Bassett Furniture Industries, Incorporated (BSET) Balance Sheet
BSET balance sheet, FY2025
November 30, 2025 · U.S. dollars$323.8M assets = $158.7M liabilities + $165.1M equity
Both columns are drawn to the same scale: what BSET owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BSET financial health
Descriptive bands, not a rating. Fiscal FY2025.
BSET balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $278.3MFY2016 | $323.8MFY2025 | +1.7%/yr | |
| Total liabilities | $97.6MFY2016 | $158.7MFY2025 | +5.6%/yr | |
| Shareholders’ equity | $180.7MFY2016 | $165.1MFY2025 | −1.0%/yr | |
| Cash & short-term investments | $58.3MFY2016 | $59.2MFY2025 | +0.2%/yr | |
| Total debt | $7.1MFY2016 | $88.7MFY2025 | +32.4%/yr | |
| Net cash (debt) | $51.2MFY2016 | −$29.4MFY2025 | −$80.6M | |
| Working capital | $63.6MFY2016 | $68.6MFY2025 | +$5.0M | |
| Book value per share | $16.67FY2016 | $18.96FY2025 | +1.4%/yr | |
| Current ratio | 1.83FY2016 | 1.89FY2025 | +0.07 | |
| Debt / equity | 0.04FY2016 | 0.54FY2025 | +0.50 | |
| Shares outstanding | 10.8MFY2016 | 8.7MFY2025 | −2.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BSET assets
BSET liabilities and equity
BSET debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BSET balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $59.2M | $59.9M | $70.2M | $79.3M | $52.1M | $63.5M | $37.1M | $56.1M | $77.1M | $58.3M |
| Cash & equivalents | $41.3M | $39.6M | $52.4M | $61.6M | $34.4M | $45.8M | $19.7M | $33.5M | $53.9M | $35.1M |
| Short-term investments | $18.0M | $20.4M | $17.8M | $17.7M | $17.7M | $17.7M | $17.4M | $22.6M | $23.1M | $23.1M |
| Receivables | $17.3M | $17.4M | $16.3M | $20.2M | $20.6M | $32.0M | $21.4M | $19.1M | $19.6M | $18.4M |
| Inventory | $61.8M | $55.0M | $63.0M | $85.5M | $78.0M | $54.9M | $66.3M | $64.2M | $54.5M | $53.2M |
| Other current assets | $7.2M | $9.2M | $8.5M | $11.5M | $29.6M | $10.3M | $12.0M | $9.2M | $8.2M | $10.7M |
| Total current assets | $145.5M | $141.5M | $158.0M | $196.5M | $180.3M | $160.7M | $136.8M | $148.5M | $159.4M | $140.6M |
| Property, plant & equipment (net) | $149.9M | $170.7M | $184.9M | $176.5M | $208.2M | $207.8M | $101.7M | $104.9M | $103.2M | $104.7M |
| Goodwill & intangible assets | $14.1M | $14.2M | $16.1M | $21.7M | $23.4M | $23.8M | $26.2M | $28.5M | $17.4M | $17.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.0M |
| Other non-current assets | $14.2M | $14.8M | $11.5M | $11.6M | $9.7M | $10.2M | $11.1M | $9.8M | $13.8M | $14.7M |
| Total assets | $323.8M | $341.2M | $370.4M | $406.3M | $421.7M | $402.5M | $275.8M | $291.6M | $293.7M | $278.3M |
| Liabilities | ||||||||||
| Accounts payable | $14.7M | $13.3M | $16.3M | $20.4M | $24.0M | $23.4M | $23.7M | $27.4M | $21.8M | $21.3M |
| Short-term debt | $19.3M | $18.1M | $18.8M | $18.8M | $27.7M | $27.1M | — | $292,000 | $3.4M | $3.3M |
| Deferred revenue | $25.0M | $25.7M | $22.8M | $36.0M | $51.5M | $39.8M | $25.3M | $27.2M | $27.1M | $25.2M |
| Total current liabilities | $77.0M | $73.4M | $77.9M | $100.8M | $134.2M | $118.4M | $72.3M | $81.8M | $83.4M | $77.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $329,000 | $3.8M |
| Lease obligations | $88.7M | $106.4M | $116.2M | $116.3M | $133.5M | $139.1M | — | — | — | — |
| Other long-term liabilities | $81.7M | $100.4M | $109.1M | $109.8M | $124.7M | $126.1M | $24.8M | $19.5M | $18.6M | $16.7M |
| Total liabilities | $158.7M | $173.8M | $187.0M | $210.7M | $258.9M | $244.5M | $97.1M | $101.3M | $102.3M | $97.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $43.3M | $43.7M | $43.8M | $44.8M | $48.8M | $49.7M | $50.6M | $52.6M | $53.7M | $53.6M |
