The company's financial health is constrained by a substantial $3.2 billion debt load and a deteriorating equity base that reached negative $228.3 million in 2026Q3.
| Total Current Assets | 120.12M | 112.55M | 113.96M | 230.66M | 169.29M | 207.44M | 161.64M |
| Cash & Short-Term Investments | 58.65M | 59.69M | 66.97M | 195.63M | 132.24M | 187.09M | 140.71M |
| Cash Only | 58.65M | 59.69M | 66.97M | 195.63M | 132.24M | 187.09M | 140.71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 18.48M | 8M | 6.76M | 3.09M | 5.23M | 3.3M | 3.76M |
| Days Sales Outstanding | 2.86 | 2.43 | 2.14 | 1.07 | 2.09 | 3.05 | 2.64 |
| Inventory | 15.09M | 15.5M | 13.17M | 11.47M | 10.31M | 8.31M | 8.17M |
| Days Inventory Outstanding | 6.48 | 7.5 | 5.72 | 5.84 | 6.17 | 8.1 | 6.72 |
| Other Current Assets | 2.79M | 29.37M | 27.06M | 20.46M | 8.79M | 686K | 1.31M |
| Total Non-Current Assets | 3.15B | 3.05B | 3B | 2.61B | 1.69B | 1.57B | 1.61B |
| Property, Plant & Equipment | 2.11B | 2.04B | 1.97B | 1.68B | 797.42M | 699.74M | 743.72M |
| Fixed Asset Turnover | 0.60x | 0.59x | 0.59x | 0.63x | 1.14x | 0.56x | 0.70x |
| Goodwill | 886.57M | 844.35M | 833.89M | 753.54M | 742.67M | 726.16M | 724.93M |
| Intangible Assets | 53M | 45.56M | 47.05M | 90.99M | 104.02M | 105.12M | 101.8M |
| Long-Term Investments | 103.45M | 25.84M | 25.85M | 0 | 0 | 1.23M | 1.22M |
| Other Non-Current Assets | 22.15M | 22.3M | 9.88M | 12.1M | 41.02M | 42.55M | 43.02M |
| Total Assets | 3.27B | 3.16B | 3.11B | 2.84B | 1.85B | 1.78B | 1.78B |
| Asset Turnover | 0.39x | 0.38x | 0.37x | 0.37x | 0.49x | 0.22x | 0.29x |
| Asset Growth % | 7.87% | 1.47% | 9.6% | 53.22% | 4.05% | 0.33% | - |
| Total Current Liabilities | 240.01M | 194.38M | 182.81M | 168.71M | 119.16M | 107.37M | 71.38M |
| Accounts Payable | 41.73M | 33.86M | 50.46M | 53.51M | 38.22M | 29.49M | 16.95M |
| Days Payables Outstanding | 15.46 | 16.39 | 21.91 | 27.27 | 22.87 | 28.76 | 13.96 |
| Short-Term Debt | 46.61M | 10.16M | 9.16M | 9.34M | 4.97M | 5.06M | 5.26M |
| Deferred Revenue (Current) | 91.3M | 30.61M | 29.98M | 19.85M | 17.11M | 13M | 8.37M |
| Other Current Liabilities | 119.91M | 19.61M | 23.17M | 28.95M | 32.12M | 27.14M | 14.47M |
| Current Ratio | 0.50x | 0.58x | 0.62x | 1.37x | 1.42x | 1.93x | 2.26x |
| Quick Ratio | 0.44x | 0.50x | 0.55x | 1.30x | 1.33x | 1.85x | 2.15x |
| Cash Conversion Cycle | -6.12 | -6.46 | -14.06 | -20.36 | -14.61 | -17.61 | -4.6 |
| Total Non-Current Liabilities | 3.25B | 3.14B | 2.98B | 2.37B | 1.54B | 1.34B | 1.26B |
| Long-Term Debt | 2.19B | 1.3B | 1.13B | 1.14B | 865.09M | 870.53M | 830.59M |
| Capital Lease Obligations | 4.56B | 1.29B | 1.24B | 1.08B | 397.6M | 374.6M | 361.71M |
| Deferred Tax Liabilities | 17.93M | 4.43M | 4.45M | 4.16M | 14.88M | 11.87M | 12.85M |
| Other Non-Current Liabilities | 56.84M | 541.71M | 604.98M | 146.42M | 265.37M | 87.75M | 56.12M |
| Total Liabilities | 3.49B | 3.33B | 3.16B | 2.54B | 1.66B | 1.45B | 1.33B |
| Total Debt | 3.24B | 2.63B | 2.41B | 2.26B | 1.27B | 1.25B | 1.2B |
| Net Debt | 3.18B | 2.57B | 2.34B | 2.06B | 1.14B | 1.06B | 1.06B |
| Debt / Equity | -14.19x | - | - | 7.53x | 6.59x | 3.79x | 2.70x |
| Debt / EBITDA | 11.46x | 8.96x | 10.17x | 7.27x | 5.67x | 23.49x | 13.73x |
| Net Debt / EBITDA | 11.25x | 8.75x | 9.89x | 6.64x | 5.08x | 19.98x | 12.11x |
| Interest Coverage | 0.87x | 1.21x | 0.37x | 0.98x | 0.68x | -0.43x | -0.02x |
| Total Equity | -228.35M | -171.35M | -49.85M | 299.55M | 192.32M | 330.12M | 443.81M |
| Equity Growth % | -839.86% | -243.71% | -116.64% | 55.76% | -41.74% | -25.62% | - |
| Book Value per Share | -1.64 | -1.22 | -0.33 | 1.70 | 1.23 | 2.00 | 2.68 |
