Sun Communities (FRA:SCZ) Debt-to-Equity : 1.14 (As of Mar. 2024)

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What is Sun Communities Debt-to-Equity?

Sun Communities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,543 Mil. Sun Communities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €5,700 Mil. Sun Communities's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €6,384 Mil. Sun Communities's debt to equity for the quarter that ended in Mar. 2024 was 1.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sun Communities's Debt-to-Equity or its related term are showing as below:

FRA:SCZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.07 Max: 2.58
Current: 1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Sun Communities was 2.58. The lowest was 0.65. And the median was 1.07.

FRA:SCZ's Debt-to-Equity is ranked worse than
74% of 673 companies
in the REITs industry
Industry Median: 0.78 vs FRA:SCZ: 1.14

Sun Communities Debt-to-Equity Historical Data

The historical data trend for Sun Communities's Debt-to-Equity 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.

* Premium members only.

Sun Communities Debt-to-Equity Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.88

0.85

0.91

1.10

Sun Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.96	0.98	0.99	1.10	1.14

Competitive Comparison of Sun Communities's Debt-to-Equity

For the REIT - Residential subindustry, Sun Communities's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sun Communities's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sun Communities's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sun Communities's Debt-to-Equity falls into.

Sun Communities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sun Communities's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1893.697	+	5238.087)	/	6494.928
	=	1.10

Sun Communities's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1542.564	+	5699.676)	/	6383.604
	=	1.13

Sun Communities (FRA:SCZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sun Communities Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sun Communities's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sun Communities (FRA:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (FRA:SCZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SUI:USA S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.