Sonic Automotive (Sonic Automotive) Interest Expense : $-175 Mil (TTM As of Dec. 2023)

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What is Sonic Automotive Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sonic Automotive's interest expense for the three months ended in Dec. 2023 was $ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-175 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Sonic Automotive's Operating Income for the three months ended in Dec. 2023 was $ 118 Mil. Sonic Automotive's Interest Expense for the three months ended in Dec. 2023 was $ -45 Mil. Sonic Automotive's Interest Coverage for the quarter that ended in Dec. 2023 was 2.62. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sonic Automotive Interest Expense Historical Data

The historical data trend for Sonic Automotive's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sonic Automotive Interest Expense Chart

Sonic Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-101.50

-66.20

-59.90

-118.30

-174.40

Sonic Automotive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-37.10	-41.00	-44.00	-44.60	-45.10

Sonic Automotive Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-175 Mil.

Sonic Automotive (NYSE:SAH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sonic Automotive's Interest Expense for the three months ended in Dec. 2023 was $-45 Mil. Its Operating Income for the three months ended in Dec. 2023 was $118 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,090 Mil.

Sonic Automotive's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	118.2	/	-45.1
	=	2.62

The higher the ratio, the stronger the company's financial strength is.

Sonic Automotive (Sonic Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sonic Automotive Inc (NYSE:SAH) » Definitions » Interest Expense

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Traded in Other Exchanges

SA8A:Germany

Address

4401 Colwick Road, Charlotte, NC, USA, 28211

Website

https://www.sonicautomotive.com

Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

Executives

Heath Byrd	officer: EVP and CFO	4401 COLWICK ROAD, CHARLOTTE NC 28211
Jeff Dyke	officer: EVP of Operations	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
David Bruton Smith	director, officer: Executive Vice President	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
Paul P. Rusnak	10 percent owner	325 W. COLORADO BLVD.,, PO BOX 70489, PASADENA CA 91117-7489
Michael Edward Hodge	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
Keri A Kaiser	director	14902 PRESTON ROAD, SUITE 404, #384, DALLAS TX 75254
Victor H Doolan	director	35 VIA MONARCA, DANA POINT CA 92629
Marcus G Smith	10 percent owner	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
Sonic Financial Corp	10 percent owner	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
O Bruton Smith	director, 10 percent owner, officer: Chairman and CEO	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
R Eugene Taylor	director	BANK OF AMERICA CORP, 100 NORTH TRYON ST NC1-007-57-01, CHARLOTTE NC 28255
Bryan Scott Smith	director, officer: Vice Chairman and CSO	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Harris John W. Iii	director	4725 PIEDMONT ROW DRIVE, SUITE 800, CHARLOTTE NC 28210
Byrd Bernard Clinton Jr	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
William I Belk	director	6100 FAIRVIEW RD #640, CHARLOTTE NC 28210