| Retained earnings (deficit) | $121.1M | $122.8M | $139.4M | $150.8M | $115.6M | $109.7M | $129.1M | $140.0M | $139.4M | $129.4M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $723,000 | $793,000 | $152,000 | $50,000 | −$1.8M | −$1.4M | −$1.2M | −$2.3M | −$2.6M | −$2.6M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $165.1M | $167.3M | $183.4M | $195.6M | $162.7M | $158.0M | $178.7M | $190.3M | $191.5M | $180.7M |
| Key figures | ||||||||||
| Total debt | $88.7M | $106.4M | $116.2M | $116.3M | $133.5M | $139.1M | — | $292,000 | $3.7M | $7.1M |
| Net cash (debt) | −$29.4M | −$46.5M | −$46.0M | −$37.0M | −$81.4M | −$75.5M | — | $55.8M | $73.3M | $51.2M |
| Working capital | $68.6M | $68.1M | $80.1M | $95.7M | $46.1M | $42.3M | $64.5M | $66.7M | $76.0M | $63.6M |
| Tangible book value | $151.0M | $153.1M | $167.4M | $173.9M | $139.3M | $134.2M | $152.5M | $161.8M | $174.1M | $163.3M |
| Book value per share | $18.96 | $19.10 | $20.88 | $20.80 | $16.53 | $15.85 | $17.37 | $17.80 | $17.83 | $16.67 |
| Shares outstanding | 8.7M | 8.8M | 8.8M | 9.4M | 9.8M | 10.0M | 10.3M | 10.7M | 10.7M | 10.8M |
| Current ratio | 1.89 | 1.93 | 2.03 | 1.95 | 1.34 | 1.36 | 1.89 | 1.82 | 1.91 | 1.83 |
| Quick ratio | 0.99 | 1.05 | 1.11 | 0.99 | 0.54 | 0.81 | 0.81 | 0.92 | 1.16 | 0.99 |
| Debt / equity | 0.54 | 0.64 | 0.63 | 0.59 | 0.82 | 0.88 | — | 0.00 | 0.02 | 0.04 |
| Equity / assets | 51.0% | 49.0% | 49.5% | 48.1% | 38.6% | 39.3% | 64.8% | 65.3% | 65.2% | 64.9% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $53.4M | $53.9M | $51.0M | $59.2M | $54.6M | $59.8M | $56.4M | $59.9M | $56.2M | $60.5M | $58.4M | $70.2M |
| Cash & equivalents | $35.4M | $35.9M | $33.0M | $41.3M | $34.4M | $39.4M | $36.1M | $39.6M | $38.3M | $42.6M | $40.6M | $52.4M |
| Short-term investments | $18.0M | $18.0M | $18.0M | $18.0M | $20.2M | $20.4M | $20.4M | $20.4M | $17.8M | $17.8M | $17.8M | $17.8M |
| Receivables | $14.7M | $13.0M | $15.3M | $17.3M | $17.4M | $17.5M | $18.5M | $17.4M | $15.8M | $16.4M | $16.1M | $16.3M |
| Inventory | $59.3M | $64.6M | $65.7M | $61.8M | $61.5M | $59.4M | $58.1M | $55.0M | $56.1M | $56.9M | $63.0M | $63.0M |
| Other current assets | $7.9M | $6.9M | $8.1M | $7.2M | $7.5M | $7.5M | $9.9M | $9.2M | $9.4M | $9.4M | $12.0M | $8.5M |
| Total current assets | $135.3M | $138.4M | $140.0M | $145.5M | $141.0M | $144.2M | $142.8M | $141.5M | $137.5M | $143.1M | $149.5M | $158.0M |
| Property, plant & equipment (net) | $146.6M | $149.4M | $147.4M | $149.9M | $155.3M | $160.0M | $164.8M | $170.7M | $168.8M | $174.6M | $183.0M | $184.9M |
| Goodwill & intangible assets | $14.5M | $14.5M | $14.1M | $14.1M | $14.1M | $14.2M | $14.2M | $14.2M | $14.2M | $14.2M | $16.1M | $16.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.7M | $15.1M | $14.6M | $14.2M | $13.8M | $13.0M | $14.0M | $14.8M | $15.3M | $13.4M | $12.9M | $11.5M |
| Total assets | $312.1M | $317.5M | $316.2M | $323.8M | $324.2M | $331.3M | $335.8M | $341.2M | $335.9M | $345.3M | $361.4M | $370.4M |
| Liabilities | ||||||||||||
| Accounts payable | $12.5M | $12.1M | $14.8M | $14.7M | $14.4M | $14.5M | $14.7M | $13.3M | $14.2M | $12.2M | $14.6M | $16.3M |
| Short-term debt | $17.7M | $17.7M | $17.7M | $19.3M | $19.5M | $19.7M | $18.1M | $18.1M | $18.5M | $18.3M | $17.5M | $18.8M |
| Deferred revenue | $23.8M | $25.6M | $24.7M | $25.0M | $23.1M | $24.0M | $25.4M | $25.7M | $23.7M | $23.0M | $22.8M | $22.8M |
| Total current liabilities | $69.4M | $70.1M | $71.8M | $77.0M | $73.3M | $74.5M | $73.7M | $73.4M | $73.1M | $71.0M | $73.3M | $77.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $87.8M | $85.0M | $88.7M | $92.7M | $97.8M | $101.5M | $106.4M | $103.8M | $108.9M | $112.8M | $116.2M |
| Other long-term liabilities | $77.8M | $82.9M | $79.9M | $81.7M | $85.2M | $90.0M | $95.3M | $100.4M | $97.7M | $102.6M | $107.5M | $109.1M |
