Shake Shack Inc. (SHAK) quarterly balance sheet — complete assets, liabilities & equity history
Shake Shack Inc. (SHAK) balance sheet — 14-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 397.37M | 393.76M | 393.87M | 430.35M | 414.78M | 390.84M | 364.6M | 368.22M | 354.02M | 345.68M | 326.19M | 334.43M | 323.24M | 329.52M | 330.07M | 343.99M | 367.06M | 387.57M | 386.62M | 409.68M |
| Cash & Short-Term Investments | 319M | 307.96M | 313.65M | 360.12M | 357.76M | 336.8M | 312.92M | 320.71M | 310.87M | 304.41M | 284.77M | 293.21M | 284.98M | 295.23M | 293.43M | 311.23M | 337.01M | 357.96M | 358.93M | 382.41M |
| Cash Only | 319M | 307.96M | 313.65M | 360.12M | 357.76M | 336.8M | 312.92M | 320.71M | 310.87M | 301.84M | 260.2M | 224.65M | 190.02M | 203.7M | 293.43M | 230.52M | 257M | 278.33M | 279.25M | 302.41M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.57M | 24.57M | 68.56M | 94.96M | 91.54M | 0 | 80.71M | 80.02M | 79.63M | 79.68M | 80M |
| Accounts Receivable | 51.67M | 34.66M | 47.78M | 50.89M | 37.53M | 36.81M | 33.54M | 19.69M | 27.81M | 28.38M | 26.75M | 28.98M | 13.89M | 14.33M | 14.18M | 13.88M | 11.8M | 11.94M | 11.76M | 13.66M |
| Days Sales Outstanding | 9.28 | 8.98 | 12.24 | 10.82 | 9.21 | 8.98 | 7.55 | 6.58 | 8.07 | 7.93 | 8.73 | 6.81 | 4.65 | 4.77 | 4.87 | 5.06 | 4.74 | 4.67 | 5.56 | 5.71 |
| Inventory | 7.56M | 7.36M | 6.61M | 7.18M | 6.31M | 6.03M | 5.31M | 6.01M | 5.15M | 5.19M | 5.07M | 5.4M | 4.61M | 4.67M | 4.39M | 4.18M | 4M | 3.96M | 3.78M | 3.85M |
| Days Inventory Outstanding | 2.15 | 4.84 | 3.26 | 1.04 | 2.93 | 2.79 | 2.98 | 2.92 | 2.74 | 2.72 | 2.95 | 2.87 | 2.75 | 2.73 | 2.58 | 2.86 | 2.73 | 2.67 | 2.82 | 2.89 |
| Other Current Assets | 824K | 0 | 27K | 994K | 833K | 787K | 820K | 844K | 940K | 1.36M | 1.32M | 1.19M | 0 | 0 | 0 | 14.7M | 0 | 0 | 0 | 9.76M |
| Total Non-Current Assets | 1.59B | 1.56B | 1.52B | 1.47B | 1.41B | 1.38B | 1.36B | 1.33B | 1.32B | 1.32B | 1.29B | 1.27B | 1.24B | 1.2B | 1.18B | 1.15B | 1.13B | 1.09B | 1.06B | 1.05B |
| Property, Plant & Equipment | 1.26B | 1.22B | 1.19B | 1.13B | 1.07B | 1.03B | 1B | 976.21M | 964.49M | 964.75M | 947.88M | 929.29M | 923.43M | 885.47M | 859.09M | 834.52M | 812.41M | 772.54M | 745.1M | 736.66M |
| Fixed Asset Turnover | 0.34x | 0.35x | 0.32x | 0.36x | 0.35x | 0.35x | 0.32x | 0.34x | 0.33x | 0.33x | 0.31x | 0.31x | 0.31x | 0.31x | 0.30x | 0.29x | 0.29x | 0.30x | 0.27x | 0.28x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 2.04M | 0 | 0 | 0 | 2.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.84M | 0 | 0 | 0 | 1.46M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.84M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.13M | 11.56M | 10.1M | 8.34M | 11.25M | 12.39M | 12.2M | 8.92M | 12.44M | 12.79M | 14.81M | 15.93M | 16.04M | 15.8M | 16.21M | 15.82M | 15.33M | 14.73M | 13.85M | 11.1M |
| Total Assets | 1.99B | 1.95B | 1.92B | 1.9B | 1.83B | 1.78B | 1.73B | 1.7B | 1.68B | 1.66B | 1.62B | 1.61B | 1.56B | 1.53B | 1.51B | 1.49B | 1.5B | 1.48B | 1.45B | 1.46B |
