Sweetgreen Net Debt vs Other Current Assets Analysis
SG Stock | USD 32.52 1.58 5.11% |
Sweetgreen financial indicator trend analysis is much more than just breaking down Sweetgreen prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sweetgreen is a good investment. Please check the relationship between Sweetgreen Net Debt and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sweetgreen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.
Net Debt vs Other Current Assets
Net Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sweetgreen Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Sweetgreen's Net Debt and Other Current Assets is 0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Sweetgreen, assuming nothing else is changed. The correlation between historical values of Sweetgreen's Net Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Sweetgreen are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Sweetgreen's Net Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Sweetgreen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sweetgreen current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sweetgreen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.The Sweetgreen's current Sales General And Administrative To Revenue is estimated to increase to 0.25, while Tax Provision is projected to decrease to roughly 2.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 469.3M | 646.2M | 688.4M | 525.5M | Depreciation And Amortization | 17.0M | 50.8M | 59.5M | 37.4M |
Sweetgreen fundamental ratios Correlations
Click cells to compare fundamentals
Sweetgreen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sweetgreen fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 386.4M | 265.7M | 762.6M | 908.9M | 912.3M | 1.2B | |
Other Current Liab | 24.6M | 30.1M | 36.3M | 29.3M | 40.0M | 38.0M | |
Total Current Liabilities | 32.9M | 36.3M | 47.5M | 72.5M | 91.6M | 87.0M | |
Total Stockholder Equity | (173.2M) | (307.4M) | 653.1M | 541.2M | 482.6M | 417.7M | |
Net Debt | (249.3M) | (102.6M) | (472.0M) | (30.9M) | 45.6M | 64.5M | |
Retained Earnings | (181.8M) | (323.0M) | (476.2M) | (671.6M) | (785.0M) | (745.7M) | |
Accounts Payable | 8.3M | 6.2M | 11.2M | 12.2M | 17.4M | 16.5M | |
Cash | 249.3M | 102.6M | 472.0M | 331.6M | 257.2M | 280.9M | |
Non Current Assets Total | 124.8M | 149.8M | 256.0M | 562.8M | 636.2M | 558.9M | |
Non Currrent Assets Other | 5.1M | 5.4M | 6.5M | 5.4M | 6.1M | 5.8M | |
Cash And Short Term Investments | 249.3M | 102.6M | 472.0M | 331.6M | 257.2M | 299.7M | |
Net Receivables | 5.0M | 6.6M | 19.3M | 3.2M | 3.5M | 3.3M | |
Liabilities And Stockholders Equity | 386.4M | 265.7M | 762.6M | 908.9M | 912.3M | 1.2B | |
Non Current Liabilities Total | 526.7M | 536.7M | 62.0M | 295.2M | 338.1M | 327.4M | |
Other Current Assets | 396K | 602K | 680K | 1.7M | 13.2M | 12.6M | |
Other Stockholder Equity | 8.6M | (486.0M) | 1.1B | 303.8M | 1.3B | 649.7M | |
Total Liab | 559.6M | 573.0M | 109.5M | 367.7M | 429.7M | 814.5M | |
Total Current Assets | 261.6M | 115.9M | 506.7M | 346.1M | 276.0M | 262.2M | |
Intangible Assets | 5.7M | 10.9M | 32.9M | 30.6M | 27.4M | 40.4M | |
Common Stock | 15K | 17K | 109K | 111K | 113K | 208.7K |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sweetgreen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.Note that the Sweetgreen information on this page should be used as a complementary analysis to other Sweetgreen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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Is Sweetgreen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sweetgreen. If investors know Sweetgreen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sweetgreen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.94) | Revenue Per Share 5.494 | Quarterly Revenue Growth 0.262 | Return On Assets (0.08) | Return On Equity (0.21) |
The market value of Sweetgreen is measured differently than its book value, which is the value of Sweetgreen that is recorded on the company's balance sheet. Investors also form their own opinion of Sweetgreen's value that differs from its market value or its book value, called intrinsic value, which is Sweetgreen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sweetgreen's market value can be influenced by many factors that don't directly affect Sweetgreen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sweetgreen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sweetgreen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sweetgreen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.