Utz Brands, Inc. (UTZ) Balance Sheet
UTZ balance sheet, 2025
December 31, 2025 · U.S. dollars$2.79B assets = $1.45B liabilities + $1.34B equity
Both columns are drawn to the same scale: what UTZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UTZ financial health
Descriptive bands, not a rating. Fiscal 2025.
UTZ balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $443.3M2018 | $2.79B2025 | +30.1%/yr | |
| Total liabilities | $15.6M2018 | $1.45B2025 | +91.0%/yr | |
| Shareholders’ equity | $427.7M2018 | $713.7M2025 | +7.6%/yr | |
| Cash & short-term investments | $944,8902018 | $120.4M2025 | +99.9%/yr | |
| Total debt | $02018 | $1.17B2025 | — | |
| Net cash (debt) | $944,8902018 | −$1.05B2025 | −$1.0B | |
| Working capital | $1.1M2018 | $61.2M2025 | +$60.1M | |
| Book value per share | $7.652018 | $8.132025 | +0.9%/yr | |
| Current ratio | 8.482018 | 1.192025 | −7.29 | |
| Debt / equity | 0.002018 | 1.642025 | +1.64 | |
| Shares outstanding | 55.9M2018 | 87.8M2025 | +6.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UTZ assets
UTZ liabilities and equity
UTZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UTZ balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $120.4M | $56.1M | $52.0M | $72.9M | $41.9M | $46.8M | $15.1M | $944,890 |
| Cash & equivalents | $120.4M | $56.1M | $52.0M | $72.9M | $41.9M | $46.8M | $15.1M | $944,890 |
| Short-term investments | — | — | — | — | — | — | $442.0M | — |
| Receivables | $104.8M | $124.5M | $140.4M | $146.3M | $138.1M | $126.0M | $106.8M | $0 |
| Inventory | $119.3M | $101.4M | $104.7M | $118.0M | $79.5M | $59.8M | $50.9M | $0 |
| Other current assets | $39.9M | $35.3M | $31.0M | $35.0M | $18.4M | $11.6M | $11.3M | $321,529 |
| Total current assets | $384.4M | $317.3M | $328.1M | $372.2M | $277.9M | $244.2M | $184.1M | $1.3M |
| Property, plant & equipment (net) | $379.2M | $345.2M | $318.9M | $345.2M | $303.8M | $270.4M | $171.7M | $0 |
| Goodwill & intangible assets | $1.83B | $1.87B | $1.98B | $2.01B | $2.06B | $2.03B | $386.4M | $0 |
| Long-term investments | $0 | $0 | $0 | $12.8M | $20.7M | $20.0M | $0 | $0 |
| Other non-current assets | $200.9M | $198.7M | $121.1M | $95.3M | $56.0M | $30.4M | $36.3M | $442.0M |
| Total assets | $2.79B | $2.73B | $2.75B | $2.84B | $2.72B | $2.60B | $778.5M | $443.3M |
| Liabilities | ||||||||
| Accounts payable | $197.4M | $150.9M | $124.4M | $114.4M | $95.4M | $57.3M | $49.0M | $115,112 |
| Short-term debt | $56.5M | $40.4M | $43.7M | $43.5M | $30.5M | $9.5M | $14.3M | $0 |
| Deferred revenue | — | $2.0M | $8.0M | — | $66.7M | $77.7M | — | — |
| Total current liabilities | $323.2M | $285.3M | $230.7M | $237.4M | $188.0M | $200.1M | $107.5M | $149,386 |
| Long-term debt | $832.4M | $767.5M | $897.7M | $913.7M | $855.3M | $802.6M | $0 | $0 |
| Lease obligations | $157.8M | $150.3M | $58.9M | $47.7M | $9.2M | $0 | — | — |
| Other long-term liabilities | $293.1M | $287.9M | $234.7M | $237.6M | $238.4M | $211.3M | $704.4M | $15.4M |
| Total liabilities | $1.45B | $1.34B | $1.36B | $1.39B | $1.28B | $1.21B | $811.9M | $15.6M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $14,200 | $8,000 | $14,000 | $14,000 | $14,000 | $13,000 | −$27.4M | $422.7M |
| Retained earnings (deficit) | −$326.6M | −$304.7M | −$298.0M | −$254.6M | −$236.6M | −$241.5M | $5.0M | $1.9M |
| Accumulated other comprehensive income | $3.3M | $18.6M | $23.0M | $30.8M | $3.7M | $924,000 | $1.4M | — |
| Minority interest | $631.2M | $685.3M | $714.2M | $748.5M | $755.0M | $832.0M | — | — |
