Shareholder equity has experienced severe decay, with retained earnings shifting from a positive $901.3 million in 2023Q4 to a negative $27.5 million by 2026Q1, reflecting a significant erosion of the company's resource base.
| Total Current Assets | 208.7M | 268.3M | 196.9M | 177.3M | 310.6M | 121.6M | 844.2M | 630.9M | 455.7M | 350.2M | 272.6M | 386.9M |
| Cash & Short-Term Investments | 135.7M | 182M | 137.7M | 121.8M | 282.6M | 85.8M | 759.9M | 533.7M | 323M | 263.3M | 193.5M | 310.6M |
| Cash Only | 135.7M | 182M | 131.5M | 106.2M | 247.7M | 85.8M | 724.7M | 533.7M | 323M | 245.6M | 141.7M | 275.1M |
| Short-Term Investments | 0 | 0 | 6.2M | 15.6M | 34.9M | 0 | 35.2M | 0 | 0 | 17.7M | 51.8M | 35.5M |
| Accounts Receivable | 54.4M | 60.6M | 35.7M | 26M | 1.9M | 0 | 17.6M | 16M | 30.4M | 35.8M | 24.7M | 35.6M |
| Days Sales Outstanding | 30.38 | 52.22 | 28.8 | 16.65 | 1.05 | - | 10.97 | 5.46 | 9.21 | 11.17 | 7.65 | 9.19 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.3M | 22.3M | 29.7M | 23.9M | 23.6M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | 5.93 | 7.01 | 9.91 | 8.29 | 6.73 |
| Other Current Assets | 18.6M | 25.7M | 23.5M | 29.5M | 26.1M | 35.8M | 66.7M | 500K | 39.1M | 0 | 21.8M | 0 |
| Total Non-Current Assets | 1.03B | 1.05B | 2.03B | 2.51B | 2.81B | 3.77B | 3.77B | 1.46B | 1B | 1.14B | 1.2B | 1.09B |
| Property, Plant & Equipment | 153.2M | 165.9M | 197.8M | 202.2M | 243.5M | 272.6M | 348.1M | 355.5M | 176.4M | 218.8M | 235M | 227.3M |
| Fixed Asset Turnover | 2.43x | 2.55x | 2.29x | 2.82x | 2.72x | 2.72x | 1.68x | 3.01x | 6.83x | 5.35x | 5.01x | 6.22x |
| Goodwill | 53.4M | 53.4M | 53.4M | 53.4M | 53.4M | 53.4M | 53.4M | 66.1M | 164.9M | 202.7M | 103.1M | 188.4M |
| Intangible Assets | 12.7M | 13.2M | 15.1M | 16.8M | 23.5M | 26.9M | 51.8M | 63.1M | 175.8M | 214.5M | 111.8M | 177M |
| Long-Term Investments | 3.03B | 792.2M | 1.51B | 2.01B | 2.34B | 3.31B | 3.32B | 836.5M | 397.2M | 424.9M | 475.8M | 396M |
| Other Non-Current Assets | 26.7M | 27.1M | 178.8M | 145.3M | 136.2M | 108.7M | 1.52B | 85.6M | 73.3M | 65.5M | 241.9M | 65.9M |
| Total Assets | 1.24B | 1.32B | 2.23B | 2.69B | 3.13B | 3.89B | 4.61B | 2.09B | 1.46B | 1.49B | 1.47B | 1.47B |
| Asset Turnover | 0.28x | 0.32x | 0.20x | 0.21x | 0.21x | 0.19x | 0.13x | 0.51x | 0.83x | 0.79x | 0.80x | 0.96x |
| Asset Growth % | -135.08% | -40.75% | -17.04% | -14.04% | -19.64% | -15.69% | 120.5% | 43.28% | -1.82% | 0.94% | 0.08% | - |
| Total Current Liabilities | 122.4M | 129.7M | 146.5M | 107.5M | 122.7M | 179.5M | 202M | 198.7M | 160.3M | 249.8M | 159.5M | 159.7M |
| Accounts Payable | 86.5M | 91.9M | 16.6M | 27M | 25.8M | 22.7M | 25.7M | 19.6M | 23M | 20.3M | 24.7M | 127.7M |
| Days Payables Outstanding | 82.21 | 90.68 | 13.48 | 18.7 | 14.93 | 11.88 | 15.15 | 7.13 | 7.23 | 6.77 | 8.57 | 36.4 |
| Short-Term Debt | 21.4M | 21.7M | 61M | 2.5M | 2.3M | 2.3M | 11.3M | 7M | 5.9M | 122.2M | 11.4M | 8.8M |
