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BurgerFi International logo
BurgerFi International BFI
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Quarterly report 2024-Q1
added 05-16-2026

BurgerFi International Balance Sheet 2024-2011 | BFI

Brief overview of BurgerFi International's financial position

Balance sheet changes are traced across five available annual reports between 2019 and 2024.

Total assets increased by +1,697.2%, from $14.4 million to $258.5 million. A CAGR near 78.2% points to substantial expansion.

Assets outpaced liabilities, +1,697.2% versus +1,594.5%. Dependence on external funding declined.

Equity covers only 22.1% of assets versus 34.8% initially. The loss-absorbing cushion is limited.

The net-debt-to-equity ratio is 0.33x. Balance sheet leverage is low on this measure.

The cash share moved from 11.8% to 2.9%. A higher figure generally provides more room in an adverse scenario.

Retained earnings remain negative at -$257.9 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.

Balance sheet takeaway

The balance sheet gives no single signal for BurgerFi International: some indicators are sound, while leverage or capitalization needs attention.

Annual Balance Sheet BurgerFi International

2024 2023 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

18.8 M 66 M 57.3 M -26.7 M -339 K -206 K 101 K - - - - - -

Long Term Debt

16.2 M 68 M 68.9 M 5.97 M 1.35 M - - - - - - - -

Long Term Debt Current

10.1 M 9.92 M 3.33 M 4.45 M - - - - - - - - -

Total Non Current Liabilities

- - - 20.9 M 1.35 M - - - - - - - -

Total Current Liabilities

82.7 M 40.2 M 24.3 M 9.16 M 6.36 M 271 K 141 K - - - - - -

Total Liabilities

201 M 198 M 144 M 30 M 11.9 M 271 K 141 K - - - - - -

Deferred Revenue

19 K 84 K 468 K 490 K 56.2 K - - - - - - - -

Retained Earnings

-258 M -227 M -124 M -2.22 M 2.18 M 1.02 M -1.18 K - - - - - -

Total Assets

258 M 277 M 318 M 289 M 14.4 M 118 M 165 K - - - - - -

Cash and Cash Equivalents

7.56 M 11.9 M 14.9 M 37.2 M 1.69 M 206 K 22 K - - - - - -

Book Value

57.2 M 78.9 M 173 M 259 M 2.51 M 118 M 23.8 K - - - - - -

Total Shareholders Equity

57.2 M 78.9 M 173 M 259 M 5 M 5 M 23.8 K - - - - - -

All numbers in USD currency

Quarterly Balance Sheet BurgerFi International

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

16.7 M 16.2 M 67.4 M 67.7 M 68.4 M 68 M 68.8 M 68.4 M 68.8 M 68.9 M - - - 5.97 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

201 M 201 M 196 M 196 M 197 M 198 M 197 M 200 M 202 M 144 M 20.3 M 23 M 33.1 M 30 M 3.49 M 3.16 M 2.75 M 11.9 M 622 K 490 K 361 K 271 K 271 K 271 K 271 K - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Deferred Revenue

- - - - - - - - - 468 K 587 K 511 K 466 K 490 K 490 K 490 K 490 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-264 M -258 M -247 M -242 M -236 M -227 M -201 M -198 M -137 M -124 M -6.46 M -1.44 M -10.4 M -2.22 M 1.63 M 1.97 M 2.17 M 2.18 M 2.02 M 1.69 M 1.4 M 1.02 M 605 K 328 K 21.3 K -1.18 K -1.18 K -1.18 K -1.18 K - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

253 M 258 M 264 M 268 M 271 M 277 M 302 M 307 M 368 M 318 M 282 M 286 M 285 M 289 M 48.7 M 48.7 M 48.5 M 14.4 M 95.8 M 119 M 119 M 118 M 118 M 117 M 117 M 165 K 165 K 165 K 165 K - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

4.15 M 7.56 M 9.75 M 10.7 M 9.03 M 11.9 M 14.1 M 15.7 M 13.3 M 14.9 M 28.3 M 34.8 M 34.7 M 37.2 M 11 K 18.2 K 8.31 K 1.69 M 14.2 K 212 K 136 K 206 K 354 K 512 K 560 K 22 K 22 K 22 K 22 K - - - - - - - - - - - - - - - - - - - - - - - -

Book Value

52.1 M 57.2 M 67.6 M 72.4 M 74.5 M 78.9 M 104 M 107 M 166 M 173 M 262 M 263 M 251 M 259 M 45.2 M 45.6 M 45.8 M 2.51 M 95.2 M 118 M 118 M 118 M 117 M 117 M 117 M 165 K 165 K 165 K 165 K - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

51.6 M 57.2 M 67.6 M 72.4 M 74.5 M 78.9 M 104 M 107 M 166 M 173 M 262 M 263 M 251 M 259 M 5 M 5 M 5 M 5 M 5 M 5 M 5 M 5 M 5 M 5 M 5 M 23.8 K 23.8 K 23.8 K 23.8 K - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of BurgerFi International, 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.