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Sonic Corp (NAS:SONC)
Equity-to-Asset
-0.20 (As of Nov. 2016)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Sonic Corp's total equity for the quarter that ended in Nov. 2016 was \$-118.2 Mil. Sonic Corp's total assets for the quarter that ended in Nov. 2016 was \$593.3 Mil. Therefore, Sonic Corp's Equity to Asset Ratio for the quarter that ended in Nov. 2016 was -0.20.

SONC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.2   Max: 0.71
Current: -0.2

-0.2
0.71

During the past 13 years, the highest Equity to Asset Ratio of Sonic Corp was 0.71. The lowest was -0.20. And the median was 0.12.

SONC's Equity-to-Asset is ranked lower than
95% of the 282 Companies
in the Global Restaurants industry.

( Industry Median: 0.48 vs. SONC: -0.20 )

Definition

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 shareholders tangible equity divided by its total asset.

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

 Equity to Asset (A: Aug. 2016 ) = Total Equity / Total Assets = -75.643 / 659.995 = -0.11

Sonic Corp's Equity to Asset Ratio for the quarter that ended in Nov. 2016 is calculated as

 Equity to Asset (Q: Nov. 2016 ) = Total Equity / Total Assets = -118.193 / 593.316 = -0.20

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

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 Return on Equity 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%.

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 equity2asset -0.14 -0.08 -0.01 0.03 0.08 0.09 0.12 0.10 0.03 -0.12

Sonic Corp Quarterly Data

 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 equity2asset 0.10 0.10 -0.00 0.03 0.03 -0.03 -0.06 -0.09 -0.12 -0.20
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