NASDAQ : HTCO
High-Trend International Group — Financial statements
Industrials · Marine Shipping · Singapore
Last price 1.42 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.97M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
High-Trend International Group (HTCO) reported revenue of 252.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 252.45M | 214.42M | 108.18M | 95.26M | 185.35M | 121.96M |
| Cost of Revenue | 245.85M | 207.61M | 100.08M | 107.14M | 158.50M | 109.01M |
| Gross Profit | 6.60M | 6.80M | 8.10M | -11.89M | 26.85M | 12.95M |
| Selling, General & Admin | 5.31M | 4.79M | 4.60M | 3.74M | 3.27M | 2.47M |
| Operating Expenses | 16.37M | 26.72M | 5.80M | 3.74M | 3.27M | 2.47M |
| Operating Income | -9.77M | -19.91M | 2.30M | -15.63M | 23.58M | 10.48M |
| Interest Expense | -376.45K | -45.94K | -90.20K | -112.02K | -101.88K | -122.39K |
| Interest & Investment Income | 81.99K | 60.83K | 3.44K | 7.74K | 18.00 | 5.00 |
| Other Non Operating Income (Expenses) | -212.12K | -208.88K | -23.43M | -63.87K | 129.10K | -100.09K |
| EBT Excluding Unusual Items | -10.28M | -20.11M | -21.21M | -15.80M | 23.61M | 10.26M |
| Other Unusual Items | -940.66K | 4.90K | 3.50K | 20.92K | ||
| Pretax Income | -11.22M | -20.10M | -21.21M | -15.78M | 23.61M | 10.26M |
| Income Tax Expense | 7.83K | 9.11K | 4.14K | 2.54K | 11.24K | 2.11K |
| Earnings From Continuing Operations | -11.23M | -20.11M | -21.21M | -15.78M | 23.60M | 10.26M |
| Minority Interest in Earnings | -1.48M | -1.35M | -2.38M | 6.45M | -11.36M | -4.95M |
| Net Income | -12.71M | -21.46M | -23.60M | -9.33M | 12.23M | 5.31M |
| Net Income to Common | -12.71M | -21.46M | -23.60M | -9.33M | 12.23M | 5.31M |
| Shares Outstanding (Basic) | 6.38M | 5.47M | 2.35M | 2.10M | 2.00M | 2.00M |
| Shares Outstanding (Diluted) | 6.38M | 5.47M | 2.35M | 2.10M | 2.00M | 2.00M |
| EPS (Basic) | -1.99 | -3.92 | -10.02 | -4.45 | 6.12 | 2.66 |
| EPS (Diluted) | -1.99 | -3.92 | -10.02 | -4.45 | 6.12 | 2.66 |
| Free Cash Flow | 4.02M | 4.63M | -3.33M | -17.77M | 33.13M | 632.49K |
| Free Cash Flow Per Share | 0.63 | 0.85 | -1.41 | -8.48 | 16.57 | 0.32 |
| Gross Margin | 2.61% | 3.17% | 7.49% | -12.48% | 14.49% | 10.62% |
| Operating Margin | -3.87% | -9.29% | 2.13% | -16.41% | 12.72% | 8.59% |
| Profit Margin | -5.04% | -10.01% | -21.81% | -9.80% | 6.60% | 4.35% |
| Free Cash Flow Margin | 1.59% | 2.16% | -3.08% | -18.66% | 17.88% | 0.52% |
| EBITDA | -9.77M | -19.91M | 2.33M | -15.59M | 23.62M | 10.52M |
| EBITDA Margin | -3.87% | -9.29% | 2.15% | -16.36% | 12.75% | 8.63% |
| D&A For EBITDA | 885.00 | 505.00 | 22.20K | 42.23K | 42.04K | 40.09K |
