SG (Sweetgreen) Debt-to-Equity: 0.76 (As of Jun. 2026) — 12% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SG Sweetgreen Inc SG
65 GF Score
Price $6.79
GF Value $13.40
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Sweetgreen Debt-to-Equity?

Sweetgreen SG -0.88% 65 Debt-to-Equity is 0.76 as of Jun. 2026, which is 12% above its 10-year median of 0.68. GuruFocus rates SG with a GF Score™ of 65/100 and a GF Value™ of $13.40 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 318 Restaurants companies, Sweetgreen ranks better than 54.4% on this metric.

Sweetgreen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $42.3 Mil. Sweetgreen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $313.1 Mil. Sweetgreen's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $467.6 Mil. Sweetgreen's debt to equity for the quarter that ended in Jun. 2026 was 0.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sweetgreen's Debt-to-Equity or its related term are showing as below:

SG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56   Med: 0.68   Max: 1
Current: 0.76

During the past 7 years, the highest Debt-to-Equity Ratio of Sweetgreen was 1.00. The lowest was 0.56. And the median was 0.68.

SG's Debt-to-Equity is ranked better than
54.4% of 318 companies
in the Restaurants industry
Industry Median: 0.89 vs SG: 0.76

Sweetgreen  (NYSE:SG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Sweetgreen Debt-to-Equity Related Terms


Sweetgreen Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Sweetgreen's Debt-to-Equity 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.

Sweetgreen Debt-to-Equity Chart

Sweetgreen Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial 0.00 0.56 0.63 0.74 1.00

Sweetgreen Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.91 1.00 0.73 0.76

SG vs BLMN, FWRG, CNNE: Debt-to-Equity Comparison

For the Restaurants subindustry, Sweetgreen's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Sweetgreen's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sweetgreen's Debt-to-Equity falls into.


SG
65GF Score
Sweetgreen Inc SG
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sweetgreen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sweetgreen's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Sweetgreen's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.76 mean?
Sweetgreen (SG) has a Debt-to-Equity of 0.76 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sweetgreen and its competitors. This is 12% above median its historical median of 0.68. Over the past decade, Sweetgreen's Debt-to-Equity has ranged from 0.56 to 1.00. According to the industry distribution chart, Sweetgreen ranks #145 out of 318 companies in the Restaurants industry, placing it in the top 45.6%.
Is Sweetgreen's Debt-to-Equity too high?
Sweetgreen's current Debt-to-Equity of 0.76 is 12% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.00. The Restaurants industry median Debt-to-Equity is 0.89. Sweetgreen's value of 0.76 is 14.6% below this industry median. Based on the distribution chart, Sweetgreen ranks #145 out of 318 companies in the Restaurants industry, which is above the industry midpoint. Overall, Sweetgreen has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sweetgreen's Debt-to-Equity compare to BLMN and FWRG?
According to the Restaurants industry distribution chart, Sweetgreen ranks #145 out of 318 companies for Debt-to-Equity. This puts Sweetgreen in the upper half of its industry. The industry median Debt-to-Equity is 0.89. Sweetgreen's value of 0.76 is 14.6% below this benchmark. Historically, Sweetgreen's own Debt-to-Equity has ranged from 0.56 to 1.00 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.89, Sweetgreen has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Restaurants company?
The median Debt-to-Equity among Restaurants companies is 0.89, based on 318 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sweetgreen's current Debt-to-Equity of 0.76 is 14.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sweetgreen and its competitors. For the Restaurants industry, the median Debt-to-Equity is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sweetgreen's current Debt-to-Equity is 0.76, which is 12% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sweetgreen stock overvalued right now?
Based on GuruFocus' analysis, Sweetgreen (SG) is currently considered Possible Value Trap. The stock's GF Value™ is $13.40, compared to a current price of $6.79 — trading 49.3% below its estimated fair value. The current Debt-to-Equity is 0.76, which is 12% above median its 10-year median of 0.68 and 14.6% below the Restaurants industry median of 0.89. Sweetgreen's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sweetgreen (SG), the current Debt-to-Equity is 0.76 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sweetgreen (SG) Overvalued in 2026?

Based on GuruFocus' analysis, Sweetgreen stock appears to be undervalued. The current stock price of $6.79 is trading 49.3% below its estimated GF Value™ of $13.40. GuruFocus considers Sweetgreen to be Possible Value Trap.

Key valuation signals for SG:

  • Debt-to-Equity: 0.76 (12% above median its 10-year median of 0.68)
  • GF Value™: $13.40 vs. price of $6.79 (49.3% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 14.6% below the Restaurants median (#145 of 318)

No single metric tells the full story. See the SG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sweetgreen Business Description

Address 3102 36th Street, Los Angeles, CA, USA, 90018
Sweetgreen Inc is a mission-driven, next-generation restaurant and lifestyle brand that serves healthy food at scale. Its bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing. Its menu involves, Kids' meal, salads, sides, local items, Protein Plates, Desserts, Drinks and Others.
65GF Score

Get the complete analysis for SG

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.79
Price
$13.40
GF Value