The company's financial stability appears strained, with a debt-to-equity ratio of 3.43 and a compressed current ratio of 0.60 as of 2026Q1, indicating limited liquidity buffers.
| Total Current Assets | 9.7B | 9.74B | 8.55B | 4.39B | 3.6B | 2.86B |
| Cash & Short-Term Investments | 225.7M | 4.15B | 4.47B | 1.22B | 984.63M | 1B |
| Cash Only | 74.47M | 1.43B | 1.41B | 1.2B | 984.63M | 1B |
| Short-Term Investments | 151.24M | 2.72B | 3.06B | 25.23M | 8.77M | 380.28M |
| Accounts Receivable | 1.38B | 1.3B | 938.98M | 11.02M | 19.89M | 429.31M |
| Days Sales Outstanding | 4.62 | 6.47 | 5.97 | 0.09 | 0.23 | 6.71 |
| Inventory | 228.38M | 4.22B | 3.04B | 2.36B | 1.93B | 1.4B |
| Days Inventory Outstanding | 14.35 | 25.09 | 23.07 | 23.23 | 25.55 | 25.21 |
| Other Current Assets | 7.86B | 0 | 36.88M | 804.18M | 663.08M | 0 |
| Total Non-Current Assets | 22.57B | 20.83B | 14.22B | 10.57B | 8.2B | 5.19B |
| Property, Plant & Equipment | 1.18B | 19.69B | 13.48B | 10.13B | 7.86B | 4.95B |
| Fixed Asset Turnover | 7.41x | 3.72x | 4.26x | 4.35x | 4.04x | 4.72x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.86M | 27.86M | 6.79M | 6.77M | 8.24M | 7.83M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 21.34B | 443.42M | 247.59M | 436.98M | 27.74M | 17.11M |
| Total Assets | 32.27B | 30.58B | 22.78B | 14.96B | 11.79B | 8.05B |
| Asset Turnover | 2.90x | 2.40x | 2.52x | 2.95x | 2.69x | 2.90x |
| Asset Growth % | 126.78% | 34.24% | 52.21% | 26.87% | 46.53% | - |
| Total Current Liabilities | 16.07B | 15.63B | 11.19B | 8.95B | 6.8B | 4.98B |
| Accounts Payable | 12.67B | 11.98B | 9.18B | 7.45B | 5.66B | 4.16B |
| Days Payables Outstanding | 58.7 | 71.19 | 69.7 | 73.41 | 74.91 | 74.81 |
| Short-Term Debt | 1.5B | 2.11B | 926.76M | 744.14M | 491.24M | 271.08M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 118.9M | 5.26M | 0 | 221.24M | 117.14M | 94M |
| Current Ratio | 0.60x | 0.62x | 0.76x | 0.49x | 0.53x | 0.57x |
| Quick Ratio | 0.59x | 0.35x | 0.49x | 0.23x | 0.25x | 0.29x |
| Cash Conversion Cycle | -39.73 | -39.63 | -40.66 | -50.08 | -49.13 | -42.89 |
| Total Non-Current Liabilities | 11.81B | 10.82B | 7.55B | 10.65B | 9.7B | 7.52B |
| Long-Term Debt | 205.85M | 142.14M | 106.69M | 4.92B | 4.82B | 4.43B |
| Capital Lease Obligations | 39.83B | 10.63B | 7.42B | 5.71B | 4.83B | 3.04B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 65.82M | 44.56M | 32.56M | 22.23M | 58.84M | 41.58M |
| Total Liabilities | 27.98B | 26.44B | 18.74B | 19.6B | 16.51B | 12.5B |
| Total Debt | 14.59B | 14B | 9.2B | 11.91B | 10.55B | 8.13B |
| Net Debt | 14.52B | 12.57B | 7.79B | 10.71B | 9.57B | 7.13B |
| Debt / Equity | 3.43x | 3.39x | 2.28x | - | - | - |
| Debt / EBITDA | 11.62x | 11.26x | 3.23x | 6.32x | 8.35x | 8.74x |
| Net Debt / EBITDA | 11.56x | 10.11x | 2.74x | 5.69x | 7.57x | 7.67x |
| Interest Coverage | -0.72x | -0.59x | 1.57x | 0.93x | 0.69x | 0.28x |
| Total Equity | 4.25B | 4.13B | 4.03B | -4.63B | -4.71B | -4.45B |
| Equity Growth % | 29.72% | 2.41% | 187.05% | 1.66% | -5.87% | - |
| Book Value per Share | 36.25 | 35.92 | 28.94 | -55.08 | -56.01 | -52.90 |
| Total Shareholders' Equity | 4.25B | 4.13B | 4.03B | -4.63B | -4.71B | -4.45B |
| Common Stock | 9.84B | 9.34B | 8.28B | 471.28M | 471.28M | 471.28M |
| Retained Earnings | -8.94B | -8.48B | -5.62B | -5.96B | -5.65B | -5.09B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.35B | 3.27B | 66.12M | 50.29M | 467.13M | 163.35M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Aggressive leverage and liquidity
