FAT Brands Inc. (FAT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 49.14M | 71.05M | 83.08M | 88.03M | 91.42M | 101.11M | 123.86M | 121.01M | 163.09M | 104.28M | 116.92M | 95.7M | 109.25M | 92.77M | 97.2M | 119.04M | 63.48M | 68.24M | 21.73M | 24.42M |
| Cash & Short-Term Investments | 2.05M | 7.65M | 12.15M | 23.38M | 16.84M | 56.65M | 39.89M | 37.04M | 87.99M | 30.57M | 46.19M | 28.67M | 23.91M | 38.9M | 28.97M | 56.66M | 37.12M | 48.12M | 4.51M | 6.81M |
| Cash Only | 2.05M | 7.65M | 12.15M | 23.38M | 16.84M | 56.65M | 39.89M | 37.04M | 87.99M | 30.57M | 46.19M | 28.67M | 23.91M | 38.9M | 28.97M | 56.66M | 37.12M | 48.12M | 4.51M | 6.81M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 13.99M | 16.11M | 17.07M | 19.42M | 18.26M | 21.85M | 19.73M | 21.15M | 24.09M | 29.01M | 26.93M | 23.88M | 42.13M | 35.9M | 18.2M | 20.08M | 14.48M | 5.8M | 4.68M | 4.42M |
| Days Sales Outstanding | 9.78 | 10.28 | 11.44 | 12.06 | 12.73 | 12.44 | 12.24 | 13.97 | 22.09 | 23.84 | 20.43 | 30.84 | 34.4 | 23.95 | 16.9 | 21.36 | 31 | 57.56 | 59.49 | 66.33 |
| Inventory | 7.45M | 7.73M | 8.56M | 8.42M | 8.47M | 8.87M | 9.18M | 9.31M | 6.83M | 6.25M | 6.77M | 6.92M | 0 | 0 | 0 | 5.93M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 6.74 | 7.56 | 7.05 | 7.2 | 7.38 | 8.2 | 7.54 | 11.09 | 8.41 | 9.96 | 8.36 | 23.41 | - | - | - | 9.76 | - | - | - | - |
| Other Current Assets | 25.66M | 39.56M | 45.29M | 36.81M | 14.42M | 53.82M | 94.55M | 53.51M | 44.18M | 38.45M | 37.04M | 36.23M | 43.2M | 17.97M | 50.03M | 36.37M | 11.88M | 14.32M | 12.54M | 13.2M |
| Total Non-Current Assets | 1.16B | 1.18B | 1.19B | 1.2B | 1.25B | 1.26B | 1.26B | 1.27B | 1.11B | 1.11B | 1.11B | 1.12B | 1.13B | 1.14B | 1.15B | 1.15B | 556.33M | 100.93M | 96.36M | 96.72M |
| Property, Plant & Equipment | 276.06M | 285.8M | 289.84M | 295.49M | 312.42M | 314.87M | 316.53M | 320.54M | 182.93M | 181.19M | 178.63M | 180.3M | 180.07M | 178.95M | 178.21M | 179.05M | 22.83M | 4.91M | 4.13M | 4.47M |
| Fixed Asset Turnover | 0.50x | 0.51x | 0.49x | 0.48x | 0.46x | 0.48x | 0.48x | 0.63x | 0.60x | 0.59x | 0.59x | 0.58x | 0.58x | 0.58x | 0.55x | 0.77x | 2.15x | 1.83x | 1.55x | 1.42x |
| Goodwill | 285.34M | 285.34M | 285.34M | 285.3M | 305.05M | 305.05M | 305.09M | 305.1M | 293.28M | 293.28M | 293.28M | 293.3M | 293.81M | 296.49M | 295.34M | 295.13M | 185.86M | 9.71M | 9.71M | 10.91M |
| Intangible Assets | 584M | 588.4M | 591.8M | 595.7M | 608.5M | 612.8M | 616.7M | 620.6M | 615.1M | 617.8M | 621.5M | 625.3M | 643M | 646.91M | 649M | 652.79M | 322.69M | 46.95M | 47.33M | 47.71M |
| Long-Term Investments | 8.64M | 10.49M | 0 | 0 | 16.47M | 16.47M | 16.46M | 15.59M | 16.43M | -29.15B | 0 | 0 | 0 | 14.39M | 0 | 0 | 8.46M | 1.58M | 2.04M | 2.02M |
| Other Non-Current Assets | 7.44M | 7.15M | 23.53M | 24.64M | 22.25M | -22.91B | -21.58B | 20.96M | 21.12M | 19.36M | 19.2M | 18.73M | 18.01M | 2.99M | 25.16M | 24.02M | 1.42M | 4.22M | 1.61M | 1.06M |