| Total Shareholders' Equity | -228.35M | -171.35M | -49.85M | 299.55M | 192.32M | 330.12M | 443.81M |
| Common Stock | 18K | 18K | 17K | 17K | 17K | 464.84M | 160.6M |
| Retained Earnings | -322.78M | -313.18M | -303.16M | -219.66M | -312.85M | -266.47M | -102.7M |
| Treasury Stock | -490.32M | -457.92M | -385.01M | -135.4M | -34.56M | 0 | 0 |
| Accumulated OCI | 713K | -480K | 220K | 4.15M | -1.31M | -9.4M | -19.01M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Negative Equity and Leverage
As reported in recent quarterly filings, LUCK's equity position has deteriorated into negative territory, falling to -$228.3 million by 2026Q3, which suggests that the company's aggressive acquisition-led growth strategy has significantly outpaced its ability to generate retained earnings and maintain a stable capital base.
The consistent decline in retained earnings, which reached -$322.8 million in 2026Q3, indicates that the company is struggling to achieve operational self-sufficiency. This trajectory implies that the business model remains heavily reliant on external financing to cover both its operational deficits and its ongoing capital-intensive expansion efforts.
Based on the latest balance sheet data, LUCK carries a substantial debt load of $3.2 billion as of 2026Q3, a figure that appears disproportionate to the company's asset base and highlights the significant interest-bearing obligations that continue to weigh on its overall financial health.
The high debt-to-asset ratio suggests that the company is operating with limited financial flexibility, leaving little room for error in a cyclical leisure market. Investors should monitor whether the current debt structure can be serviced through organic cash flow or if further refinancing will be required to avoid liquidity constraints.
According to financial statements, LUCK's asset base is heavily concentrated in $886.6 million of goodwill and $2.1 billion in net PPE, indicating that the company's valuation is largely tied to the successful integration of acquired venues rather than liquid or easily monetizable assets.
The reliance on goodwill suggests that the company's book value is sensitive to potential impairment charges if the acquired bowling centers fail to meet performance expectations. The significant investment in PPE underscores the capital-intensive nature of the business, which may limit the company's ability to pivot quickly during economic downturns.
As indicated by the 2026Q3 current ratio of 0.50, LUCK maintains a thin liquidity buffer, which may leave the company vulnerable to short-term operational shocks or unexpected spikes in capital expenditure requirements given its current cash position of only $58.7 million.
A current ratio consistently below 1.0 suggests that the company may face challenges in meeting its short-term obligations without relying on revolving credit facilities or additional debt. This liquidity profile warrants close investigation, as it limits the company's capacity to absorb volatility in its seasonal revenue streams.
Quick answers to the most common questions about buying LUCK stock.
As of 2025, Lucky Strike Entertainment Corporation (LUCK) had total assets of $3.16B including $112.5M in current assets.
Lucky Strike Entertainment Corporation (LUCK) carries total debt of $2.63B, offset by $59.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Lucky Strike Entertainment Corporation (LUCK) has total shareholders' equity (book value) of $-171.3M ($-1.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Lucky Strike Entertainment Corporation (LUCK) reported a current ratio of 0.58x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.