Kura Sushi USA, Inc. (KRUS) Balance Sheet
KRUS balance sheet, FY2025
August 31, 2025 · U.S. dollars$430.9M assets = $199.9M liabilities + $231.1M equity
Both columns are drawn to the same scale: what KRUS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KRUS financial health
Descriptive bands, not a rating. Fiscal FY2025.
KRUS balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $23.2MFY2017 | $430.9MFY2025 | +44.1%/yr | |
| Total liabilities | $8.5MFY2017 | $199.9MFY2025 | +48.4%/yr | |
| Shareholders’ equity | $14.7MFY2017 | $231.1MFY2025 | +41.2%/yr | |
| Cash & short-term investments | $2.9MFY2017 | $62.5MFY2025 | +46.9%/yr | |
| Total debt | $3.5MFY2017 | $170.0MFY2025 | +62.2%/yr | |
| Net cash (debt) | −$662,000FY2017 | −$107.6MFY2025 | −$106.9M | |
| Working capital | $692,000FY2017 | $32.7MFY2025 | +$32.0M | |
| Book value per share | $1.86FY2017 | $19.39FY2025 | +34.1%/yr | |
| Current ratio | 1.18FY2017 | 1.76FY2025 | +0.59 | |
| Debt / equity | 0.24FY2017 | 0.74FY2025 | +0.49 | |
| Shares outstanding | 7.9MFY2017 | 11.9MFY2025 | +5.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KRUS assets
KRUS liabilities and equity
KRUS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KRUS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $62.5M | $51.0M | $78.2M | $35.8M | $40.4M | $9.3M | $38.0M | $5.7M | $2.9M |
| Cash & equivalents | $47.5M | $51.0M | $69.7M | $35.8M | $40.4M | $9.3M | $38.0M | $5.7M | $2.9M |
| Short-term investments | $15.0M | $0 | $8.5M | $0 | — | — | — | $0 | $0 |
| Receivables | $6.5M | $4.7M | $5.2M | $2.6M | $2.3M | $2.1M | $1.2M | $525,000 | $698,000 |
| Inventory | $2.1M | $2.2M | $1.7M | $1.1M | $733,000 | $367,000 | $539,000 | $384,000 | $269,000 |
| Other current assets | $4.3M | $3.4M | $4.2M | $2.9M | $14.0M | $3.0M | $1.7M | $662,000 | $740,000 |
| Total current assets | $75.4M | $61.3M | $89.4M | $42.4M | $57.5M | $14.8M | $41.5M | $7.3M | $4.6M |
| Property, plant & equipment (net) | $317.6M | $262.3M | $210.3M | $155.6M | $118.0M | $101.7M | $31.9M | $23.2M | $17.0M |
| Goodwill & intangible assets | $6.0M | $0 | $3.5M | $1.7M | $852,000 | $696,000 | $638,000 | $89,000 | $0 |
| Long-term investments | $29.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.4M | $4.9M | $1.5M | $1.6M | $1.3M | $1.2M | $2.4M | $1.5M | $1.6M |
| Total assets | $430.9M | $328.5M | $304.7M | $201.4M | $177.7M | $118.4M | $76.4M | $32.1M | $23.2M |
| Liabilities | |||||||||
| Accounts payable | $11.5M | $9.0M | $7.2M | $5.6M | $4.9M | $4.9M | $3.7M | $2.0M | $1.8M |
| Short-term debt | $14.1M | $10.7M | $9.3M | $8.5M | $6.6M | $6.1M | $994,000 | $1.0M | $666,000 |
| Deferred revenue | — | $1.9M | $1.7M | — | — | — | — | $395,000 | $335,000 |
| Total current liabilities | $42.8M | $34.5M | $29.1M | $25.3M | $20.0M | $13.9M | $8.3M | $4.8M | $3.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $2.4M | $3.4M | $2.9M |
| Lease obligations | $170.0M | $141.4M | $119.6M | $90.8M | $73.0M | $64.5M | $3.4M | $4.5M | $3.5M |
| Other long-term liabilities | $157.1M | $131.5M | $110.9M | $82.8M | $66.8M | $58.7M | $3.5M | $2.3M | $1.7M |
| Total liabilities | $199.9M | $166.0M | $140.0M | $108.1M | $86.8M | $72.7M | $14.2M | $10.6M | $8.5M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $12,000 | $11,000 | $11,000 | $10,000 | $10,000 | $8,000 | $8,000 | $5,000 | $5,000 |
| Retained earnings (deficit) | −$34.9M | −$33.0M | −$24.2M | −$25.7M | −$24.9M | −$14.6M | $2.7M | $1.3M | −$467,000 |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$23,000 | $0 | $43,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $231.1M | $162.5M | $164.6M | $93.3M | $90.8M | $45.7M | $62.2M | $21.5M | $14.7M |
