HEOL · As filed with the SEC

Highwater Ethanol balance sheet, by fiscal year

The statement as Highwater Ethanol presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Balance Sheets · USD

USD	FY2025 Oct 31, 2025	FY2024 Oct 31, 2024	FY2023 Oct 31, 2023	FY2022 Oct 31, 2022	FY2020 Oct 31, 2021	FY2020 Oct 31, 2020	FY2019 Oct 31, 2019	FY2018 Oct 31, 2018
Current Assets
Cash and cash equivalents	23,450,627	33,830,684	41,519,800	29,790,258	7,549,008	667,317	1,639,114	430,702
Derivative instruments	488,535	725,159	923,251	743,514	368,269	260,397	469,740	942,885
Accounts receivable	1,888,340	3,280,357	2,935,253	3,970,064	7,788,574	3,797,905	2,961,977	1,316,129
Inventories	16,831,809	14,246,991	16,113,187	19,197,522	14,748,142	10,677,970	7,367,356	8,068,691
Prepaids and other	763,863	817,885	756,026	989,188	719,699	301,747	166,243	91,595
Total current assets	43,423,174	52,901,076	62,247,517	54,690,546	31,173,692	15,705,336	12,604,430	10,850,002
Property and Equipment
Land and land improvements	13,223,836	13,210,145	13,210,145	13,152,403	12,836,332	12,836,332	12,836,332	12,647,512
Buildings	40,119,360	40,119,360	38,862,183	38,848,218	38,848,218	38,818,532	38,818,532	38,818,532
Office equipment	1,314,147	1,251,682	1,231,526	1,223,869	1,171,866	1,164,313	1,151,330	1,151,330
Plant and process equipment	95,598,573	88,359,673	87,740,728	87,235,438	86,425,155	79,087,375	78,050,785	76,467,906
Vehicles	193,039	160,259	160,259	123,779	123,779	123,779	123,779	74,094
Construction in progress	3,076,940	4,681,641	1,072,117	426,294	193,244	2,547,117	278,333	445,455
Gross property and equipment	153,525,895	147,782,760	142,276,958	141,010,001	139,598,594	134,577,448	131,259,091	129,604,829
Less accumulated depreciation	(123,666,862)	(118,140,653)	(109,998,247)	(100,585,625)	(90,919,014)	(81,868,902)	(72,784,587)	(63,874,604)
Net property and equipment	29,859,033	29,642,107	32,278,711	40,424,376	48,679,580	52,708,546	58,474,504	65,730,225
Other Assets
Investments	5,244,803	5,029,580	4,876,963	3,823,638	3,452,027	3,113,078	2,752,266	2,775,257
Right of use asset - operating leases	—	0	110,040	267,731	417,001	558,300	—	—
Right of use asset - finance lease	549,175	686,469	823,763	961,057	1,098,351	1,235,645	—	—
Other	—	0	208,232	708,232	1,208,232	—	—	—
Deposits	462,125	442,724	493,330	312,269	312,269	409,283	191,457	191,457
Tax credits	10,400,000	—	—	—	—	—	—	—
Total other assets	16,656,103	6,158,773	6,512,328	6,072,927	6,487,880	5,316,306	2,943,723	2,966,714
Total Assets	89,938,310	88,701,956	101,038,556	101,187,849	86,341,152	73,730,188	74,022,657	79,546,941
Current Liabilities
Accounts payable	10,256,618	17,161,828	18,760,447	20,068,351	16,790,834	8,613,714	6,908,305	4,149,907
Accrued expenses	1,167,215	1,113,693	1,562,707	1,521,820	1,272,463	1,047,786	1,156,038	1,161,340
Current maturities of long-term debt	—	—	—	0	2,991,291	2,835,045	2,729,739	2,715,436
Current portion of operating lease liability	—	0	110,038	157,691	149,271	141,300	—	—
Current portion of finance lease liability	147,237	139,375	131,933	124,889	118,220	111,908	—	—
Current liabilities	11,571,070	18,414,896	20,565,125	21,872,751	21,322,079	12,749,753	10,794,082	8,026,683
Long-Term Liabilities
Long term debt	—	—	—	0	499,000	9,845,051	7,244,124	7,222,371
Operating lease liability	—	—	0	110,040	267,730	417,000	—	—
Finance lease liability	493,444	640,682	780,059	911,990	1,036,880	1,155,099	—	—
Total Long-Term Liabilities	493,444	640,682	780,059	1,022,030	1,803,610	11,417,150	—	—
Members' Equity
Members' equity, 4,752 and 4,754 units outstanding, respectively	77,873,796	69,646,378	79,693,372	78,293,068	63,215,463	49,563,285	55,984,451	64,297,887
Total Liabilities and Members’ Equity	89,938,310	88,701,956	101,038,556	101,187,849	86,341,152	73,730,188	74,022,657	79,546,941

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.