Happy City Holdings Ltd key statistics and ratios

In fiscal 2025, Happy City Holdings Ltd had return on equity of -173.0%, an operating margin of -33.4%, debt equal to 150.7% of equity and a current ratio of 0.83. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Happy City Holdings Ltd: financial ratios, annual
Fiscal year	2023Aug 2023	2024Aug 2024	2025Aug 2025
Gross margin	11.4%	27.3%	12.6%
Operating margin	−14.7%	15.8%	−33.4%
Net margin	−16.1%	15.9%	−35.7%
Free-cash-flow margin	−10.2%	5.9%	−32.0%
Return on equity	—	—	−173.0%
Return on assets	—	18.9%	−32.4%
Asset turnover	—	1.19	0.91
Current ratio	—	0.57	0.83
Debt to equity	—	638.7%	150.7%
Interest cover (operating income ÷ interest)	n/m	7.2x	n/m
Effective tax rate	—	−0.3%	—
Capital spending as % of revenue	0.1%	9.3%	13.4%
Free cash flow ÷ net income	—	37.4%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · August 31, 2025

What it owns · $8m

Short-term assets $4mLonger-term assets $4m

What it owes, and who funded it · $8m

Short-term liabilities $5mLonger-term liabilities $1mShareholders' equity $2m

Short-term assets cover short-term liabilities $4m of assets due within a year against $5m of liabilities due within a year.
Short-term assets cover long-term liabilities $4m short-term assets against $819,931 of longer-dated liabilities.
More cash than debt $3m of cash against $6m of debt.
Debt below 40% of shareholders' equity Debt is 286% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$1m of operating cash flow against $6m of debt.
Operating profit covers interest at least five times over Operating income of −$2m against $228,514 of interest.

From Happy City Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Happy City Holdings Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Happy City Holdings Ltd.