The company's financial position has deteriorated significantly, with total equity falling to negative $20.7K and cash reserves dwindling to $278K as of 2026Q2.
Kaival Brands Innovations Group, Inc. (KAVL) balance sheet — 8-year assets, liabilities & shareholders' equity history
| Metric | TTM | Oct'25 | Oct'24 | Oct'23 | Oct'22 | Oct'21 | Oct'20 | Oct'19 | Oct'18 |
|---|
| Total Current Assets | 276.73K | 669.26K | 4.51M | 6.91M | 9.07M | 30.13M | 8.85M | 0 | 0 |
| Cash & Short-Term Investments | 133.22K | 534.41K | 3.9M | 533.66K | 3.69M | 7.76M | 7.42M | 0 | 0 |
| Cash Only | 133.22K | 534.41K | 3.9M | 533.66K | 3.69M | 7.76M | 7.42M | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 135.25K | 120K | 263.57K | 1.87M | 3.72M | 1.99M | 1.42M | 0 | 0 |
| Days Sales Outstanding | 165.66 | 936.8 | 13.97 | 52.13 | 106.44 | 12.33 | 8.04 | - | - |
| Inventory | 0 | 0 | 0 | 4.07M | 1.24M | 15.33M | 6.38K | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 141.38 | 39.28 | 119.42 | 0.04 | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 4.74M | 0 | 0 | 0 |
| Total Non-Current Assets | 21K | 0 | 11.49M | 12.48M | 3.36M | 55.6K | 70.13K | 0 | 0 |
| Property, Plant & Equipment | 0 | 0 | 812.18K | 1.01M | 1.2M | 55.6K | 70.13K | 0 | 0 |
| Fixed Asset Turnover | - | - | 8.48x | 12.94x | 10.64x | 1057.05x | 917.03x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 10.68M | 11.47M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 21K | 0 | 0 | 0 | 2.16M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 297.73K | 669.26K | 16M | 19.39M | 12.44M | 30.19M | 8.92M | 0 | 0 |
| Asset Turnover | 0.48x | 0.07x | 0.43x | 0.68x | 1.03x | 1.95x | 7.21x | - | - |
| Asset Growth % | -383.15% | -95.82% | -17.44% | 55.87% | -58.8% | 238.64% | - | - | - |
| Total Current Liabilities | 542.13K | 569.29K | 1.53M | 4.96M | 1.59M | 13.82M | 4.44M | 44.89K | 3K |
| Accounts Payable | 437.13K | 349.29K | 57.5K | 2.85M | 40.02K | 12.91M | 1.41M | 0 | 0 |
| Days Payables Outstanding | 599.97 | -291.14 | 4.9 | 98.93 | 1.27 | 100.6 | 9.48 | - | - |
| Short-Term Debt | 0 | 0 | 207.62K | 799.47K | 166.05K | 13.02K | 11.71K | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 392.41K | 280.25K | 316.8K | 623.1K | 0 | 0 |
| Other Current Liabilities | 0 | 50K | 0 | 0 | 0 | 0 | 1.32M | 0 | 0 |
| Current Ratio | 0.51x | 1.18x | 2.95x | 1.39x | 5.72x | 2.18x | 1.99x | - | - |
| Quick Ratio | 0.51x | 1.18x | 2.95x | 0.57x | 4.94x | 1.07x | 1.99x | - | - |
| Cash Conversion Cycle | -434.31 | - | - | 94.59 | 144.45 | 31.15 | -1.4 | - | - |
| Total Non-Current Liabilities | 0 | 0 | 662.27K | 866.21K | 1.05M | 46.19K | 59.2K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 662.27K | 866.21K | 1.05M | 46.19K | 59.2K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 542.13K | 569.29K | 2.19M | 5.83M | 2.64M | 13.87M | 4.5M | 44.89K | 3K |
| Total Debt | 0 | 0 | 1.07M | 1.85M | 1.22M | 59.2K | 70.91K | 0 | 0 |
| Net Debt | -133.22K | -534.41K | -2.83M | 1.32M | -2.47M | -7.7M | -7.35M | 0 | 0 |
| Debt / Equity | -0.00x | - | 0.08x | 0.14x | 0.12x | 0.00x | 0.02x | - | - |
| Debt / EBITDA | -0.00x | - | - | - | - | - | 0.01x | - | - |
| Net Debt / EBITDA | 0.06x | - | - | - | - | - | -1.37x | - | - |
| Interest Coverage | - | -1844.97x | -8.16x | -22.86x | - | - | - | - | - |
| Total Equity | -244.41K | 99.97K | 13.82M | 13.56M | 9.8M | 16.32M | 4.42M | -44.89K | -3K |
| Equity Growth % | -397.96% | -99.28% | 1.91% | 38.33% | -39.96% | 269.53% | 9941.84% | -1396.2% | - |
| Book Value per Share | -0.02 | 0.01 | 3.20 | 4.98 | 5.18 | 14.28 | 2.16 | -0.02 | -0.00 |
| Total Shareholders' Equity | -244.41K | 99.97K | 13.82M | 13.56M | 9.8M | 16.32M | 4.42M | -44.89K | -3K |
