Pineapple Financial (PAPL) Balance Sheet: Assets & Liabilities

Pineapple Financial (PAPL) Balance Sheet

As of Nov 30, 2025 (end of fiscal 2025), Pineapple Financial reported total assets of $5.42M and total liabilities of $4.51M. Shareholders' equity was $906.68K, down 32.8% from $1.35M a year earlier. Total debt stood at $1.33M against $2.12M in cash and short-term investments, a net cash position of $788.29K. That puts debt-to-equity at 1.47, compared with 0.72 a year earlier.

Pineapple Financial 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 Pineapple Financial Inc. (PAPL) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Nov 2025	Aug 2025	Nov 2024	Aug 2024	Nov 2023	Aug 2023	Aug 2022	Aug 2021	Aug 2020
Current Assets
Cash and Cash Equivalents	2.12	2.12	0.58	0.58	0.72	0.72	3.90	7.01	0.29
Cash & Short-Term Investments	2.12	2.12	0.58	0.58	0.72	0.72	3.90	7.01	0.29
Accounts Receivable	0.09	0.14	0.16	0.06	0.76	0.76	0.10	0.07	0.01
Inventory	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Other Current Assets	0.11	0.11	0.16	0.16	0.22	0.22	0.48	0.15	0.09
Total Current Assets	2.32	2.32	0.89	0.89	1.70	1.70	4.48	7.23	0.39
Non-Current Assets
Property, Plant & Equipment (Net)	0.59	0.59	0.98	0.98	1.20	1.20	1.20	0.32	0.01
Long-Term Investments	0.01	0.01	0.01	0.01	0.01	0.01	0.04	0.04	0.00
Intangible Assets	2.50	2.50	2.21	2.21	1.72	1.72	0.70	0.00	0.00
Other Non-Current Assets	0.00	-	0.00	-	0.00	-	0.00	0.00	-0.31
Total Non-Current Assets	3.10	3.10	3.20	3.20	2.93	2.93	1.94	0.36	0.02
Total Assets	5.42	5.42	4.10	4.10	4.63	4.63	6.43	7.58	0.31
Current Liabilities
Accounts Payable	2.13	2.13	1.13	1.13	0.00	0.61	0.78	0.40	0.16
Short-Term Debt	0.77	0.63	0.16	-	0.57	0.43	0.00	0.05	0.01
Deferred Revenue	0.11	0.11	0.00	0.11	0.00	-	0.00	0.00	0.00
Other Current Liabilities	0.00	-	0.11	-	0.61	-	0.78	0.00	0.02
Total Current Liabilities	3.00	3.00	1.40	1.40	1.17	1.17	0.78	0.45	0.20
Non-Current Liabilities
Long-Term Debt	0.56	0.56	0.82	0.82	0.97	0.97	1.02	0.21	0.00
Other Non-Current Liabilities	0.63	0.63	0.04	0.04	0.00	-	0.00	0.00	0.00
Total Non-Current Liabilities	1.51	1.51	1.35	1.35	1.67	1.67	1.02	0.21	-0.14
Total Liabilities	4.51	4.51	2.75	2.75	2.84	2.84	1.80	0.66	0.15
Stockholders' Equity
Common Stock	11.62	11.62	8.56	8.56	4.90	4.90	4.90	4.90	0.00
Retained Earnings	-13.40	-13.40	-9.76	-9.76	-5.66	-5.66	-2.85	-0.04	0.15
Accumulated Other Comprehensive Income	-0.51	-0.51	-0.41	-0.41	-0.42	-0.42	-0.35	-0.15	0.00
Additional Paid-in Capital	3.19	3.10	2.96	2.96	2.96	2.96	2.92	2.20	-0.15
Minority Interest	0.00	-	0.00	-	0.00	-	0.00	0.00	-0.28
Shares Outstanding	-	1.34	-	0.42	-	0.36	0.36	-	-
Total Stockholders' Equity	0.91	0.91	1.35	1.35	1.79	1.79	4.63	6.92	0.16
Total Liabilities & Equity	5.42	5.42	4.10	4.10	4.63	4.63	6.43	7.58	0.31

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

Frequently Asked Questions About Pineapple Financial Balance Sheet

How much debt does Pineapple Financial have?

Pineapple Financial had total debt of $1.33M as of Nov 30, 2025, against $2.12M in cash and short-term investments. Its debt-to-equity ratio was 1.47. Total debt was $977.11K a year earlier.

What are Pineapple Financial's total assets?

Pineapple Financial reported total assets of $5.42M as of Nov 30, 2025, up 32.2% from $4.10M a year earlier. Total liabilities were $4.51M.

What is Pineapple Financial's shareholders' equity?

Pineapple Financial's shareholders' equity was $906.68K as of Nov 30, 2025.

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