Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 54

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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Item 1. Financial Statements

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Consolidated Balance Sheets 

(Unaudited)

(Dollars in thousands, except per share data)

			March 31, 

			2025

			September 30,

			2024

			Assets

			Current assets:

			Cash and cash equivalents

			$
			21,209

			8,871

			Accounts receivable, net

			12,449

			12,610

			Merchandise inventory

			124,774

			120,672

			Prepaid expenses and other current assets

			4,816

			4,905

			Total current assets

			163,248

			147,058

			Property and equipment, net

			180,847

			178,609

			Other assets:

			Operating lease assets, net

			266,488

			275,111

			Finance lease assets, net

			38,596

			40,752

			Other assets

			2,763

			458

			Goodwill and other intangible assets, net

			12,648

			13,488

			Total other assets

			320,495

			329,809

			Total assets

			$
			664,590

			655,476

			Liabilities and Stockholders’ Equity

			Current liabilities:

			Accounts payable

			$
			91,998

			88,397

			Accrued expenses

			35,382

			35,847

			Operating lease obligations, current portion

			36,275

			35,926

			Finance lease obligations, current portion

			4,069

			3,960

			Total current liabilities

			167,724

			164,130

			Long-term liabilities:

			Operating lease obligations, net of current portion

			254,064

			263,404

			Finance lease obligations, net of current portion

			41,156

			43,217

			Deferred income tax liabilities, net

			8,671

			10,471

			Total long-term liabilities