| Asset Turnover | 0.22x | 0.22x | 0.19x | 0.22x | 0.20x | 0.20x | 0.19x | 0.19x | 0.19x | 0.19x | 0.18x | 0.18x | 0.18x | 0.18x | 0.17x | 0.16x | 0.15x | 0.16x | 0.14x | 0.14x |
| Asset Growth % | 8.65% | 9.87% | 11.01% | 11.74% | 9.06% | 6.82% | 6.71% | 5.67% | 7.07% | 8.41% | 7.43% | 7.43% | 4.2% | 3.56% | 3.94% | 2.33% | 4.27% | 3.34% | 2.99% | 27.54% |
| Total Current Liabilities | 230.95M | 236M | 232.61M | 244.92M | 225.35M | 204.05M | 190.63M | 187.31M | 175.83M | 168.09M | 161.08M | 164.07M | 152.18M | 150.19M | 143.05M | 147.72M | 144.54M | 133.91M | 125.96M | 121.5M |
| Accounts Payable | 25.09M | 23.61M | 27.02M | 24.75M | 23.56M | 20.66M | 20.68M | 23.61M | 15.77M | 18.58M | 15.16M | 22.27M | 21.25M | 17M | 16M | 20.41M | 17.21M | 16.42M | 13.39M | 19.95M |
| Days Payables Outstanding | 7.01 | 17.53 | 12.22 | 3.72 | 10.51 | 10.19 | 11.67 | 10.31 | 9.11 | 8.94 | 10.53 | 12.46 | 11.35 | 9.95 | 10.97 | 13.16 | 11.56 | 10.29 | 12.33 | 14.81 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 59.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.23M |
| Deferred Revenue (Current) | 2.74M | 0 | 2.94M | 3.71M | 2.12M | 2.2M | 2.19M | 2.58M | 1.94M | 2.05M | 2.33M | 2.6M | 1.97M | 1.98M | 2M | 2.29M | 1.74M | 1.8M | 1.85M | 3.3M |
| Other Current Liabilities | 9.86M | 90.26M | 6.27M | 8.03M | 6.43M | -52.67M | 7.16M | 5.87M | 5.27M | 5.36M | 6.21M | 4.99M | 6.79M | 7.61M | 7.76M | 62.67M | 10.36M | 10.82M | 55.04M | 45.38M |
| Current Ratio | 1.72x | 1.67x | 1.69x | 1.76x | 1.84x | 1.92x | 1.91x | 1.97x | 2.01x | 2.06x | 2.02x | 2.04x | 2.12x | 2.19x | 2.31x | 2.33x | 2.54x | 2.89x | 3.07x | 3.37x |
| Quick Ratio | 1.69x | 1.64x | 1.66x | 1.73x | 1.81x | 1.89x | 1.88x | 1.93x | 1.98x | 2.03x | 1.99x | 2.01x | 2.09x | 2.16x | 2.28x | 2.30x | 2.51x | 2.86x | 3.04x | 3.34x |
| Cash Conversion Cycle | 4.42 | -3.72 | 3.28 | 8.14 | 1.63 | 1.59 | -1.14 | -0.82 | 1.7 | 1.7 | 1.15 | -2.78 | -3.94 | -2.44 | -3.51 | -5.24 | -4.08 | -2.95 | -3.95 | -6.2 |
| Total Non-Current Liabilities | 1.16B | 1.14B | 1.13B | 1.1B | 1.07B | 1.05B | 1.04B | 1.02B | 1.02B | 1.01B | 985.46M | 972.42M | 970.68M | 951.27M | 943.96M | 927.4M | 928.97M | 918.53M | 898.51M | 903.68M |
| Long-Term Debt | 248.52M | 248.25M | 247.99M | 247.73M | 247.47M | 247.21M | 246.94M | 246.68M | 246.42M | 246.16M | 245.9M | 245.64M | 245.38M | 245.11M | 244.85M | 244.59M | 244.33M | 244.07M | 243.8M | 243.54M |
| Capital Lease Obligations | 647.68M | 8.28M | 617.83M | 584.88M | 540.25M | 536.23M | 525.15M | 503.12M | 507.9M | 496.57M | 476.7M | 473.25M | 471.58M | 452.37M | 445.38M | 431.14M | 432.75M | 421.97M | 403.73M | 404.42M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 5.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.65M | 0 | 0 | 0 | 3.2M |
| Other Non-Current Liabilities | 263.33M | 886.2M | 245.75M | 245.77M | 278.88M | 248.87M | 249.37M | 249.17M | 249.6M | 247.8M | 262.85M | 236.37M | 237.01M | 237.11M | 237.64M | 237.33M | 237.54M | 238.15M | 237.69M | 239.85M |
