Sun Communities (FRA:SCZ) Debt-to-Asset : 0.46 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Sun Communities Debt-to-Asset?

Sun Communities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,543 Mil. Sun Communities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €5,700 Mil. Sun Communities's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €15,744 Mil. Sun Communities's debt to asset for the quarter that ended in Mar. 2024 was 0.46.

Sun Communities Debt-to-Asset Historical Data

The historical data trend for Sun Communities's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sun Communities Debt-to-Asset Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

Get a 7-Day Free Trial

0.43

0.42

0.46

Sun Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.43	0.43	0.43	0.46	0.46

Competitive Comparison of Sun Communities's Debt-to-Asset

For the REIT - Residential subindustry, Sun Communities's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sun Communities's Debt-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sun Communities's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sun Communities's Debt-to-Asset falls into.

Sun Communities Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sun Communities's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1893.697	+	5238.087)	/	15534.622
	=	0.46

Sun Communities's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1542.564	+	5699.676)	/	15744.236
	=	0.46

Sun Communities (FRA:SCZ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sun Communities Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Sun Communities's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sun Communities (FRA:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (FRA:SCZ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SUI:USA S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.