The company's equity position has eroded into a $78.6M deficit, while a current ratio of 0.60 highlights significant pressure on short-term liquidity.
| Total Current Assets | 34.28M | 28.8M | 28.09M | 16.6M |
| Cash & Short-Term Investments | 6.06M | 9.37M | 4.49M | 2.97M |
| Cash Only | 6.06M | 9.37M | 4.49M | 2.97M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.14M | 3.13M | 2.28M | 913K |
| Days Sales Outstanding | 2.41 | 3.23 | 3.6 | 2.01 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 26.07M | 16.3M | 21.33M | 12.71M |
| Total Non-Current Assets | 500.81M | 513.73M | 400.84M | 237.77M |
| Property, Plant & Equipment | 213.91M | 218.63M | 244.16M | 101.11M |
| Fixed Asset Turnover | 1.55x | 1.62x | 0.95x | 1.64x |
| Goodwill | 117.19M | 117.2M | 117.16M | 105.12M |
| Intangible Assets | 165.3M | 166.8M | 33.1M | 26.1M |
| Long-Term Investments | 20.11M | 7.79M | 0 | 0 |
| Other Non-Current Assets | 1.46M | 3.31M | 6.42M | 5.44M |
| Total Assets | 535.07M | 542.45M | 565.58M | 391.14M |
| Asset Turnover | 0.63x | 0.65x | 0.41x | 0.42x |
| Asset Growth % | -13.04% | -4.09% | 44.6% | - |
| Total Current Liabilities | 57.28M | 55.23M | 70.73M | 32.91M |
| Accounts Payable | 10.22M | 9.8M | 9.49M | 5.74M |
| Days Payables Outstanding | 12.84 | 13.87 | 20.57 | 19.34 |
| Short-Term Debt | 10.21M | 10.69M | 9.86M | 1.86M |
| Deferred Revenue (Current) | 13.38M | 3.95M | 1.12M | 866K |
| Other Current Liabilities | 9K | 35K | 0 | 0 |
| Current Ratio | 0.60x | 0.52x | 0.40x | 0.50x |
| Quick Ratio | 0.60x | 0.52x | 0.40x | 0.50x |
| Cash Conversion Cycle | -10.44 | - | - | - |
| Total Non-Current Liabilities | 556.42M | 571.83M | 510.37M | 298.06M |
| Long-Term Debt | 401.05M | 405.01M | 334.02M | 241.65M |
| Capital Lease Obligations | 587.52M | 146.7M | 149.49M | 45.85M |
| Deferred Tax Liabilities | 6.62M | 2.74M | 0 | 0 |
| Other Non-Current Liabilities | 2.67M | 12.57M | 22.49M | 6.19M |
| Total Liabilities | 613.71M | 627.05M | 581.09M | 330.97M |
| Total Debt | 565.85M | 569.85M | 514.96M | 295.69M |
| Net Debt | 559.78M | 560.48M | 510.46M | 292.72M |
| Debt / Equity | -7.20x | - | - | 4.91x |
| Debt / EBITDA | -476.30x | 37.53x | 20.34x | 14.69x |
| Net Debt / EBITDA | -471.20x | 36.91x | 20.16x | 14.54x |
| Interest Coverage | -0.55x | -0.18x | 0.44x | 0.48x |
| Total Equity | -78.64M | -84.61M | -15.51M | 60.18M |
| Equity Growth % | -490.53% | -445.48% | -125.78% | - |
| Book Value per Share | -1.37 | -1.69 | -0.31 | 1.20 |
| Total Shareholders' Equity | -78.64M | -84.61M | -15.51M | 60.18M |
| Common Stock | 44.01M | 0 | 0 | 0 |
| Retained Earnings | -122.64M | -84.61M | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Insolvency and Liquidity Risk
As reported in recent financial filings, TWNP's equity position has deteriorated into a deep deficit of $78.6M by 2025Q2, reflecting a consistent trend of negative retained earnings that suggests the company is currently consuming its capital base to fund ongoing operational losses and corporate reorganization efforts.
The shift from a negative $15.5M equity position in 2023Q4 to a $78.6M deficit in 2025Q2 indicates that the company's business model is failing to generate the internal capital necessary to offset its losses. Investors should monitor this trajectory, as the continued expansion of the deficit suggests that the current corporate structure is not yet self-sustaining.
Based on the company's 2025Q2 balance sheet, total debt stands at $565.8M, which significantly outweighs the company's total assets of $535.1M, indicating a highly leveraged capital structure that leaves little room for error in a volatile consumer discretionary environment.
The reliance on debt to fund operations and acquisitions appears to be a primary driver of the company's financial instability. Given the negative net margins, the interest burden associated with this debt load likely creates a cycle of dependency on external financing that may prove difficult to break.
According to the most recent quarterly data, TWNP maintains a current ratio of 0.60, which, when paired with a cash balance of only $6.1M, suggests a precarious liquidity position that may necessitate immediate capital raising to cover short-term obligations and maintain ongoing restaurant operations.
A current ratio consistently below 1.0 indicates that the company's short-term liabilities are outpacing its liquid assets. This lack of a liquidity buffer leaves the firm vulnerable to even minor operational disruptions or unexpected spikes in commodity costs, warranting significant caution from potential investors.
As disclosed in the 2025Q2 financial statements, goodwill accounts for $117.2M of the company's $535.1M in total assets, representing a significant portion of the balance sheet that may be subject to impairment if the acquired brands fail to meet performance expectations.
The concentration of intangible assets suggests that the company's valuation is heavily reliant on the perceived future success of its recent acquisitions. If the integration of these assets does not yield the anticipated synergies, the company may face non-cash write-downs that would further erode its already negative equity position.
Quick answers to the most common questions about buying TWNP stock.
As of 2024, Twin Hospitality Group (TWNP) had total assets of $542.4M including $28.8M in current assets.
Twin Hospitality Group (TWNP) carries total debt of $569.8M, offset by $9.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Twin Hospitality Group (TWNP) has total shareholders' equity (book value) of $-84.6M ($-1.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Twin Hospitality Group (TWNP) reported a current ratio of 0.52x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.