| Total Liabilities | 1.39B | 1.38B | 1.36B | 1.34B | 1.29B | 1.26B | 1.23B | 1.2B | 1.2B | 1.18B | 1.15B | 1.14B | 1.12B | 1.1B | 1.09B | 1.08B | 1.07B | 1.05B | 1.02B | 1.03B |
| Total Debt | 973.08M | 263.17M | 937.41M | 902.13M | 853.99M | 906.96M | 834.63M | 809.62M | 813.43M | 799.66M | 776.91M | 771.33M | 767.8M | 746.54M | 737.33M | 720.51M | 720.31M | 707.55M | 687.18M | 686.19M |
| Net Debt | 654.07M | -44.8M | 623.76M | 542M | 496.23M | 570.16M | 521.7M | 488.91M | 502.57M | 497.82M | 516.71M | 546.68M | 577.78M | 542.85M | 443.9M | 489.99M | 463.31M | 429.21M | 407.93M | 383.78M |
| Debt / Equity | 1.64x | 0.46x | 1.69x | 1.63x | 1.60x | 1.75x | 1.68x | 1.64x | 1.70x | 1.64x | 1.64x | 1.64x | 1.74x | 1.73x | 1.76x | 1.72x | 1.68x | 1.65x | 1.62x | 1.58x |
| Debt / EBITDA | 17.88x | 5.11x | 26.99x | 17.12x | 18.51x | 18.33x | 27.83x | 22.13x | 98.44x | 21.73x | 29.89x | 32.52x | 26.27x | 27.21x | 39.70x | 54.12x | 50.66x | 40.16x | 305.14x | 72.79x |
| Net Debt / EBITDA | 12.02x | -0.87x | 17.96x | 10.29x | 10.76x | 11.52x | 17.40x | 13.37x | 60.82x | 13.52x | 19.88x | 23.05x | 19.77x | 19.78x | 23.90x | 36.81x | 32.59x | 24.36x | 181.14x | 40.71x |
| Interest Coverage | 42.22x | 32.81x | 0.20x | 6.71x | 42.96x | 46.03x | 10.33x | 26.27x | -29.08x | 26.72x | 6.38x | 4.15x | 21.01x | 19.69x | -0.87x | -10.50x | -7.04x | -0.89x | -42.88x | -18.57x |
| Total Equity | 594.81M | 571.55M | 554.59M | 553.75M | 535.24M | 519.06M | 497.5M | 493.63M | 479.06M | 486.37M | 472.29M | 469.37M | 442M | 431.36M | 419.9M | 419.75M | 428.25M | 427.64M | 425.26M | 435.6M |
| Equity Growth % | 11.13% | 10.11% | 11.47% | 12.18% | 11.73% | 6.72% | 5.34% | 5.17% | 8.38% | 12.75% | 12.48% | 11.82% | 3.21% | 0.87% | -1.26% | -3.64% | -3.39% | -3.58% | -3.34% | 0.25% |
| Book Value per Share | 14.19 | 13.65 | 13.77 | 13.23 | 12.78 | 12.40 | 11.88 | 11.79 | 11.97 | 11.73 | 11.45 | 10.68 | 10.05 | 9.83 | 10.68 | 10.69 | 10.90 | 10.90 | 10.86 | 11.13 |
| Total Shareholders' Equity | 563.99M | 544.32M | 525.91M | 525.33M | 509.01M | 494.1M | 473.32M | 470.02M | 456.1M | 462.4M | 446.39M | 443.42M | 416.35M | 406.27M | 395.42M | 395.12M | 403.5M | 402.76M | 400.42M | 409.54M |
| Common Stock | 42K | 42K | 42K | 42K | 42K | 42K | 42K | 42K | 42K | 42K | 43K | 42K | 42K | 42K | 42K | 42K | 42K | 42K | 42K | 42K |
| Retained Earnings | 104.58M | 88.1M | 72.42M | 72.71M | 60.88M | 48.38M | 31.23M | 26.98M | 18.27M | 28.48M | 18.82M | 16.78M | -7.5M | -15.12M | -22.07M | -20.54M | -9.82M | -7.8M | -6.61M | 3.55M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6K | -6K | -6K | -1K | -1K | -4K | -2K | -1K | -2K | -4K | -4K | -3K | -3K | -4K | -4K | 0 | -1K | -1K | 0 | 1K |
| Minority Interest | 30.83M | 27.23M | 28.68M | 28.42M | 26.22M | 24.97M | 24.19M | 23.61M | 22.95M | 23.96M | 25.91M | 25.95M | 25.64M | 25.09M | 24.49M | 24.63M | 24.76M | 24.87M | 24.84M | 26.06M |