Kevin Paffrath identifies FAT Brands as an example of a company with an unsustainable balance sheet due to its high level of debt relative to cash reserves.

“FAT Brands literally has $2 million of cash. You can see it right here. See? $2 million September 28th, FAT Brands Inc. in thousands, which makes that $2 million of cash. How much debt do they have do? Right here. Long-term debt current portion, $1.2 billion dollars.”