Sovos Brands Balance Sheet Health
Financial Health criteria checks 2/6
Sovos Brands has a total shareholder equity of $530.0M and total debt of $476.4M, which brings its debt-to-equity ratio to 89.9%. Its total assets and total liabilities are $1.2B and $705.0M respectively. Sovos Brands's EBIT is $97.8M making its interest coverage ratio 2.9. It has cash and short-term investments of $233.8M.
Key information
89.9%
Debt to equity ratio
US$476.43m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$233.81m |
| Equity | US$529.99m |
| Total liabilities | US$704.99m |
| Total assets | US$1.23b |
Recent financial health updates
Recent updates
What Sovos Brands, Inc.'s (NASDAQ:SOVO) 27% Share Price Gain Is Not Telling You
Sep 01
Sovos Brands, Inc. (NASDAQ:SOVO) Shares Could Be 36% Below Their Intrinsic Value Estimate
Jun 26Returns At Sovos Brands (NASDAQ:SOVO) Are On The Way Up
May 08Calculating The Fair Value Of Sovos Brands, Inc. (NASDAQ:SOVO)
Feb 08Sovos Brands, Inc.'s (NASDAQ:SOVO) Intrinsic Value Is Potentially 77% Above Its Share Price
Oct 25Sovos Brands: Strong Growth Continues
Oct 04Sovos Brands 8.5M share secondary priced at $14.00
Aug 11Sovos Brands Non-GAAP EPS of $0.13 beats by $0.04, revenue of $197.4M beats by $16.44M
Aug 03Sovos Brands - Premium Packaged Foods To Fight Inflation
May 06Sovos Brands Will Continue To Execute For Shareholders
Apr 05We Think You Can Look Beyond Sovos Brands' (NASDAQ:SOVO) Lackluster Earnings
Mar 22Sovos Brands, Inc. (NASDAQ:SOVO) Shares Could Be 37% Below Their Intrinsic Value Estimate
Dec 23Sovos Brands Stock: An Attractive Prospect For Growth Investors
Dec 16Sovos Brands: Interesting Consumer Foods Play
Oct 01Financial Position Analysis
Short Term Liabilities: SOVO's short term assets ($433.0M) exceed its short term liabilities ($149.3M).
Long Term Liabilities: SOVO's short term assets ($433.0M) do not cover its long term liabilities ($555.7M).
Debt to Equity History and Analysis
Debt Level: SOVO's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: Insufficient data to determine if SOVO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SOVO's debt is well covered by operating cash flow (22.1%).
Interest Coverage: SOVO's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/11 06:44 |
| End of Day Share Price | 2024/03/11 00:00 |
| Earnings | 2023/12/30 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sovos Brands, Inc. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Lazar | Barclays |
| Peter Galbo | BofA Global Research |
| Robert Moskow | Credit Suisse |