Chegg Balance Sheet Health
Financial Health criteria checks 3/6
Chegg has a total shareholder equity of $185.0M and total debt of $601.5M, which brings its debt-to-equity ratio to 325.1%. Its total assets and total liabilities are $1.0B and $817.7M respectively. Chegg's EBIT is $43.2M making its interest coverage ratio -1.2. It has cash and short-term investments of $361.1M.
Key information
325.1%
Debt to equity ratio
US$601.46m
Debt
| Interest coverage ratio | -1.2x |
| Cash | US$361.08m |
| Equity | US$184.98m |
| Total liabilities | US$817.69m |
| Total assets | US$1.00b |
Recent financial health updates
Is Chegg (NYSE:CHGG) A Risky Investment?
Jul 24
Does Chegg (NYSE:CHGG) Have A Healthy Balance Sheet?
Apr 05Does Chegg (NYSE:CHGG) Have A Healthy Balance Sheet?
Sep 21Is Chegg (NYSE:CHGG) A Risky Investment?
Jun 22Chegg (NYSE:CHGG) Has A Pretty Healthy Balance Sheet
Mar 05Recent updates
Chegg Stock: Crisis Mode Opportunity
Nov 19Chegg Is Now A Deep Value Candidate, Following 98% Price Implosion
Oct 01Why Investors Shouldn't Be Surprised By Chegg, Inc.'s (NYSE:CHGG) 29% Share Price Plunge
Sep 26Chegg: AI Turnaround In The Works
Aug 06Is Chegg (NYSE:CHGG) A Risky Investment?
Jul 24Chegg, Inc. (NYSE:CHGG) Looks Inexpensive After Falling 38% But Perhaps Not Attractive Enough
Jun 19Should You Investigate Chegg, Inc. (NYSE:CHGG) At US$3.04?
Jun 14Chegg: Stay Conservative Until It Reports Positive Subscriber Growth
May 15Falling Behind: Chegg's Strategic Blunders In The AI Race
Apr 23Does Chegg (NYSE:CHGG) Have A Healthy Balance Sheet?
Apr 05The Steep Learning Curve Chegg Is Trying To Climb
Feb 06Pinning Down Chegg, Inc.'s (NYSE:CHGG) P/S Is Difficult Right Now
Jan 19Chegg's Cheap Valuation Is Deceiving
Nov 01When Should You Buy Chegg, Inc. (NYSE:CHGG)?
Oct 31Chegg, Inc: Concerning Business Outlook And Uncertain AI Prospects
Oct 05Does Chegg (NYSE:CHGG) Have A Healthy Balance Sheet?
Sep 21You Ask Chegg Answers: Potential Top AI Investment
Sep 08Surprise Surprise! Chegg Becomes A Generative AI Play
Aug 08At US$10.10, Is It Time To Put Chegg, Inc. (NYSE:CHGG) On Your Watch List?
Jul 28Chegg: New Personalized AI Tutor For College Could Be Killer App
Jun 29Is Chegg (NYSE:CHGG) A Risky Investment?
Jun 22Chegg: AI Loser Could Turn Into Big Winner
Jun 14Chegg, Inc.'s (NYSE:CHGG) Intrinsic Value Is Potentially 99% Above Its Share Price
May 20Investors Don't See Light At End Of Chegg, Inc.'s (NYSE:CHGG) Tunnel And Push Stock Down 42%
May 05Is It Time To Consider Buying Chegg, Inc. (NYSE:CHGG)?
Apr 18Chegg (NYSE:CHGG) Has A Pretty Healthy Balance Sheet
Mar 05Chegg enters $150M accelerated share repurchase agreement
Feb 24Chegg Q4 2022 Earnings Preview
Feb 05At US$24.53, Is It Time To Put Chegg, Inc. (NYSE:CHGG) On Your Watch List?
Jan 12An Intrinsic Calculation For Chegg, Inc. (NYSE:CHGG) Suggests It's 29% Undervalued
Dec 05Financial Position Analysis
Short Term Liabilities: CHGG's short term assets ($496.5M) do not cover its short term liabilities ($545.8M).
Long Term Liabilities: CHGG's short term assets ($496.5M) exceed its long term liabilities ($271.9M).
Debt to Equity History and Analysis
Debt Level: CHGG's net debt to equity ratio (130%) is considered high.
Reducing Debt: CHGG's debt to equity ratio has increased from 189.4% to 325.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CHGG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CHGG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.1% per year.