Sun Communities Balance Sheet Health
Financial Health criteria checks 1/6
Sun Communities has a total shareholder equity of $7.6B and total debt of $7.3B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are $17.1B and $9.5B respectively. Sun Communities's EBIT is $542.3M making its interest coverage ratio 1.5. It has cash and short-term investments of $87.5M.
Key information
96.8%
Debt to equity ratio
US$7.33b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$87.50m |
| Equity | US$7.58b |
| Total liabilities | US$9.51b |
| Total assets | US$17.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCZ's short term assets ($809.5M) exceed its short term liabilities ($521.6M).
Long Term Liabilities: SCZ's short term assets ($809.5M) do not cover its long term liabilities ($9.0B).
Debt to Equity History and Analysis
Debt Level: SCZ's net debt to equity ratio (95.6%) is considered high.
Reducing Debt: SCZ's debt to equity ratio has increased from 89% to 96.8% over the past 5 years.
Debt Coverage: SCZ's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: SCZ's interest payments on its debt are not well covered by EBIT (1.5x coverage).