Sonic Automotive (FRA:SA8A) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

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What is Sonic Automotive LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Sonic Automotive's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Sonic Automotive's long-term debt to total assets ratio declined from Mar. 2023 (0.41) to Mar. 2024 (0.39). It may suggest that Sonic Automotive is progressively becoming less dependent on debt to grow their business.

Sonic Automotive LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sonic Automotive's LT-Debt-to-Total-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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Sonic Automotive LT-Debt-to-Total-Asset Chart

Sonic Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.27

0.38

0.43

0.39

Sonic Automotive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.41	0.41	0.39	0.39

Sonic Automotive LT-Debt-to-Total-Asset Calculation

Sonic Automotive's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1916.713	/	4919.338
	=	0.39

Sonic Automotive's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1945.432	/	4974.992
	=	0.39

Sonic Automotive (FRA:SA8A) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Sonic Automotive LT-Debt-to-Total-Asset Related Terms

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Sonic Automotive (FRA:SA8A) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sonic Automotive Inc (FRA:SA8A) » Definitions » LT-Debt-to-Total-Asset

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SAH:USA

Address

4401 Colwick Road, Charlotte, NC, USA, 28211

Website

https://www.sonicautomotive.com

Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

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