The company's solvency profile appears increasingly vulnerable, with total debt rising to $9.1 million by 2026Q1, resulting in a debt-to-equity ratio of 1.54.
| Total Current Assets | 7.74M | 5.68M | 4.92M | 1.68M | 1.08M | 1.29M | 1.44M |
| Cash & Short-Term Investments | 917.66K | 616.28K | 2.33M | 657.79K | 312.7K | 620.33K | 1.12M |
| Cash Only | 917.66K | 616.28K | 2.33M | 657.79K | 312.7K | 620.33K | 1.12M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.89M | 2.01M | 449.2K | 655.08K | 87.83K | 151.77K | 77.16K |
| Days Sales Outstanding | 56.16 | 53.37 | 25.48 | 84.61 | 42.62 | 77.42 | 86.15 |
| Inventory | 23.53K | 561.16K | 1.93M | 336.81K | 159.76K | 203.97K | 249.51K |
| Days Inventory Outstanding | 43.85 | 17.52 | 124.66 | 42.07 | 63.2 | 94.66 | 283.98 |
| Other Current Assets | 4.9M | 1.82M | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 9.44M | 8.77M | 7.94M | 1.45M | 2.19M | 1.91M | 100.71K |
| Property, Plant & Equipment | 7.38M | 7.07M | 5.63M | 1.06M | 1.02M | 1.07M | 712 |
| Fixed Asset Turnover | 1.93x | 1.94x | 1.14x | 2.66x | 0.74x | 0.67x | 459.16x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 359.98K | 0 | 359.98K | 0 | 0 | 643.09K | 0 |
| Other Non-Current Assets | 2.06M | 1.7M | 1.95M | 384.63K | 1.16M | 192.28K | 100K |
| Total Assets | 17.17M | 14.46M | 12.86M | 3.13M | 3.26M | 3.19M | 1.54M |
| Asset Turnover | 0.88x | 0.95x | 0.50x | 0.90x | 0.23x | 0.22x | 0.21x |
| Asset Growth % | 184.99% | 12.48% | 311.38% | -4.26% | 2.21% | 106.88% | - |
| Total Current Liabilities | 8.85M | 6.27M | 8.81M | 779.09K | 8.37M | 1.33M | 745.36K |
| Accounts Payable | 2.4M | 1.25M | 1.19M | 382.95K | 280.08K | 247.07K | 22.08K |
| Days Payables Outstanding | 53.18 | 39.11 | 77.1 | 47.83 | 110.79 | 114.67 | 25.13 |
| Short-Term Debt | 6.72M | 3.98M | 6.35M | 200K | 7.4M | 156.33K | 88.44K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -274.83K | 0 | 912K | 121.87K | 0 | 907.3K | 494.26K |
| Current Ratio | 0.87x | 0.91x | 0.56x | 2.15x | 0.13x | 0.97x | 1.94x |
| Quick Ratio | 0.87x | 0.82x | 0.34x | 1.72x | 0.11x | 0.81x | 1.60x |
| Cash Conversion Cycle | 46.83 | 31.78 | 73.03 | 78.85 | -4.98 | 57.42 | 345.01 |
| Total Non-Current Liabilities | 2.39M | 2.62M | 1.7M | 135.53K | 34.5K | 3.48M | 2.03M |
| Long-Term Debt | 2.39M | 2.62M | 34.5K | 34.5K | 34.5K | 3.48M | 2.03M |
| Capital Lease Obligations | 3.34M | 0 | 1.67M | 101.03K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 11.24M | 8.89M | 10.51M | 914.62K | 8.4M | 4.82M | 2.77M |
| Total Debt | 9.12M | 6.6M | 8.07M | 366.43K | 7.44M | 3.64M | 2.12M |
| Net Debt | 8.2M | 5.98M | 5.75M | -291.36K | 7.12M | 3.02M | 999.72K |
| Debt / Equity | 1.54x | 1.18x | 3.45x | 0.17x | - | - | - |
| Debt / EBITDA | -1.74x | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.57x | - | - | - | - | - | - |
| Interest Coverage | -9.26x | -7.18x | -5.14x | -8.02x | -1.06x | 0.05x | -1.51x |
| Total Equity | 5.93M | 5.57M | 2.34M | 2.21M | -5.14M | -1.62M | -1.23M |
| Equity Growth % | 504.79% | 137.95% | 5.93% | 143.01% | -216.91% | -32.01% | - |
| Book Value per Share | 0.55 | 0.52 | 0.41 | 0.55 | -4.28 | -1.45 | -1.13 |
| Total Shareholders' Equity | 5.93M | 5.57M | 2.34M | 2.21M | -5.14M | -1.62M | -1.23M |
| Common Stock | 14.58K | 13.38K | 8.43K | 4.04K | 1.2K | 2.98K | 2.78K |
| Retained Earnings | -25.48M | -23.69M | -17.56M | -12.81M | -8.88M | -4.24M | -3.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -29.38K | 26.86K | -8.58K | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and dilution
As reported in recent financial filings, BranchOut Food's total liabilities have surged to $11.2 million by 2026Q1, significantly outpacing the growth of equity, which suggests that the company's aggressive expansion strategy is increasingly reliant on debt rather than internal capital generation or retained earnings.
The consistent accumulation of negative retained earnings, now reaching -$25.5 million, indicates that the company is consuming its equity base to fund operational losses. This trajectory suggests that the business model remains fundamentally unproven, as the scale of operations has not yet yielded the necessary efficiencies to stabilize the balance sheet.
Based on the provided quarterly data, BranchOut Food's debt load has climbed to $9.1 million as of 2026Q1, resulting in a debt-to-equity ratio of 1.54 that appears to be a function of survival rather than a strategic choice to optimize the capital structure.
The reliance on debt to bridge the gap between operating cash outflows and revenue suggests that the company lacks access to more favorable, non-dilutive financing. Investors should monitor whether this leverage level becomes unsustainable, as the current debt burden may limit the company's flexibility to navigate future market volatility.
According to the latest balance sheet figures, the company's cash position of $917,700 against a current ratio of 0.87 indicates a tightening liquidity profile that leaves little room for error in managing short-term obligations or unexpected supply chain disruptions.
A current ratio below 1.0 suggests that the company may struggle to meet its immediate liabilities without further capital injections. This liquidity constraint appears to be a direct consequence of the high cash burn rate required to sustain the current retail distribution growth strategy.
As evidenced by the financial statements, the company's asset base is heavily concentrated in net property, plant, and equipment, which grew to $7.4 million by 2026Q1, reflecting the capital-intensive nature of the proprietary dehydration technology required for production.
The high concentration of assets in fixed infrastructure suggests that the company is locked into a high-fixed-cost model that requires significant volume to achieve profitability. This asset mix warrants investigation into whether these facilities are being utilized efficiently or if they represent an over-investment relative to current sales velocity.
Quick answers to the most common questions about buying BOF stock.
As of 2025, BranchOut Food Inc. (BOF) had total assets of $14.5M including $5.7M in current assets.
BranchOut Food Inc. (BOF) carries total debt of $6.6M, offset by $0.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BranchOut Food Inc. (BOF) has total shareholders' equity (book value) of $5.6M ($0.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BranchOut Food Inc. (BOF) reported a current ratio of 0.91x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.