The Simply Good Foods Company (SMPL) Balance Sheet

10Y historyFree accessUpdated daily

The balance sheet is fundamentally healthy but carries a significant goodwill risk, with a 0.28 debt-to-equity ratio and $552.0M in goodwill representing 39% of the $1.4B total equity.

Annual statement

SMPL Balance Sheet

The Simply Good Foods Company (SMPL) balance sheet — 10-year assets, liabilities & shareholders' equity history

Annual Quarterly

Metric	TTM	Aug'25	Aug'24	Aug'23	Aug'22	Aug'21	Aug'20	Aug'19	Aug'18	Aug'17	Dec'16

Total Current Assets	464.14M	453.68M	440.28M	371.65M	351.6M	298.67M	260.26M	357.61M	185.74M	133.91M	1.29M
Cash & Short-Term Investments	123.88M	98.47M	132.53M	87.72M	67.49M	75.34M	95.85M	266.34M	111.97M	56.5M	954.1K
Cash Only	123.88M	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	156.07M	164.98M	150.72M	145.08M	132.67M	111.46M	89.74M	44.24M	36.62M	37.18M	0
Days Sales Outstanding	37.6	41.5	41.32	42.61	41.43	40.45	40.11	30.83	30.98	34.26	-
Inventory	164.31M	167.22M	142.11M	116.59M	125.48M	97.27M	59.09M	38.09M	30M	29.06M	0
Days Inventory Outstanding	67.81	64.79	61.99	52.75	61.86	57.93	42.49	44.33	42.35	47.03	-
Other Current Assets	15.44M	15.81M	9.19M	15.97M	20.93M	9.69M	11.95M	6.06M	5.08M	8.26M	0
Total Non-Current Assets	1.6B	1.94B	2.04B	1.75B	1.77B	1.78B	1.77B	795.14M	810.87M	788.58M	402.79M
Property, Plant & Equipment	42.33M	39.74M	59.93M	64.88M	64.62M	62.78M	37.55M	2.46M	2.56M	2.1M	0
Fixed Asset Turnover	34.04x	36.51x	22.22x	19.15x	18.09x	16.02x	21.75x	213.26x	168.20x	188.20x	-
Goodwill	551.97M	589.97M	591.69M	543.13M	543.13M	543.13M	544.77M	471.43M	471.43M	465.03M	0
Intangible Assets	956.88M	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	47.12M	51.05M	7.78M	9.3M	11.64M	8.6M	7.09M	4.02M	2.23M	2.29M	0
Total Assets	2.06B	2.4B	2.48B	2.13B	2.12B	2.08B	2.03B	1.15B	996.61M	922.49M	404.09M
Asset Turnover	0.62x	0.61x	0.54x	0.58x	0.55x	0.48x	0.40x	0.45x	0.43x	0.43x	1.06x
Asset Growth %	-30.44%	-3.54%	16.9%	0.11%	2.04%	2.52%	76.02%	15.67%	8.03%	128.29%	-
Total Current Liabilities	96.78M	124.56M	108.61M	89.86M	102.25M	113.66M	71.48M	48.03M	30.58M	33.24M	312.83K
Accounts Payable	57.02M	78.3M	58.56M	52.71M	62.15M	59.71M	32.24M	15.73M	11.16M	14.86M	0
Days Payables Outstanding	26.77	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	-39.63M	21.35M	24.57M	17.19M	18.61M	22.3M	19.36M	19.5M	10.66M	15.6M	312.83K
Current Ratio	4.80x	3.64x	4.05x	4.14x	3.44x	2.63x	3.64x	7.45x	6.07x	4.03x	4.13x
Quick Ratio	3.10x	2.30x	2.75x	2.84x	2.21x	1.77x	2.81x	6.65x	5.09x	3.15x	4.13x
Cash Conversion Cycle	78.64	75.95	77.77	71.52	72.65	62.82	59.41	56.85	57.58	57.24	-
Total Non-Current Liabilities	547.55M	464.65M	647.97M	464.06M	581.85M	777.81M	818.29M	391.84M	293.42M	290.54M	14.09M
Long-Term Debt	397.04M	249.07M	397.49M	281.65M	402.88M	450.86M	596.23M	190.26M	190.94M	214.98M	0
Capital Lease Obligations	97.01M	49.49M	34.33M	38.35M	44.78M	45.3M	23.41M	0	0	0	0
Deferred Tax Liabilities	549.4M	166.09M	213.94M	144.06M	134.19M	121.82M	105.01M	76.48M	76.47M	75.56M	0
Other Non-Current Liabilities	43.45M	0	2.22M	0	0	159.84M	93.64M	125.11M	26.01M	0	14.09M
Total Liabilities	644.32M	589.21M	756.58M	553.92M	684.09M	891.48M	889.77M	439.88M	324M	323.79M	14.4M
Total Debt	397.04M	304.43M	437.31M	327.7M	454.17M	500.23M	624.24M	190.94M	191.58M	217.76M	0
Net Debt	273.15M	205.96M	304.78M	239.99M	386.68M	424.89M	528.4M	-75.41M	79.61M	161.26M	-954.1K
Debt / Equity	0.28x	0.17x	0.25x	0.21x	0.32x	0.42x	0.55x	0.27x	0.28x	0.36x	-
Debt / EBITDA	3.93x	1.26x	1.76x	1.41x	1.98x	2.45x	4.67x	2.17x	2.67x	3.58x	-
Net Debt / EBITDA	2.71x	0.85x	1.22x	1.03x	1.69x	2.08x	3.95x	-0.86x	1.11x	2.65x	-
Interest Coverage	-11.88x	6.85x	8.15x	6.84x	7.88x	3.56x	3.41x	0.37x	5.23x	-	-
Total Equity	1.42B	1.81B	1.73B	1.57B	1.44B	1.19B	1.14B	712.87M	672.6M	598.7M	389.68M
Equity Growth %	-38.8%	4.59%	9.95%	9.21%	21.02%	4.34%	59.82%	5.99%	12.34%	53.64%	-
Book Value per Share	15.77	17.80	17.06	15.57	14.30	12.21	11.59	8.36	9.13	8.48	34.79
Total Shareholders' Equity	1.42B	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	404.48M	590.88M	487.26M	347.96M	214.38M	105.81M	64.93M	-711K	58.29M	-12.16M	-192.5K
Treasury Stock	-344.67M	-129.34M	-78.45M	-78.45M	-62M	-2.15M	-2.15M	-2.15M	0	0	0
Accumulated OCI	-1.49M	-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

