Sun Communities Balance Sheet Health
Financial Health criteria checks 1/6
Sun Communities has a total shareholder equity of $7.8B and total debt of $7.7B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are $17.6B and $9.8B respectively. Sun Communities's EBIT is $606.6M making its interest coverage ratio 1.9. It has cash and short-term investments of $40.8M.
Key information
97.8%
Debt to equity ratio
US$7.67b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$40.80m |
| Equity | US$7.84b |
| Total liabilities | US$9.77b |
| Total assets | US$17.61b |
Recent financial health updates
No updates
Recent updates
Sun Communities: Attractive Growth, But Valuation Creates A Risk
Nov 07Sun Communities: UK Woes Present Opportunity For Long-Term Investors
Oct 17Manufactured Housing: The Sun Will Rise Again
Aug 25Sun Communities: A 'Buy" For The First Time In Almost A Year
Aug 19Sun Communities: Solid Company In A Market With Growing Demand
Jun 01Sun Communities: I'm Adding This 'Safe Harbor' REIT To My SWAN Portfolio
Feb 22Sun Communities Q3 2022 Earnings Preview
Oct 23Sun Communities declares $0.88 dividend
Sep 01I Buy More As Sun Communities Falls
Aug 25Sun Communities: Capitalizing On Affordable Housing And Recreational Opportunities
Aug 10Is Now The Time To Put Sun Communities (NYSE:SUI) On Your Watchlist?
Jul 26
Sun Communities GAAP EPS of $0.61, revenue of $814.3M
Jul 25Buying More: Beastly Growth On Sale At Sun Communities
May 11Manufactured Housing: Affordable Prices For Elite REITs
Apr 18Does Sun Communities (NYSE:SUI) Deserve A Spot On Your Watchlist?
Apr 14Affordable Housing Dividends With Sun Communities
Mar 27Sun Communities: A Fantastic REIT That Is Still A Little Too Rich For My Blood
Feb 20Sun Communities: A Closer Look At The Top REIT In Manufactured Housing
Feb 08Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today
Dec 27Sun Communities: Park Holidays Acquisition Is A Key Positive
Dec 02With EPS Growth And More, Sun Communities (NYSE:SUI) Is Interesting
Sep 26Sun Communities Is A High-Quality REIT
Sep 22Brokers Are Upgrading Their Views On Sun Communities, Inc. (NYSE:SUI) With These New Forecasts
Jul 28Sun Communities Vs. Equity LifeStyle: Which Is A Better Investment?
Jul 18Sun Communities prices $600M senior notes
Jun 17Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today
Jun 17Sun Communities files new $500M shelf registration
Jun 04Financial Position Analysis
Short Term Liabilities: SUI's short term assets ($1.1B) exceed its short term liabilities ($502.5M).
Long Term Liabilities: SUI's short term assets ($1.1B) do not cover its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: SUI's net debt to equity ratio (97.3%) is considered high.
Reducing Debt: SUI's debt to equity ratio has increased from 91.4% to 97.8% over the past 5 years.
Debt Coverage: SUI's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: SUI's interest payments on its debt are not well covered by EBIT (1.9x coverage).