Meritage Hospitality Group Inc. (MHGU)

MHGU Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 29, 2024	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022	Jan 3, 2021
Cash & Equivalents	20.85	19.43	35.37	49.95	32.32
Cash & Short-Term Investments	20.85	19.43	35.37	49.95	32.32
Cash Growth	7.28%	-45.06%	-29.19%	54.56%	90.76%
Receivables	4.11	2.41	0.37	1.6	1.73
Inventory	5.3	5.19	4.75	4.41	3.62
Prepaid Expenses	6.7	7.1	6.62	6.16	8.52
Total Current Assets	36.97	34.14	47.11	62.12	46.18
Property, Plant & Equipment	545.28	551.75	540.51	506.59	455.9
Long-Term Investments	-	-	-	1.79	1.79
Goodwill	205.24	205.7	177.55	174.24	174.24
Other Intangible Assets	7.39	7.58	6.13	5.21	5.04
Other Long-Term Assets	15.29	17.73	20.02	8.68	6.78
Total Assets	810.17	816.91	791.32	758.63	689.93
Accounts Payable	26.88	21.96	28.45	21.74	16.93
Accrued Expenses	23.85	21.77	25.83	29.34	25.7
Short-Term Debt	37.18	26.26	31.85	12.53	10.04
Current Portion of Long-Term Debt	21.52	20.37	14.04	13.33	20
Current Portion of Leases	27.18	28.09	25.84	24.47	22.02
Total Current Liabilities	136.61	118.44	126	101.4	94.68
Long-Term Debt	145.01	164.28	155.11	165.38	148.86
Long-Term Leases	367.65	376.95	359.32	352.18	320.88
Long-Term Unearned Revenue	2.23	2.3	1.15	1.71	2.87
Long-Term Deferred Tax Liabilities	15.58	15.8	15.82	13.72	9.66
Other Long-Term Liabilities	14.28	17.09	16.72	15.55	14.55
Total Liabilities	681.35	694.87	674.12	649.95	591.51
Common Stock	0.07	0.07	0.07	0.07	0.07
Additional Paid-In Capital	35.91	33.58	29.12	31.14	36.23
Retained Earnings	86.65	81.14	77.99	73.13	59.49
Comprehensive Income & Other	5.04	6.34	8.96	1.4	-
Total Common Equity	127.66	121.13	116.13	105.74	95.79
Minority Interest	1.14	0.9	1.05	2.93	2.62
Shareholders' Equity	128.81	122.04	117.2	108.68	98.42
Total Liabilities & Equity	810.17	816.91	791.32	758.63	689.93
Total Debt	598.53	615.94	586.16	567.89	521.8
Net Cash (Debt)	-577.68	-596.5	-550.78	-517.93	-489.48
Net Cash Per Share	-67.80	-72.18	-63.35	-53.78	-52.03
Filing Date Shares Outstanding	6.63	6.52	6.5	6.55	6.64
Total Common Shares Outstanding	6.63	6.52	6.5	6.55	6.64
Working Capital	-99.64	-84.31	-78.89	-39.28	-48.5
Book Value Per Share	19.26	18.58	17.86	16.16	14.42
Tangible Book Value	-84.97	-92.16	-67.55	-73.71	-83.49
Tangible Book Value Per Share	-12.82	-14.14	-10.39	-11.26	-12.57
Land	35.91	29.2	34.51	25.11	23.83
Buildings	88.89	80.91	72.5	61.93	53.81
Machinery	117.31	112.82	98.4	89.36	80.92
Construction In Progress	11.01	11.88	23.66	16.74	6.34
Leasehold Improvements	23.67	24.1	23.23	22.34	21.87

Updated Mar 19, 2014. Source: S&P Global Market Intelligence. Standard template. Financial Sources.