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Nathan's Famous (NATH)
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Nathan's Famous Balance Sheet 2026-2009 | NATH
Brief overview of Nathan's Famous's assets and capital
The review uses the five latest available annual reports between 2022 and 2026.
Across five reporting periods, assets decreased -31.7%, from $78.5 million to $53.7 million, producing a negative trend.
Growth in the asset base was not matched by liabilities: -31.7% versus -49.2%. The balance sheet moved in a more conservative direction.
Shareholders' capital is negative, making the balance sheet dependent on consistent debt servicing capacity.
Cash represents 45.5% of assets versus 63.8% initially, showing how the immediate liquidity reserve changed.
Retained earnings reached $8.2 million, changing +125.1% over the period. A positive accumulated result supports equity.
What the balance sheet shows
Nathan's Famous's balance sheet looks stretched: reliance on liabilities and a limited capital cushion increase sensitivity to weaker results.
Annual Balance Sheet Nathan's Famous
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
23.3 M | 22.2 M | 40.4 M | 51 M | 60 M | 67.6 M | 70.6 M | 70 M | 87.4 M | 74.6 M | 80 M | 77.7 M | -22.1 M | -13.4 M | -6.03 M | -8.94 M | - | - |
Long Term Debt |
45.7 M | 48.1 M | 59.6 M | 79 M | 108 M | 147 M | 146 M | 145 M | 145 M | 131 M | 130 M | 129 M | - | - | - | - | - | - |
Long Term Debt Current |
1.94 M | 1.92 M | 1.89 M | 1.78 M | 1.85 M | 1.84 M | 1.58 M | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 157 M | 150 M | 147 M | 134 M | 133 M | 132 M | 2.43 M | 2.05 M | 2.12 M | 1.91 M | - | - |
Total Current Liabilities |
18.9 M | 16.8 M | 15.6 M | 16.7 M | 16.4 M | 14.6 M | 14.6 M | 14.9 M | 18 M | 10.8 M | 11.2 M | 12 M | 9.81 M | 13.5 M | 13.6 M | - | - | - |
Total Liabilities |
67.9 M | 70 M | 81.8 M | 103 M | 134 M | 171 M | 172 M | 164 M | 165 M | 145 M | 144 M | 144 M | 12.2 M | 15.5 M | 15.7 M | 14.9 M | - | - |
Deferred Revenue |
192 K | 309 K | 327 K | 336 K | 349 K | 237 K | 230 K | 807 K | 193 K | 98 K | 137 K | 278 K | 234 K | 581 K | 123 K | 2.36 M | - | - |
Retained Earnings |
8.18 M | 6.56 M | -9.29 M | -20.6 M | -32.6 M | -40 M | -45.4 M | -52.9 M | -68.2 M | -49.9 M | -57.3 M | -63.4 M | 41 M | 32.6 M | 25.2 M | 19 M | - | - |
Total Assets |
53.7 M | 53.5 M | 48.9 M | 58.6 M | 78.5 M | 109 M | 105 M | 94.3 M | 80.1 M | 78.1 M | 71.5 M | 84.4 M | 56.1 M | 49.7 M | 44.5 M | 53 M | - | - |
Cash and Cash Equivalents |
24.4 M | 27.8 M | 21 M | 29.9 M | 50.1 M | 81.1 M | 77.1 M | 75.4 M | 57.3 M | 56.9 M | 50.2 M | 51.4 M | 22.1 M | 13.4 M | 6.03 M | 8.94 M | 11.6 M | 8.68 M |
