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Hovnanian Enterprises Balance Sheet 2025-2008 | HOV
Brief balance sheet overview of Hovnanian Enterprises
The comparison uses five available annual reports from the 2021–2025 interval.
Over the period, assets gained +13.5%, moving from $2.3 billion to $2.6 billion. CAGR near 3.2% shows consistent growth.
Growth in the asset base was not matched by liabilities: +13.5% versus -15.9%. The balance sheet moved in a more conservative direction.
Equity finances 31.5% of the balance sheet, compared with 7.6% at the start. The cushion remains adequate.
Accumulated earnings ended at $127.3 million, a change of +122.4%. They remain an important part of the capital base.
What the balance sheet shows
Hovnanian Enterprises's balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet Hovnanian Enterprises
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | - | - | - | 1.57 B | 1.38 B | 1.29 B | 1.54 B | 1.91 B | 1.59 B | 1.37 B | 1.34 B | 1.4 B | - | - | - |
Long Term Debt |
901 M | 896 M | 1.05 B | 1.15 B | 1.25 B | 1.57 B | 1.7 B | 1.57 B | 1.76 B | 1.89 B | 2.16 B | 1.86 B | 1.7 B | 1.54 B | 1.6 B | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 2.17 B | 1.94 B | 2.18 B | 2.26 B | 2.48 B | 2.2 B | 2.01 B | 1.55 B | 1.64 B | - | - | - |
Total Liabilities |
1.8 B | 1.81 B | 1.91 B | 2.18 B | 2.15 B | 2.26 B | 2.37 B | 2.12 B | 2.36 B | 2.51 B | 2.73 B | 2.41 B | 2.19 B | 2.17 B | 2.1 B | 2.16 B | - | - |
Deferred Revenue |
- | - | - | - | - | - | 35.9 M | 30.1 M | 33.8 M | 37.4 M | 44.2 M | 35 M | 30.1 M | 23.8 M | 16.7 M | - | - | - |
Retained Earnings |
127 M | 74.1 M | -157 M | -352 M | -567 M | -1.18 B | -1.23 B | -1.18 B | -1.19 B | -856 M | -853 M | -837 M | -1.14 B | -1.18 B | -1.11 B | -823 M | - | - |
Total Assets |
2.63 B | 2.61 B | 2.49 B | 2.56 B | 2.32 B | 1.83 B | 1.88 B | 1.66 B | 1.9 B | 2.38 B | 2.6 B | 2.29 B | 1.76 B | 1.68 B | 1.6 B | 1.82 B | - | - |
Cash and Cash Equivalents |
- | - | - | - | - | - | - | - | 469 M | 347 M | 254 M | 262 M | 329 M | 273 M | 251 M | 367 M | 427 M | 848 M |
Book Value |
831 M | 800 M | 582 M | 383 M | 175 M | -436 M | -490 M | -454 M | -460 M | -129 M | -128 M | -118 M | -433 M | -485 M | -497 M | -338 M | - | - |
Total Shareholders Equity |
831 M | 800 M | 582 M | 383 M | 175 M | -436 M | -490 M | -454 M | -460 M | -129 M | -128 M | -118 M | -433 M | -486 M | -497 M | -339 M | -349 M | 331 M |
All numbers in USD currency
Quarterly Balance Sheet Hovnanian Enterprises
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
902 M | 901 M | 901 M | 862 M | 862 M | 864 M | 894 M | 899 M | 899 M | 933 M | 935 M | 1.04 B | 1.04 B | 1.14 B | 1.25 B | 1.15 B | 1.15 B | 1.15 B | 1.43 B | 1.25 B | 1.32 B | 1.25 B | 1.46 B | 1.43 B | 1.43 B | 1.43 B | - | 1.48 B | 1.48 B | 1.48 B | - | 1.44 B | - | - | - | 1.61 B | - | - | - | 1.61 B | - | - | - | 1.86 B | - | - | - | 1.67 B | - | - | - | 1.54 B | - | - | - | 1.56 B | - | - | - | - | - | - |
Total Liabilities |
