Sonic Automotive, Inc. (SAH) Balance Sheet
SAH balance sheet, 2025
December 31, 2025 · U.S. dollars$5.97B assets = $4.90B liabilities + $1.07B equity
Both columns are drawn to the same scale: what SAH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SAH financial health
Descriptive bands, not a rating. Fiscal 2025.
SAH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.64B2016 | $5.97B2025 | +5.7%/yr | |
| Total liabilities | $2.91B2016 | $4.90B2025 | +6.0%/yr | |
| Shareholders’ equity | $725.2M2016 | $1.07B2025 | +4.4%/yr | |
| Cash & short-term investments | $3.1M2016 | $6.3M2025 | +8.2%/yr | |
| Total debt | $2.41B2016 | $4.23B2025 | +6.5%/yr | |
| Net cash (debt) | −$2.41B2016 | −$4.22B2025 | −$1.8B | |
| Working capital | $94.2M2016 | $234.6M2025 | +$140.4M | |
| Book value per share | $15.782016 | $30.782025 | +7.7%/yr | |
| Current ratio | 1.052016 | 1.092025 | +0.04 | |
| Debt / equity | 3.322016 | 3.962025 | +0.64 | |
| Shares outstanding | 45.9M2016 | 34.7M2025 | −3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SAH assets
SAH liabilities and equity
SAH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SAH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.3M | $44.0M | $28.9M | $229.2M | $299.4M | $170.3M | $29.1M | $5.9M | $6.4M | $3.1M |
| Cash & equivalents | $6.3M | $44.0M | $28.9M | $229.2M | $299.4M | $170.3M | $29.1M | $5.9M | $6.4M | $3.1M |
| Short-term investments | — | $340.0M | −$999,999 | $272.0M | $99.8M | $73.2M | — | $1.8M | $900,000 | $0 |
| Receivables | $469.0M | $495.9M | $528.1M | $462.4M | $401.1M | $371.7M | $432.7M | $438.2M | $482.1M | $430.2M |
| Inventory | $2.01B | $1.96B | $1.58B | $1.22B | $1.26B | $1.25B | $1.52B | $1.53B | $1.51B | $1.57B |
| Other current assets | $344.3M | $387.9M | $385.1M | $297.9M | $122.4M | $93.3M | $37.9M | $20.9M | $18.6M | $27.0M |
| Total current assets | $2.83B | $2.89B | $2.52B | $2.21B | $2.08B | $1.88B | $2.02B | $1.99B | $2.02B | $2.03B |
| Property, plant & equipment (net) | $2.17B | $2.15B | $2.06B | $2.05B | $1.93B | $1.51B | $1.47B | $1.18B | $1.15B | $1.01B |
| Goodwill & intangible assets | $875.9M | $788.8M | $671.2M | $627.7M | $896.6M | $278.3M | $540.1M | $579.3M | $600.4M | $552.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $97,000 | $3.0M | $5.1M | $2.8M |
| Other non-current assets | $91.9M | $73.0M | $112.8M | $97.8M | $62.5M | $74.2M | $43.5M | $42.6M | $46.4M | $42.4M |
| Total assets | $5.97B | $5.90B | $5.36B | $4.98B | $4.98B | $3.75B | $4.07B | $3.80B | $3.82B | $3.64B |
| Liabilities | ||||||||||
| Accounts payable | $151.0M | $172.0M | $149.8M | $138.4M | $133.3M | $105.1M | $135.2M | $114.3M | $129.9M | $117.7M |
| Short-term debt | $2.04B | $2.05B | $1.77B | $1.35B | $1.41B | $1.44B | $1.65B | $1.56B | $1.57B | $1.57B |
| Deferred revenue | — | — | $323.4M | — | — | — | — | −$821.1M | −$804.2M | −$850.5M |
| Total current liabilities | $2.60B | $2.64B | $2.29B | $1.85B | $1.89B | $1.83B | $2.07B | $1.95B | $1.95B | $1.94B |
| Long-term debt | $1.92B | $1.86B | $1.87B | $1.67B | $1.51B | $651.8M | $637.0M | $918.8M | $963.4M | $839.7M |
| Lease obligations | $680.0M | $601.6M | $513.8M | $507.5M | $489.2M | $404.7M | $385.4M | — | — | — |
| Other long-term liabilities | $382.7M | $339.8M | $308.8M | $565.5M | $496.3M | $448.0M | $423.1M | $109.1M | $113.5M | $137.6M |
| Total liabilities | $4.90B | $4.83B | $4.47B | $4.08B | $3.90B | $2.93B | $3.13B | $2.97B | $3.03B | $2.91B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $777,000 | $768,000 | $763,000 | $756,000 | $751,000 |
| Retained earnings (deficit) | $1.48B | $1.41B | $1.24B | $1.10B | $1.05B | $721.8M | $790.2M | $670.7M | $625.4M | $541.1M |
