Meritage Hospitality Group Inc. (MHGU)

MHGU Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022	Jan 3, 2021	Dec 29, 2019
Cash & Equivalents	19.43	19.43	35.37	49.95	32.32	16.94
Cash & Short-Term Investments	19.43	19.43	35.37	49.95	32.32	16.94
Cash Growth	14.71%	-45.06%	-29.19%	54.56%	90.76%	27.22%
Receivables	2.41	2.41	0.37	1.6	1.73	1.22
Inventory	5.19	5.19	4.75	4.41	3.62	3.52
Prepaid Expenses	7.1	7.1	6.62	6.16	8.52	3.49
Total Current Assets	34.14	34.14	47.11	62.12	46.18	25.16
Property, Plant & Equipment	551.75	551.75	540.51	506.59	455.9	467.2
Long-Term Investments	-	-	-	1.79	1.79	1.79
Goodwill	205.7	205.7	177.55	174.24	174.24	174.24
Other Intangible Assets	7.58	7.58	6.13	5.21	5.04	4.29
Other Long-Term Assets	17.73	17.73	20.02	8.68	6.78	4.86
Total Assets	816.91	816.91	791.32	758.63	689.93	677.54
Accounts Payable	21.96	21.96	28.45	21.74	16.93	21.65
Accrued Expenses	21.77	21.77	25.83	29.34	25.7	17.88
Short-Term Debt	26.26	26.26	31.85	12.53	10.04	38.94
Current Portion of Long-Term Debt	20.37	20.37	14.04	13.33	20	19.37
Current Portion of Leases	28.09	28.09	25.84	24.47	22.02	19.8
Total Current Liabilities	118.44	118.44	126	101.4	94.68	117.64
Long-Term Debt	164.28	164.28	155.11	165.38	148.86	157.73
Long-Term Leases	376.95	376.95	359.32	352.18	320.88	300.21
Long-Term Unearned Revenue	2.3	2.3	1.15	1.71	2.87	2.15
Long-Term Deferred Tax Liabilities	15.8	15.8	15.82	13.72	9.66	8.34
Other Long-Term Liabilities	17.09	17.09	16.72	15.55	14.55	8.39
Total Liabilities	694.87	694.87	674.12	649.95	591.51	594.46
Common Stock	0.07	0.07	0.07	0.07	0.07	0.06
Additional Paid-In Capital	33.58	33.58	29.12	31.14	36.23	33.65
Retained Earnings	81.14	81.14	77.99	73.13	59.49	47.12
Comprehensive Income & Other	6.34	6.34	8.96	1.4	-	-
Total Common Equity	121.13	121.13	116.13	105.74	95.79	80.84
Minority Interest	0.9	0.9	1.05	2.93	2.62	2.23
Shareholders' Equity	122.04	122.04	117.2	108.68	98.42	83.08
Total Liabilities & Equity	816.91	816.91	791.32	758.63	689.93	677.54
Total Debt	615.94	615.94	586.16	567.89	521.8	536.05
Net Cash (Debt)	-596.5	-596.5	-550.78	-517.93	-489.48	-519.1
Net Cash Per Share	-72.18	-72.18	-63.35	-53.78	-52.03	-57.47
Filing Date Shares Outstanding	6.52	6.52	6.5	6.55	6.64	6.35
Total Common Shares Outstanding	6.52	6.52	6.5	6.55	6.64	6.35
Working Capital	-84.31	-84.31	-78.89	-39.28	-48.5	-92.48
Book Value Per Share	18.58	18.58	17.86	16.16	14.42	12.73
Tangible Book Value	-92.16	-92.16	-67.55	-73.71	-83.49	-97.69
Tangible Book Value Per Share	-14.14	-14.14	-10.39	-11.26	-12.57	-15.39
Land	29.2	29.2	34.51	25.11	23.83	37.94
Buildings	80.91	80.91	72.5	61.93	53.81	55.65
Machinery	112.82	112.82	98.4	89.36	80.92	72.27
Construction In Progress	11.88	11.88	23.66	16.74	6.34	21.33
Leasehold Improvements	24.1	24.1	23.23	22.34	21.87	17.65

Source: S&P Capital IQ. Standard template. Financial Sources.