Sonic Automotive Inc (SAH)

Debt-to-assets 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
Long-term debt US$ in thousands 1,511,900 1,578,200 1,602,300 1,583,400 1,616,500 1,623,100 1,629,500 1,650,800 1,672,200 1,442,400 1,462,000 1,493,200 1,510,700 637,774 634,712 637,377 651,800 669,684 677,488 830,839
Total assets US$ in thousands 5,895,700 5,758,200 5,804,200 5,407,600 5,364,600 5,050,300 5,081,600 5,148,000 4,978,300 4,828,300 5,023,500 5,006,200 4,975,100 3,505,960 3,656,340 3,692,230 3,746,000 3,503,920 3,595,420 3,976,740
Debt-to-assets ratio 0.26 0.27 0.28 0.29 0.30 0.32 0.32 0.32 0.34 0.30 0.29 0.30 0.30 0.18 0.17 0.17 0.17 0.19 0.19 0.21

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 shown a decreasing trend from 0.21 as of March 31, 2020, to 0.26 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its assets over the period under review. However, there was a slight increase in the ratio in the most recent period, reaching 0.26 as of December 31, 2024, compared to 0.27 as of September 30, 2024. Overall, the decreasing trend in the debt-to-assets ratio suggests that Sonic Automotive Inc has been managing its debt levels effectively relative to its asset base.