Good Times Restaurants Inc. (GTIM) Balance Sheet
GTIM balance sheet, FY2025
September 30, 2025 · U.S. dollars$83.8M assets = $50.0M liabilities + $33.8M equity
Both columns are drawn to the same scale: what GTIM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GTIM financial health
Descriptive bands, not a rating. Fiscal FY2025.
GTIM balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $46.9MFY2016 | $83.8MFY2025 | +6.7%/yr | |
| Total liabilities | $9.1MFY2016 | $50.0MFY2025 | +20.9%/yr | |
| Shareholders’ equity | $36.1MFY2016 | $33.1MFY2025 | −1.0%/yr | |
| Cash & short-term investments | $6.3MFY2016 | $2.6MFY2025 | −9.4%/yr | |
| Total debt | $38,000FY2016 | $41.8MFY2025 | +117.8%/yr | |
| Net cash (debt) | $6.3MFY2016 | −$39.2MFY2025 | −$45.5M | |
| Working capital | $2.7MFY2016 | −$9.1MFY2025 | −$11.8M | |
| Book value per share | $2.94FY2016 | $3.09FY2025 | +0.5%/yr | |
| Current ratio | 1.52FY2016 | 0.37FY2025 | −1.16 | |
| Debt / equity | 0.00FY2016 | 1.27FY2025 | +1.26 | |
| Shares outstanding | 12.3MFY2016 | 10.7MFY2025 | −1.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GTIM assets
GTIM liabilities and equity
GTIM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GTIM balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.6M | $3.9M | $4.2M | $8.9M | $8.9M | $11.5M | $2.7M | $3.5M | $4.3M | $6.3M |
| Cash & equivalents | $2.6M | $3.9M | $4.2M | $8.9M | $8.9M | $11.5M | $2.7M | $3.5M | $4.3M | $6.3M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $486,000 | $453,000 | $312,000 | $694,000 | $644,000 | $669,000 | $822,000 | $1.7M | $586,000 | $483,000 |
| Inventory | $1.4M | $1.4M | $1.4M | $1.4M | $1.3M | $1.1M | $1.1M | $1.0M | $847,000 | $631,000 |
| Other current assets | $775,000 | $832,000 | $620,000 | $888,000 | $641,000 | $275,000 | $220,000 | $151,000 | $296,000 | $349,000 |
| Total current assets | $5.3M | $6.6M | $6.5M | $11.9M | $11.4M | $13.5M | $4.9M | $6.4M | $6.1M | $7.8M |
| Property, plant & equipment (net) | $55.5M | $58.5M | $63.0M | $64.7M | $73.0M | $76.9M | $35.7M | $35.2M | $28.5M | $19.6M |
| Goodwill & intangible assets | $9.6M | $9.6M | $9.7M | $9.6M | $9.1M | $9.1M | $19.1M | $19.1M | $19.1M | $19.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $13.5M | $12.5M | $11.9M | $166,000 | $219,000 | $209,000 | $212,000 | $239,000 | $1.5M | $420,000 |
| Total assets | $83.8M | $87.1M | $91.1M | $86.4M | $93.7M | $99.7M | $59.9M | $61.0M | $55.2M | $46.9M |
| Liabilities | ||||||||||
| Accounts payable | $2.6M | $3.1M | $2.6M | $628,000 | $1.5M | $2.6M | $3.8M | $3.8M | $3.3M | $1.9M |
| Short-term debt | $6.3M | $6.2M | $5.8M | $5.4M | $4.9M | $10.9M | $3.9M | $17,000 | $17,000 | $19,000 |
| Deferred revenue | $1.1M | $1.5M | $1.2M | $1.0M | $436,000 | $309,000 | $79,000 | $92,000 | $41,000 | $23,000 |
| Total current liabilities | $14.4M | $15.7M | $14.9M | $12.9M | $12.9M | $18.6M | $9.2M | $8.3M | $6.9M | $5.1M |
| Long-term debt | $2.3M | $842,000 | $750,000 | $0 | $0 | $10.9M | $12.8M | $7.5M | $5.3M | $19,000 |
| Lease obligations | $39.5M | $43.6M | $48.1M | $51.0M | $54.7M | $58.4M | — | — | — | $0 |
| Other long-term liabilities | $33.3M | $37.5M | $42.5M | $45.7M | $49.9M | $55.2M | $8.9M | $7.9M | $5.6M | $3.9M |
| Total liabilities | $50.0M | $54.0M | $58.1M | $58.6M | $62.8M | $84.7M | $31.0M | $23.7M | $17.9M | $9.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $59.4M | $59.0M | $58.2M |
| Retained earnings (deficit) | −$16.6M | −$17.6M | −$19.2M | −$30.3M | −$27.7M | −$44.5M | −$30.6M | −$25.4M | −$24.4M | −$22.1M |
