Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
From 2021 through 2024 Sprouts’ balance sheet shows steady growth in scale with total assets rising from $2,806.4m to $3,640.7m (≈+29.8%). Growth was strongest in 2022–2023 (assets +13.8%) and continued in 2023–2024 (+9.4%). Total liabilities increased more modestly from $1,925.1m to $2,318.8m (+20.5%), while stockholders’ equity expanded markedly from $881.3m to $1,321.9m (+50.0%). Year-to-year equity gains were notable in 2023 (+19.6%) and 2024 (+15.1%), indicating retained earnings or other equity-building items outpacing debt-funded expansion. The balance-sheet mix improved: liabilities as a share of assets declined from ~68.6% in 2021 to ~63.7% in 2024, and the liabilities-to-equity ratio fell from ~2.19x to ~1.75x, reflecting a strengthening capital cushion and lower relative leverage. For a grocery/food-retail operator like Sprouts—an industry characterized by high working capital needs (inventory, receivables) and thin margins—this trend suggests the company has been growing its asset base (likely store additions, inventories, or fixed assets) while prudently managing incremental debt, improving solvency. Note the 2025 row contains zeros and appears to be missing data, so analysis focuses on 2021–2024.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.