Sonic Automotive Balance Sheet Health
Financial Health criteria checks 2/6
Sonic Automotive has a total shareholder equity of $944.7M and total debt of $3.6B, which brings its debt-to-equity ratio to 384.7%. Its total assets and total liabilities are $5.8B and $4.9B respectively. Sonic Automotive's EBIT is $495.7M making its interest coverage ratio 2.6. It has cash and short-term investments of $468.1M.
Key information
384.7%
Debt to equity ratio
US$3.63b
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$468.10m |
| Equity | US$944.70m |
| Total liabilities | US$4.86b |
| Total assets | US$5.80b |
Recent financial health updates
Sonic Automotive (NYSE:SAH) Seems To Be Using A Lot Of Debt
Jun 06
Does Sonic Automotive (NYSE:SAH) Have A Healthy Balance Sheet?
Feb 12Sonic 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 13Recent updates
Estimating The Fair Value Of Sonic Automotive, Inc. (NYSE:SAH)
Jul 15Returns Are Gaining Momentum At Sonic Automotive (NYSE:SAH)
Jun 24Sonic Automotive (NYSE:SAH) Seems To Be Using A Lot Of Debt
Jun 06Many Still Looking Away From Sonic Automotive, Inc. (NYSE:SAH)
May 22Sonic Automotive: Focus On Pre-Owned Vehicle Business And Share Repurchases
Apr 29Is Sonic Automotive, Inc. (NYSE:SAH) Potentially Undervalued?
Apr 26Sonic 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 31Financial Position Analysis
Short Term Liabilities: SAH's short term assets ($2.9B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: SAH's short term assets ($2.9B) exceed its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: SAH's net debt to equity ratio (335.1%) is considered high.
Reducing Debt: SAH's debt to equity ratio has increased from 272% to 384.7% 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 (2.6x coverage).