Sovos Brands, Inc. financial data

Industry
Food and Kindred Products
Location
168 Centennial Parkway, Suite 200, Louisville, Colorado
State of incorporation
Delaware
Fiscal year end
July 28
Latest financial report
10-K - Q4 2023 - Feb 28, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 304 % +29.5%
Quick Ratio 74.1 % +6.57%
Debt-to-equity 135 % -1.1%
Return On Equity 5.95 %
Return On Assets 2.54 %
Operating Margin 7.89 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 102M shares +1.64%
Common Stock, Shares, Outstanding 101M shares +0.48%
Entity Public Float 1.07B USD +142%
Common Stock, Value, Issued 101K USD 0%
Weighted Average Number of Shares Outstanding, Basic 101M shares +0.38%
Weighted Average Number of Shares Outstanding, Diluted 103M shares +2.21%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.02B USD +16.2%
Operating Income (Loss) 80.6M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 46.5M USD
Income Tax Expense (Benefit) 16.3M USD
Net Income (Loss) Attributable to Parent 30.2M USD
Earnings Per Share, Basic 0.3 USD/shares
Earnings Per Share, Diluted 0.29 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 232M USD +67.3%
Accounts Receivable, after Allowance for Credit Loss, Current 97.7M USD +11.4%
Inventory, Net 95.5M USD +3.15%
Assets, Current 433M USD +30.8%
Property, Plant and Equipment, Net 64.7M USD +0.59%
Operating Lease, Right-of-Use Asset 11.4M USD -14.1%
Intangible Assets, Net (Excluding Goodwill) 329M USD -6.38%
Goodwill 395M USD 0%
Other Assets, Noncurrent 1.31M USD -60%
Assets 1.23B USD +6.57%
Accounts Payable, Current 64.5M USD +30.9%
Employee-related Liabilities, Current 29.1M USD +67.8%
Accrued Liabilities, Current 81.4M USD +16.9%
Liabilities, Current 149M USD +22.1%
Long-term Debt and Lease Obligation 484M USD +0.3%
Deferred Income Tax Liabilities, Net 60.2M USD -5.48%
Operating Lease, Liability, Noncurrent 11.4M USD -19%
Other Liabilities, Noncurrent 346K USD -28.4%
Liabilities 705M USD +3.25%
Accumulated Other Comprehensive Income (Loss), Net of Tax 882K USD -43.1%
Retained Earnings (Accumulated Deficit) -73.1M USD +29.2%
Stockholders' Equity Attributable to Parent 530M USD +11.3%
Liabilities and Equity 1.23B USD +6.57%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 17.2M USD +53.4%
Net Cash Provided by (Used in) Financing Activities -20K USD +16.7%
Net Cash Provided by (Used in) Investing Activities -2.17M USD +69.7%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 101M shares +0.48%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 232M USD +67.3%
Interest Paid, Excluding Capitalized Interest, Operating Activities 9.97M USD +68%
Deferred Tax Assets, Valuation Allowance 0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 14.7M USD -15.6%
Payments to Acquire Property, Plant, and Equipment 2.17M USD -69.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 29.5M USD
Lessee, Operating Lease, Liability, to be Paid 17M USD -16.8%
Operating Lease, Liability, Current 3.28M USD -1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.18M USD -8.96%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.91M USD -3.64%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) 758K USD +148%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2.37M USD -23.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 3.02M USD +1.21%
Deferred Tax Assets, Operating Loss Carryforwards 560K USD -86.1%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 191K USD -39.4%
Lessee, Operating Lease, Liability, to be Paid, Year Four 3.06M USD +1.96%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 22.4M USD -17.6%
Depreciation, Depletion and Amortization 8.47M USD -11.4%
Deferred Tax Assets, Net of Valuation Allowance 24.1M USD -10.9%
Share-based Payment Arrangement, Expense 24.5M USD +32.7%
Interest Expense 30.7M USD -14.7%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%