2 B | 1.9 B | 1.9 B | 1.79 B | 1.79 B | 1.73 B | 1.72 B | 1.84 B | 1.84 B | 1.67 B | 1.73 B | 1.91 B | 1.91 B | 2.05 B | 2.11 B | 2.18 B | 2.2 B | 2.13 B | 2.27 B | 2.15 B | 2.19 B | 2.15 B | 2.29 B | 2.26 B | 2.26 B | 2.26 B | 2.09 B | 2.37 B | 2.37 B | 2.37 B | 2.14 B | 2.12 B | 2.12 B | 2.12 B | 2.27 B | 2.36 B | 2.36 B | 2.36 B | 2.7 B | 2.48 B | 2.48 B | 2.48 B | 2.59 B | 2.73 B | 2.73 B | 2.73 B | 2.24 B | 2.41 B | 2.41 B | 2.41 B | 2.06 B | 2.19 B | 2.19 B | 2.19 B | 2.02 B | 2.17 B | 2.17 B | 2.17 B | - | 2.1 B | 2.1 B | 2.1 B |
Retained Earnings |
143 M | 146 M | 146 M | 131 M | 131 M | 117 M | 99.7 M | -17.5 M | -17.5 M | -87.8 M | -136 M | -252 M | -252 M | -305 M | -545 M | -352 M | -405 M | -485 M | -1.16 B | -567 M | -620 M | -567 M | -1.24 B | -1.18 B | -1.18 B | -1.18 B | -1.2 B | -1.23 B | -1.23 B | -1.23 B | -1.22 B | -1.18 B | -1.18 B | -1.18 B | -856 M | -1.19 B | -1.19 B | -1.19 B | -870 M | -856 M | -856 M | -856 M | -852 M | -853 M | -853 M | -853 M | -1.17 B | -837 M | -837 M | -837 M | -1.19 B | -1.14 B | -1.14 B | -1.14 B | -1.13 B | -1.18 B | -1.18 B | -1.18 B | - | -1.11 B | -1.11 B | -1.11 B |
Total Assets |
2.83 B | 2.73 B | 2.73 B | 2.63 B | 2.63 B | 2.55 B | 2.53 B | 2.54 B | 2.54 B | 2.32 B | 2.34 B | 2.39 B | 2.39 B | 2.48 B | 2.31 B | 2.56 B | 2.54 B | 2.38 B | 1.85 B | 2.32 B | 2.31 B | 2.32 B | 1.79 B | 1.83 B | 1.83 B | 1.83 B | 1.62 B | 1.88 B | 1.88 B | 1.88 B | 1.65 B | 1.66 B | 1.66 B | 1.66 B | 2.15 B | 1.9 B | 1.9 B | 1.9 B | 2.55 B | 2.35 B | 2.35 B | 2.35 B | 2.46 B | 2.6 B | 2.6 B | 2.6 B | 1.79 B | 2.29 B | 2.29 B | 2.29 B | 1.58 B | 1.76 B | 1.76 B | 1.76 B | 1.5 B | 1.68 B | 1.68 B | 1.68 B | - | 1.6 B | 1.6 B | 1.6 B |
Cash and Cash Equivalents |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 282 M | - | 222 M | 254 M | 202 M | 469 M | 469 M | 469 M | 153 M | 347 M | 347 M | 347 M | 273 M | 254 M | 254 M | 254 M | 289 M | 262 M | 262 M | 262 M | 238 M | 329 M | 329 M | 329 M | 170 M | 273 M | 273 M | 273 M | 316 M | 251 M | 251 M | 251 M |
Book Value |
828 M | 838 M | 838 M | 835 M | 835 M | 820 M | 811 M | 703 M | 703 M | 647 M | 607 M | 483 M | 483 M | 429 M | 197 M | 383 M | 339 M | 258 M | -416 M | 175 M | 121 M | 175 M | -499 M | -436 M | -436 M | -436 M | -470 M | -490 M | -490 M | -490 M | -491 M | -454 M | -454 M | -454 M | -128 M | -460 M | -460 M | -460 M | -143 M | -129 M | -129 M | -129 M | -130 M | -128 M | -128 M | -128 M | -456 M | -118 M | -118 M | -118 M | -481 M | -433 M | -433 M | -433 M | -514 M | -485 M | -485 M | -485 M | - | -497 M | -497 M | -497 M |
Total Shareholders Equity |
825 M | 836 M | 836 M | 835 M | 835 M | 820 M | 811 M | 703 M | 703 M | 647 M | 607 M | 482 M | 483 M | 429 M | 396 M | 383 M | 339 M | 258 M | -417 M | 175 M | 121 M | 175 M | -500 M | -437 M | -437 M | -437 M | -470 M | -490 M | -490 M | -490 M | -491 M | -454 M | -454 M | -454 M | -128 M | -460 M | -460 M | -460 M | -143 M | -129 M | -129 M | -129 M | -130 M | -128 M | -128 M | -128 M | -457 M | -118 M | -118 M | -118 M | -481 M | -433 M | -433 M | -433 M | -514 M | -486 M | -486 M | -486 M | - | -497 M | -497 M | -497 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Hovnanian Enterprises, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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