| Deferred Revenue (Current) | 55.7M | 16.1M | 16.2M | 16.9M | 18.6M | 23.1M | 23.9M | 26.4M | 31.5M | 26.1M | 24.7M | 23.2M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 47.4M | 0 | 108.3M | 0 | 78.3M | 0 |
| Current Ratio | 1.71x | 2.07x | 1.34x | 1.65x | 2.53x | 0.68x | 4.18x | 3.18x | 2.84x | 1.40x | 1.71x | 2.42x |
| Quick Ratio | 1.71x | 2.07x | 1.34x | 1.65x | 2.53x | 0.68x | 4.18x | 3.09x | 2.70x | 1.28x | 1.56x | 2.27x |
| Cash Conversion Cycle | -51.83 | - | - | - | - | - | - | 4.26 | 8.99 | 14.31 | 7.37 | -20.49 |
| Total Non-Current Liabilities | 194.8M | 200.1M | 267.1M | 270M | 287.9M | 369M | 626.2M | 363.7M | 99.9M | 84.3M | 304M | 253.3M |
| Long-Term Debt | 64.5M | 187.3M | 120M | 102.5M | 95.1M | 14.1M | 52.2M | 120.1M | 42.2M | 12.7M | 93.3M | 191.1M |
| Capital Lease Obligations | 496.6M | 122.8M | 135M | 155.3M | 179.8M | 195.6M | 195.6M | 199.7M | 0 | 0 | 30M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 143.8M | 325.3M | 0 | -200K | -9.1M | 0 | 0 |
| Other Non-Current Liabilities | 12.3M | -110M | 12.1M | 12.2M | 13M | 15.5M | 53.1M | 43.9M | 57.4M | 62.5M | 180.7M | 62.2M |
| Total Liabilities | 317.2M | 329.8M | 413.6M | 377.5M | 410.6M | 548.5M | 828.2M | 562.4M | 260.2M | 334.1M | 463.5M | 413M |
| Total Debt | 203.9M | 331.8M | 330.5M | 274.2M | 300M | 235.8M | 285.3M | 368.3M | 48.1M | 134.9M | 134.7M | 199.9M |
| Net Debt | 68.2M | 149.8M | 199M | 168M | 52.3M | 150M | -439.4M | -165.4M | -274.9M | -110.7M | -7M | -75.2M |
| Debt / Equity | 0.22x | 0.33x | 0.18x | 0.12x | 0.11x | 0.07x | 0.08x | 0.24x | 0.04x | 0.12x | 0.13x | 0.19x |
| Debt / EBITDA | 156.85x | - | - | - | - | - | - | - | - | - | 3.17x | 3.74x |
| Net Debt / EBITDA | 52.46x | - | - | - | - | - | - | - | - | - | -0.16x | -1.41x |
| Interest Coverage | -30.17x | -38.81x | -21.75x | -10.57x | -26.28x | -43.18x | 243.43x | 14.37x | 5.81x | -9.61x | 2.00x | 0.31x |
| Total Equity | 922.4M | 990.9M | 1.82B | 2.31B | 2.71B | 3.34B | 3.79B | 1.53B | 1.2B | 1.15B | 1.01B | 1.06B |
| Equity Growth % | -155.53% | -45.41% | -21.39% | -14.94% | -18.74% | -11.73% | 147.43% | 27.48% | 4.07% | 14.19% | -4.65% | - |
| Book Value per Share | 20.10 | 17.54 | 28.19 | 31.46 | 33.27 | 37.08 | 44.07 | 21.13 | 16.83 | 16.33 | 14.25 | 14.95 |
| Total Shareholders' Equity | 958.9M | 1.02B | 1.84B | 2.32B | 2.72B | 3.34B | 3.78B | 1.49B | 1.12B | 1.06B | 893.5M | 945.5M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 961.6M | 1.02B |
| Retained Earnings | -27.5M | 23.3M | 567.1M | 901.3M | 1.21B | 1.64B | 1.93B | 143.6M | 46.1M | 200K | 0 | -3M |
| Treasury Stock | -1.06B | -1.05B | -724.7M | -533.9M | -414M | -188.6M | -21.1M | -5.9M | -200K | 0 | 0 | -108M |
| Accumulated OCI | 6M | 6.5M | -19.2M | -19.9M | -18.1M | -7.2M | -4.9M | -45.9M | -67.2M | -71M | -68.1M | -75.5M |
| Minority Interest | -36.5M | -32.9M | -21.2M | -15.3M | -3.9M | 5.8M | 5.6M | 41.3M | 75.1M | 93.7M | 116.3M | 113.6M |
Asset Value Volatility