Book Value |
-14.2 M | -16.5 M | -32.9 M | -44.6 M | -55 M | -62.5 M | -66.4 M | -70.1 M | -84.6 M | -66.5 M | -72.3 M | -59.9 M | 43.9 M | 34.1 M | 28.8 M | 38.1 M | - | - |
Total Shareholders Equity |
-14.2 M | -16.5 M | -32.9 M | -44.6 M | -55 M | -62.5 M | -66.4 M | -70.1 M | -84.6 M | -66.5 M | -72.3 M | -59.9 M | 43.9 M | 34.1 M | 28.8 M | 38.1 M | 44.3 M | 41.8 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Nathan's Famous
| 2027-Q1 | 2026-Q3 | 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 |
45.2 M | 46.3 M | 46.9 M | 47.5 M | 46.3 M | 46.9 M | 47.5 M | 50.5 M | 48.7 M | 57.2 M | 59.6 M | 59.6 M | 59.5 M | 79.2 M | 79.1 M | 79 M | 109 M | 108 M | - | 108 M | 107 M | 147 M | 147 M | 147 M | 147 M | 146 M | 146 M | 146 M | 146 M | 146 M | 146 M | 145 M | 145 M | 145 M | 145 M | 145 M | 145 M | 132 M | 132 M | 131 M | 131 M | 131 M | 131 M | 130 M | 130 M | 130 M | 129 M | 129 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.05 M | 2.23 M | 2.25 M | 2.15 M | 2.12 M | 2.13 M | 2.13 M | 1.98 M | 1.92 M |
Total Liabilities |
71.9 M | 66.2 M | 68.8 M | 72.8 M | 66.2 M | 68.8 M | 72.8 M | 70 M | 67.7 M | 79 M | 84 M | 81.8 M | 77.9 M | 101 M | 105 M | 103 M | 128 M | 131 M | - | 134 M | 170 M | 173 M | 172 M | 171 M | 168 M | 169 M | 167 M | 172 M | 169 M | 170 M | 170 M | 164 M | 163 M | 166 M | 162 M | 165 M | 178 M | 145 M | 150 M | 145 M | 146 M | 144 M | 148 M | 144 M | 146 M | 143 M | 148 M | 144 M | 12 M | 11.2 M | 10.9 M | 12.2 M | 10.3 M | 10.6 M | 16.8 M | 15.5 M | 15 M | 14.5 M | 15.5 M | 15.7 M | 14 M | 13.8 M | 15.9 M | 14.9 M |
Deferred Revenue |
179 K | 216 K | 250 K | 274 K | 216 K | 250 K | 274 K | 309 K | 312 K | 318 K | 322 K | 327 K | 338 K | 336 K | 339 K | 336 K | 343 K | 352 K | - | 349 K | 359 K | 351 K | 345 K | 237 K | 227 K | 225 K | 229 K | 230 K | 278 K | 301 K | 306 K | 318 K | 319 K | 559 K | 568 K | 193 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 199 K | 355 K | 350 K | 278 K | 238 K | 115 K | 102 K | 661 K | 246 K | 274 K | 312 K | 341 K |
Retained Earnings |
15 M | 7.42 M | 16.6 M | 13.4 M | 7.42 M | 16.6 M | 13.4 M | 6.56 M | 4.37 M | 1.93 M | -2.06 M | -9.29 M | -11.2 M | -11.7 M | -15.4 M | -20.6 M | -21.8 M | -23.2 M | - | -32.6 M | -32.9 M | -33.6 M | -35.7 M | -40 M | -40.7 M | -40.6 M | -42.8 M | -45.4 M | -47.1 M | -46.8 M | -49 M | -52.9 M | -54.3 M | -63 M | -66.4 M | -68.2 M | -68.5 M | -43.8 M | -46.9 M | -49.9 M | -50.6 M | -51.3 M | -53.8 M | -57.3 M | -57.9 M | -58.3 M | -61.1 M | -63.4 M | 51.1 M | 48.9 M | 45 M | 41 M | 39.7 M | 38.6 M | 36 M | 32.6 M | 31.1 M | 30 M | 27.2 M | 25.2 M | 24.1 M | 22.9 M | 20.6 M | 19 M |
