SunCar Technology Group (SunCar Technology Group) Equity-to-Asset : 0.07 (As of Dec. 2023)

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What is SunCar Technology Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SunCar Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.1 Mil. SunCar Technology Group's Total Assets for the quarter that ended in Dec. 2023 was $223.2 Mil.

The historical rank and industry rank for SunCar Technology Group's Equity-to-Asset or its related term are showing as below:

SDA' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.1 Med: -0.01 Max: 0.07
Current: 0.07

During the past 4 years, the highest Equity to Asset Ratio of SunCar Technology Group was 0.07. The lowest was -0.10. And the median was -0.01.

SDA's Equity-to-Asset is ranked worse than
94.73% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 0.465 vs SDA: 0.07

SunCar Technology Group Equity-to-Asset Historical Data

The historical data trend for SunCar Technology Group's Equity-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.

SunCar Technology Group Equity-to-Asset Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.01

-0.10

-0.03

0.07

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-0.10	0.01	-0.03	0.04	0.07

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

For the Auto & Truck Dealerships subindustry, SunCar Technology Group's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution in the Vehicles & Parts Industry

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

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

SunCar Technology Group Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

SunCar Technology Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	16.078	/	223.235
	=	0.07

SunCar Technology Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	16.078	/	223.235
	=

SunCar Technology Group (NAS:SDA) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

SunCar Technology Group Equity-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 » Equity-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.