HPAI maintains a conservative capital structure with a negligible 0.37% debt-to-equity ratio, though this lack of leverage may limit its capacity for future infrastructure investment.
| Metric | Jun'24 | Jun'23 | Jun'22 |
|---|
| Total Current Assets | 24.75M | 14.69M | 2.47M |
| Cash & Short-Term Investments | 2.58M | 142.4K | 8.4K |
| Cash Only | 2.58M | 142.4K | 8.4K |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 21.32M | 14.55M | 2.46M |
| Days Sales Outstanding | 263.05 | 417.12 | 337.07 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 817.87K | 0 | 0 |
| Total Non-Current Assets | 2.43M | 4.08M | 6.42M |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 2.43M | 4.08M | 6.42M |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 |
| Total Assets | 27.18M | 18.77M | 8.89M |
| Asset Turnover | 1.09x | 0.68x | 0.30x |
| Asset Growth % | 44.79% | 111.18% | - |
| Total Current Liabilities | 14.13M | 13.09M | 8.02M |
| Accounts Payable | 284.07K | 10.16M | 7.61M |
| Days Payables Outstanding | 9.43 | 759.39 | 2.23K |
| Short-Term Debt | 4.89M | 151.6K | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 |
| Other Current Liabilities | 0 | -151.6K | 0 |
| Current Ratio | 1.75x | 1.12x | 0.31x |
| Quick Ratio | 1.75x | 1.12x | 0.31x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 14.13M | 13.09M | 8.02M |
| Total Debt | 4.89M | 151.6K | 0 |
| Net Debt | 2.31M | 9.2K | -8.4K |
| Debt / Equity | 0.37x | 0.03x | - |
| Debt / EBITDA | 0.42x | 0.02x | - |
| Net Debt / EBITDA | 0.20x | 0.00x | -0.01x |
| Interest Coverage | 40.57x | 730.01x | 166.40x |
| Total Equity | 13.05M | 5.68M | 869.38K |
| Equity Growth % | 129.64% | 553.81% | - |
| Book Value per Share | 0.35 | 0.15 | 0.03 |
| Total Shareholders' Equity | 13.05M | 5.68M | 869.38K |
| Common Stock | 156 | 156 | 156 |
| Retained Earnings | 13.05M | 5.68M | 861.82K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Liquidity and regulatory exposure
As reported in financial statements, HPAI maintains a cash position of only $2.58 million against $29.5 million in revenue, which suggests a precarious liquidity buffer that may struggle to support the company's 132% year-over-year growth trajectory without requiring external capital or additional financing.
The low cash-to-revenue ratio indicates that the company is operating with minimal margin for error regarding its working capital cycle. Investors should monitor whether this tight liquidity is a result of aggressive reinvestment into AI infrastructure or a sign of delayed collections from its PRC-based client base.
Based on the company's reported figures, HPAI operates with a negligible 0.37% debt-to-equity ratio, which implies that management has largely avoided traditional credit markets to fund its expansion, potentially due to limited access or a strategic preference for avoiding interest-bearing obligations during this high-growth phase.
While the lack of debt minimizes interest expense and default risk, it also suggests that the firm may be constrained by its own internal cash generation. This reliance on equity or operational cash flow may become a bottleneck if the company needs to scale its proprietary AI infrastructure rapidly.
According to recent SEC filings, HPAI's balance sheet appears increasingly strained as the company's rapid 132% revenue expansion outpaces its cash accumulation, signaling that the firm's current growth model may be inherently capital-intensive and potentially unsustainable without a more robust liquidity foundation.
The trajectory suggests a business model that is successfully capturing market share but failing to convert that success into a fortress-like balance sheet. This divergence between top-line performance and liquidity strength warrants further investigation into the firm's long-term ability to self-fund its operations.
As indicated by the company's financial profile, the significant gap between reported revenue of $29.5 million and the limited cash balance suggests that a substantial portion of earnings may be tied up in unbilled receivables or contract assets, which could mask underlying cash flow volatility.
The reliance on non-cash assets to support headline revenue growth introduces a risk of future impairment or collection delays. Analysts should scrutinize the quality of these receivables to determine if the reported profitability is truly reflective of cash-generative business activity.
Quick answers to the most common questions about buying HPAI stock.
As of 2024, Helport AI Limited (HPAI) had total assets of $27.2M including $24.8M in current assets.
Helport AI Limited (HPAI) carries total debt of $4.9M, offset by $2.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Helport AI Limited (HPAI) has total shareholders' equity (book value) of $13.1M ($0.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Helport AI Limited (HPAI) reported a current ratio of 1.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.