Key Metrics

Growth RegimeDecelerating

ProfitabilityStrained

Balance SheetHealthy

Cash FlowMixed

Top Statement Risk

Goodwill impairment risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Solid Foundation Amid Shifting Capital Allocation

Based on financial statements, SMPL's equity has declined 22% from its 2025Q1 peak of $1.8B to $1.4B in 2026Q3, while total assets have contracted, suggesting a deliberate capital return or impairment cycle is offsetting historical retained earnings growth.

The balance sheet trajectory is mixed, with a clear contraction in both equity and assets since early 2025. The primary driver appears to be a significant reduction in retained earnings, which fell from $616.1M in 2026Q1 to $404.5M in 2026Q3, likely reflecting the large net losses reported in the income statement. However, this erosion in book value is partially counterbalanced by a concurrent reduction in debt, indicating management may be using available liquidity to deleverage even as operational losses mount.

Strategic Deleveraging Enhances Financial Flexibility

According to recent SEC filings, SMPL has reduced its total debt by approximately 12% from $451.1M in 2026Q1 to $397.0M in 2026Q3, bringing the debt-to-equity ratio to a modest 0.28, which appears to be a strategic choice to strengthen the balance sheet during a period of operational headwinds.

The company's leverage profile is conservative and has improved materially over the last two quarters. The D/E ratio of 0.28 is well below the 2026Q1 level of 0.26 and significantly lower than the peer average excluding HAIN. This deleveraging trend suggests management is prioritizing financial stability over potential growth financing, which may limit balance sheet-driven risks but could also signal a more cautious outlook on future organic investment needs.

Heavy Goodwill Weight on an Asset-Light Model

As reported in financial statements, goodwill comprises 26% of total assets at $552.0M, a figure that has decreased slightly from $590.0M, yet remains the dominant asset class and warrants monitoring for impairment risk given the decelerating revenue trend.

The asset mix reveals a company whose tangible asset base is relatively small, with PPE at just $42.3M, indicating a fundamentally asset-light manufacturing or branded model. However, the balance sheet is heavily weighted by goodwill, a legacy of past acquisitions. The recent reduction in goodwill may hint at an initial impairment or purchase price adjustment, and its persistence at such a high level relative to total assets creates a significant overhang; any further operational deterioration could trigger more substantial non-cash write-downs.

Ample Liquidity Provides Operational Runway

SMPL's current ratio of 4.80 in 2026Q3, supported by a cash position of $123.9M, provides a substantial buffer against near-term operational shocks, even as the ratio has compressed from a high of 5.19 in 2024Q3.

The company maintains a very strong liquidity position, with a current ratio significantly above 1.0 and peers like NOMD and HAIN. While the ratio has declined from its peak, it remains ample. The cash balance of $123.9M, though down from $194.1M in 2026Q1, is more than sufficient to cover near-term liabilities. This liquidity profile appears to be a deliberate strategic reserve, providing the company with time and flexibility to navigate its current profitability challenges without immediate financial pressure.

The Goodwill Overhang and Erosion of Book Value

The most non-obvious risk is that over 39% of SMPL's total equity is composed of goodwill, meaning the headline equity value of $1.4B may be significantly overstated on a tangible basis, and further earnings deterioration could accelerate impairments that wipe out shareholder value.

While the headline leverage metrics are strong, the quality of the equity base is questionable. With retained earnings falling rapidly and goodwill making up the majority of non-current assets, the tangible book value is minimal. This distortion makes traditional ratios potentially misleading. The risk is that the asset value supporting the company's borrowing capacity and market valuation is largely intangible and contingent on future brand performance, which is precisely what is currently under pressure from revenue declines and margin compression.

SMPL — Frequently Asked Questions

Quick answers to the most common questions about buying SMPL stock.

What are the total assets of The Simply Good Foods Company (SMPL)?

As of 2025, The Simply Good Foods Company (SMPL) had total assets of $2.40B including $453.7M in current assets.

How much debt does The Simply Good Foods Company (SMPL) have?

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.

What is the book value or shareholders' equity of The Simply Good Foods Company?

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.

What is The Simply Good Foods Company's current ratio and liquidity?

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.