HEOL · As filed with the SEC

Highwater Ethanol balance sheet, by quarter

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.

Condensed Balance Sheets · USD

USD	Q3 FY26 Jul 31, 2026	Q2 FY26 Apr 30, 2026	Q1 FY26 Jan 31, 2026	Q4 FY25 Oct 31, 2025
Current Assets
Cash and cash equivalents	34,875,358	22,972,399	19,784,199	23,450,627
Derivative instruments	525,095	313,207	278,607	488,535
Accounts receivable	2,530,573	2,572,798	1,995,103	1,888,340
Inventories	19,211,048	15,942,412	14,702,350	16,831,809
Prepaids and other	307,135	488,778	691,761	763,863
Total current assets	57,449,209	42,289,594	37,452,020	43,423,174
Property and Equipment
Land and land improvements	13,223,836	13,223,836	13,223,836	13,223,836
Buildings	40,488,280	40,488,280	40,488,280	40,119,360
Office equipment	1,344,929	1,314,147	1,314,147	1,314,147
Plant and process equipment	99,081,377	99,081,377	99,052,210	95,598,573
Vehicles	193,039	193,039	193,039	193,039
Construction in progress	4,673,247	608,593	616,001	3,076,940
Gross property and equipment	159,004,708	154,909,272	154,887,513	153,525,895
Less accumulated depreciation	(128,276,973)	(126,752,790)	(125,212,885)	(123,666,862)
Net property and equipment	30,727,735	28,156,482	29,674,628	29,859,033
Other Assets
Investments	5,197,369	5,136,744	5,284,834	5,244,803
Right of use asset - finance lease	446,205	480,529	514,852	549,175
Deposits	554,030	549,199	544,402	462,125
Tax credits	9,500,000	17,329,780	13,929,780	10,400,000
Total other assets	15,697,604	23,496,252	20,273,868	16,656,103
Total Assets	103,874,548	93,942,328	87,400,516	89,938,310
Current Liabilities
Accounts payable	6,085,342	7,188,227	9,148,378	10,256,618
Accrued expenses	1,304,333	1,058,524	815,884	1,167,215
Current portion of finance lease liability	153,423	151,333	149,271	147,237
Total Current Liabilities	7,543,098	8,398,084	10,113,533	11,571,070
Long-Term Liabilities
Finance lease liability, net of current portion	377,592	416,740	455,355	493,444
Total Long-Term Liabilities	377,592	416,740	455,355	493,444
Members' Equity
Members' equity, 4,749 and 4,752 units outstanding, respectively	95,953,858	85,127,504	76,831,628	77,873,796
Total Liabilities and Members’ Equity	103,874,548	93,942,328	87,400,516	89,938,310

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