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GuruFocus has detected 2 Warning Signs with Sonic Corp \$SONC.
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Sonic Corp (NAS:SONC)
Total Equity
\$-157.7 Mil (As of Feb. 2017)

Sonic Corp's total equity for the quarter that ended in Feb. 2017 was \$-157.7 Mil.

Total equity is used to calculate book value per share. Sonic Corp's book value per share for the quarter that ended in Feb. 2017 was \$-3.59. The ratio of a companys debt over equity can be used to measure how leveraged this company is. Sonic Corp's debt to equity ratio for the quarter that ended in Feb. 2017 was -3.89.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Sonic Corp's Total Equity for the fiscal year that ended in Aug. 2016 is calculated as

 Total Equity = Total Assets(Q: Feb. 2017 ) - Total Liabilities(Q: Feb. 2017 ) = 659.995 - 735.638 = -75.6

Sonic Corp's Total Equity for the quarter that ended in Feb. 2017 is calculated as

 Total Equity = Total Assets(Q: Feb. 2017 ) - Total Liabilities(Q: Feb. 2017 ) = 571.664 - 729.355 = -157.7

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

Sonic Corp's Book Value Per Share for the quarter that ended in Feb. 2017 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (-157.691 - 0) / 43.93 = -3.59

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

Sonic Corp's Debt to Equity Ratio for the quarter that ended in Feb. 2017 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (3.826 + 609.417) / -157.691 = -3.89

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Sonic Corp Annual Data

 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Total Equity -106.8 -64.1 -4.3 22.3 51.7 59.2 77.5 62.7 17.4 -75.6

Sonic Corp Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 Total Equity 61.5 -0.3 18.6 17.4 -20.7 -33.2 -58.5 -75.6 -118.2 -157.7
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