| Total Assets | 1.21B | 1.25B | 1.27B | 1.29B | 1.34B | 1.36B | 1.38B | 1.39B | 1.28B | 1.22B | 1.23B | 1.21B | 1.24B | 1.23B | 1.24B | 1.27B | 619.81M | 169.17M | 118.09M | 121.14M |
| Asset Turnover | 0.11x | 0.12x | 0.11x | 0.11x | 0.11x | 0.11x | 0.11x | 0.12x | 0.09x | 0.09x | 0.09x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.06x | 0.06x | 0.05x |
| Asset Growth % | -9.63% | -8.01% | -8.03% | -7.14% | 5.02% | 11.56% | 12.62% | 14.42% | 2.52% | -1.35% | -1.23% | -4.47% | 100.74% | 628.56% | 954.09% | 948.37% | 314.33% | 86.12% | 28.09% | 46.75% |
| Total Current Liabilities | 1.57B | 335.68M | 316.59M | 298.32M | 302.21M | 271.96M | 266.38M | 276.6M | 265.36M | 251.42M | 245.75M | 267.02M | 266.26M | 256.19M | 261.94M | 198.49M | 62.22M | 53.15M | 75.9M | 73.18M |
| Accounts Payable | 47.69M | 42.49M | 45.33M | 38.73M | 30.05M | 17.96M | 23.78M | 21.81M | 18.42M | 16.3M | 20.07M | 18.33M | 20.95M | 23.58M | 23.5M | 27.53M | 12.86M | 8.41M | 8.68M | 8.63M |
| Days Payables Outstanding | 40.02 | 40.75 | 34.9 | 29.34 | 20.45 | 18.97 | 18.58 | 27.64 | 22.3 | 27.81 | 23.44 | 66.41 | 30.5 | 42.97 | 33.72 | 33.24 | 76.71 | 482.79 | 631.66 | 139.55 |
| Short-Term Debt | 1.26B | 57.7M | 48.53M | 49.24M | 140.98M | 136.9M | 42.82M | 42.61M | 45.23M | 35.85M | 28.63M | 49.61M | 2.43M | 149.79M | 851K | 631K | 5.39M | 913K | 30.85M | 28.02M |
| Deferred Revenue (Current) | 2.16M | 2.2M | 2.51M | 2.27M | 2.3M | 2.38M | 2.46M | 2.49M | 2.17M | 1.86M | 2.35M | 2.02M | 2.17M | 2.25M | 2.83M | 2.64M | 1.75M | 1.68M | 1.78M | 1.89M |
| Other Current Liabilities | 91.84M | 91.84M | 92.23M | 92.23M | 393K | 393K | 94.14M | 95.26M | 95.17M | 95.31M | 95.26M | 95.92M | 142.25M | 80.56M | 150.04M | 79.78M | 42.22M | 15.13M | 34.58M | 34.64M |
| Current Ratio | 0.03x | 0.21x | 0.26x | 0.30x | 0.30x | 0.37x | 0.46x | 0.44x | 0.61x | 0.41x | 0.48x | 0.36x | 0.41x | 0.36x | 0.37x | 0.60x | 1.02x | 1.28x | 0.29x | 0.33x |
| Quick Ratio | 0.03x | 0.19x | 0.24x | 0.27x | 0.27x | 0.34x | 0.43x | 0.40x | 0.59x | 0.39x | 0.45x | 0.33x | 0.41x | 0.36x | 0.37x | 0.57x | 1.02x | 1.28x | 0.29x | 0.33x |
| Cash Conversion Cycle | -23.5 | -22.91 | -16.41 | -10.08 | -0.34 | 1.68 | 1.19 | -2.58 | 8.19 | 5.98 | 5.35 | -12.15 | - | - | - | -2.12 | - | - | - | - |
| Total Non-Current Liabilities | 238.25M | 1.46B | 1.46B | 1.45B | 1.42B | 1.42B | 1.42B | 1.37B | 1.24B | 1.17B | 1.18B | 1.11B | 1.06B | 1.04B | 1.03B | 1.09B | 509.6M | 161.17M | 87.77M | 89.85M |
| Long-Term Debt | 2.46M | 1.22B | 1.22B | 1.21B | 1.18B | 1.17B | 1.16B | 1.11B | 1.09B | 1.02B | 1.02B | 958.63M | 938.14M | 908.63M | 907.07M | 904.26M | 485.47M | 146.14M | 71.46M | 73.85M |
| Capital Lease Obligations | 198.99M | 198.94M | 201.26M | 200.13M | 198.96M | 206.8M | 209.49M | 211.74M | 94.83M | 95.81M | 95.4M | 95.62M | 89.96M | 90.65M | 91.58M | 92.92M | 10.86M | 4.51M | 3.86M | 4.01M |
| Deferred Tax Liabilities | 15.14M | 14.58M | 14.88M | 13.77M | 22.56M | 22.91M | 21.59M | 18.8M | 27M | 29.15M | 28.3M | 27.18M | 13.69M | 16.18M | 16.21M | 12.92M | 0 | 776K | 0 | 0 |
