High Tide (HITI) Balance Sheet: Assets & Liabilities

High Tide (HITI) Balance Sheet

As of Oct 31, 2025 (end of fiscal 2025), High Tide reported total assets of CAD 349.06M and total liabilities of CAD 246.28M. Shareholders' equity was CAD 87.61M, down 39.8% from CAD 145.51M a year earlier. Total debt stood at CAD 99.12M against CAD 47.95M in cash and short-term investments, a net debt position of CAD 51.17M. That puts debt-to-equity at 1.13, compared with 0.14 a year earlier.

High Tide Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for High Tide Inc. (HITI) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Jan 2021	Jan 2020	Jan 2019	Oct 2017
Current Assets
Cash and Cash Equivalents	47.88	47.27	30.12	25.08	14.01	7.52	0.81	8.20	1.07
Short-Term Investments	0.06	0.71	0.14	0.20	0.86	0.05	0.05	0.00	0.70
Cash & Short-Term Investments	47.95	47.98	30.26	25.28	14.87	7.57	0.86	8.20	1.77
Accounts Receivable	5.62	3.31	7.57	8.20	7.18	2.94	2.65	0.86	4.91
Inventory	67.41	29.34	25.97	23.41	17.04	5.70	6.72	3.46	3.54
Other Current Assets	15.92	5.16	4.84	7.17	6.92	3.07	2.52	4.99	0.23
Total Current Assets	136.89	85.79	68.65	64.06	46.29	19.28	12.74	17.51	10.45
Non-Current Assets
Property, Plant & Equipment (Net)	77.23	64.00	57.79	62.00	52.74	29.50	12.38	3.60	0.10
Long-Term Investments	0.00	0.00	0.18	0.20	0.51	1.72	0.88	0.71	0.08
Goodwill	90.12	92.82	76.20	83.42	142.28	6.06	4.13	0.00	0.00
Intangible Assets	39.43	19.44	27.28	62.07	62.34	11.97	8.04	0.93	0.00
Other Non-Current Assets	5.40	3.61	3.31	2.99	4.40	1.04	1.38	1.20	0.08
Total Non-Current Assets	212.18	160.42	164.76	210.68	199.93	50.53	28.00	8.41	0.66
Total Assets	349.06	246.21	233.40	274.74	246.22	69.81	40.74	25.92	11.11
Current Liabilities
Accounts Payable	27.77	8.06	8.35	7.67	18.53	6.42	4.41	1.09	0.68
Short-Term Debt	17.73	12.89	32.20	26.72	4.00	18.58	4.27	0.04	0.64
Current Portion of Long-Term Debt	1.54	13.97	8.84	2.70	2.55	-	-	-	-
Accrued Liabilities	12.48	14.10	8.49	15.36	7.79	-	-	-	-
Deferred Revenue	7.99	1.99	1.36	0.64	0.19	1.70	0.00	0.00	0.80
Other Current Liabilities	9.95	1.66	12.16	13.36	9.98	2.46	2.12	1.43	18.75
Total Current Liabilities	99.92	61.48	58.14	59.94	40.79	27.46	10.80	2.59	20.75
Non-Current Liabilities
Long-Term Debt	81.39	7.54	40.33	43.17	19.11	28.44	19.74	0.02	0.02
Deferred Tax Liabilities	7.10	0.28	1.27	9.60	8.58	2.19	0.71	0.00	0.00
Other Non-Current Liabilities	16.97	0.28	0.00	0.00	10.27	-0.11	-0.02	0.00	0.00
Total Non-Current Liabilities	146.36	39.22	41.60	52.77	53.42	30.62	20.54	0.02	0.02
Total Liabilities	246.28	100.70	99.74	112.71	94.21	58.09	31.34	2.61	20.77
Stockholders' Equity
Common Stock	329.64	300.64	288.03	279.51	208.90	32.55	26.28	35.69	0.67
Retained Earnings	-260.11	-209.36	-205.93	-168.09	-87.79	-34.36	-26.70	-30.18	-10.38
Accumulated Other Comprehensive Income	7.30	6.85	18.71	5.67	-0.65	-0.49	-0.37	17.81	0.05
Additional Paid-in Capital	42.02	45.14	30.75	23.05	15.16	4.70	2.12	0.00	0.00
Minority Interest	15.18	2.24	2.11	5.68	4.80	1.55	-0.18	-0.01	0.00
Shares Outstanding	87.48	80.79	75.30	71.02	-	-	-	-	-
Total Stockholders' Equity	87.61	145.51	131.56	156.35	152.00	10.17	9.59	23.33	-9.66
Total Liabilities & Equity	349.06	246.21	233.40	274.74	246.22	69.81	40.74	25.92	11.11

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About High Tide Balance Sheet

How much debt does High Tide have?

High Tide had total debt of CAD 99.12M as of Oct 31, 2025, against CAD 47.95M in cash and short-term investments. Its debt-to-equity ratio was 1.13. Total debt was CAD 20.43M a year earlier.

What are High Tide's total assets?

High Tide reported total assets of CAD 349.06M as of Oct 31, 2025, up 41.8% from CAD 246.21M a year earlier. Total liabilities were CAD 246.28M.

What is High Tide's shareholders' equity?

High Tide's shareholders' equity was CAD 87.61M as of Oct 31, 2025, or about CAD 1.00 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition