The company maintains a disciplined capital structure with a debt-to-equity ratio of 0.27, though total assets have contracted to $2.1 billion as of 2026Q2.
| Total Current Assets | 439.34M | 453.68M | 440.28M | 371.65M | 351.6M | 298.67M | 260.26M | 357.61M | 185.74M | 133.91M | 1.29M |
| Cash & Short-Term Investments | 107.44M | 98.47M | 132.53M | 87.72M | 67.49M | 75.34M | 95.85M | 266.34M | 111.97M | 56.5M | 954.1K |
| Cash Only | 107.44M | 98.47M | 132.53M | 87.72M | 67.49M | 75.34M | 95.85M | 266.34M | 111.97M | 56.5M | 954.1K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 123.52M | 164.98M | 150.72M | 145.08M | 132.67M | 111.46M | 89.74M | 44.24M | 36.62M | 37.18M | 0 |
| Days Sales Outstanding | 36.74 | 41.5 | 41.32 | 42.61 | 41.43 | 40.45 | 40.11 | 30.83 | 30.98 | 34.26 | - |
| Inventory | 189.78M | 167.22M | 142.11M | 116.59M | 125.48M | 97.27M | 59.09M | 38.09M | 30M | 29.06M | 0 |
| Days Inventory Outstanding | 67.41 | 64.79 | 61.99 | 52.75 | 61.86 | 57.93 | 42.49 | 44.33 | 42.35 | 47.03 | - |
| Other Current Assets | 13.29M | 15.81M | 9.19M | 15.97M | 20.93M | 9.69M | 11.95M | 6.06M | 5.08M | 8.26M | 0 |
| Total Non-Current Assets | 1.69B | 1.94B | 2.04B | 1.75B | 1.77B | 1.78B | 1.77B | 795.14M | 810.87M | 788.58M | 402.79M |
| Property, Plant & Equipment | 42.69M | 39.74M | 59.93M | 64.88M | 64.62M | 62.78M | 37.55M | 2.46M | 2.56M | 2.1M | 0 |
| Fixed Asset Turnover | 29.63x | 36.51x | 22.22x | 19.15x | 18.09x | 16.02x | 21.75x | 213.26x | 168.20x | 188.20x | - |
| Goodwill | 589.97M | 589.97M | 591.69M | 543.13M | 543.13M | 543.13M | 544.77M | 471.43M | 471.43M | 465.03M | 0 |
| Intangible Assets | 1B | 1.26B | 1.34B | 1.11B | 1.12B | 1.14B | 1.16B | 306.14M | 312.64M | 319.96M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 402.79M |
| Other Non-Current Assets | 48.93M | 51.05M | 7.78M | 9.3M | 11.64M | 8.6M | 7.09M | 4.02M | 2.23M | 2.29M | 0 |
| Total Assets | 2.13B | 2.4B | 2.48B | 2.13B | 2.12B | 2.08B | 2.03B | 1.15B | 996.61M | 922.49M | 404.09M |
| Asset Turnover | 0.60x | 0.61x | 0.54x | 0.58x | 0.55x | 0.48x | 0.40x | 0.45x | 0.43x | 0.43x | 1.06x |
| Asset Growth % | -4.1% | -3.54% | 16.9% | 0.11% | 2.04% | 2.52% | 76.02% | 15.67% | 8.03% | 128.29% | - |
| Total Current Liabilities | 86.88M | 124.56M | 108.61M | 89.86M | 102.25M | 113.66M | 71.48M | 48.03M | 30.58M | 33.24M | 312.83K |
| Accounts Payable | 66.52M | 78.3M | 58.56M | 52.71M | 62.15M | 59.71M | 32.24M | 15.73M | 11.16M | 14.86M | 0 |
| Days Payables Outstanding | 28.14 | 30.34 | 25.55 | 23.85 | 30.64 | 35.56 | 23.18 | 18.31 | 15.75 | 24.05 | - |
| Short-Term Debt | 0 | 5.87M | 5.49M | 7.71M | 6.51M | 4.07M | 4.6M | 676K | 648K | 2.78M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 21.35M | 24.57M | 17.19M | 18.61M | 22.3M | 19.36M | 19.5M | 10.66M | 15.6M | 312.83K |
| Current Ratio | 5.06x | 3.64x | 4.05x | 4.14x | 3.44x | 2.63x | 3.64x | 7.45x | 6.07x | 4.03x | 4.13x |
| Quick Ratio | 2.87x | 2.30x | 2.75x | 2.84x | 2.21x | 1.77x | 2.81x | 6.65x | 5.09x | 3.15x | 4.13x |
| Cash Conversion Cycle | 76.01 | 75.95 | 77.77 | 71.52 | 72.65 | 62.82 | 59.41 | 56.85 | 57.58 | 57.24 | - |
| Total Non-Current Liabilities | 549M | 464.65M | 647.97M | 464.06M | 581.85M | 777.81M | 818.29M | 391.84M | 293.42M | 290.54M | 14.09M |
| Long-Term Debt | 396.87M | 249.07M | 397.49M | 281.65M | 402.88M | 450.86M | 596.23M | 190.26M | 190.94M | 214.98M | 0 |
| Capital Lease Obligations | 148.44M | 49.49M | 34.33M | 38.35M | 44.78M | 45.3M | 23.41M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 619.04M | 166.09M | 213.94M | 144.06M | 134.19M | 121.82M | 105.01M | 76.48M | 76.47M | 75.56M | 0 |
| Other Non-Current Liabilities | 45.51M | 0 | 2.22M | 0 | 0 | 159.84M | 93.64M | 125.11M | 26.01M | 0 | 14.09M |
| Total Liabilities | 635.88M | 589.21M | 756.58M | 553.92M | 684.09M | 891.48M | 889.77M | 439.88M | 324M | 323.79M | 14.4M |
| Total Debt | 396.87M | 304.43M | 437.31M | 327.7M | 454.17M | 500.23M | 624.24M | 190.94M | 191.58M | 217.76M | 0 |
| Net Debt | 289.42M | 205.96M | 304.78M | 239.99M | 386.68M | 424.89M | 528.4M | -75.41M | 79.61M | 161.26M | -954.1K |
| Debt / Equity | 0.27x | 0.17x | 0.25x | 0.21x | 0.32x | 0.42x | 0.55x | 0.27x | 0.28x | 0.36x | - |
| Debt / EBITDA | 1.83x | 1.26x | 1.76x | 1.41x | 1.98x | 2.45x | 4.67x | 2.17x | 2.67x | 3.58x | - |
| Net Debt / EBITDA | 1.34x | 0.85x | 1.22x | 1.03x | 1.69x | 2.08x | 3.95x | -0.86x | 1.11x | 2.65x | - |
| Interest Coverage | -7.01x | 6.85x | 8.15x | 6.84x | 7.88x | 3.56x | 3.41x | 0.37x | 5.23x | - | - |
| Total Equity | 1.49B | 1.81B | 1.73B | 1.57B | 1.44B | 1.19B | 1.14B | 712.87M | 672.6M | 598.7M | 389.68M |
