Highwater Ethanol, LLC (HEOL)

Highwater Ethanol, LLC Balance Sheet

Financials in millions USD. Fiscal year is November - October.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Cash & Equivalents	34.88	23.45	33.83	41.52	29.79	7.55
Cash & Short-Term Investments	34.88	23.45	33.83	41.52	29.79	7.55
Cash Growth	151.85%	-30.68%	-18.52%	39.37%	294.63%	1031.25%
Accounts Receivable	1.96	1.33	2.04	1.81	3.31	7.79
Other Receivables	0.57	0.56	1.24	1.12	0.66	-
Receivables	2.53	1.89	3.28	2.94	3.97	7.79
Inventory	19.21	16.83	14.25	16.11	19.2	14.75
Prepaid Expenses	0.31	0.76	0.82	0.76	0.99	0.72
Other Current Assets	0.53	0.49	0.73	0.92	0.74	0.37
Total Current Assets	57.45	43.42	52.9	62.25	54.69	31.17
Property, Plant & Equipment	31.17	30.41	30.33	33.21	41.65	50.19
Long-Term Investments	5.2	5.24	5.03	4.88	3.82	3.45
Other Long-Term Assets	10.05	10.86	0.44	0.7	1.02	1.52
Total Assets	103.87	89.94	88.7	101.04	101.19	86.34

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Accounts Payable	6.09	10.26	17.16	18.76	20.07	16.79
Accrued Expenses	1.3	1.17	1.11	1.56	1.52	1.27
Current Portion of Long-Term Debt	-	-	-	-	-	2.99
Current Portion of Leases	0.15	0.15	0.14	0.24	0.28	0.27
Total Current Liabilities	7.54	11.57	18.41	20.57	21.87	21.32
Long-Term Debt	-	-	-	-	-	0.5
Long-Term Leases	0.38	0.49	0.64	0.78	1.02	1.3
Total Liabilities	7.92	12.06	19.06	21.35	22.89	23.13

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Common Stock	95.95	77.87	69.65	79.69	78.29	63.22
Shareholders' Equity	95.95	77.87	69.65	79.69	78.29	63.22
Total Liabilities & Equity	103.87	89.94	88.7	101.04	101.19	86.34

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Total Debt	0.53	0.64	0.78	1.02	1.3	5.06
Net Cash (Debt)	34.34	22.81	33.05	40.5	28.49	2.49
Net Cash Growth	160.75%	-30.99%	-18.39%	42.17%	1045.56%	-
Working Capital	49.91	31.85	34.49	41.68	32.82	9.85
Tangible Book Value	95.95	77.87	69.65	79.69	78.29	63.22
Land	13.22	13.22	13.21	13.21	13.15	12.84
Buildings	40.49	40.12	40.12	38.86	38.85	38.85
Machinery	100.62	97.11	89.77	89.13	88.58	87.72
Construction In Progress	4.67	3.08	4.68	1.07	0.43	0.19

Data Source: S&P Global Market Intelligence Last updated: Sep 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 19, 2026

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