| Total shareholders' equity | $713.7M | $702.5M | $669.5M | $703.1M | $679.7M | $552.9M | −$26.0M | $427.7M |
| Key figures | ||||||||
| Total debt | $1.17B | $940.8M | $985.3M | $992.5M | $909.0M | $812.1M | $679.9M | $0 |
| Net cash (debt) | −$1.05B | −$884.7M | −$933.3M | −$919.5M | −$867.1M | −$765.2M | −$664.9M | $944,890 |
| Working capital | $61.2M | $32.0M | $97.4M | $134.8M | $89.9M | $44.1M | $76.6M | $1.1M |
| Tangible book value | −$1.12B | −$1.16B | −$1.31B | −$1.31B | −$1.38B | −$1.48B | −$412.5M | $427.7M |
| Book value per share | $8.13 | $8.22 | $8.26 | $8.78 | $8.38 | $7.78 | −$0.47 | $7.65 |
| Shares outstanding | 87.8M | 85.4M | 81.1M | 80.1M | 81.1M | 71.1M | 55.9M | 55.9M |
| Current ratio | 1.19 | 1.11 | 1.42 | 1.57 | 1.48 | 1.22 | 1.71 | 8.48 |
| Quick ratio | 0.70 | 0.63 | 0.83 | 0.92 | 0.96 | 0.86 | 1.13 | 6.33 |
| Debt / equity | 1.64 | 1.34 | 1.47 | 1.41 | 1.34 | 1.47 | — | 0.00 |
| Equity / assets | 25.5% | 25.7% | 24.4% | 24.8% | 25.0% | 21.3% | −3.3% | 96.5% |
| 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 | $58.6M | $73.7M | $120.4M | $57.7M | $54.6M | $62.7M | $56.1M | $64.9M | $66.6M | $47.0M | $52.0M | $60.1M |
| Cash & equivalents | $58.6M | $73.7M | $120.4M | $57.7M | $54.6M | $62.7M | $56.1M | $64.9M | $66.6M | $47.0M | $52.0M | $60.1M |
| Receivables | $127.7M | $128.2M | $104.8M | $138.4M | $177.9M | $139.3M | $124.5M | $137.5M | $142.5M | $140.2M | $140.4M | $137.6M |
| Inventory | $128.7M | $122.5M | $119.3M | $112.9M | $125.5M | $107.6M | $101.4M | $101.6M | $100.7M | $104.6M | $104.7M | $116.7M |
| Other current assets | $47.1M | $35.5M | $39.9M | $24.4M | $32.5M | $34.7M | $35.3M | $40.4M | $44.5M | $37.0M | $31.0M | $44.2M |
| Total current assets | $362.1M | $359.9M | $384.4M | $333.4M | $390.5M | $344.4M | $317.3M | $344.4M | $354.4M | $328.8M | $328.1M | $358.6M |
| Property, plant & equipment (net) | $379.7M | $379.9M | $379.2M | $396.5M | $389.7M | $375.0M | $345.2M | $315.5M | $300.1M | $295.8M | $318.9M | $329.8M |
| Goodwill & intangible assets | $1.81B | $1.82B | $1.83B | $1.84B | $1.85B | $1.86B | $1.87B | $1.87B | $1.88B | $1.88B | $1.98B | $1.99B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $220.0M | $224.6M | $200.9M | $203.0M | $203.4M | $199.2M | $198.7M | $109.4M | $112.6M | $118.7M | $121.1M | $122.5M |
| Total assets | $2.78B | $2.79B | $2.79B | $2.78B | $2.84B | $2.78B | $2.73B | $2.64B | $2.65B | $2.63B | $2.75B | $2.80B |
| Liabilities | ||||||||||||
| Accounts payable | $196.7M | $188.3M | $197.4M | $172.2M | $188.5M | $157.5M | $150.9M | $138.8M | $121.8M | $115.7M | $124.4M | $135.9M |
| Short-term debt | $65.9M | $36.4M | $56.5M | $51.7M | $30.2M | $42.5M | $40.4M | $39.8M | $35.2M | $43.4M | $43.7M | $43.8M |
| Deferred revenue | — | — | — | — | — | $167,000 | $2.0M | $6.7M | $11.4M | $12.7M | $8.0M | — |
| Total current liabilities | $340.7M | $315.0M | $323.2M | $274.1M | $303.3M | $261.5M | $285.3M | $285.4M | $209.5M | $235.3M | $230.7M | $227.6M |
| Long-term debt | $812.2M | $825.1M | $832.4M | $840.6M | $859.5M | $845.3M | $767.5M | $781.4M | $802.8M | $755.3M | $897.7M | $914.7M |
| Lease obligations | $173.7M | $176.7M | $157.8M | $160.7M | $163.5M | $157.2M | $150.3M | $61.6M | $58.5M | $57.8M | $58.9M | $59.2M |
| Other long-term liabilities | $308.9M | $308.6M | $293.1M | $299.8M | $296.6M | $294.7M | $287.9M | $192.6M | $232.1M | $244.6M | $234.7M | $218.6M |