According to historical balance sheet data, CNNE has seen total assets decline from $2.7 billion in 2023Q4 to $1.2 billion in 2026Q1, reflecting a significant reduction in the company's overall resource base as it navigates a period of persistent operational and investment-related headwinds.
The consistent downward trend in total assets suggests that the company is either divesting core holdings or experiencing significant valuation compression across its portfolio. This contraction warrants concern regarding the long-term sustainability of the current business model, as the asset base shrinks faster than the company can generate offsetting value.
As reported in recent financial statements, CNNE's retained earnings have plummeted from $901.3 million in 2023Q4 to a negative $27.5 million by 2026Q1, signaling a rapid erosion of shareholder equity driven by persistent net losses and potential capital allocation decisions.
The shift into negative retained earnings indicates that the company has exhausted the surplus generated from past successes, likely due to the ongoing drag from its consolidated restaurant operations. Investors should monitor whether this trend forces a change in capital allocation strategy, as the buffer for absorbing further losses is now effectively depleted.
Based on reported figures, CNNE's cash position has fluctuated significantly, dropping from $238.3 million in 2024Q1 to $135.7 million in 2026Q1, which highlights the company's reliance on liquidating assets to maintain operational liquidity amidst ongoing cash burn.
While the current ratio of 1.71 suggests a superficial level of short-term solvency, the volatility in cash balances implies that liquidity is highly dependent on the timing of investment exits rather than organic cash flow. This dependency creates a vulnerability to market conditions, as the company may be forced to sell assets at inopportune times to cover operational deficits.
Data from the balance sheet indicates that PPE net has declined from $202.2 million in 2023Q4 to $153.2 million in 2026Q1, suggesting that the company is not reinvesting in its physical restaurant footprint, which may exacerbate long-term operational decline.
The reduction in PPE, coupled with stagnant goodwill, suggests that the company is managing its restaurant assets for cash rather than growth. This strategy appears to be a defensive measure that may ultimately limit the future sale value of these segments, as the underlying infrastructure likely suffers from deferred maintenance.
Quick answers to the most common questions about buying CNNE stock.
As of 2025, Cannae Holdings, Inc. (CNNE) had total assets of $1.32B including $268.3M in current assets.
Cannae Holdings, Inc. (CNNE) carries total debt of $331.8M, offset by $182.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cannae Holdings, Inc. (CNNE) has total shareholders' equity (book value) of $1.02B ($17.54 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cannae Holdings, Inc. (CNNE) reported a current ratio of 2.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.