Sonic Automotive Balance Sheet Health
Financial Health criteria checks 2/6
Sonic Automotive has a total shareholder equity of $891.9M and total debt of $3.3B, which brings its debt-to-equity ratio to 375.5%. Its total assets and total liabilities are $5.4B and $4.5B respectively. Sonic Automotive's EBIT is $510.0M making its interest coverage ratio 2.8. It has cash and short-term investments of $374.9M.
Key information
375.5%
Debt to equity ratio
US$3.35b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$374.90m |
| Equity | US$891.90m |
| Total liabilities | US$4.47b |
| Total assets | US$5.36b |
Recent financial health updates
Does Sonic Automotive (NYSE:SAH) Have A Healthy Balance Sheet?
Feb 12
Sonic Automotive (NYSE:SAH) Use Of Debt Could Be Considered Risky
Sep 23Is Sonic Automotive (NYSE:SAH) A Risky Investment?
Jun 11Is Sonic Automotive (NYSE:SAH) Using Too Much Debt?
Feb 14Does Sonic Automotive (NYSE:SAH) Have A Healthy Balance Sheet?
Oct 13Is Sonic Automotive (NYSE:SAH) Using Too Much Debt?
Jul 07Recent updates
Sonic Automotive (NYSE:SAH) Is Experiencing Growth In Returns On Capital
Mar 21Does Sonic Automotive (NYSE:SAH) Have A Healthy Balance Sheet?
Feb 12Sonic Automotive: Despite Issues, Shares Still Offer Upside
Feb 11Investors Holding Back On Sonic Automotive, Inc. (NYSE:SAH)
Jan 02Sonic Automotive's (NYSE:SAH) Upcoming Dividend Will Be Larger Than Last Year's
Dec 08Sonic Automotive (NYSE:SAH) Will Pay A Larger Dividend Than Last Year At $0.30
Nov 23Sonic Automotive: Watch Q4 Outlook And Potential Acquisitions (Rating Upgrade)
Nov 14Sonic Automotive (NYSE:SAH) Is Increasing Its Dividend To $0.30
Oct 30The Return Trends At Sonic Automotive (NYSE:SAH) Look Promising
Oct 18Sonic Automotive (NYSE:SAH) Use Of Debt Could Be Considered Risky
Sep 23Sonic Automotive: Uncertain Near-Term Outlook
Aug 31Sonic Automotive: Capital Allocation And EchoPark Breakeven In The Limelight
Aug 07Is Sonic Automotive (NYSE:SAH) A Risky Investment?
Jun 11Sonic Automotive: Consider Near-Term Outlook And Financial Strength
May 29We Like Sonic Automotive's (NYSE:SAH) Returns And Here's How They're Trending
Apr 28What Is Sonic Automotive, Inc.'s (NYSE:SAH) Share Price Doing?
Apr 09Sonic Automotive Q4 2022 Earnings Preview
Feb 14Is Sonic Automotive (NYSE:SAH) Using Too Much Debt?
Feb 14Investors Shouldn't Overlook Sonic Automotive's (NYSE:SAH) Impressive Returns On Capital
Jan 11Sonic Automotive: Aggressive Buybacks Should Limit Share Price Downside
Jan 02Is It Too Late To Consider Buying Sonic Automotive, Inc. (NYSE:SAH)?
Dec 28Here's Why We Think Sonic Automotive (NYSE:SAH) Might Deserve Your Attention Today
Dec 15Sonic Automotive's (NYSE:SAH) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 04Sonic Automotive Q3 2022 Earnings Preview
Oct 26Sonic Automotive Should Still Outperform
Oct 19Does Sonic Automotive (NYSE:SAH) Have A Healthy Balance Sheet?
Oct 13The Return Trends At Sonic Automotive (NYSE:SAH) Look Promising
Sep 30Is There Now An Opportunity In Sonic Automotive, Inc. (NYSE:SAH)?
Sep 16Sonic automotive opens a new retail hub in Roseville near Sacramento, California
Sep 07We Ran A Stock Scan For Earnings Growth And Sonic Automotive (NYSE:SAH) Passed With Ease
Sep 03Sonic Automotive opens first EcoPark's delivery centre in Tulsa
Aug 31Sonic Automotive acquires Maryland Audi dealership
Aug 17Sonic Automotive Q2 2022 Earnings Preview
Jul 27Is Sonic Automotive (NYSE:SAH) Using Too Much Debt?
Jul 07We Like These Underlying Return On Capital Trends At Sonic Automotive (NYSE:SAH)
Jun 19With EPS Growth And More, Sonic Automotive (NYSE:SAH) Is Interesting
Jun 04Sonic Automotive (NYSE:SAH) Is Increasing Its Dividend To US$0.25
May 02Financial Position Analysis
Short Term Liabilities: SAH's short term assets ($2.5B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: SAH's short term assets ($2.5B) exceed its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: SAH's net debt to equity ratio (333.5%) is considered high.
Reducing Debt: SAH's debt to equity ratio has increased from 298.7% to 375.5% over the past 5 years.
Debt Coverage: SAH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SAH's interest payments on its debt are not well covered by EBIT (2.8x coverage).