| EBIT | -9.77M | -19.91M | 2.30M | -15.63M | 23.58M | 10.48M |
| EBIT Margin | -3.87% | -9.29% | 2.13% | -16.41% | 12.72% | 8.59% |
| Effective Tax Rate | 0.05% | 0.02% | ||||
| Revenue as Reported | 252.45M | 214.42M | 108.18M | 95.26M | 185.35M | 121.96M |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.35M | 10.14M | 6.86M | 2.22M | 21.57M | 10.35M |
| Cash & Short-Term Investments | 17.35M | 10.14M | 6.86M | 2.22M | 21.57M | 10.35M |
| Accounts Receivable | 6.54M | 8.65M | 7.58M | 983.78K | 3.96M | 7.83M |
| Other Receivables | 46.17K | 1.43M | 3.47K | 4.18K | 951.65K | 16.25K |
| Receivables | 6.59M | 10.08M | 7.59M | 987.97K | 4.91M | 7.84M |
| Prepaid Expenses | 7.26M | 8.40M | 7.92M | 3.51M | 6.95M | 7.92M |
| Other Current Assets | 1.17M | 1.67M | 3.50M | 51.97K | ||
| Total Current Assets | 32.37M | 30.29M | 25.87M | 6.77M | 33.43M | 26.12M |
| Property, Plant & Equipment | 71.11K | 108.90K | 23.61K | 766.64K | 604.13K | 123.78K |
| Long-Term Deferred Charges | 544.18K | 1.13M | 2.45M | 667.10K | 50.00K | |
| Other Long-Term Assets | 839.67K | 830.39K | 869.78K | 894.56K | 871.49K | 896.27K |
| Total Assets | 33.83M | 32.36M | 29.21M | 8.43M | 35.57M | 27.19M |
| Accounts Payable | 1.26M | 1.11M | 731.04K | 261.14K | 750.47K | 488.44K |
| Accrued Expenses | 8.19M | 9.32M | 6.22M | 3.80M | 6.98M | 3.92M |
| Short-Term Debt | 2.37M | 1.18M | 6.54M | |||
| Current Portion of Long-Term Debt | 580.08K | 937.46K | 880.63K | 899.58K | ||
| Current Portion of Leases | 67.11K | 77.60K | 23.41K | 90.58K | ||
| Current Income Taxes Payable | 9.07K | 9.21K | 7.76K | 56.16K | 10.94K | 1.91K |
| Current Unearned Revenue | 8.05M | 7.43M | 5.78M | 3.46M | 10.07M | 6.18M |
| Other Current Liabilities | 2.17M | 1.79M | 6.21M | 4.32M | 4.49M | 2.41M |
| Total Current Liabilities | 22.12M | 19.73M | 19.55M | 14.11M | 23.18M | 20.44M |
| Long-Term Debt | 916.92K | 1.48M | 2.37M | 3.37M | ||
| Long-Term Leases | 26.53K | 109.49K | ||||
| Long-Term Deferred Tax Liabilities | 107.00 | 217.00 | 1.29K | 1.63K | ||
| Total Liabilities | 22.12M | 19.76M | 20.47M | 15.70M | 25.55M | 23.81M |
| Common Stock | 16.89K | 16.83K | 11.79K | 5.28K | 5.00K | 50.00K |
| Additional Paid-In Capital | 61.91M | 152.55K | 100.13K | |||
| Retained Earnings | -55.97M | -51.42M | -28.55M | -4.96M | 4.38M | 433.78K |
| Comprehensive Income & Other | 59.28M | 33.90M | -457.18K | |||
| Total Common Equity | 5.96M | 7.88M | 5.36M | -5.41M | 4.53M | 583.91K |
| Minority Interest | 5.75M | 4.72M | 3.37M | -1.86M | 5.49M | 2.79M |
| Shareholders' Equity | 11.71M | 12.60M | 8.74M | -7.26M | 10.02M | 3.37M |