| Common Stock | 19.54K | 11.59K | 8.52K | 2.79K | 56.17K | 30.2K | 277.28K | 572.37K | 572.37K |
| Retained Earnings | -55.53M | -54.09M | -37.46M | -30.76M | -19.63M | -5.26M | 3.77M | -73.22K | -4.38K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -544.03K | -570.99K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying KAVL stock.
As of 2025, Kaival Brands Innovations Group, Inc. (KAVL) had total assets of $0.7M including $0.7M in current assets.
Kaival Brands Innovations Group, Inc. (KAVL) carries total debt of $0.0M, offset by $0.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Kaival Brands Innovations Group, Inc. (KAVL) has total shareholders' equity (book value) of $0.1M ($0.01 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Kaival Brands Innovations Group, Inc. (KAVL) reported a current ratio of 1.18x. 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
Imminent Liquidity Exhaustion
Metrics are mathematically derived from official filings.
Rapid Erosion of Equity Base
As reported in recent financial filings, KAVL's total equity has deteriorated from $13.8 million in 2024Q4 to a negative $20.7 thousand by 2026Q2, signaling a severe and accelerating depletion of shareholder value driven by persistent operating losses and the absence of a functional revenue-generating business model.
The transition to negative equity suggests that the company's liabilities now exceed its total assets, a critical threshold that often precedes restructuring or insolvency. Investors should monitor whether the company can secure additional capital to restore a positive equity position, as the current trajectory indicates a total loss of book value.
Critical Cash Runway Constraints
Based on the company's latest balance sheet data, cash reserves have dwindled to $278,000 as of 2026Q2, representing a significant decline from the $4.5 million held in 2024Q3, which leaves the firm with an extremely narrow buffer against ongoing legal and administrative cash outflows.
The current ratio of 0.95 indicates that current assets are insufficient to cover short-term obligations, suggesting that the company may struggle to meet its immediate financial commitments. This liquidity profile appears highly precarious and warrants investigation into the firm's ability to continue as a going concern without immediate external funding.
Asset Base Lacks Tangible Value
According to historical balance sheet records, the company's asset base has shrunk from $17.5 million in 2024Q3 to just $423,800 in 2026Q2, primarily due to the total disappearance of goodwill and the absence of meaningful property, plant, or equipment to support future operations.
The complete write-down of goodwill suggests that previous acquisitions or intangible assets have failed to provide the expected economic benefits, leaving the company with almost no tangible assets. This asset-light structure may imply that the firm's only remaining value is tied to its legal claims rather than operational infrastructure.
Hidden Risks in Financial Structure
While the company reports zero debt in the most recent quarter, the underlying financial data suggests that the absence of leverage is a symptom of restricted access to capital markets rather than a strategic choice, as evidenced by the rapid depletion of cash and negative retained earnings.
The reliance on equity-based funding to cover operating deficits creates a risk of extreme dilution for existing shareholders, which may not be fully captured by headline debt metrics. Investors should be wary that the lack of debt does not equate to financial health, as the company's structural insolvency remains a primary concern.