BH
Biglari Holdings Inc.
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What it owns, and who has a claim on it
Both columns are the same height because they are the same money, counted twice: once by what it is, once by who it belongs to.
| Cash | $213M20% |
|---|---|
| Receivables | $26M2% |
| Inventory | $4M0% |
| Property & equipment | $364M34% |
| Goodwill | $53M5% |
| Intangibles | $23M2% |
| Other assets | $390M36% |
| Accounts payable | $27M3% |
|---|---|
| Long-term debt | $209M20% |
| Other liabilities | $242M23% |
| Shareholders' equity | $595M55% |
Biglari Holdings Inc. (BH) files with the SEC as a consumer discretionary company. Its most recent balance sheet puts total assets at $1.1B, against $478M of liabilities and $595M of equity, as at 2026-09-30. That balance sheet grew 1.4% against 2026-06-30, when total assets were $1.1B. Liabilities account for 44.6% of the balance sheet and equity 55.4%, about $0.80 of liabilities for every dollar of equity. The largest single line on the asset side is Property & equipment at $364M, 34.0% of total assets, followed by Cash at $213M. Its largest single liability is Long-term debt at $209M, 19.5% of the balance sheet. The figures come from a filing filed on 2026-11-06. Assets equal liabilities plus equity on the filed figures, so this balance sheet reconciles directly. Every figure above is as filed, taken from the most recent filing that reported it. Nothing is estimated or smoothed, and where the filing and the identity disagree the disagreement is shown rather than closed.
Funding is split roughly evenly: equity is 55% of the balance sheet and liabilities 45%.
The numbers behind Biglari Holdings Inc.’s balance sheet
The check, written out
Assets $1,073,106,000 − (liabilities $478,287,000 + equity $594,819,000) = $0
Ratios
| Liabilities to assets | $478M ÷ $1.1B | 44.6% |
|---|---|---|
| Equity to assets | $595M ÷ $1.1B | 55.4% |
| Liabilities to equity | $478M ÷ $595M | 0.80× |
| Largest asset line: Property & equipment | $364M ÷ $1.1B | 34.0% |
| Largest liability line: Long-term debt | $209M ÷ $1.1B | 19.5% |
Does it balance, quarter by quarter
8 of the last 8 tested balance sheets on file reconcile as this site reads them. Each row is judged by the same check as the drawing above, and “latest filing” is the newest filing that carried that period's figures, since later filings repeat earlier periods as comparatives.
| Period end | Latest filing | Assets | Liabilities | Equity | A = L + E |
|---|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | $1.1B | $478M | $595M | Balanced |
| 2026-06-30 | 2026-08-07 | $1.1B | $515M | $544M | Balanced |
| 2026-03-31 | 2026-05-08 | $1.0B | $499M | $519M | Balanced |
| 2025-12-31 | 2026-03-02 | $1.0B | $502M | $523M | Balanced |
| 2025-09-30 | 2025-11-07 | $1.1B | $499M | $580M | Balanced |
| 2025-06-30 | 2025-08-08 | $864M | $274M | $589M | Balanced |
| 2025-03-31 | 2025-05-09 | $829M | $289M | $540M | Balanced |
| 2024-12-31 | 2025-03-03 | $866M | $293M | $573M | Balanced |
Where to go from here
- All Consumer Discretionary companies — largest by total assets first, as most recently filed.
- Every company covered — the directory this page belongs to.
- How the check works — what “balanced” means and what the exceptions are.
Ask about these numbers
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This is a language model reading the same numbers you can see. It does not predict, rate or recommend.
Learn more
- What Is the Accounting Identity? Meaning and Example — Why Assets = Liabilities + Equity works as a test on data you did not produce, and what it means when a filing does not balance.
- Why Naive XBRL Extraction Breaks Balance Sheets (And How a Balance Check Catches It) — How the figure on this page was chosen out of the twenty-odd tags the filer published for it.
- 995 of 38,568 SEC Filings Failed Our Balance Sheet Check — 995 of 38,568 filings failed the check: the method, the reasons and the filings themselves.
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