick ratio | 0.01 | 0.15 | 0.15 | 0.27 | 0.20 | 0.14 |
| Debt / equity | — | — | — | 10.13 | 0.08 | 0.16 |
| Equity / assets | −62.4% | −47.3% | −47.3% | 3.0% | 15.0% | 4.9% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $45,695 | $97,694 | $61,450 | $9,511 | $17,652 | $420,131 | $40,114 | $30,532 | $300,122 | $221,760 | $723,067 | $1.4M |
| Cash & equivalents | $45,695 | $97,694 | $61,450 | $9,511 | $17,652 | $420,131 | $40,114 | $30,532 | $300,122 | $221,760 | $723,067 | $1.4M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $37.8M | $37.1M |
| Receivables | $146,491 | $153,043 | $1.7M | $2.0M | $2.5M | $2.8M | $4.2M | $2.8M | $1.1M | $1.5M | $3.0M | $2.9M |
| Inventory | $0 | $0 | $639,417 | $703,001 | $867,115 | $1.8M | $3.3M | $4.2M | $4.7M | $5.0M | $6.0M | $6.6M |
| Other current assets | $1.1M | $705,027 | $171,353 | $104,872 | $132,302 | $161,431 | $393,439 | $347,465 | $152,521 | $599,734 | $109,070 | $57,278 |
| Total current assets | $1.3M | $955,764 | $2.6M | $2.8M | $3.5M | $5.2M | $8.0M | $7.3M | $6.2M | $7.4M | $9.8M | $10.9M |
| Property, plant & equipment (net) | $19.3M | $18.5M | $17.5M | $4.4M | $4.6M | $4.7M | $4.9M | $4.9M | $4.8M | $4.9M | $5.0M | $5.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.0M | $1.0M |
| Long-term investments | $0 | $0 | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Other non-current assets | $931,000 | $951,000 | $977,720 | $777,720 | $769,380 | $428,633 | $27,633 | $27,633 | $27,633 | $881,565 | $1.6M | $1.4M |
| Total assets | $21.5M | $20.4M | $22.1M | $9.1M | $9.8M | $11.3M | $13.9M | $13.3M | $12.0M | $14.2M | $18.5M | $19.5M |
| Liabilities | ||||||||||||
| Accounts payable | $3.8M | $10.1M | $9.7M | $9.6M | $9.8M | $10.7M | $9.4M | $11.6M | $10.1M | $10.8M | $10.1M | $10.2M |
| Short-term debt | — | — | — | — | — | — | $5.6M | $4.6M | $3.7M | $1.9M | $1.4M | $1.4M |
| Deferred revenue | — | — | — | — | — | — | $376,562 | $64,069 | $222,404 | $118,909 | $196,422 | $687,112 |
| Total current liabilities | $18.9M | $23.3M | $21.6M | $20.4M | $19.5M | $19.8M | $19.7M | $20.4M | $17.6M | $14.8M | $12.9M | $13.4M |
| Long-term debt | $10.4M | $8.4M | $8.4M | $5.5M | $5.6M | $5.7M | $5.8M | $5.8M | $5.9M | $6.0M | $6.1M | $6.1M |
| Lease obligations | $122,641 | $137,011 | $321,205 | $272,864 | $455,326 | $467,982 | $686,457 | $644,458 | $430,765 | $517,356 | $602,233 | $685,756 |
| Other long-term liabilities | $1.5M | $1.5M | $969,360 | $144,610 | $175,637 | $205,602 | $235,040 | $184,147 | $62,762 | $157,897 | $251,456 | $343,468 |
| Total liabilities | $30.8M | $33.2M | $31.0M | $26.0M | $25.2M | $25.7M | $25.7M | $26.4M | $23.6M | $20.9M | $19.2M | $19.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | $3,163 | $2,645 | $2,630 | $2,227 | $236 | $236 |
| Retained earnings (deficit) | −$34.0M | −$36.8M | −$30.7M | −$28.5M | −$26.8M | −$24.7M | −$17.8M | −$15.0M | −$13.3M | −$8.2M | −$2.3M | −$1.9M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$1,143 | −$1,108 | −$1,025 | −$1,075 | −$987 | −$1,072 |
| Total shareholders' equity | −$9.3M | −$12.7M | −$8.9M | −$17.0M | −$15.4M | −$14.3M | −$11.8M | −$13.1M | −$11.6M | −$6.7M | −$759,593 | −$355,712 |
| Key figures | ||||||||||||
| Total debt | $10.4M | $8.4M | $8.4M | $5.5M | $5.6M | $5.7M | $11.1M | $10.6M | $9.7M | $8.1M | $7.7M | $7.8M |
| Net cash (debt) | −$10.4M | −$8.3M | −$8.4M | −$5.5M | −$5.6M | −$5.3M | −$11.1M | −$10.6M | −$9.4M | −$7.8M | −$7.0M | −$6.5M |
| Working capital | −$17.6M | −$22.3M | −$19.0M | −$17.5M | −$16.0M | −$14.6M | −$11.7M | −$13.0M | −$11.4M | −$7.4M | −$3.1M | −$2.5M |
| Tangible book value | −$9.3M | −$12.7M | −$8.9M | −$17.0M | −$15.4M | −$14.3M | −$11.8M | −$13.1M | −$11.6M | −$6.7M | −$1.8M | −$1.4M |
| Book value per share | −$0.03 | — | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 308.3M | — | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.07 | 0.04 | 0.12 | 0.14 | 0.18 | 0.26 | 0.41 | 0.36 | 0.35 | 0.50 | 0.76 | 0.81 |
| Quick ratio | 0.01 | 0.01 | 0.08 | 0.10 | 0.13 | 0.16 | 0.22 | 0.14 | 0.08 | 0.12 | 0.28 | 0.32 |
| Equity / assets | −43.0% | −62.4% | −40.6% | −187.4% | −156.8% | −126.8% | −85.2% | −99.1% | −96.3% | −47.3% | −4.1% | −1.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
NMHI financial position
At the end of fiscal 2025 (September 30, 2025), Nature's Miracle had total assets of $20.4 million (up 43.7% from a year earlier), total liabilities of $33.2 million and shareholders' equity of -$12.7 million. It held $0.1 million in cash and short-term investments against $8.4 million of debt, net debt of $8.3 million. Its current ratio was 0.04. In the latest quarter (ended March 31, 2026) total assets were $21.5 million and equity -$9.3 million.
Related: NMHI income statement, NMHI cash flow statement, NMHI key metrics. See the NMHI stock overview for the latest quote and news.
NMHI balance sheet FAQ
What are Nature's Miracle's total assets?
Nature's Miracle reported total assets of $20.4 million at the end of fiscal 2025 (September 30, 2025), compared with $14.2 million a year earlier.
How much debt does Nature's Miracle have?
Nature's Miracle had $8.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Nature's Miracle have?
Nature's Miracle held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $8.4 million of debt that is net debt of $8.3 million.
What is Nature's Miracle's book value?
Nature's Miracle's shareholders' equity (book value) was -$12.7 million at the end of fiscal 2025.
What is Nature's Miracle's current ratio?
Nature's Miracle had current assets of $1.0 million and current liabilities of $23.3 million, a current ratio of 0.04 (current liabilities exceed current assets).