Natural Grocers by Vitamin Cottage (NGVC) Balance Sheet: Assets & Liabilities

Natural Grocers by Vitamin Cottage (NGVC) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), Natural Grocers by Vitamin Cottage reported total assets of $670.50M and total liabilities of $458.11M. Shareholders' equity was $212.40M, up 21.9% from $174.25M a year earlier. Total debt stood at $332.02M against $17.12M in cash and short-term investments, a net debt position of $314.90M. That puts debt-to-equity at 1.56, compared with 1.99 a year earlier.

Natural Grocers by Vitamin Cottage Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Natural Grocers by Vitamin Cottage, Inc. (NGVC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Current Assets
Cash and Cash Equivalents	17.12	8.87	18.34	12.04	23.68	28.53	6.21	9.40	6.52
Cash & Short-Term Investments	17.12	8.87	18.34	12.04	23.68	28.53	6.21	9.40	6.52
Accounts Receivable	11.97	12.61	10.80	10.50	8.49	8.52	5.06	4.74	4.86
Inventory	132.97	120.67	119.26	113.76	100.55	100.18	96.18	94.23	93.61
Other Current Assets	6.03	4.91	4.15	4.37	2.91	6.19	7.73	2.59	3.22
Total Current Assets	168.08	147.06	152.55	140.66	135.63	143.41	115.18	110.95	108.22
Non-Current Assets
Property, Plant & Equipment (Net)	485.22	494.47	502.11	507.87	507.15	527.26	201.64	188.77	184.42
Long-Term Investments	0.00	0.00	-14.43	0.00	-15.29	-14.43	-10.42	-6.45	-12.36
Goodwill	11.76	5.20	5.20	14.13	11.77	5.20	5.20	5.20	5.20
Intangible Assets	11.69	8.46	8.93	8.90	6.51	5.27	3.45	0.45	0.46
Other Non-Current Assets	5.45	0.29	0.40	0.45	0.53	0.65	1.66	1.71	1.64
Total Non-Current Assets	502.43	508.42	516.64	522.45	519.45	538.38	211.93	196.13	191.78
Total Assets	670.50	655.48	669.19	663.11	655.08	681.79	327.11	307.08	299.99
Current Liabilities
Accounts Payable	80.99	88.40	80.68	71.28	68.95	69.16	63.16	61.10	56.85
Short-Term Debt	40.56	39.89	40.29	1.75	1.75	34.99	2.09	1.47	1.10
Current Portion of Long-Term Debt	-	-	1.75	1.75	1.75	-	-	-	-
Accrued Liabilities	37.24	24.35	21.35	26.74	26.59	-	-	-	-
Deferred Revenue	1.93	1.90	1.87	1.76	2.16	1.82	1.41	1.45	0.91
Other Current Liabilities	35.31	24.35	21.35	16.53	16.11	15.26	8.85	8.62	6.31
Total Current Liabilities	158.78	164.13	154.03	137.73	133.77	129.15	83.27	79.69	71.56
Non-Current Liabilities
Long-Term Debt	291.46	306.62	329.89	13.94	21.94	730.29	57.17	53.60	61.27
Deferred Tax Liabilities	7.86	10.47	14.43	15.90	15.29	14.43	10.42	6.45	12.42
Other Non-Current Liabilities	7.86	0.00	0.00	15.90	15.29	14.43	19.35	20.62	20.86
Total Non-Current Liabilities	299.33	317.09	344.32	369.57	378.58	379.58	86.94	80.67	94.55
Total Liabilities	458.11	481.22	498.34	507.30	512.35	508.73	170.21	160.36	166.11
Stockholders' Equity
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Retained Earnings	149.34	113.90	111.87	97.72	85.42	116.29	100.92	91.51	78.85
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	-205.52	0.00	-164.66	-143.44
Treasury Stock	-	-	0.07	-	-	-	-	-	-
Additional Paid-in Capital	63.03	60.33	58.95	58.07	57.29	113.50	55.96	219.85	198.45
Shares Outstanding	22.95	22.89	22.74	22.69	-	-	-	-	-
Total Stockholders' Equity	212.40	174.25	170.84	155.81	142.73	173.07	156.91	146.73	133.88
Total Liabilities & Equity	670.50	655.48	669.19	663.11	655.08	681.79	327.11	307.08	299.99

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Natural Grocers by Vitamin Cottage Balance Sheet

How much debt does Natural Grocers by Vitamin Cottage have?

Natural Grocers by Vitamin Cottage had total debt of $332.02M as of Sep 30, 2025, against $17.12M in cash and short-term investments. Its debt-to-equity ratio was 1.56. Total debt was $346.51M a year earlier.

What are Natural Grocers by Vitamin Cottage's total assets?

Natural Grocers by Vitamin Cottage reported total assets of $670.50M as of Sep 30, 2025, up 2.3% from $655.48M a year earlier. Total liabilities were $458.11M.

What is Natural Grocers by Vitamin Cottage's shareholders' equity?

Natural Grocers by Vitamin Cottage's shareholders' equity was $212.40M as of Sep 30, 2025, or about $9.25 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition