Sonic Automotive Inc (SAH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,885,500 | 2,811,400 | 2,916,200 | 2,511,000 | 2,520,400 | 2,241,500 | 2,297,300 | 2,301,800 | 2,206,300 | 1,757,000 | 2,070,900 | 2,060,600 | 2,084,100 | 1,471,960 | 1,719,370 | 1,780,680 | 1,882,600 | 1,652,130 | 1,739,100 | 2,129,790 |
| 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 |
| Current ratio | 1.09 | 1.11 | 1.10 | 1.09 | 1.10 | 1.12 | 1.15 | 1.12 | 1.20 | 1.02 | 1.10 | 1.10 | 1.10 | 1.03 | 1.05 | 1.00 | 1.03 | 1.01 | 0.99 | 1.06 |
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 relatively stable trends over the past few years. The ratio fluctuated within a range of 0.99 to 1.20 during the period from March 31, 2020, to December 31, 2024. A current ratio of 1.0 or higher generally indicates that a company has sufficient current assets to cover its current liabilities, suggesting reasonable liquidity levels.
Sonic Automotive Inc's current ratio remained above 1.0 for most quarters, indicating that the company has typically had enough current assets to meet its short-term obligations. The ratio peaked at 1.20 on December 31, 2022, suggesting a stronger liquidity position at that time. Additionally, a current ratio of 1.10 on multiple occasions, such as June 30, 2022, and December 31, 2022, September 30, 2024, indicates consistent liquidity strength.
Overall, Sonic Automotive Inc's current ratio performance suggests that the company has maintained a relatively healthy liquidity position throughout the analyzed period. Investors and stakeholders may view this stability positively as it indicates the company's ability to comfortably cover its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2024