Total Assets |
64.8 M | 50.9 M | 62.9 M | 63.4 M | 50.9 M | 62.9 M | 63.4 M | 53.5 M | 48.7 M | 57.7 M | 58.5 M | 48.9 M | 42.9 M | 65.6 M | 65.8 M | 58.6 M | 81.8 M | 84 M | - | 78.5 M | 114 M | 117 M | 114 M | 109 M | 105 M | 106 M | 102 M | 105 M | 105 M | 107 M | 105 M | 94.3 M | 91.2 M | 86.4 M | 79.4 M | 80.1 M | 92.9 M | 84.5 M | 86.6 M | 78.1 M | 78.3 M | 75.6 M | 77.7 M | 71.5 M | 81 M | 81.9 M | 85.6 M | 84.4 M | 65.2 M | 61.5 M | 57.6 M | 56.1 M | 53.1 M | 52.3 M | 55.6 M | 49.7 M | 50 M | 48.7 M | 46.6 M | 44.5 M | 54.9 M | 54.5 M | 55.1 M | 53 M |
Cash and Cash Equivalents |
24.7 M | 24.5 M | 32.2 M | 26.9 M | 24.5 M | 32.2 M | 26.9 M | 27.8 M | 23.7 M | 31.2 M | 26 M | 21 M | 16.7 M | 37 M | 31.9 M | 29.9 M | 55.5 M | 53.9 M | - | 50.1 M | 86.2 M | 86.8 M | 79.5 M | 81.1 M | 76.6 M | 81.5 M | 76.9 M | 77.1 M | 77.4 M | 79.5 M | 73.9 M | 75.4 M | 72.8 M | 72.8 M | 66.2 M | 57.3 M | 67.3 M | 61.7 M | 60.8 M | 56.9 M | 56.4 M | 55.1 M | 52.8 M | 50.2 M | 59.7 M | 59.4 M | 51.6 M | 51.4 M | 34.5 M | 32.2 M | 25.1 M | 22.1 M | 18.1 M | 19.1 M | 14.1 M | 13.4 M | 14.3 M | 12.4 M | 8.63 M | 6.03 M | 15.8 M | 15.2 M | 9.69 M | 8.94 M |
Book Value |
-7.16 M | -15.3 M | -5.9 M | -9.34 M | -15.3 M | -5.9 M | -9.34 M | -16.5 M | -19 M | -21.3 M | -25.5 M | -32.9 M | -35 M | -35.4 M | -39.2 M | -44.6 M | -46 M | -47.5 M | - | -55 M | -55.3 M | -56 M | -58.1 M | -62.5 M | -63.1 M | -63.1 M | -65.3 M | -66.4 M | -64.2 M | -62.9 M | -65.1 M | -70.1 M | -71.6 M | -79.3 M | -82.9 M | -84.6 M | -85 M | -60.4 M | -63.6 M | -66.5 M | -67.3 M | -67.9 M | -70.5 M | -72.3 M | -65.2 M | -61.6 M | -62.7 M | -59.9 M | 53.2 M | 50.4 M | 46.7 M | 43.9 M | 42.8 M | 41.7 M | 38.9 M | 34.1 M | 35 M | 34.2 M | 31.1 M | 28.8 M | 40.9 M | 40.8 M | 39.2 M | 38.1 M |
Total Shareholders Equity |
-7.16 M | -15.3 M | -5.9 M | -9.34 M | -15.3 M | -5.9 M | -9.34 M | -16.5 M | -19 M | -21.3 M | -25.5 M | -32.9 M | -35 M | -35.4 M | -39.2 M | -44.6 M | -46 M | -47.5 M | -50.8 M | -55 M | -55.3 M | -56 M | -58.1 M | -58.1 M | -63.1 M | -63.1 M | -63.1 M | -65.3 M | -64.2 M | -64.2 M | -62.9 M | -65.1 M | -71.6 M | -71.6 M | -79.3 M | -84.6 M | -85 M | -60.4 M | -63.6 M | -66.5 M | -67.3 M | -67.9 M | -70.5 M | -72.3 M | -65.2 M | -61.6 M | -62.7 M | -59.9 M | 53.2 M | 50.4 M | 46.7 M | 43.9 M | 42.8 M | 41.7 M | 38.9 M | 34.1 M | 35 M | 34.2 M | 31.1 M | 28.8 M | 40.9 M | 40.8 M | 39.2 M | 38.1 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Nathan's Famous, 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.