Cheesecake Factory Inc balance sheet

At the end of fiscal 2025, Cheesecake Factory Inc had total assets of $3.26bn, total liabilities of $2.83bn and shareholders' equity of $436m. It held $216m in cash against $630m of debt: net debt of $414m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cheesecake Factory Inc: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Jan 2012	2012Jan 2013	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Jan 2017	2017Jan 2018	2018Jan 2019	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Jan 2023	2023Jan 2024	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	74	82	48	84	62	58	44	54	6	27	58	154	190	115	56	84	216	249
Receivables	11	16	11	15	10	15	14	16	20	21	26	76	101	106	103	113	110	86
Inventory	22	23	28	29	35	33	34	35	43	39	47	39	43	56	58	65	54	52
Total current assets	172	195	176	230	226	224	225	221	209	195	245	341	406	346	301	333	455	469
Goodwill	—	—	—	—	—	—	—	—	—	—	78	1	1	1	1	1	1	—
Total assets	1,047	1,037	1,023	1,092	1,108	1,161	1,233	1,293	1,333	1,314	2,841	2,747	2,798	2,775	2,840	3,042	3,262	3,449
Accounts payable	34	33	36	47	35	57	48	42	51	49	62	58	54	67	63	62	63	81
Deferred revenue (current)	—	—	—	—	—	—	—	—	164	172	188	185	211	220	223	227	213	176
Total current liabilities	200	203	223	253	264	322	350	377	398	417	615	586	636	657	661	711	777	1,319
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	69	564
Long-term debt	—	—	—	—	—	—	—	—	10	10	290	280	466	468	470	452	561	—
Total debt	100	40	0	0	0	25	25	0	10	10	290	280	466	468	470	452	630	1,127
Total liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	2,483	2,522	2,598	2,825	2,875
Shareholders' equity	516	592	543	580	577	557	589	603	614	571	572	289	330	292	318	443	436	574
Net debt (negative = net cash)	26	−42	−48	−84	−62	−33	−19	−54	4	−17	232	126	276	353	414	368	414	877
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	51m	51m	51m	50m	50m

US$ millions unless shown otherwise. Fiscal quarters.

Cheesecake Factory Inc: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Apr 2025	2025 Q2Jul 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	113	83	91	93	110	77	86	86
Inventory	65	67	66	63	54	51	51	52
Total current assets	333	361	379	424	455	465	419	469
Goodwill	1	—	—	—	1	—	—	—
Total assets	3,042	3,111	3,152	3,241	3,262	3,297	3,294	3,449
Accounts payable	62	64	59	56	63	67	71	81
Deferred revenue (current)	227	200	196	189	213	188	183	176
Total current liabilities	711	684	737	771	777	781	714	1,319
Short-term debt	—	—	69	69	69	69	—	564
Long-term debt	452	627	560	560	561	562	563	—
Total debt	452	627	628	629	630	631	563	564
Total liabilities	2,598	2,771	2,751	2,816	2,825	2,838	2,775	2,875
Shareholders' equity	443	339	401	425	436	459	519	574
Shares outstanding	51m	50m	50m	50m	50m	50m	50m	50m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Cheesecake Factory Inc's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cheesecake Factory Inc.