| Key figures | |||||||||
| Total debt | $170.0M | $141.4M | $119.6M | $90.8M | $73.0M | $64.5M | $3.4M | $4.5M | $3.5M |
| Net cash (debt) | −$107.6M | −$90.4M | −$41.3M | −$55.0M | −$32.5M | −$55.2M | $34.6M | $1.3M | −$662,000 |
| Working capital | $32.7M | $26.8M | $60.2M | $17.1M | $37.4M | $853,000 | $33.2M | $2.5M | $692,000 |
| Tangible book value | $225.1M | $162.5M | $161.2M | $91.5M | $90.0M | $45.0M | $61.5M | $21.4M | $14.7M |
| Book value per share | $19.39 | $14.51 | $15.47 | $9.60 | $10.65 | $5.48 | $11.28 | $2.72 | $1.86 |
| Shares outstanding | 11.9M | 11.2M | 10.6M | 9.7M | 8.5M | 8.3M | 5.5M | 7.9M | 7.9M |
| Current ratio | 1.76 | 1.78 | 3.07 | 1.68 | 2.87 | 1.06 | 5.01 | 1.52 | 1.18 |
| Quick ratio | 1.61 | 1.62 | 2.86 | 1.52 | 2.13 | 0.82 | 4.73 | 1.30 | 0.92 |
| Debt / equity | 0.74 | 0.87 | 0.73 | 0.97 | 0.80 | 1.41 | 0.05 | 0.21 | 0.24 |
| Equity / assets | 53.6% | 49.5% | 54.0% | 46.3% | 51.1% | 38.6% | 81.4% | 67.1% | 63.3% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $44.3M | $48.0M | $50.7M | $62.5M | $60.5M | $85.2M | $107.7M | $51.0M | $60.7M | $62.8M | $71.2M | $78.2M |
| Cash & equivalents | $24.4M | $26.6M | $35.4M | $47.5M | $47.1M | $85.2M | $107.7M | $51.0M | $59.4M | $56.8M | $64.2M | $69.7M |
| Short-term investments | $19.9M | $21.4M | $15.3M | $15.0M | $13.4M | — | — | $0 | $1.2M | $6.1M | $7.0M | $8.5M |
| Receivables | $7.1M | $6.6M | $6.4M | $6.5M | $5.1M | $3.7M | $4.9M | $4.7M | $5.5M | $5.4M | $4.9M | $5.2M |
| Inventory | $2.6M | $2.6M | $2.5M | $2.1M | $2.3M | $2.4M | $2.1M | $2.2M | $2.1M | $1.9M | $1.8M | $1.7M |
| Other current assets | $5.0M | $5.6M | $5.2M | $4.3M | $4.1M | $3.5M | $3.6M | $3.4M | $4.0M | $4.1M | $4.2M | $4.2M |
| Total current assets | $58.9M | $62.8M | $64.8M | $75.4M | $72.0M | $94.7M | $118.3M | $61.3M | $72.3M | $74.2M | $82.0M | $89.4M |
| Property, plant & equipment (net) | $382.8M | $368.5M | $343.7M | $317.6M | $308.6M | $294.9M | $279.9M | $262.3M | $247.7M | $236.2M | $222.2M | $210.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $6.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.5M |
| Long-term investments | $21.8M | $21.7M | $27.8M | $29.5M | $32.5M | $15.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $8.1M | $8.0M | $7.2M | $2.4M | $6.2M | $5.7M | $5.6M | $4.9M | $4.8M | $5.1M | $5.0M | $1.5M |
| Total assets | $471.6M | $461.0M | $443.5M | $430.9M | $419.4M | $410.4M | $403.8M | $328.5M | $324.7M | $315.5M | $309.3M | $304.7M |
| Liabilities | ||||||||||||
| Accounts payable | $12.1M | $10.8M | $9.6M | $11.5M | $9.3M | $7.2M | $9.0M | $9.0M | $8.1M | $7.4M | $8.9M | $7.2M |
| Short-term debt | $15.7M | $16.3M | $14.8M | $14.1M | $13.3M | $12.6M | $13.8M | $10.7M | $11.7M | $10.4M | $10.5M | $9.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | $1.8M | $1.6M | — | — |
| Total current liabilities | $46.9M | $43.0M | $40.3M | $42.8M | $38.5M | $35.5M | $34.1M | $34.5M | $33.7M | $30.6M | $31.1M | $29.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $207.9M | $203.2M | $187.4M | $170.0M | $166.0M | $161.4M | $152.9M | $141.4M | $135.6M | $129.3M | $124.3M | $119.6M |
| Other long-term liabilities | $193.8M | $189.2M | $174.0M | $157.1M | $153.8M | $149.9M | $142.1M | $131.5M | $124.6M | $119.7M | $114.4M | $110.9M |
