Sun Communities (Sun Communities) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

What is Sun Communities LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Sun Communities's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Sun Communities's long-term debt to total assets ratio increased from Dec. 2022 (0.29) to Dec. 2023 (0.34). It may suggest that Sun Communities is progressively becoming more dependent on debt to grow their business.

Sun Communities LT-Debt-to-Total-Asset Historical Data

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

* Premium members only.

Sun Communities LT-Debt-to-Total-Asset Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.41

0.31

0.34

0.29

0.34

Sun Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.32	0.31	0.34	0.36

Sun Communities LT-Debt-to-Total-Asset Calculation

Sun Communities's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	5712.2	/	16940.7
	=	0.34

Sun Communities's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5712.2	/	16940.7
	=	0.34

Sun Communities (NYSE:SUI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Sun Communities LT-Debt-to-Total-Asset Related Terms

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

Sun Communities (Sun Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (NYSE:SUI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SCZ:Germany 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.

Executives

Baxter Underwood	officer: CEO - Safe Harbor Marinas, LLC	14785 PRESTON RD, 9TH FLOOR, DALLAS TX 75254
Marc Farrugia	officer: EVP & Chief Admin. Officer	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Jeff Blau	director
Bruce Thelen	officer: EVP	27777 FRANKLIN RD., STE. 200, SOUTHFIEL MI 48034
Clunet R Lewis	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Fernando Castro-caratini	officer: EVP, CFO, Sec. & Treas.	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
John Bandini Mclaren	officer: EVP & CFO	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Stephanie W Bergeron	director	27777 FRANKLIN ROAD, STE 200, SUN COMMUNITIES, INC, SOUTHFIELD MI 48034
Aaron Weiss	officer: EVP, Corp. Strat. & Bus. Dev.	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Gary A Shiffman	director, officer: Chrmn and CEO	27777 FRANKLIN ROAD, STE 200, SOUTHFIELD MI 48034
Karen Dearing	officer: EVP, CFO, Sec. & Treasurer	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Tonya Allen	director	2777 FRANKLIN RD., STE. 200, SOUTHFIELD MI 48034
Ronald A Klein	director	235 EAST MAIN STREET, MIDLAND MI 48640
Jonathan Colman	officer: EVP	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Brian M Hermelin	director	2064 D STREET, BELLEVILLE MI 48111