SunCar Technology Group (SunCar Technology Group) Debt-to-Asset : 0.38 (As of Dec. 2023)

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What is SunCar Technology Group Debt-to-Asset?

SunCar Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $83.8 Mil. SunCar Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. SunCar Technology Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $223.2 Mil. SunCar Technology Group's debt to asset for the quarter that ended in Dec. 2023 was 0.38.

SunCar Technology Group Debt-to-Asset Historical Data

The historical data trend for SunCar Technology Group'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.

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SunCar Technology Group Debt-to-Asset Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.29

0.32

0.39

0.38

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.32	0.43	0.39	0.39	0.38

Competitive Comparison of SunCar Technology Group's Debt-to-Asset

For the Auto & Truck Dealerships subindustry, SunCar Technology Group'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.

SunCar Technology Group's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SunCar Technology Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where SunCar Technology Group's Debt-to-Asset falls into.

SunCar Technology Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SunCar Technology Group'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
	=	(83.777	+	0.504)	/	223.235
	=	0.38

SunCar Technology Group's Debt-to-Asset for the quarter 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
	=	(83.777	+	0.504)	/	223.235
	=	0.38

SunCar Technology Group (NAS:SDA) 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.

SunCar Technology Group Debt-to-Asset Related Terms

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.