Sonic Automotive Inc (SAH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,885,500 | 2,520,400 | 2,206,300 | 2,084,100 | 1,882,600 |
| Total current liabilities | US$ in thousands | 2,637,700 | 2,292,900 | 1,845,400 | 1,891,700 | 1,831,400 |
| Current ratio | 1.09 | 1.10 | 1.20 | 1.10 | 1.03 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,885,500K ÷ $2,637,700K
= 1.09
The current ratio of Sonic Automotive Inc has shown a gradual improvement over the last five years, increasing from 1.03 in December 31, 2020 to 1.09 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has strengthened over time. However, the ratio did experience fluctuations within this period, reaching a peak of 1.20 in December 31, 2022. Overall, Sonic Automotive Inc has maintained a current ratio above 1, suggesting a generally healthy financial position in terms of liquidity and short-term solvency.
Peer comparison
Dec 31, 2024