| Treasury stock | — | — | — | −$1.03B | −$765.0M | −$671.7M | −$600.0M | −$597.6M | −$573.5M | −$536.2M |
| Accumulated other comprehensive income | −$700,000 | $3.8M | $1.6M | $1.6M | −$1.3M | −$3.6M | −$2.1M | $4.2M | $1.3M | −$2.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.07B | $1.06B | $891.9M | $895.2M | $1.08B | $814.8M | $944.8M | $823.1M | $786.8M | $725.2M |
| Key figures | ||||||||||
| Total debt | $4.23B | $4.13B | $3.86B | $3.49B | $3.32B | $2.45B | $2.63B | $2.48B | $2.54B | $2.41B |
| Net cash (debt) | −$4.22B | −$4.08B | −$3.83B | −$3.26B | −$3.02B | −$2.28B | −$2.60B | −$2.47B | −$2.53B | −$2.41B |
| Working capital | $234.6M | $247.8M | $227.5M | $360.9M | $192.4M | $51.2M | −$48.5M | $47.5M | $65.0M | $94.2M |
| Tangible book value | $192.2M | $273.5M | $220.7M | $267.5M | $179.8M | $536.5M | $404.7M | $243.8M | $186.4M | $172.5M |
| Book value per share | $30.78 | $30.35 | $24.84 | $22.55 | $24.87 | $19.18 | $21.61 | $19.16 | $17.74 | $15.78 |
| Shares outstanding | 34.7M | 35.0M | 35.9M | 39.7M | 43.3M | 42.5M | 43.7M | 43.0M | 44.4M | 45.9M |
| Current ratio | 1.09 | 1.09 | 1.10 | 1.20 | 1.10 | 1.03 | 0.98 | 1.02 | 1.03 | 1.05 |
| Quick ratio | 0.18 | 0.20 | 0.24 | 0.37 | 0.37 | 0.30 | 0.22 | 0.23 | 0.25 | 0.22 |
| Debt / equity | 3.96 | 3.89 | 4.33 | 3.89 | 3.08 | 3.01 | 2.79 | 3.01 | 3.23 | 3.32 |
| Equity / assets | 17.9% | 18.0% | 16.6% | 18.0% | 21.6% | 21.8% | 23.2% | 21.7% | 20.6% | 19.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $19.2M | $5.7M | $6.3M | $89.4M | $110.4M | $64.6M | $44.0M | $17.6M | $67.2M | $15.1M | $28.9M | $34.6M |
| Cash & equivalents | $19.2M | $5.7M | $6.3M | $89.4M | $110.4M | $64.6M | $44.0M | $17.6M | $67.2M | $15.1M | $28.9M | $34.6M |
| Short-term investments | — | — | — | — | $100.0M | — | — | — | $672.4M | $320.0M | $345.0M | $300.0M |
| Receivables | $425.6M | $415.4M | $469.0M | $446.5M | $397.9M | $514.7M | $495.9M | $436.6M | $441.2M | $420.6M | $528.1M | $431.5M |
| Inventory | $2.32B | $2.12B | $2.01B | $2.06B | $2.12B | $1.88B | $1.96B | $1.92B | $1.95B | $1.70B | $1.58B | $1.43B |
| Other current assets | $329.9M | $419.6M | $344.3M | $216.2M | $149.3M | $411.7M | $387.9M | $438.4M | $455.5M | $374.8M | $385.1M | $341.5M |
| Total current assets | $3.10B | $2.96B | $2.83B | $2.81B | $2.78B | $2.87B | $2.89B | $2.81B | $2.92B | $2.51B | $2.52B | $2.24B |
| Property, plant & equipment (net) | $2.27B | $2.18B | $2.17B | $2.19B | $2.20B | $2.15B | $2.15B | $2.10B | $2.09B | $2.11B | $2.06B | $2.05B |
| Goodwill & intangible assets | $869.3M | $855.7M | $875.9M | $875.4M | $829.3M | $787.8M | $788.8M | $764.5M | $671.1M | $671.2M | $671.2M | $661.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $140.6M | $122.2M | $91.9M | $138.9M | $123.3M | $73.7M | $73.0M | $80.3M | $122.4M | $113.0M | $112.8M | $101.0M |
| Total assets | $6.38B | $6.12B | $5.97B | $6.02B | $5.93B | $5.88B | $5.90B | $5.76B | $5.80B | $5.41B | $5.36B | $5.05B |
| Liabilities | ||||||||||||
| Accounts payable | $156.2M | $165.3M | $151.0M | $214.7M | $173.0M | $179.5M | $172.0M | $148.5M | $219.8M | $143.9M | $149.8M | $143.0M |
| Short-term debt | $2.49B | $2.28B | $2.04B | $2.09B | $2.09B | $2.01B | $2.05B | $1.99B | $2.07B | $1.77B | $1.77B | $1.49B |
| Deferred revenue | — | — | — | — | — | — | — | −$400.6M | — | — | — | — |
| Total current liabilities | $3.06B | $2.87B | $2.60B | $2.76B | $2.71B | $2.63B | $2.64B | $2.54B | $2.65B | $2.30B | $2.29B | $2.01B |
| Long-term debt | $1.57B | $1.54B | $1.92B | $1.79B | $1.83B | $1.83B | $1.86B | $1.90B | $1.60B | $1.58B | $1.62B | $1.90B |
| Lease obligations | $673.4M | $701.5M | $680.0M | $675.7M | $648.4M | $595.0M | $601.6M | $556.2M | $556.2M | $569.5M | $513.8M | $494.4M |
