Sun Communities Balance Sheet Health
Financial Health criteria checks 1/6
Sun Communities has a total shareholder equity of $7.2B and total debt of $8.1B, which brings its debt-to-equity ratio to 113.5%. Its total assets and total liabilities are $16.9B and $9.8B respectively. Sun Communities's EBIT is $622.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $40.9M.
Key information
113.5%
Debt to equity ratio
US$8.14b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$40.90m |
| Equity | US$7.17b |
| Total liabilities | US$9.77b |
| Total assets | US$16.94b |
Recent financial health updates
No updates
Recent updates
Sun Communities: Growth At A High Price
Mar 05Sun Communities: Reversal Has Come
Dec 18Safety, Growth And Income - Sun Communities Is A Top-Tier REIT
Nov 29Sun 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 02Financial Position Analysis
Short Term Liabilities: SUI's short term assets ($737.8M) exceed its short term liabilities ($657.2M).
Long Term Liabilities: SUI's short term assets ($737.8M) do not cover its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: SUI's net debt to equity ratio (113%) is considered high.
Reducing Debt: SUI's debt to equity ratio has increased from 96.7% to 113.5% over the past 5 years.
Debt Coverage: SUI's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: SUI's interest payments on its debt are not well covered by EBIT (1.9x coverage).