What is Sonic Automotive Debt-to-Equity?
Sonic Automotive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,767 Mil. Sonic Automotive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,115 Mil. Sonic Automotive's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $904 Mil.
Sonic Automotive's debt to equity for the quarter that ended in Mar. 2024 was 4.29.
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 Sonic Automotive's Debt-to-Equity or its related term are showing as below:
SAH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.79 Med: 3.14 Max: 4.33
Current: 4.33
During the past 13 years, the highest Debt-to-Equity Ratio of Sonic Automotive was 4.33. The lowest was 2.79. And the median was 3.14.
Sonic Automotive Debt-to-Equity Historical Data
The historical data trend for Sonic Automotive'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.
Sonic Automotive Debt-to-Equity Chart
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Sonic Automotive Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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2.79 |
3.01 |
3.08 |
3.90 |
4.33 |
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Sonic Automotive Quarterly Data
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Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Debt-to-Equity |
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4.29 |
4.12 |
4.16 |
4.33 |
4.29 |
Competitive Comparison of Sonic Automotive's Debt-to-Equity
For the Auto & Truck Dealerships subindustry, Sonic Automotive'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.
Sonic Automotive's Debt-to-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sonic Automotive's Debt-to-Equity falls into.
Sonic Automotive Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Sonic Automotive's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Sonic Automotive's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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 (Sonic Automotive) Business Description
Traded in Other Exchanges
Address
4401 Colwick Road, Charlotte, NC, USA, 28211
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.
Executives
| Heath Byrd |
officer: EVP and CFO |
4401 COLWICK ROAD, CHARLOTTE NC 28211 |
| Jeff Dyke |
officer: EVP of Operations |
C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212 |
| David Bruton Smith |
director, officer: Executive Vice President |
C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212 |
| Paul P. Rusnak |
10 percent owner |
325 W. COLORADO BLVD.,, PO BOX 70489, PASADENA CA 91117-7489 |
| Michael Edward Hodge |
director |
4401 COLWICK ROAD, CHARLOTTE NC 28211 |
| Keri A Kaiser |
director |
14902 PRESTON ROAD, SUITE 404, #384, DALLAS TX 75254 |
| Victor H Doolan |
director |
35 VIA MONARCA, DANA POINT CA 92629 |
| Marcus G Smith |
10 percent owner |
5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027 |
| Sonic Financial Corp |
10 percent owner |
5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212 |
| O Bruton Smith |
director, 10 percent owner, officer: Chairman and CEO |
5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212 |
| R Eugene Taylor |
director |
BANK OF AMERICA CORP, 100 NORTH TRYON ST NC1-007-57-01, CHARLOTTE NC 28255 |
| Bryan Scott Smith |
director, officer: Vice Chairman and CSO |
5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212 |
| Harris John W. Iii |
director |
4725 PIEDMONT ROW DRIVE, SUITE 800, CHARLOTTE NC 28210 |
| Byrd Bernard Clinton Jr |
director |
4401 COLWICK ROAD, CHARLOTTE NC 28211 |
| William I Belk |
director |
6100 FAIRVIEW RD #640, CHARLOTTE NC 28210 |
Sonic Automotive (Sonic Automotive) Headlines
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