| Other Non-Current Liabilities | 3.33M | 4.17M | 3.66M | 3.33M | 3.44M | 2.6M | 4.5M | 4.68M | 2.42M | 1.63M | 12.68M | 2.33M | 1.94M | 1.96M | 362K | 65.43M | 1.92M | 834K | 2.9M | 2.89M |
| Total Liabilities | 1.8B | 1.79B | 1.77B | 1.74B | 1.73B | 1.69B | 1.68B | 1.64B | 1.5B | 1.42B | 1.42B | 1.37B | 1.33B | 1.29B | 1.3B | 1.29B | 571.82M | 214.32M | 163.67M | 163.03M |
| Total Debt | 1.48B | 1.49B | 1.48B | 1.47B | 1.54B | 1.53B | 1.43B | 1.38B | 1.25B | 1.17B | 1.16B | 1.12B | 1.04B | 1.15B | 1.01B | 1.01B | 501.72M | 152.49M | 106.18M | 105.89M |
| Net Debt | 1.48B | 1.48B | 1.47B | 1.45B | 1.52B | 1.47B | 1.39B | 1.34B | 1.16B | 1.13B | 1.11B | 1.09B | 1.02B | 1.11B | 984.92M | 955.5M | 464.6M | 104.37M | 101.66M | 99.08M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.45x | - | - | - |
| Debt / EBITDA | - | - | 812.52x | - | 808.91x | 202.76x | 162.05x | 204.09x | 91.40x | 45.64x | 154.52x | - | 132.16x | 57.97x | 143.90x | 383.54x | 105.56x | 100.79x | 218.03x | - |
| Net Debt / EBITDA | - | - | 805.86x | - | 800.06x | 195.25x | 157.52x | 198.62x | 84.95x | 44.44x | 148.37x | - | 129.13x | 56.00x | 139.78x | 362.07x | 97.75x | 68.98x | 208.76x | - |
| Interest Coverage | -0.41x | -0.39x | -0.24x | -1.18x | -0.26x | -0.10x | -0.02x | -0.05x | 0.13x | 0.76x | 0.02x | -1.21x | 0.06x | 0.64x | 0.09x | -0.21x | 0.33x | -1.97x | 0.07x | -0.92x |
| Total Equity | -593.8M | -543.2M | -499.5M | -455.71M | -386.15M | -338.64M | -296.77M | -255.86M | -228.72M | -203.19M | -193.84M | -159.18M | -86.47M | -61.12M | -51.11M | -21.66M | 47.99M | -45.16M | -45.58M | -41.88M |
| Equity Growth % | -53.77% | -60.41% | -68.31% | -78.11% | -68.83% | -66.66% | -53.09% | -60.74% | -164.51% | -232.44% | -279.3% | -635.06% | -280.18% | -35.36% | -12.13% | 48.3% | 284.48% | -1158.5% | -1615.16% | -878.78% |
| Book Value per Share | -33.23 | -30.48 | -28.33 | -26.63 | -22.65 | -19.91 | -17.51 | -15.34 | -13.77 | -12.30 | -11.76 | -9.63 | -5.23 | -3.73 | -3.12 | -1.52 | 3.39 | -3.34 | -3.81 | -3.18 |
| Total Shareholders' Equity | -585.82M | -536.46M | -493.94M | -455.71M | -386.15M | -338.64M | -296.77M | -255.86M | -228.72M | -203.19M | -193.84M | -159.18M | -86.47M | -61.12M | -51.11M | -21.66M | 47.91M | -45.25M | -45.58M | -41.88M |
| Common Stock | 2K | 2K | 0 | 0 | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 0 | 2K | 25.13M | 2K | 2K | 0 | 1K | 1K |
| Retained Earnings | -611.78M | -553.56M | -499.38M | -458.62M | -391.21M | -346.45M | -307.09M | -268.78M | -242.54M | -217.88M | -210.79M | -178.67M | -107.86M | -84.42M | -76.23M | -52.48M | -32.88M | -29.25M | -23.33M | -20.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -24.36M | 0 | 0 | -36.05M | -34.42M | -32.76M | 0 | -29.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29.18M | 0 | 0 |
| Minority Interest | -7.98M | -6.74M | -5.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79K | 93K | 0 | 0 |