Company: NGVC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001437749-25-003026
Chunk: 2

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Consolidated Balance Sheets

(Unaudited)

(Dollars in thousands, except per share data)

			December 31, 

			2024

			September 30, 

			2024

			Assets

			Current assets:

			Cash and cash equivalents

			$
			6,316

			8,871

			Accounts receivable, net

			11,895

			12,610

			Merchandise inventory

			121,820

			120,672

			Prepaid expenses and other current assets

			4,494

			4,905

			Total current assets

			144,525

			147,058

			Property and equipment, net

			181,942

			178,609

			Other assets:

			Operating lease assets, net

			268,226

			275,111

			Finance lease assets, net

			39,674

			40,752

			Other assets

			1,440

			458

			Goodwill and other intangible assets, net

			13,072

			13,488

			Total other assets

			322,412

			329,809

			Total assets

			$
			648,879

			655,476

			Liabilities and Stockholders’ Equity

			Current liabilities:

			Accounts payable

			$
			75,581

			88,397

			Accrued expenses

			34,560

			35,847

			Operating lease obligations, current portion

			35,974

			35,926

			Finance lease obligations, current portion

			4,012

			3,960

			Total current liabilities

			150,127

			164,130

			Long-term liabilities:

			Revolving loans

			8,900

			—

			Operating lease obligations, net of current portion

			256,051

			263,404

			Finance lease obligations, net of current portion

			42,195

			43,217

			Deferred income tax liabilities, net

			9,730