Happy City Holdings Limited (HCHL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Jan 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HCHL SEC filings page.
Happy City Holdings Limited (HCHL) reported $6.8M in revenue for fiscal year 2025, down 18.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability is highly cyclical: margin compression turns earnings negative while financing flows cushion a still-tight short-term balance sheet.
The swing from FY2024 operating income of$1.3M to FY2025 operating income of-$2.3M tracked gross-margin compression from27.3% to12.6% , so the main earnings shock occurred before interest. FY2025 operating cash flow of-$1.3M and free cash flow of-$2.2M show the loss was cash-consuming, not merely an accounting result.
Equity expanded to
The reported 34.9 months of liquidity compares cash and investments with one year of reported operating outflow, but short-term obligations still exceeded current assets because the current ratio was 0.8x. Capital spending of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Happy City Holdings Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Happy City Holdings Limited has an operating margin of -33.5%, meaning the company loses $33 on every $100 of revenue. This results in a profitability score of 17/100. This is down from 15.8% the prior year.
Happy City Holdings Limited's revenue declined 18.0% year-over-year, from $8.3M to $6.8M. This contraction results in a growth score of 32/100.
Happy City Holdings Limited has a moderate D/E ratio of 1.43. This balance of debt and equity financing earns a leverage score of 39/100.
Happy City Holdings Limited's current ratio of 0.83 is below the typical benchmark, resulting in a score of 12/100. However, the company holds substantial cash reserves (67% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Happy City Holdings Limited's operations used $1.3M of cash, and capex of $908K added to the outflow, for a free cash flow shortfall of $2.2M. This results in a cash flow score of 9/100.
Happy City Holdings Limited posts a -110.1% return on equity (ROE), meaning it loses $110 for every $100 of shareholders' equity. This results in a returns score of 11/100. This is down from 219.2% the prior year.
Happy City Holdings Limited scores 11.54, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($118.2M) relative to total liabilities ($5.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Happy City Holdings Limited passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Happy City Holdings Limited reported a net loss of $2.4M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Happy City Holdings Limited reported an operating loss of $2.3M against $229K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Happy City Holdings Limited held $3.4M in cash against $3.2M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
HCHL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HCHL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F |
|---|---|---|
| Total Assets | $8.0M+15.0% | $7.0M |
| Current Assets | $4.2M+32.5% | $3.1M |
| Cash & Equivalents | $3.4M+14.8% | $2.9M |
| Short-Term Investments | $317K | $0 |
| Inventory | $35K-7.8% | $38K |
| Accounts Receivable | $32K-10.4% | $35K |
| Long-Term Investments | $0 | $0 |
| Total Liabilities | $5.8M-8.8% | $6.4M |
| Current Liabilities | $5.0M-9.8% | $5.5M |
| Non-Current Liabilities | $820K-2.1% | $838K |
| Long-Term Debt | $3.2M-9.2% | $3.5M |
| Total Equity | $2.2M+266.5% | $602K |
| Retained Earnings | -$2.6M-1674.4% | -$145K |
Not reported in any period shown, so not listed: Goodwill.
HCHL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
HCHL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.83), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Happy City Holdings Limited Ranks
Frequently Asked Questions
What is Happy City Holdings Limited's annual revenue?
Happy City Holdings Limited (HCHL) reported $6.8M in total revenue for fiscal year 2025. This represents a -18.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Happy City Holdings Limited's revenue growing?
Happy City Holdings Limited (HCHL) revenue declined by 18.0% year-over-year, from $8.3M to $6.8M in fiscal year 2025.
Is Happy City Holdings Limited profitable?
No, Happy City Holdings Limited (HCHL) reported a net income of -$2.4M in fiscal year 2025, with a net profit margin of -35.7%.
What is Happy City Holdings Limited's EBITDA?
Happy City Holdings Limited (HCHL) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Happy City Holdings Limited have?
As of fiscal year 2025, Happy City Holdings Limited (HCHL) had $3.4M in cash and equivalents against $3.2M in long-term debt.
What is Happy City Holdings Limited's gross margin?
Happy City Holdings Limited (HCHL) had a gross margin of 12.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Happy City Holdings Limited's operating margin?
Happy City Holdings Limited (HCHL) had an operating margin of -33.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Happy City Holdings Limited's net profit margin?
Happy City Holdings Limited (HCHL) had a net profit margin of -35.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Happy City Holdings Limited's return on equity (ROE)?
Happy City Holdings Limited (HCHL) has a return on equity of -110.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Happy City Holdings Limited's free cash flow?
Happy City Holdings Limited (HCHL) recorded an outflow of $2.2M in free cash flow during fiscal year 2025. This represents a -541.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Happy City Holdings Limited's operating cash flow?
Happy City Holdings Limited (HCHL) recorded an outflow of $1.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Happy City Holdings Limited's total assets?
Happy City Holdings Limited (HCHL) had $8.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Happy City Holdings Limited's capital expenditures?
Happy City Holdings Limited (HCHL) invested $908K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Happy City Holdings Limited's current ratio?
Happy City Holdings Limited (HCHL) had a current ratio of 0.83 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Happy City Holdings Limited's debt-to-equity ratio?
Happy City Holdings Limited (HCHL) had a debt-to-equity ratio of 1.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Happy City Holdings Limited's return on assets (ROA)?
Happy City Holdings Limited (HCHL) had a return on assets of -30.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Happy City Holdings Limited's P/E ratio?
Happy City Holdings Limited (HCHL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $118.2M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Happy City Holdings Limited's price-to-sales ratio?
Happy City Holdings Limited (HCHL) trades at 17.4x sales, its market capitalization divided by revenue of $6.8M revenue, FY2025. The market capitalization is $118.2M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Happy City Holdings Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Happy City Holdings Limited (HCHL) held $3.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.3M over that year. Dividing the one by the other, the reported balance equals about 35 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Happy City Holdings Limited's Altman Z-Score?
Happy City Holdings Limited (HCHL) has an Altman Z-Score of 11.54, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Happy City Holdings Limited's Piotroski F-Score?
Happy City Holdings Limited (HCHL) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Happy City Holdings Limited's earnings high quality?
Happy City Holdings Limited (HCHL) reported a net loss of $2.4M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Happy City Holdings Limited cover its interest payments?
Happy City Holdings Limited (HCHL) reported an operating loss of $2.3M against $229K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Happy City Holdings Limited?
Happy City Holdings Limited (HCHL) scores 20 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.