Sonic Automotive Inc (SAH)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 44,000 | 17,600 | 67,200 | 15,100 | 28,900 | 34,600 | 119,700 | 160,200 | 229,200 | 139,000 | 327 | 360 | 299,400 | 220,100 | 239,600 | 77,200 | 170,300 | 125,739 | 115,724 | 181,780 |
| Short-term investments | US$ in thousands | — | — | 672,400 | 320,000 | 345,000 | 300,000 | 287,000 | 272,000 | 272,000 | 32,000 | 125,500 | 125,500 | 99,800 | 100,000 | 17 | 33 | 13 | 83,900 | 83,900 | 100,000 |
| Total current liabilities | US$ in thousands | 2,637,700 | 2,538,500 | 2,651,000 | 2,299,700 | 2,292,900 | 2,009,200 | 2,004,400 | 2,057,000 | 1,845,400 | 1,718,500 | 1,883,100 | 1,869,200 | 1,891,700 | 1,428,400 | 1,635,800 | 1,781,330 | 1,831,400 | 1,629,020 | 1,748,180 | 2,013,040 |
| Cash ratio | 0.02 | 0.01 | 0.28 | 0.15 | 0.16 | 0.17 | 0.20 | 0.21 | 0.27 | 0.10 | 0.07 | 0.07 | 0.21 | 0.22 | 0.15 | 0.04 | 0.09 | 0.13 | 0.11 | 0.14 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($44,000K
+ $—K)
÷ $2,637,700K
= 0.02
The cash ratio of Sonic Automotive Inc has fluctuated over the past five years, ranging from a low of 0.01 to a high of 0.28. The ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash on hand relative to its current liabilities.
In the most recent period, the cash ratio stood at 0.02 as of December 31, 2024, which suggests that the company may have limited cash reserves available to meet its short-term obligations. However, it's worth noting that the ratio has shown improvements in the past, reaching as high as 0.28 on June 30, 2024.
Analyzing the trend of the cash ratio over time can provide insights into Sonic Automotive Inc's liquidity management and financial health, highlighting any areas of concern or areas of strength in terms of its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024