| Treasury stock | — | — | — | — | — | −$75,000 | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | −$22.5M | −$18.6M | −$15.5M |
| Minority interest | $753,000 | $717,000 | $423,000 | $1.3M | — | $1.3M | $1.5M | $3.2M | $2.7M | $1.7M |
| Total shareholders' equity | $33.1M | $32.4M | $32.6M | $26.5M | $29.7M | $13.7M | $28.9M | $34.0M | $34.6M | $36.1M |
| Key figures | ||||||||||
| Total debt | $41.8M | $44.4M | $48.9M | $51.0M | $54.7M | $75.6M | $16.7M | $7.5M | $5.4M | $38,000 |
| Net cash (debt) | −$39.2M | −$40.6M | −$44.7M | −$42.1M | −$45.8M | −$64.1M | −$14.0M | −$4.0M | −$1.0M | $6.3M |
| Working capital | −$9.1M | −$9.1M | −$8.4M | −$1.0M | −$1.4M | −$5.1M | −$4.3M | −$2.0M | −$850,000 | $2.7M |
| Tangible book value | $23.4M | $22.8M | $22.9M | $16.9M | $20.7M | $4.6M | $9.8M | $14.9M | $15.5M | $17.0M |
| Book value per share | $3.09 | $2.90 | $2.75 | $2.12 | $2.32 | $1.09 | $2.31 | $2.73 | $2.81 | $2.94 |
| Shares outstanding | 10.7M | 11.1M | 11.8M | 12.5M | 12.8M | 12.6M | 12.5M | 12.5M | 12.3M | 12.3M |
| Current ratio | 0.37 | 0.42 | 0.44 | 0.92 | 0.89 | 0.72 | 0.53 | 0.77 | 0.88 | 1.52 |
| Quick ratio | 0.21 | 0.27 | 0.30 | 0.74 | 0.74 | 0.65 | 0.39 | 0.63 | 0.71 | 1.33 |
| Debt / equity | 1.27 | 1.37 | 1.50 | 1.92 | 1.84 | 5.52 | 0.58 | 0.22 | 0.15 | 0.00 |
| Equity / assets | 39.4% | 37.2% | 35.8% | 30.7% | 31.8% | 13.7% | 48.3% | 55.8% | 62.7% | 77.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.6M | $2.7M | $3.3M | $2.6M | $3.1M | $2.7M | $3.0M | $3.9M | $4.8M | $4.0M | $3.5M | $4.2M |
| Cash & equivalents | $3.6M | $2.7M | $3.3M | $2.6M | $3.1M | $2.7M | $3.0M | $3.9M | $4.8M | $4.0M | $3.5M | $4.2M |
| Receivables | $833,000 | $724,000 | $1.1M | $486,000 | $853,000 | $786,000 | $1.1M | $453,000 | $782,000 | $862,000 | $1.3M | $312,000 |
| Inventory | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M |
| Other current assets | $913,000 | $1.0M | $888,000 | $775,000 | $1.1M | $1.2M | $1.1M | $832,000 | $662,000 | $768,000 | $705,000 | $620,000 |
| Total current assets | $6.7M | $5.8M | $6.7M | $5.3M | $6.5M | $6.1M | $6.6M | $6.6M | $7.7M | $7.1M | $7.0M | $6.5M |
| Property, plant & equipment (net) | $50.4M | $52.2M | $52.8M | $55.5M | $56.7M | $58.6M | $60.7M | $58.5M | $60.7M | $60.4M | $61.7M | $63.0M |
| Goodwill & intangible assets | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.7M | $9.7M | $9.6M | $9.6M | $9.7M | $9.7M | $9.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $13.5M | $13.4M | $13.4M | $13.5M | $12.9M | $12.5M | $12.6M | $12.5M | $12.0M | $11.8M | $11.8M | $11.9M |
| Total assets | $80.2M | $81.0M | $82.5M | $83.8M | $85.8M | $86.9M | $89.5M | $87.1M | $90.1M | $89.0M | $90.1M | $91.1M |
| Liabilities | ||||||||||||
| Accounts payable | $2.7M | $3.0M | $3.0M | $2.6M | $2.7M | $3.1M | $2.6M | $3.1M | $2.9M | $2.7M | $2.6M | $2.6M |
| Short-term debt | $6.2M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.2M | $6.2M | $6.1M | $5.9M | $5.8M |
| Deferred revenue | $1.1M | $1.1M | $1.3M | $1.1M | $1.3M | $1.4M | $1.7M | $1.5M | $1.7M | $1.6M | $2.0M | $1.2M |
| Total current liabilities | $14.3M | $14.7M | $15.0M | $14.4M | $15.0M | $15.6M | $15.8M | $15.7M | $16.5M | $15.6M | $15.5M | $14.9M |
| Long-term debt | $285,000 | $1.0M | $1.8M | $2.3M | $2.3M | $2.6M | $2.6M | $842,000 | $1.1M | $1.2M | $1.2M | $750,000 |
| Lease obligations | $35.6M | $37.3M | $38.0M | $39.5M | $40.9M | $42.7M | $44.3M | $43.6M | $45.5M | $46.0M | $47.1M | $48.1M |
| Other long-term liabilities | $29.4M | $31.1M | $31.7M | $33.3M | $34.7M | $36.5M | $38.1M | $37.5M | $39.4M | $40.0M | $41.3M | $42.5M |