According to recent financial statements, TBBB's total liabilities have surged to $28.0B as of 2026Q1, reflecting a rapid expansion trajectory that has consistently outpaced equity growth and placed significant strain on the company's overall balance sheet stability during this aggressive store rollout phase.
The persistent increase in total liabilities relative to equity suggests that the company is funding its physical footprint expansion primarily through debt rather than internally generated cash. Investors should monitor whether this trajectory leads to a permanent impairment of capital quality or if the scale benefits will eventually materialize to stabilize the balance sheet.
Based on reported figures, TBBB's debt-to-equity ratio has climbed to 3.43 in 2026Q1, indicating that the company is increasingly reliant on external financing to sustain its operational growth and store density strategy in the competitive Mexican retail landscape.
This elevated leverage profile suggests a heightened sensitivity to interest rate fluctuations and refinancing risks, particularly given the company's negative net margins. The reliance on debt to fund expansion warrants further investigation into the sustainability of these financing arrangements if market conditions tighten.
As reported in quarterly filings, TBBB's current ratio has compressed to 0.60 in 2026Q1, signaling that the company maintains a limited liquidity buffer relative to its short-term obligations, which may restrict its operational agility during periods of unexpected market volatility.
A current ratio consistently below 1.0 suggests that the company relies heavily on the rapid turnover of its inventory to meet immediate cash requirements. This liquidity profile appears vulnerable, as any disruption in the supply chain or a slowdown in store traffic could exacerbate existing cash flow pressures.
Financial data indicates that TBBB's retained earnings have deteriorated to -$8.9B as of 2026Q1, reflecting the ongoing impact of aggressive expansion costs and operational losses that continue to erode the company's core equity base over time.
The persistent negative balance in retained earnings suggests that the company has yet to achieve a self-sustaining profitability model. This trend implies that future growth may require further capital injections or equity dilution, which could negatively impact existing shareholders if operational efficiency does not improve.
Analysis of the balance sheet reveals that TBBB's asset base is heavily concentrated in PPE, which reached $1.2B in 2026Q1, potentially masking the underlying risks associated with the long-term maintenance and potential obsolescence of its rapidly expanding physical store network.
While the asset-heavy model is central to the company's proximity strategy, the high concentration of capital in fixed assets may limit the company's ability to pivot if consumer preferences shift. Investors should be cautious of the potential for future impairment charges if the expected returns on these store locations fail to meet internal projections.
Quick answers to the most common questions about buying TBBB stock.
As of 2025, BBB Foods Inc. (TBBB) had total assets of $30.58B including $9.74B in current assets.
BBB Foods Inc. (TBBB) carries total debt of $14.00B, offset by $4.15B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BBB Foods Inc. (TBBB) has total shareholders' equity (book value) of $4.13B ($35.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BBB Foods Inc. (TBBB) reported a current ratio of 0.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.