| Total liabilities | $147.2M | $153.0M | $151.7M | $158.7M | $158.5M | $164.6M | $169.0M | $173.8M | $170.8M | $173.6M | $180.8M | $187.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $43.2M | $43.2M | $43.2M | $43.3M | $43.4M | $43.4M | $43.5M | $43.7M | $43.7M | $43.8M | $43.9M | $43.8M |
| Retained earnings (deficit) | $121.0M | $120.6M | $120.5M | $121.1M | $121.6M | $122.6M | $122.6M | $122.8M | $121.4M | $127.8M | $136.6M | $139.4M |
| Accumulated other comprehensive income | $692,000 | $702,000 | $713,000 | $723,000 | $757,000 | $769,000 | $781,000 | $793,000 | −$25,000 | −$7,000 | −$8,000 | $152,000 |
| Total shareholders' equity | $164.9M | $164.5M | $164.4M | $165.1M | $165.7M | $166.8M | $166.8M | $167.3M | $165.0M | $171.7M | $180.6M | $183.4M |
| Key figures | ||||||||||||
| Total debt | $82.7M | $87.8M | $85.0M | $88.7M | $92.7M | $97.8M | $101.5M | $106.4M | $103.8M | $108.9M | $112.8M | $116.2M |
| Net cash (debt) | −$29.3M | −$33.9M | −$34.1M | −$29.4M | −$38.1M | −$38.0M | −$45.1M | −$46.5M | −$47.7M | −$48.5M | −$54.5M | −$46.0M |
| Working capital | $65.9M | $68.3M | $68.2M | $68.6M | $67.7M | $69.7M | $69.1M | $68.1M | $64.4M | $72.1M | $76.2M | $80.1M |
| Tangible book value | $150.4M | $149.9M | $150.3M | $151.0M | $151.6M | $152.6M | $152.6M | $153.1M | $150.8M | $157.4M | $164.6M | $167.4M |
| Book value per share | $18.94 | $18.89 | $18.89 | $18.96 | $19.03 | $19.16 | $19.16 | $19.10 | $18.83 | $19.59 | $20.67 | $20.92 |
| Shares outstanding | 8.7M | 8.7M | 8.7M | 8.7M | 8.7M | 8.7M | 8.7M | 8.8M | 8.8M | 8.8M | 8.7M | 8.8M |
| Current ratio | 1.95 | 1.97 | 1.95 | 1.89 | 1.92 | 1.93 | 1.94 | 1.93 | 1.88 | 2.02 | 2.04 | 2.03 |
| Quick ratio | 0.98 | 0.95 | 0.92 | 0.99 | 0.98 | 1.04 | 1.02 | 1.05 | 0.98 | 1.08 | 1.02 | 1.11 |
| Debt / equity | 0.50 | 0.53 | 0.52 | 0.54 | 0.56 | 0.59 | 0.61 | 0.64 | 0.63 | 0.63 | 0.62 | 0.63 |
| Equity / assets | 52.8% | 51.8% | 52.0% | 51.0% | 51.1% | 50.3% | 49.7% | 49.0% | 49.1% | 49.7% | 50.0% | 49.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 5, 2026); data from EODHD.
BSET financial position
At the end of fiscal 2025 (November 30, 2025), Bassett Furniture Industries had total assets of $323.8 million (down 5.1% from a year earlier), total liabilities of $158.7 million and shareholders' equity of $165.1 million. It held $59.2 million in cash and short-term investments against $88.7 million of debt, net debt of $29.4 million. Its current ratio was 1.89. In the latest quarter (ended August 31, 2026) total assets were $312.1 million and equity $164.9 million.
Related: BSET income statement, BSET cash flow statement, BSET key metrics. See the BSET stock overview for the latest quote and news.
BSET balance sheet FAQ
What are Bassett Furniture Industries's total assets?
Bassett Furniture Industries reported total assets of $323.8 million at the end of fiscal 2025 (November 30, 2025), compared with $341.2 million a year earlier.
How much debt does Bassett Furniture Industries have?
Bassett Furniture Industries had $88.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.54.
How much cash does Bassett Furniture Industries have?
Bassett Furniture Industries held $59.2 million in cash and short-term investments at the end of fiscal 2025; with $88.7 million of debt that is net debt of $29.4 million.
What is Bassett Furniture Industries's book value?
Bassett Furniture Industries's shareholders' equity (book value) was $165.1 million at the end of fiscal 2025, or $18.96 per share.
What is Bassett Furniture Industries's current ratio?
Bassett Furniture Industries had current assets of $145.5 million and current liabilities of $77.0 million, a current ratio of 1.89 (it can cover its short-term obligations).
How much goodwill does Bassett Furniture Industries have?
Bassett Furniture Industries carried $14.1 million of goodwill and intangible assets, 4.4% of total assets, at the end of fiscal 2025.