Summit Hotel Properties Balance Sheet Health
Financial Health criteria checks 1/6
Summit Hotel Properties has a total shareholder equity of $1.4B and total debt of $1.4B, which brings its debt-to-equity ratio to 102.4%. Its total assets and total liabilities are $2.9B and $1.5B respectively. Summit Hotel Properties's EBIT is $75.8M making its interest coverage ratio 0.9. It has cash and short-term investments of $51.8M.
Key information
102.4%
Debt to equity ratio
US$1.43b
Debt
Interest coverage ratio | 0.9x |
Cash | US$51.80m |
Equity | US$1.40b |
Total liabilities | US$1.54b |
Total assets | US$2.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SDP's short term assets ($166.4M) exceed its short term liabilities ($79.9M).
Long Term Liabilities: SDP's short term assets ($166.4M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: SDP's net debt to equity ratio (98.7%) is considered high.
Reducing Debt: SDP's debt to equity ratio has increased from 80.8% to 102.4% over the past 5 years.
Debt Coverage: SDP's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: SDP's interest payments on its debt are not well covered by EBIT (0.9x coverage).