| Total liabilities | $44.0M | $46.8M | $48.5M | $50.0M | $51.9M | $54.6M | $56.5M | $54.0M | $57.1M | $56.8M | $58.0M | $58.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 |
| Retained earnings (deficit) | −$14.4M | −$16.3M | −$16.4M | −$16.6M | −$16.6M | −$18.1M | −$17.5M | −$17.6M | −$17.9M | −$19.2M | −$19.8M | −$19.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | $0 |
| Minority interest | $791,000 | $777,000 | $770,000 | $753,000 | $744,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $35.3M | $33.4M | $33.2M | $33.1M | $33.1M | $31.6M | $32.4M | $32.4M | $32.3M | $31.6M | $31.6M | $32.6M |
| Key figures | ||||||||||||
| Total debt | $35.9M | $38.4M | $39.8M | $41.8M | $43.2M | $45.3M | $46.9M | $44.4M | $46.6M | $47.2M | $48.4M | $48.9M |
| Net cash (debt) | −$32.3M | −$35.6M | −$36.5M | −$39.2M | −$40.1M | −$42.6M | −$43.9M | −$40.6M | −$41.8M | −$43.2M | −$44.8M | −$44.7M |
| Working capital | −$7.6M | −$8.9M | −$8.2M | −$9.1M | −$8.5M | −$9.5M | −$9.2M | −$9.1M | −$8.8M | −$8.5M | −$8.5M | −$8.4M |
| Tangible book value | $25.7M | $23.8M | $23.6M | $23.4M | $23.5M | $21.9M | $22.7M | $22.8M | $22.6M | $22.0M | $22.0M | $22.9M |
| Book value per share | $3.32 | $3.14 | $3.12 | $3.12 | $3.10 | $2.97 | $3.00 | $2.90 | $2.92 | $2.82 | $2.78 | $2.82 |
| Shares outstanding | 10.7M | 10.7M | 10.7M | 10.6M | 10.7M | 10.6M | 10.8M | 11.1M | 11.0M | 11.2M | 11.4M | 11.5M |
| Current ratio | 0.47 | 0.40 | 0.45 | 0.37 | 0.43 | 0.39 | 0.42 | 0.42 | 0.47 | 0.45 | 0.45 | 0.44 |
| Quick ratio | 0.31 | 0.24 | 0.30 | 0.21 | 0.27 | 0.22 | 0.26 | 0.27 | 0.34 | 0.31 | 0.31 | 0.30 |
| Debt / equity | 1.01 | 1.15 | 1.20 | 1.27 | 1.31 | 1.43 | 1.45 | 1.37 | 1.44 | 1.49 | 1.53 | 1.50 |
| Equity / assets | 44.1% | 41.2% | 40.3% | 39.4% | 38.6% | 36.4% | 36.2% | 37.2% | 35.8% | 35.6% | 35.1% | 35.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 29, 2025); data from EODHD.
GTIM financial position
At the end of fiscal 2025 (September 30, 2025), Good Times Restaurants had total assets of $83.8 million (down 3.8% from a year earlier), total liabilities of $50.0 million and shareholders' equity of $33.1 million. It held $2.6 million in cash and short-term investments against $41.8 million of debt, net debt of $39.2 million. Its current ratio was 0.37. In the latest quarter (ended June 30, 2026) total assets were $80.2 million and equity $35.3 million.
Related: GTIM income statement, GTIM cash flow statement, GTIM key metrics. See the GTIM stock overview for the latest quote and news.
GTIM balance sheet FAQ
What are Good Times Restaurants's total assets?
Good Times Restaurants reported total assets of $83.8 million at the end of fiscal 2025 (September 30, 2025), compared with $87.1 million a year earlier.
How much debt does Good Times Restaurants have?
Good Times Restaurants had $41.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.27.
How much cash does Good Times Restaurants have?
Good Times Restaurants held $2.6 million in cash and short-term investments at the end of fiscal 2025; with $41.8 million of debt that is net debt of $39.2 million.
What is Good Times Restaurants's book value?
Good Times Restaurants's shareholders' equity (book value) was $33.1 million at the end of fiscal 2025, or $3.09 per share.
What is Good Times Restaurants's current ratio?
Good Times Restaurants had current assets of $5.3 million and current liabilities of $14.4 million, a current ratio of 0.37 (current liabilities exceed current assets).
How much goodwill does Good Times Restaurants have?
Good Times Restaurants carried $9.6 million of goodwill and intangible assets, 11.5% of total assets, at the end of fiscal 2025.