Sweetgreen (Sweetgreen) Effective Interest Rate on Debt % : 0.03% (As of Mar. 2024)

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What is Sweetgreen Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Sweetgreen's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.1 Mil. Sweetgreen's average total debt for the quarter that ended in Mar. 2024 was $303.6 Mil. Therefore, Sweetgreen's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.03%.

Sweetgreen Effective Interest Rate on Debt % Historical Data

The historical data trend for Sweetgreen's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sweetgreen Effective Interest Rate on Debt % Chart

Sweetgreen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.03

0.04

Sweetgreen Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											0.03	0.02	0.03	0.09	0.03

Competitive Comparison of Sweetgreen's Effective Interest Rate on Debt %

For the Restaurants subindustry, Sweetgreen's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sweetgreen's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Sweetgreen's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sweetgreen's Effective Interest Rate on Debt % falls into.

Sweetgreen Effective Interest Rate on Debt % Calculation

Sweetgreen's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.128	/	( (300.739	+	302.865)	/ 2 )
=	-1 * -0.128	/	301.802
=	0.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	271.097	+	29.642
=	300.739

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	271.439	+	31.426
=	302.865

Sweetgreen's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.076	/	( (302.865	+	304.401)	/ 2 )
=	-1 * -0.076	/	303.633
=	0.03 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	271.439	+	31.426
=	302.865

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	272.053	+	32.348
=	304.401

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sweetgreen (NYSE:SG) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Sweetgreen Effective Interest Rate on Debt % Related Terms

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Sweetgreen (Sweetgreen) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sweetgreen Inc (NYSE:SG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3102 36th Street, Los Angeles, CA, USA, 90018

Website

https://www.sweetgreen.com

Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.

Executives

Jonathan Neman	director, officer: Chief Executive Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nicolas Jammet	director, officer: Chief Concept Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nathaniel Ru	director, officer: Chief Brand Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Adrienne Gemperle	officer: Chief People Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
James Mcphail	officer: Chief Development Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Mitch Reback	officer: Chief Financial Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Wouleta Ayele	officer: Chief Technology Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Daniel Shlossman	officer: SVP, Digital and Growth	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Chris Carr	officer: Chief Operating Officer	7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Clifford Burrows	director	2401 UTAH AVE. S., SUITE 800, SEATTLE WA 98134
Valerie B Jarrett	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Julie Bornstein	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Bradley E Singer	director	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Youngme E Moon	director	75 NETWORK DRIVE, BURLINGTON MA 01803
Stephen M Case	director	1717 RHODE ISLAND AVENUE, N.W., 9TH FLOOR, WASHINGTON DC 20036