HERZING UNIVERSITY LTD
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$189,354,313
Investments
35%
Other Assets
35%
Property, Plant, & Equipment (net)
16%
Cash & Equivalents
8%
Receivables (Non-Related)
4%
Prepaid Expenses
2%
Related-Party Receivables
<1%
Inventories
0%
Liabilities in 2024 (Year End)
$66,096,804
Other Liabilities
43%
Payables & Accruals
36%
Notes Payable / Debt (Non-Related)
16%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,276,551
$16,042,986
+73%
Receivables (Non-Related)
$5,261,073
$6,631,821
+26%
Related-Party Receivables
$100,000
$50,000
-50%
Inventories
-
-
-
Prepaid Expenses
$3,713,750
$4,279,541
+15%
Investments
$49,815,084
$66,863,988
+34%
Property, Plant, & Equipment (net)
$29,779,696
$29,844,935
+0%
Other Assets
$68,203,730
$65,641,042
-4%
Total Assets
$166,149,884
$189,354,313
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$17,719,168
$23,672,875
+34%
Grants Payable
-
-
-
Deferred Revenue
$2,565,664
$3,467,302
+35%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$10,926,784
$10,549,285
-3%
Related-Party Payables
-
-
-
Other Liabilities
$29,042,533
$28,407,342
-2%
Total Liabilities
$60,254,149
$66,096,804
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$925,548
$1,240,720
+34%
Unrestricted Net Assets
$104,970,187
$122,016,789
+16%
Net assets
2023
2024
Change
Net assets
+$105,895,735
+$123,257,509
+16%
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