Meritage Hospitality Group
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Meritage Hospitality Group's balance sheet done over the years? Its assets were worth $816,905,000 last year, which is more than in the previous period. 85% of Meritage Hospitality Group’s total assets is currently financed by debt. Its liabilities reached the amount of $694,865,000, which means an increase by 3% compared compared to last year.
Debt to Assets
| 2014 | 85529708 | 72.49M | 84.76% |
|---|---|---|---|
| 2015 | 109522555 | 88.98M | 81.25% |
| 2016 | 137022624 | 110.89M | 80.93% |
| 2017 | 235291685 | 196.82M | 83.65% |
| 2018 | 310855432 | 253.46M | 81.54% |
| 2019 | 677537048 | 594.45M | 87.74% |
| 2020 | 689926000 | 591.50M | 85.73% |
| 2021 | 758631000 | 649.94M | 85.67% |
| 2022 | 791318000 | 674.12M | 85.19% |
| 2023 | 816905000 | 694.86M | 85.06% |
MHGU Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 19.43M | 35.37M | 49.95M | 32.31M | 16.94M | 13.31M | 12.91M | 9.83M | 6.58M | 5.20M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 2.41M | 368K | 1.60M | 1.73M | 1.21M | 1.56M | 935.12K | 739.02K | 428.19K | 237.88K |
Inventory | 5.18M | 4.75M | 4.40M | 3.61M | 3.51M | 3.28M | 2.63M | 1.54M | 1.40M | 1.26M |
Other current assets | 7.10M | 6.61M | 6.15M | 8.51M | 3.48M | 2.40M | 5.08M | 1.37M | 5.03M | 1.35M |
Total current assets | 34.13M | 47.11M | 62.12M | 46.18M | 25.16M | 20.56M | 19.03M | 13.49M | 10.93M | 8.06M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 551.75M | 540.50M | 506.59M | 455.89M | 467.19M | 112.66M | 111.63M | 64.50M | 49.07M | 39.27M |
Goodwill | 205.70M | 177.55M | 174.24M | 174.24M | 174.24M | 164.01M | 91.74M | 48.22M | 38.01M | 25.67M |
Intangible assets | 7.58M | 6.13M | 5.20M | 5.03M | 4.28M | 3.62M | 1.91M | 841.39K | 1.38M | 1.40M |
Long term investments | 0 | 1.78M | 1.78M | 1.78M | 1.78M | 5.47M | 5.75M | 5.50M | 5.26M | 4.78M |
Other non-current assets | 17.73M | 18.22M | 8.67M | 6.77M | 4.86M | 4.50M | 4.90M | 3.57M | 2.52M | 2.21M |
Total non-current assets | 782.76M | 744.20M | 696.50M | 643.74M | 652.37M | 290.28M | 216.25M | 123.52M | 98.58M | 77.46M |
Total assets | 816.90M | 791.31M | 758.63M | 689.92M | 677.53M | 310.85M | 235.29M | 137.02M | 109.52M | 85.52M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | -4.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 74.71M | 71.73M | 50.32M | 52.06M | 78.10M | 32.39M | 45.65M | 19.67M | 13.37M | 10.98M |
Total current liabilities | 118.44M | 126.00M | 101.40M | 94.68M | 117.63M | 64.36M | 76.95M | 39.50M | 32.91M | 24.57M |
| Non-current liabilities: | ||||||||||
Long term debt | 541.22M | 514.42M | 517.56M | 469.73M | 457.93M | 156.16M | 94.07M | 55.93M | 41.22M | 29.39M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 17.09M | 16.72M | 15.55M | 14.55M | 8.38M | 8.76M | 4.73M | 2.95M | 1.06M | 1.00M |
Total non-current liabilities | 576.42M | 548.12M | 548.54M | 496.82M | 476.82M | 189.10M | 119.87M | 71.39M | 56.07M | 47.92M |
Total liabilities | 694.86M | 674.12M | 649.94M | 591.50M | 594.45M | 253.46M | 196.82M | 110.89M | 88.98M | 72.49M |