| Total Liabilities & Equity | 33.83M | 32.36M | 29.21M | 8.43M | 35.57M | 27.19M |
| Total Debt | 2.44M | 104.13K | 1.52M | 3.80M | 3.25M | 10.81M |
| Net Cash (Debt) | 14.91M | 10.04M | 5.34M | -1.58M | 18.33M | -453.40K |
| Net Cash Per Share | 2.34 | 1.83 | 2.27 | -0.75 | 9.16 | -0.23 |
| Filing Date Shares Outstanding | 6.76M | 6.73M | 4.72M | 2.11M | 2.11M | |
| Total Common Shares Outstanding | 6.76M | 6.73M | 4.72M | 2.11M | 2.00M | |
| Working Capital | 10.26M | 10.56M | 6.31M | -7.34M | 10.25M | 5.67M |
| Book Value Per Share | 0.88 | 1.17 | 1.14 | -2.56 | 2.27 | |
| Tangible Book Value | 5.96M | 7.88M | 5.36M | -5.41M | 4.53M | 583.91K |
| Tangible Book Value Per Share | 0.88 | 1.17 | 1.14 | -2.56 | 2.27 | |
| Machinery | 115.64K | 110.57K | 689.72K | 689.72K | 167.33K | |
| Leasehold Improvements | 54.39K | 54.39K | 54.39K | 54.39K | 54.39K |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -12.71M | -21.46M | -23.60M | -9.33M | 12.23M | 5.31M |
| Depreciation & Amortization | 74.75K | 72.96K | 106.43K | 85.75K | 42.04K | 40.09K |
| Loss (Gain) From Sale of Assets | 292.00 | -39.66K | ||||
| Stock-Based Compensation | 11.06M | 21.92M | 1.20M | |||
| Other Operating Activities | 2.92M | 1.35M | 25.90M | -6.45M | 11.36M | 4.95M |
| Change in Accounts Receivable | -2.66M | -1.07M | -6.60M | 2.97M | 3.87M | -5.41M |
| Change in Accounts Payable | 218.68K | 375.64K | 308.04K | -537.47K | 262.03K | 183.37K |
| Change in Unearned Revenue | 1.12M | 1.64M | 2.32M | -6.60M | 3.88M | 394.22K |
| Change in Income Taxes | 9.07K | 1.46K | -48.41K | -7.39K | 9.03K | 356.00 |
| Change in Other Net Operating Assets | 3.99M | 1.80M | -2.88M | 2.10M | 1.47M | -4.83M |
| Operating Cash Flow | 4.02M | 4.63M | -3.33M | -17.77M | 33.13M | 632.49K |
| Capital Expenditures | -5.07K | |||||
| Other Investing Activities | 300.00K | |||||
| Investing Cash Flow | -5.07K | 300.00K | ||||
| Short-Term Debt Issued | 851.11K | 10.69M | 13.38M | 2.52M | 1.42M | |
| Long-Term Debt Issued | 5.31M | |||||
| Total Debt Issued | 7.99M | 851.11K | 15.99M | 13.38M | 2.52M | 1.42M |
| Short-Term Debt Repaid | -1.08M | -8.51M | -13.22M | -6.47M | -50.00K | |
| Long-Term Debt Repaid | -1.50M | -2.36M | -832.58K | -1.02M | -165.44K | |
| Total Debt Repaid | -7.93M | -2.58M | -10.87M | -14.06M | -7.49M | -215.44K |
| Net Debt Issued (Repaid) | 68.61K | -1.73M | 5.12M | -676.39K | -4.97M | 1.21M |
| Issuance of Common Stock | 5.00K | 380.13K | 2.85M | 7.42K | 100.04K | |
| Common Dividends Paid | -8.29M | |||||
| Other Financing Activities | -901.98K | -8.66M | ||||