| Equity Growth % | -7.12% | 4.59% | 9.95% | 9.21% | 21.02% | 4.34% | 59.82% | 5.99% | 12.34% | 53.64% | - |
| Book Value per Share | 16.13 | 17.80 | 17.06 | 15.57 | 14.30 | 12.21 | 11.59 | 8.36 | 9.13 | 8.48 | 34.79 |
| Total Shareholders' Equity | 1.49B | 1.81B | 1.73B | 1.57B | 1.44B | 1.19B | 1.14B | 712.87M | 672.6M | 598.7M | 389.68M |
| Common Stock | 1.04M | 1.04M | 1.02M | 1.02M | 1.01M | 959K | 958K | 820K | 706K | 706K | 1.18K |
| Retained Earnings | 456.45M | 590.88M | 487.26M | 347.96M | 214.38M | 105.81M | 64.93M | -711K | 58.29M | -12.16M | -192.5K |
| Treasury Stock | -319.4M | -129.34M | -78.45M | -78.45M | -62M | -2.15M | -2.15M | -2.15M | 0 | 0 | 0 |
| Accumulated OCI | -1.59M | -2.43M | -2.04M | -2.59M | -1.95M | -818K | -879K | -836K | -798K | 19K | -49.19M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Atkins brand relevance decay
As reported in recent financial filings, total assets have declined from $2.5 billion in 2026Q1 to $2.1 billion in 2026Q2, reflecting a significant reduction in the company's resource base that warrants careful monitoring as management navigates the ongoing structural decline of the legacy Atkins brand portfolio.
The reduction in total assets appears to be driven by a combination of cash usage and potential adjustments to the carrying value of the business. This contraction suggests that the company is currently in a defensive posture, prioritizing balance sheet preservation over aggressive expansion as it attempts to stabilize its core brand pillars.
Based on the company's reported figures, the debt-to-equity ratio remains modest at 0.27 as of 2026Q2, indicating that management has maintained a disciplined approach to leverage despite the recent operational headwinds and the significant net losses observed in the most recent quarterly reporting period.
The company's ability to keep leverage low provides a necessary buffer against the volatility inherent in its co-manufacturing model. Investors should monitor whether this conservative stance persists if management decides to pursue further acquisitions to offset the volume pressures currently impacting the legacy Atkins product line.
According to quarterly balance sheet data, the current ratio stands at 5.06 as of 2026Q2, which suggests that the company maintains a substantial liquidity cushion to meet its short-term obligations despite the recent decline in cash reserves from $194.1 million in 2026Q1 to $107.4 million.
While the current ratio appears robust, the rapid depletion of cash reserves over a single quarter warrants further investigation into the company's working capital management. This liquidity position provides a temporary safety net, but the trend of declining cash balances may indicate rising pressure on operational cash flow generation.
As indicated by the company's financial statements, total equity has decreased from $1.7 billion in 2026Q1 to $1.5 billion in 2026Q2, a trend largely driven by the impact of recent net losses on the company's retained earnings and ongoing capital allocation decisions regarding share repurchases.
The decline in retained earnings suggests that the company's profitability is not currently sufficient to support its historical capital return strategy without impacting the equity base. This development may indicate that management's focus on share buybacks is becoming increasingly difficult to sustain given the current earnings trajectory.
Based on reported figures, goodwill remains a significant component of the balance sheet at $590 million, representing a substantial portion of total assets that may be vulnerable to impairment if the Quest brand's growth fails to offset the ongoing volume decay within the legacy Atkins portfolio.
The reliance on intangible assets for a large share of the balance sheet implies that the company's valuation is highly sensitive to the long-term performance of its core brands. Any further deterioration in brand relevance could necessitate non-cash write-downs, which would negatively impact the company's reported equity and overall financial health.
Quick answers to the most common questions about buying SMPL stock.
As of 2025, The Simply Good Foods Company (SMPL) had total assets of $2.40B including $453.7M in current assets.
The Simply Good Foods Company (SMPL) carries total debt of $304.4M, offset by $98.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Simply Good Foods Company (SMPL) has total shareholders' equity (book value) of $1.81B ($17.80 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Simply Good Foods Company (SMPL) reported a current ratio of 3.64x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.