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.
Peer comparison
Dec 31, 2024