Company Analysis

High-Trend International Group (HTCO)

Nasdaq: HTCO · Deep Sea Foreign Transportation of Freight · Singapore · filing with the SEC since 2022
Grade4.0
◀ Past 2.9● Present 3.9▶ Future 5.3
2 est.

The grade of High-Trend International Group

Nine metrics read from its own filings, by tense
Headline grade
4.0/10
◀ Past2.930% of the headline
● Present3.940% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.9/10

Has it survived what it has been through?

1 warning event since 2022; the latest 2024-02-29.

weight 33% of this tense · 9th percentile among 44 sector filers · read for itself

From the record

High-Trend International Group's filings since 2022 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-02-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.9/10

What has it actually done, year after year?

+22.3% a year over 6 filed years; profitable in 2 of 6.

weight 45% of this tense · 49th percentile among 42 sector filers · read for its customers

From the record

High-Trend International Group's 6 filed years say what it did: revenue went from $78 million in fiscal 2020 to $214 million in fiscal 2025, up 22.3% a year; it rose in 4 of 5 years; the deepest fall was 49% from fiscal 2022 to fiscal 2023; net income was positive in 2 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span22.3%top 23% of its family
  • the share of years revenue rosetop 13% of its family
  • the share of filed years with a profitbottom 11% of its family
  • the deepest fall from a revenue peak48.6%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.8/10

How has it treated the people who own it?

SI estimate 1.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 18th percentile among 44 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 18% of 44 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 44 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: High-Trend International Group's shareholder treatment is put at 1.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 18% of 44 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.7/10

Is it financially healthy right now?

ROE -170%: lost 170¢ per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 33% of this tense · 27th percentile among 43 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-10-31, High-Trend International Group lost about 170 cents for every dollar of shareholders' money, and gross profitability: its products earned about 21 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 132.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 22% of its family
  • return on equitybottom 3% of its family
  • gross profit against assetstop 21% of its family
  • the share count against the year beforebottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.8/10

How strong is its position in its industry?

bottom 38% of 43 in its family; net margin -10%.

weight 45% of this tense · 38th percentile among 43 sector filers · read for its customers

From the record

High-Trend International Group's standing among 43 graded names in its industry family: revenue of $214 million in fiscal 2025 ranks in the bottom 44% by size; a net margin of -10% ranks in the bottom 13%; revenue growth of 5% a year over the last 3 filed years ranks in the top 42% (its annual reports).

What it rests on

  • revenue against the family$214Mbottom 44% of its family
  • net margin-10.0%bottom 13% of its family
  • three-year revenue growth5.0%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-04 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-04 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: High-Trend International Group's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-04 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.0/10

How much room does it have to grow?

bottom 40% of 42 in its family for room to expand.

weight 22% of this tense · 40th percentile among 42 sector filers · read for itself

From the record

High-Trend International Group's room to grow, from the newest filed statements (fiscal 2025): cash of $10 million against no long-term debt tagged leaves 31.3% of its assets as net cash, top 3% of its family; cash from operations less capital spending is 2.2% of revenue (bottom 18%); a gross margin of 3.2% (bottom 6%) (its annual report).

What it rests on

  • cash less debt against assets31.3%top 3% of its family
  • cash from operations less capital spending against revenue2.2%bottom 18% of its family
  • gross margin3.2%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.9/10

What could actually drive growth from here?

top 41% of 41 in its family for growth drivers.

weight 45% of this tense · 59th percentile among 41 sector filers · read for its customers

From the record

High-Trend International Group's growth drivers, from the filed years to fiscal 2025: revenue grew 5% a year over the last three filed years against 22.3% over all 6, slowing (bottom 28% of its family); the newest year grew 98.3% (top 4%); capital spending grew 26.5% a year (top 48%) (its annual reports). High-Trend International Group reported 3 product lines in fiscal 2025: Ocean Freight Revenue at $214 million (100%), Vessel Service Revenue at $423 thousand (0%), Shipboard Exhaust Gases Capture Technologies at $423 thousand (0%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-17.3 points a yearbottom 28% of its family
  • the newest year's revenue growth98.3%top 4% of its family
  • three-year growth of capital spending26.5%top 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.3/10

Did its newest year beat what its own record pointed to?

top 47% of 39 in its family for expectations against reality.

weight 33% of this tense · 53rd percentile among 39 sector filers · read for its shareholders

From the record

High-Trend International Group's newest year against its own record: revenue of $214 million in fiscal 2025 came in 159.4% above the $83 million its prior three years' pace pointed to (top 1% of its family); net income of $21 million against a prior three-year average of $7 million (bottom 6%); a net margin of -10% against -8.3% before (top 47%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace159.4%top 1% of its family
  • net income against the prior three years' average-211%bottom 6% of its family
  • net margin against its prior average-1.7 pointstop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HTCO · research, not advice