| Financing Cash Flow | 73.61K | -1.35M | 7.97M | -1.58M | -21.91M | 1.31M |
| Net Cash Flow | 4.10M | 3.28M | 4.64M | -19.35M | 11.22M | 2.24M |
| Free Cash Flow | 4.02M | 4.63M | -3.33M | -17.77M | 33.13M | 632.49K |
| Free Cash Flow Margin | 1.59% | 2.16% | -3.08% | -18.66% | 17.88% | 0.52% |
| Free Cash Flow Per Share | 0.63 | 0.85 | -1.41 | -8.48 | 16.57 | 0.32 |
| Levered Free Cash Flow | 12.66M | 9.07M | -4.71M | -12.85M | 27.92M | -2.67M |
| Unlevered Free Cash Flow | 12.89M | 9.10M | -4.65M | -12.78M | 27.98M | -2.59M |
| Cash Interest Paid | 375.82K | 45.31K | 90.19K | 60.79K | 81.41K | 122.30K |
| Cash Income Tax Paid | 6.35K | 7.76K | 52.65K | 10.87K | 2.50K | 1.55K |
| Change in Working Capital | 2.68M | 2.75M | -6.90M | -2.08M | 9.49M | -9.66M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.13M | 62.59M | 59.21M | 31.77M | 75.70M | 74.20M |
| Enterprise Value | -3.77M | 54.83M | 63.64M | 21.31M | 67.78M | |
| Last Close Price | 1.32 | 10.98 | 26.25 | 15.05 | 252.50 | 247.50 |
| PE Ratio | 6.19 | 13.97 | ||||
| PS Ratio | 0.04 | 0.29 | 0.55 | 0.33 | 0.41 | 0.61 |
| PB Ratio | 1.50 | 4.97 | 6.78 | -4.37 | 7.55 | 22.00 |
| P/TBV Ratio | 1.87 | 7.95 | 11.04 | 16.70 | 127.07 | |
| P/FCF Ratio | 2.77 | 13.53 | 2.29 | 117.31 | ||
| P/OCF Ratio | 2.77 | 13.51 | 2.29 | 117.31 | ||
| EV/Sales Ratio | 0.26 | 0.59 | 0.22 | 0.37 | ||
| EV/EBITDA Ratio | 27.35 | 2.87 | ||||
| EV/EBIT Ratio | 27.61 | 2.87 | ||||
| EV/FCF Ratio | 11.85 | 2.05 | ||||
| Debt / Equity Ratio | 0.21 | 0.01 | 0.17 | -0.52 | 0.32 | 3.21 |
| Debt / EBITDA Ratio | 0.63 | 0.14 | 1.03 | |||
| Debt / FCF Ratio | 0.61 | 0.02 | 0.10 | 17.09 | ||
| Net Debt / Equity Ratio | -1.27 | -0.80 | -0.61 | -0.22 | -1.83 | 0.13 |
| Net Debt / EBITDA Ratio | 1.52 | 0.50 | -2.30 | -0.10 | -0.78 | 0.04 |
| Net Debt / FCF Ratio | -3.70 | -2.17 | 1.60 | -0.09 | -0.55 | 0.72 |
| Asset Turnover | 6.69 | 6.96 | 5.75 | 4.33 | 5.91 | 5.62 |
| Quick Ratio | 1.08 | 1.02 | 0.74 | 0.23 | 1.14 | 0.89 |
| Current Ratio | 1.46 | 1.53 | 1.32 | 0.48 | 1.44 | 1.28 |
| Return on Equity (ROE) | -60.42% | -188.50% | -2,884.79% | -1,143.50% | 352.27% | |
| Return on Assets (ROA) | -16.18% | -40.43% | 7.65% | -44.40% | 46.97% | 30.18% |
| Return on Invested Capital (ROIC) | -668.35% | 1,684.18% | ||||
| Return on Capital Employed (ROCE) | -83.40% | -157.70% | 23.90% | 275.20% | 190.30% | 155.40% |
| Earnings Yield | -150.97% | -34.29% | -39.86% | -29.37% | 16.16% | 7.16% |
| FCF Yield | 36.15% | 7.39% | -5.62% | -55.95% | 43.77% | 0.85% |
| Payout Ratio | 67.77% | |||||
| Buyback Yield / Dilution | -69.31% | -132.38% | -12.27% | -4.85% |