Sonder Holdings (MEX:SOND) LT-Debt-to-Total-Asset : 0.92 (As of Sep. 2023)

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What is Sonder Holdings 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. Sonder Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.92.

Sonder Holdings's long-term debt to total assets ratio increased from Sep. 2022 (0.82) to Sep. 2023 (0.92). It may suggest that Sonder Holdings is progressively becoming more dependent on debt to grow their business.

Sonder Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sonder Holdings'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.

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Sonder Holdings LT-Debt-to-Total-Asset Chart

Sonder Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.10

0.14

0.07

0.85

Sonder Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.82	0.85	0.88	0.90	0.92

Sonder Holdings LT-Debt-to-Total-Asset Calculation

Sonder Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	26114.658	/	30679.14
	=	0.85

Sonder Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	27506.023	/	29896.697
	=	0.92

Sonder Holdings (MEX:SOND) 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.

Sonder Holdings LT-Debt-to-Total-Asset Related Terms

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Sonder Holdings (MEX:SOND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sonder Holdings Inc (MEX:SOND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SOND:USA

Address

101 15th Street, San Francisco, CA, USA, 94103

Website

https://www.sonder.com

Sonder Holdings Inc is engaged in providing short and long-term accommodations to travelers in various cities across North America, Europe, and the Middle East. The Sonder units in each apartment-style building and each hotel property are selected, designed, and managed directly by the Company. The Company generates revenues by providing short-term or month-to-month accommodations to its guests.