Natural Grocers By Vitamin Cottage, Inc. balance sheet

At the end of fiscal 2025, Natural Grocers By Vitamin Cottage, Inc. had total assets of $671m, total liabilities of $458m and shareholders' equity of $212m. It held $17.1m in cash against $0 of debt: net cash of $17.1m.

Balance sheet

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

Natural Grocers By Vitamin Cottage, Inc.: balance sheet, annual
Fiscal year	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash and equivalents	0	17	8	5	3	4	7	9	6	29	24	12	18	9	17	17
Receivables	—	2	2	2	3	4	5	5	5	9	8	10	11	13	12	11
Total current assets	—	59	60	67	82	97	108	111	115	143	136	141	153	147	168	174
Goodwill	—	1	1	1	5	5	5	5	5	5	5	5	5	5	5	5
Total assets	—	126	160	189	234	282	300	307	327	682	655	663	669	655	671	688
Accounts payable	—	26	29	34	50	54	57	61	63	69	69	71	81	88	81	90
Total current liabilities	—	34	38	50	70	67	72	80	83	129	134	138	154	164	159	158
Short-term debt	—	—	—	—	—	—	—	—	—	0	2	2	2	0	0	0
Long-term debt	—	4	—	—	—	—	—	—	—	0	22	14	6	0	0	1
Total debt	0	4	—	0	0	27	28	13	6	0	24	16	8	0	0	1
Total liabilities	—	53	75	90	118	156	166	160	170	509	512	507	498	481	458	448
Shareholders' equity	16	73	85	99	115	127	134	147	157	173	143	156	171	174	212	239
Net debt (negative = net cash)	−0	−13	−8	−5	−3	23	22	4	−1	−29	0	4	−11	−9	−17	−16
Shares outstanding	—	22m	22m	22m	22m	22m	22m	22m	22m	23m	23m	23m	23m	23m	23m	23m

US$ millions unless shown otherwise. Fiscal quarters.

Natural Grocers By Vitamin Cottage, Inc.: balance sheet, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Receivables	13	12	12	13	12	10	13	11
Total current assets	147	145	163	157	168	167	171	174
Goodwill	5	5	5	5	5	5	5	5
Total assets	655	649	665	659	671	669	685	688
Accounts payable	88	76	92	82	81	84	90	90
Total current liabilities	164	150	168	154	159	156	162	158
Short-term debt	0	—	—	—	0	—	—	0
Long-term debt	0	9	—	—	0	—	1	1
Total debt	0	9	—	—	0	—	1	1
Total liabilities	481	467	472	456	458	449	454	448
Shareholders' equity	174	182	193	203	212	220	231	239
Shares outstanding	23m	—	23m	23m	23m	23m	23m	23m

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 Natural Grocers By Vitamin Cottage, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Natural Grocers By Vitamin Cottage, Inc.