| Other long-term liabilities | $727.2M | $726.3M | $382.7M | $397.5M | $360.6M | $331.6M | $339.8M | $307.7M | $606.2M | $620.1M | $563.3M | $284.3M |
| Total liabilities | $5.36B | $5.14B | $4.90B | $4.95B | $4.90B | $4.78B | $4.83B | $4.74B | $4.86B | $4.50B | $4.47B | $4.19B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 | $800,000 |
| Retained earnings (deficit) | $1.57B | $1.53B | $1.48B | $1.45B | $1.41B | $1.47B | $1.41B | $1.37B | $1.30B | $1.27B | $1.24B | $1.21B |
| Accumulated other comprehensive income | −$300,000 | −$400,000 | −$700,000 | $2.1M | $2.4M | $2.9M | $3.8M | $2.3M | $2.5M | $2.1M | $1.6M | $2.7M |
| Total shareholders' equity | $1.03B | $981.3M | $1.07B | $1.07B | $1.03B | $1.09B | $1.06B | $1.01B | $944.7M | $904.4M | $891.9M | $857.5M |
| Key figures | ||||||||||||
| Total debt | $4.67B | $4.43B | $4.23B | $4.16B | $4.16B | $4.05B | $4.13B | $4.09B | $4.19B | $3.88B | $3.86B | $3.57B |
| Net cash (debt) | −$4.65B | −$4.42B | −$4.22B | −$4.07B | −$4.05B | −$3.99B | −$4.08B | −$4.07B | −$4.12B | −$3.87B | −$3.83B | −$3.53B |
| Working capital | $35.3M | $89.4M | $234.6M | $51.9M | $70.6M | $241.0M | $247.8M | $272.9M | $265.2M | $211.3M | $227.5M | $232.3M |
| Tangible book value | $156.3M | $125.6M | $192.2M | $193.9M | $200.3M | $303.0M | $273.5M | $250.5M | $273.6M | $233.2M | $220.7M | $196.5M |
| Book value per share | $31.95 | $28.86 | $31.05 | $30.46 | $30.19 | $31.53 | $30.18 | $29.08 | $27.07 | $25.91 | $25.63 | $24.09 |
| Shares outstanding | 32.1M | 34.0M | 34.4M | 35.1M | 34.1M | 34.6M | 35.2M | 34.9M | 34.9M | 34.9M | 34.8M | 35.6M |
| Current ratio | 1.01 | 1.03 | 1.09 | 1.02 | 1.03 | 1.09 | 1.09 | 1.11 | 1.10 | 1.09 | 1.10 | 1.12 |
| Quick ratio | 0.15 | 0.15 | 0.18 | 0.19 | 0.19 | 0.22 | 0.20 | 0.18 | 0.19 | 0.19 | 0.24 | 0.23 |
| Debt / equity | 4.56 | 4.51 | 3.96 | 3.89 | 4.04 | 3.71 | 3.89 | 4.03 | 4.44 | 4.29 | 4.33 | 4.16 |
| Equity / assets | 16.1% | 16.0% | 17.9% | 17.8% | 17.4% | 18.6% | 18.0% | 17.6% | 16.3% | 16.7% | 16.6% | 17.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
SAH financial position
At the end of fiscal 2025 (December 31, 2025), Sonic Automotive had total assets of $6.0 billion (up 1.3% from a year earlier), total liabilities of $4.9 billion and shareholders' equity of $1.1 billion. It held $6.3 million in cash and short-term investments against $4.2 billion of debt, net debt of $4.2 billion. Its current ratio was 1.09. In the latest quarter (ended June 30, 2026) total assets were $6.4 billion and equity $1.0 billion.
Related: SAH income statement, SAH cash flow statement, SAH key metrics. See the SAH stock overview for the latest quote and news.
SAH balance sheet FAQ
What are Sonic Automotive's total assets?
Sonic Automotive reported total assets of $6.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.9 billion a year earlier.
How much debt does Sonic Automotive have?
Sonic Automotive had $4.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.96.
How much cash does Sonic Automotive have?
Sonic Automotive held $6.3 million in cash and short-term investments at the end of fiscal 2025; with $4.2 billion of debt that is net debt of $4.2 billion.
What is Sonic Automotive's book value?
Sonic Automotive's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $30.78 per share.
What is Sonic Automotive's current ratio?
Sonic Automotive had current assets of $2.8 billion and current liabilities of $2.6 billion, a current ratio of 1.09 (it can cover its short-term obligations).
How much goodwill does Sonic Automotive have?
Sonic Automotive carried $875.9 million of goodwill and intangible assets, 14.7% of total assets, at the end of fiscal 2025.