| Total liabilities | $1.46B | $1.45B | $1.45B | $1.41B | $1.46B | $1.40B | $1.34B | $1.26B | $1.24B | $1.24B | $1.36B | $1.36B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $14,200 | $14,200 | $14,100 | $8,000 | $8,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 |
| Retained earnings (deficit) | −$350.1M | −$334.4M | −$326.6M | −$318.4M | −$298.4M | −$303.7M | −$304.7M | −$301.8M | −$293.8M | −$306.8M | −$298.0M | −$265.7M |
| Accumulated other comprehensive income | $3.6M | $4.7M | $3.3M | $10.9M | $12.4M | $14.7M | $18.6M | $15.4M | $24.4M | $25.7M | $23.0M | $32.7M |
| Minority interest | $617.8M | $627.9M | $631.2M | $636.8M | $646.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $695.9M | $709.5M | $713.7M | $725.3M | $731.2M | $725.6M | $702.5M | $685.7M | $686.0M | $671.1M | $669.5M | $705.9M |
| Key figures | ||||||||||||
| Total debt | $1.03B | $49.5M | $1.17B | $1.03B | $889.7M | $1.03B | $940.8M | $866.1M | $880.7M | $841.5M | $985.3M | $1.00B |
| Net cash (debt) | −$971.9M | $24.2M | −$1.05B | −$976.7M | −$835.1M | −$964.2M | −$884.7M | −$801.2M | −$814.1M | −$794.5M | −$933.3M | −$942.8M |
| Working capital | $21.4M | $44.9M | $61.2M | $59.3M | $87.2M | $82.9M | $32.0M | $58.9M | $144.9M | $93.5M | $97.4M | $130.9M |
| Tangible book value | −$1.12B | −$1.11B | −$1.12B | −$1.12B | −$1.12B | −$1.13B | −$1.16B | −$1.19B | −$1.20B | −$1.21B | −$1.31B | −$1.28B |
| Book value per share | $7.86 | $8.03 | $8.16 | $8.26 | $8.34 | $8.29 | $8.10 | $8.32 | $8.07 | $8.24 | $8.25 | $8.46 |
| Shares outstanding | 88.5M | 88.3M | 87.5M | 87.8M | 87.7M | 87.5M | 86.7M | 82.4M | 85.0M | 81.4M | 81.1M | 83.4M |
| Current ratio | 1.06 | 1.14 | 1.19 | 1.22 | 1.29 | 1.32 | 1.11 | 1.21 | 1.69 | 1.40 | 1.42 | 1.58 |
| Quick ratio | 0.55 | 0.64 | 0.70 | 0.72 | 0.77 | 0.77 | 0.63 | 0.71 | 1.00 | 0.80 | 0.83 | 0.87 |
| Debt / equity | 1.48 | 0.07 | 1.64 | 1.43 | 1.22 | 1.42 | 1.34 | 1.26 | 1.28 | 1.25 | 1.47 | 1.42 |
| Equity / assets | 25.1% | 25.5% | 25.5% | 26.1% | 25.8% | 26.1% | 25.7% | 25.9% | 25.9% | 25.6% | 24.4% | 25.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
UTZ financial position
At the end of fiscal 2025 (December 31, 2025), Utz Brands had total assets of $2.8 billion (up 2.4% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $713.7 million. It held $120.4 million in cash and short-term investments against $1.2 billion of debt, net debt of $1.0 billion. Its current ratio was 1.19. In the latest quarter (ended June 30, 2026) total assets were $2.8 billion and equity $695.9 million.
Related: UTZ income statement, UTZ cash flow statement, UTZ key metrics. See the UTZ stock overview for the latest quote and news.
UTZ balance sheet FAQ
What are Utz Brands's total assets?
Utz Brands reported total assets of $2.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.7 billion a year earlier.
How much debt does Utz Brands have?
Utz Brands had $1.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.64.
How much cash does Utz Brands have?
Utz Brands held $120.4 million in cash and short-term investments at the end of fiscal 2025; with $1.2 billion of debt that is net debt of $1.0 billion.
What is Utz Brands's book value?
Utz Brands's shareholders' equity (book value) was $713.7 million at the end of fiscal 2025, or $8.13 per share.
What is Utz Brands's current ratio?
Utz Brands had current assets of $384.4 million and current liabilities of $323.2 million, a current ratio of 1.19 (it can cover its short-term obligations).
How much goodwill does Utz Brands have?
Utz Brands carried $1.8 billion of goodwill and intangible assets, 65.5% of total assets, at the end of fiscal 2025.