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 ratio1.9x
CashUS$40.80m
EquityUS$7.84b
Total liabilitiesUS$9.77b
Total assetsUS$17.61b

Recent financial health updates

No updates

Recent updates

Sun Communities: Attractive Growth, But Valuation Creates A Risk

Nov 07

Sun Communities: UK Woes Present Opportunity For Long-Term Investors

Oct 17

Manufactured Housing: The Sun Will Rise Again

Aug 25

Sun Communities: A 'Buy" For The First Time In Almost A Year

Aug 19

Sun Communities: Solid Company In A Market With Growing Demand

Jun 01

Sun Communities: I'm Adding This 'Safe Harbor' REIT To My SWAN Portfolio

Feb 22

Sun Communities Q3 2022 Earnings Preview

Oct 23

Sun Communities declares $0.88 dividend

Sep 01

I Buy More As Sun Communities Falls

Aug 25

Sun Communities: Capitalizing On Affordable Housing And Recreational Opportunities

Aug 10

Is Now The Time To Put Sun Communities (NYSE:SUI) On Your Watchlist?

Jul 26
Is Now The Time To Put Sun Communities (NYSE:SUI) On Your Watchlist?

Sun Communities GAAP EPS of $0.61, revenue of $814.3M

Jul 25

Buying More: Beastly Growth On Sale At Sun Communities

May 11

Manufactured Housing: Affordable Prices For Elite REITs

Apr 18

Does Sun Communities (NYSE:SUI) Deserve A Spot On Your Watchlist?

Apr 14
Does Sun Communities (NYSE:SUI) Deserve A Spot On Your Watchlist?

Affordable Housing Dividends With Sun Communities

Mar 27

Sun Communities: A Fantastic REIT That Is Still A Little Too Rich For My Blood

Feb 20

Sun Communities: A Closer Look At The Top REIT In Manufactured Housing

Feb 08

Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today

Dec 27
Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today

Sun Communities: Park Holidays Acquisition Is A Key Positive

Dec 02

With EPS Growth And More, Sun Communities (NYSE:SUI) Is Interesting

Sep 26
With EPS Growth And More, Sun Communities (NYSE:SUI) Is Interesting

Sun Communities Is A High-Quality REIT

Sep 22

Brokers Are Upgrading Their Views On Sun Communities, Inc. (NYSE:SUI) With These New Forecasts

Jul 28
Brokers Are Upgrading Their Views On Sun Communities, Inc. (NYSE:SUI) With These New Forecasts

Sun Communities Vs. Equity LifeStyle: Which Is A Better Investment?

Jul 18

Sun Communities prices $600M senior notes

Jun 17

Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today

Jun 17
Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today

Sun Communities files new $500M shelf registration

Jun 04

Financial 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).


Balance Sheet


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