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
Sun Communities Is A Bargain After Bad Quarter
Nov 10Sun Communities: Covered Calls Can Compensate Low Leverage (Rating Downgrade)
Sep 23Fun In The Sun (Communities)
Jul 09Sun 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 25Financial Position Analysis
Short Term Liabilities: SUI's short term assets ($809.5M) exceed its short term liabilities ($521.6M).
Long Term Liabilities: SUI's short term assets ($809.5M) do not cover its long term liabilities ($9.0B).
Debt to Equity History and Analysis
Debt Level: SUI's net debt to equity ratio (95.6%) is considered high.
Reducing Debt: SUI's debt to equity ratio has increased from 89% to 96.8% over the past 5 years.
Debt Coverage: SUI's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: SUI's interest payments on its debt are not well covered by EBIT (1.5x coverage).