BT Brands, Inc. balance sheet
At the end of fiscal 2024, BT Brands, Inc. had total assets of $12.0m, total liabilities of $5.0m and shareholders' equity of $7.0m. It held $2.0m in cash against $2.3m of debt: net debt of $324,929.
Balance sheet
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | LTMSept 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 1 | 0 | 1 | 12 | 2 | 5 | 2 | 1 |
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total current assets | 1 | 0 | 1 | 13 | 9 | 7 | 5 | 7 |
| Goodwill | — | — | — | 0 | 1 | 1 | 1 | 1 |
| Total assets | 3 | 3 | 3 | 15 | 17 | 15 | 12 | 12 |
| Accounts payable | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Total current liabilities | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| Short-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-term debt | 4 | 3 | 3 | 3 | 3 | 2 | 2 | 2 |
| Total debt | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 |
| Total liabilities | 4 | 4 | 4 | 4 | 7 | 5 | 5 | 4 |
| Shareholders' equity | −1 | −1 | −1 | 11 | 10 | 9 | 7 | 8 |
| Non-controlling interests and other (assets − liabilities − equity) | — | −0 | — | — | — | — | — | — |
| Net debt (negative = net cash) | 3 | 3 | 2 | −9 | 1 | −3 | 0 | 1 |
| Shares outstanding | 8m | 4m | 4m | 6m | 6m | 6m | 6m | 6m |
| Quarter | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Total current assets | 6 | 6 | 5 | 4 | 6 | 7 | 5 | 6 |
| Goodwill | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total assets | 14 | 14 | 12 | 11 | 11 | 12 | 10 | 10 |
| Accounts payable | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total current liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Short-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-term debt | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Total debt | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Total liabilities | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 |
| Shareholders' equity | 9 | 9 | 7 | 7 | 7 | 8 | 6 | 6 |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m |
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