Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sonic Automotive's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $892 Mil. Sonic Automotive's Total Assets for the quarter that ended in Dec. 2023 was $5,365 Mil.
Therefore, Sonic Automotive's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.17.
The historical rank and industry rank for Sonic Automotive's Equity-to-Asset or its related term are showing as below:
SAH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.21 Max: 0.23
Current: 0.17
During the past 13 years, the highest Equity to Asset Ratio of Sonic Automotive was 0.23. The lowest was 0.17. And the median was 0.21.
SAH's Equity-to-Asset is ranked worse than 90.15% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 0.47
vs SAH: 0.17
Sonic Automotive Equity-to-Asset Historical Data
The historical data trend for Sonic Automotive's Equity-to-Asset 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.
Competitive Comparison of Sonic Automotive's Equity-to-Asset
For the Auto & Truck Dealerships subindustry, Sonic Automotive's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Sonic Automotive's Equity-to-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sonic Automotive's Equity-to-Asset falls into.
Sonic Automotive Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Sonic Automotive's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Sonic Automotive (NYSE:SAH) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Sonic Automotive Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Sonic Automotive's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonic Automotive (Sonic Automotive) Business Description
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.
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