| Total liabilities | $240.7M | $232.2M | $214.3M | $199.9M | $192.4M | $185.3M | $176.2M | $166.0M | $158.3M | $150.2M | $145.6M | $140.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 |
| Retained earnings (deficit) | −$39.2M | −$39.7M | −$38.0M | −$34.9M | −$37.2M | −$37.7M | −$33.9M | −$33.0M | −$27.8M | −$27.2M | −$26.2M | −$24.2M |
| Accumulated other comprehensive income | −$37,000 | $23,000 | $17,000 | −$23,000 | −$8,000 | $0 | $0 | $0 | $0 | $76,000 | $46,000 | $43,000 |
| Total shareholders' equity | $230.8M | $228.8M | $229.2M | $231.1M | $227.0M | $225.0M | $227.6M | $162.5M | $166.4M | $165.3M | $163.7M | $164.6M |
| Key figures | ||||||||||||
| Total debt | $207.9M | $204.0M | $187.4M | $170.0M | $166.0M | $161.4M | $154.9M | $141.4M | $135.7M | $129.3M | $124.3M | $119.6M |
| Net cash (debt) | −$163.6M | −$156.0M | −$136.7M | −$107.6M | −$105.5M | −$76.2M | −$47.2M | −$90.4M | −$75.0M | −$66.5M | −$53.1M | −$41.3M |
| Working capital | $12.0M | $19.8M | $24.4M | $32.7M | $33.5M | $59.2M | $84.1M | $26.8M | $38.6M | $43.6M | $50.9M | $60.2M |
| Tangible book value | $230.8M | $228.8M | $229.2M | $225.1M | $227.0M | $225.0M | $227.6M | $162.5M | $166.4M | $165.3M | $163.7M | $161.2M |
| Book value per share | $18.68 | $18.88 | $18.93 | $18.66 | $18.44 | $18.64 | $19.93 | $14.51 | $14.88 | $14.78 | $14.69 | $14.32 |
| Shares outstanding | 12.4M | 12.1M | 12.1M | 12.4M | 12.3M | 12.1M | 11.4M | 11.2M | 11.2M | 11.2M | 11.2M | 11.5M |
| Current ratio | 1.26 | 1.46 | 1.61 | 1.76 | 1.87 | 2.67 | 3.47 | 1.78 | 2.15 | 2.43 | 2.64 | 3.07 |
| Quick ratio | 1.10 | 1.27 | 1.42 | 1.61 | 1.70 | 2.51 | 3.30 | 1.62 | 1.96 | 2.23 | 2.45 | 2.86 |
| Debt / equity | 0.90 | 0.89 | 0.82 | 0.74 | 0.73 | 0.72 | 0.68 | 0.87 | 0.82 | 0.78 | 0.76 | 0.73 |
| Equity / assets | 49.0% | 49.6% | 51.7% | 53.6% | 54.1% | 54.8% | 56.4% | 49.5% | 51.3% | 52.4% | 52.9% | 54.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 6, 2025); data from EODHD.
KRUS financial position
At the end of fiscal 2025 (August 31, 2025), Kura Sushi USA had total assets of $430.9 million (up 31.2% from a year earlier), total liabilities of $199.9 million and shareholders' equity of $231.1 million. It held $62.5 million in cash and short-term investments against $170.0 million of debt, net debt of $107.6 million. Its current ratio was 1.76. In the latest quarter (ended May 31, 2026) total assets were $471.6 million and equity $230.8 million.
Related: KRUS income statement, KRUS cash flow statement, KRUS key metrics. See the KRUS stock overview for the latest quote and news.
KRUS balance sheet FAQ
What are Kura Sushi USA's total assets?
Kura Sushi USA reported total assets of $430.9 million at the end of fiscal 2025 (August 31, 2025), compared with $328.5 million a year earlier.
How much debt does Kura Sushi USA have?
Kura Sushi USA had $170.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.74.
How much cash does Kura Sushi USA have?
Kura Sushi USA held $62.5 million in cash and short-term investments at the end of fiscal 2025; with $170.0 million of debt that is net debt of $107.6 million.
What is Kura Sushi USA's book value?
Kura Sushi USA's shareholders' equity (book value) was $231.1 million at the end of fiscal 2025, or $19.39 per share.
What is Kura Sushi USA's current ratio?
Kura Sushi USA had current assets of $75.4 million and current liabilities of $42.8 million, a current ratio of 1.76 (it can cover its short-term obligations).
How much goodwill does Kura Sushi USA have?
Kura Sushi USA carried $6.0 million of goodwill and intangible assets, 1.4% of total assets, at the end of fiscal 2025.