Sonic Automotive Inc (SAH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,511,900 | 1,616,500 | 1,672,200 | 1,510,700 | 651,800 |
| Total assets | US$ in thousands | 5,895,700 | 5,364,600 | 4,978,300 | 4,975,100 | 3,746,000 |
| Debt-to-assets ratio | 0.26 | 0.30 | 0.34 | 0.30 | 0.17 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,511,900K ÷ $5,895,700K
= 0.26
The debt-to-assets ratio of Sonic Automotive Inc has been fluctuating over the past five years. As of December 31, 2020, the ratio stood at 0.17, indicating that only 17% of the company's assets were financed by debt. However, by December 31, 2022, the ratio had increased to 0.34, suggesting a higher reliance on debt to finance assets. Subsequently, by the end of 2024, the ratio had declined to 0.26, indicating a decrease in the proportion of assets funded by debt compared to 2022. Overall, Sonic Automotive Inc's debt-to-assets ratio has shown variability, implying shifts in the company's debt management strategies and financial leverage.
Peer comparison
Dec 31, 2024