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Retained earnings have deteriorated to a deficit of $10.1M in 2026Q1, reflecting the ongoing erosion of shareholder equity during the search for a business combination.
Hennessy Capital Investment Corp. VII (HVII) balance sheet — 2-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 |
|---|
| Cash & Short Term Investments | 4.25M | 984.25K | 20K |
| Cash & Due from Banks | 259.48K | 984.25K | 20K |
| Short Term Investments | 0 | 0 | 0 |
| Total Investments | 0 | 196.96M | 0 |
| Investments Growth % | 3.69% | - | - |
| Long-Term Investments | 585.27M | 196.96M | 0 |
| Accounts Receivables | 0 | 300K | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 |
| Other Assets | 200.14M | 0 | 952.43K |
| Total Current Assets | 623.52K | 1.33M | 40.83K |
| Total Non-Current Assets | 200.14M | 196.96M | 952.43K |
| Total Assets | 200.76M | 198.28M | 993.27K |
| Asset Growth % | 2.87% | 19862.89% | - |
| Return on Assets (ROA) | 1.87% | 3.7% | -4.83% |
| Accounts Payable | 0 | 0 | 0 |
| Total Debt | 0 | 0 | 76.79K |
| Net Debt | -259.48K | -984.25K | 56.78K |
| Long-Term Debt | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 76.79K |
| Other Liabilities | 11.23M | 10.05M | 0 |
| Total Current Liabilities | 131.25K | 326.95K | 566.22K |
| Total Non-Current Liabilities | 11.23M | 10.05M | 450K |
| Total Liabilities | 11.37M | 10.38M | 1.02M |
| Total Equity | -10.74M | 187.91M | -22.95K |
| Equity Growth % | 1.75% | 818798.51% | - |
| Equity / Assets (Capital Ratio) | -5.35% | 94.77% | -2.31% |
| Return on Equity (ROE) | 2.69% | 3.93% | - |
| Book Value per Share | -0.57 | 10.49 | -0.00 |
| Tangible BV per Share | -0.57 | 10.49 | -0.00 |
| Common Stock | 200.14M | 196.96M | 671 |
| Additional Paid-in Capital | 0 | 0 | 24.33K |
| Retained Earnings | -10.74M | -9.05M | -47.95K |
| Accumulated OCI | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 |
Quick answers to the most common questions about buying HVII stock.
As of 2025, Hennessy Capital Investment Corp. VII (HVII) had total assets of $198.3M including $1.3M in current assets.
Hennessy Capital Investment Corp. VII (HVII) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hennessy Capital Investment Corp. VII (HVII) has total shareholders' equity (book value) of $187.9M ($10.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Hennessy Capital Investment Corp. VII (HVII) reported a current ratio of 4.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Execution and Liquidation Risk
Metrics are mathematically derived from official filings.
Capital Erosion Amid Search Stagnation
As reported in financial statements, HVII's cash reserves have dwindled from $2.0M in 2025Q1 to $323.2K by 2026Q1, reflecting a persistent depletion of liquidity that underscores the company's inability to generate internal capital while the sponsor continues its search for a viable business combination target.
The consistent decline in cash balances suggests that the administrative costs of maintaining a public listing are rapidly consuming the available runway. This trajectory implies that the entity is approaching a critical juncture where either a merger must be finalized or additional capital injections from the sponsor will be required to avoid liquidation.
Diminishing Buffer Against Operational Costs
Based on 2026Q1 data, the current ratio has compressed to 6.82 from a peak of 15.21 in 2025Q1, indicating that the company's liquidity buffer is narrowing significantly as administrative liabilities accumulate relative to the remaining cash on hand available for operational expenses.
While a current ratio of 6.82 may appear superficially healthy, it masks the reality that the company lacks any revenue-generating assets to replenish its cash position. Investors should monitor this trend closely, as the rapid contraction in liquidity suggests that the company's capacity to sustain its search phase is becoming increasingly constrained.
Accumulated Deficits Dilute Equity Quality
According to recent SEC filings, the company's retained earnings have deteriorated to a deficit of $10.1M in 2026Q1, down from $6.2M in 2025Q1, which highlights the ongoing erosion of shareholder equity driven by persistent administrative expenses and the absence of any offsetting operational income.
The widening deficit in retained earnings serves as a clear indicator of the value destruction inherent in the SPAC search process. This trend suggests that the equity base is being steadily hollowed out, which may ultimately impact the valuation available to shareholders in the event of a merger or liquidation.
Hidden Liabilities Obscure True Solvency
As indicated by the balance sheet, the reported $10.8M in total liabilities fails to account for significant deferred underwriting fees and potential sponsor obligations that only crystallize upon a successful business combination, creating a misleading picture of the company's actual net worth and financial obligations.
These off-balance-sheet commitments represent a substantial hurdle that could significantly dilute the value of the common stock upon a deal closing. Investors should be wary of relying on headline equity figures, as the true economic liability of the entity is likely understated until a definitive agreement is reached.