What is Sweetgreen's cash ratio?

Sweetgreen (SG) reported cash ratio of 1.5× in Q1 2026.

How has Sweetgreen's cash ratio changed year-over-year?

Sweetgreen's cash ratio decreased by 17.1% year-over-year, from 1.8× to 1.5×.

What is the long-term trend for Sweetgreen's cash ratio?

Over 4 years (2021 to 2025), Sweetgreen's cash ratio has grown at a -47.0% compound annual growth rate (CAGR), from 9.9× to 0.8×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Sweetgreen SG Cash ratio

Cash ratio at other companies

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0.5×+0.1×

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0.2×-0.5×

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1.3×-0.3×

CAVA GroupCAVA

1.8×-0.4×

First Watch Restaurant Group, Inc.FWRG

0.1×0.0×

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Other financials

Income statement

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Revenue$161.5M-2.9%

Gross profit$16.2M-45.4%

Operating income-$34.3M-20.4%

Net income$125.8M+602%

EPS (diluted)$1.05+600%

Balance sheet

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Cash & equivalents$161.0M-13.7%

Total debt$356.1M+8.1%

Total equity$488.9M+13.0%

Total assets$912.7M+9.4%

Cash flow

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Operating cash flow-$17.2M-30.7%

CapEx$12.4M-25.9%

Free cash flow-$29.6M+1.0%

Valuation

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Market cap$1.06B-26.8%

Enterprise value$1.25B-21.1%

P/E63×—

P/S1.6×-0.5×

Profitability

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Gross margin13.3%-6.2pp

Operating margin-21.5%+22.8pp

Net margin2.5%+1.4pp

FCF margin-17.6%+929pp

Returns & leverage

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Return on equity3.6%+2.0pp

Debt / equity0.7×0.0×

Current ratio1.6×-0.4×

Where this comes from

Calculated from Sweetgreen’s reported figures.

cash and equivalents/total current liabilities=1.5×

Based on the most recent quarter.

The official record: Sweetgreen’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sweetgreen's cash ratio?: Sweetgreen (SG) reported cash ratio of 1.5× in Q1 2026.
How has Sweetgreen's cash ratio changed year-over-year?: Sweetgreen's cash ratio decreased by 17.1% year-over-year, from 1.8× to 1.5×.
What is the long-term trend for Sweetgreen's cash ratio?: Over 4 years (2021 to 2025), Sweetgreen's cash ratio has grown at a -47.0% compound annual growth rate (CAGR), from 9.9× to 0.8×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.