Hennessy Advisors (HNNA) Balance Sheet: Assets & Liabilities

Hennessy Advisors (HNNA) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), Hennessy Advisors reported total assets of $160.46M and total liabilities of $62.72M. Shareholders' equity was $97.74M, up 7.0% from $91.31M a year earlier. Total debt stood at $40.17M against $72.44M in cash and short-term investments, a net cash position of $32.27M. That puts debt-to-equity at 0.41, compared with 0.44 a year earlier.

Hennessy Advisors Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Hennessy Advisors, Inc. (HNNA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Current Assets
Cash and Cash Equivalents	72.43	63.92	60.48	58.49	15.84	9.96	24.69	25.40	15.70
Short-Term Investments	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Cash & Short-Term Investments	72.44	63.93	60.49	58.50	15.85	9.96	24.70	25.40	15.71
Accounts Receivable	3.05	2.96	2.29	2.05	3.07	2.78	3.68	4.67	4.91
Inventory	0.00	0.00	-2.05	0.00	-2.80	0.00	-3.29	0.00	0.00
Other Current Assets	0.80	0.82	0.67	0.75	3.58	0.64	3.92	0.67	1.61
Total Current Assets	76.52	68.28	63.70	61.66	19.71	13.38	29.01	30.74	22.90
Non-Current Assets
Property, Plant & Equipment (Net)	1.20	1.39	0.60	0.97	1.32	0.57	0.36	0.38	0.25
Long-Term Investments	0.00	0.00	-81.26	0.00	-80.64	0.00	-80.64	0.00	-74.63
Intangible Assets	82.56	82.25	81.26	80.87	80.64	0.00	80.64	0.00	74.63
Other Non-Current Assets	0.18	0.18	0.16	0.16	68.44	80.83	70.57	78.35	74.10
Total Non-Current Assets	83.94	83.82	82.02	82.00	82.20	81.40	81.20	78.74	75.03
Total Assets	160.46	152.10	145.72	143.65	101.91	94.79	110.21	109.48	97.93
Current Liabilities
Accounts Payable	0.66	0.18	0.00	0.82	0.00	0.00	0.00	0.00	0.00
Short-Term Debt	0.37	0.66	0.56	0.37	0.36	0.33	4.33	4.23	4.23
Accrued Liabilities	4.86	1.50	3.17	1.32	4.15	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20
Other Current Liabilities	0.78	0.18	0.75	1.03	4.15	3.81	6.36	7.25	7.56
Total Current Liabilities	6.01	4.95	4.19	4.72	5.56	5.09	11.36	12.04	12.46
Non-Current Liabilities
Long-Term Debt	39.81	39.48	39.16	38.87	0.65	0.00	13.05	17.50	21.73
Deferred Tax Liabilities	16.57	15.66	14.61	13.49	12.44	11.52	10.27	8.97	12.21
Other Non-Current Liabilities	16.57	15.66	14.61	13.49	12.44	0.00	0.00	0.00	-0.67
Total Non-Current Liabilities	56.71	55.83	53.78	52.64	13.08	11.52	23.32	26.47	33.94
Total Liabilities	62.72	60.79	57.97	57.35	18.64	16.61	34.68	38.50	46.40
Stockholders' Equity
Common Stock	23.48	22.59	21.80	20.95	19.96	18.71	17.67	16.78	14.94
Retained Earnings	74.26	68.72	65.95	65.35	63.30	59.47	57.86	54.20	36.59
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	-1.38	0.00	-0.92
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	-7.32	0.00	10.25
Shares Outstanding	7.89	7.78	7.67	7.57	-	-	-	-	-
Total Stockholders' Equity	97.74	91.31	87.75	86.30	83.26	78.18	75.53	70.98	51.53
Total Liabilities & Equity	160.46	152.10	145.72	143.65	101.91	94.79	110.21	109.48	97.93

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hennessy Advisors Balance Sheet

How much debt does Hennessy Advisors have?

Hennessy Advisors had total debt of $40.17M as of Sep 30, 2025, against $72.44M in cash and short-term investments. Its debt-to-equity ratio was 0.41. Total debt was $40.14M a year earlier.

What are Hennessy Advisors's total assets?

Hennessy Advisors reported total assets of $160.46M as of Sep 30, 2025, up 5.5% from $152.10M a year earlier. Total liabilities were $62.72M.

What is Hennessy Advisors's shareholders' equity?

Hennessy Advisors's shareholders' equity was $97.74M as of Sep 30, 2025, or about $12.39 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