DiamondRock Hospitality Balance Sheet Health
Financial Health criteria checks 0/6
DiamondRock Hospitality has a total shareholder equity of $1.7B and total debt of $1.1B, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are $3.2B and $1.5B respectively. DiamondRock Hospitality's EBIT is $154.8M making its interest coverage ratio 2.5. It has cash and short-term investments of $75.3M.
Key information
66.2%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$75.29m |
| Equity | US$1.66b |
| Total liabilities | US$1.52b |
| Total assets | US$3.18b |
Recent financial health updates
No updates
Recent updates
DiamondRock Hospitality: Wait For A Dip In The 8.25% Preferred Shares
Oct 20DiamondRock Hospitality: Solid Q2 Performance, Strategic Share Repurchases Signal Long-Term Potential
Aug 08DiamondRock Hospitality: Preferred Stock Offers A 7.1% Yield-To-Call For 18 Months
Feb 01DiamondRock Hospitality: Undervalued Thanks To Room Pricing Strategies And Hotel Enhancements
Aug 16DiamondRock Hospitality FFO of $0.23 beats by $0.02, revenue of $255.1M beats by $3.56M
Feb 21DiamondRock Hospitality prelim Q4 comparable revenue up 23% on strong travel demand
Jan 11DiamondRock Hospitality: Low LTV Ratio Makes 7.6% Yielding Preferreds Appealing
Dec 28DiamondRock Hospitality declares $0.03 dividend
Dec 07DiamondRock Hospitality FFO of $0.28 beats by $0.02, revenue of $268.21M beats by $9.11M
Nov 03DiamondRock Hospitality announces $200M buyback plan
Sep 30DiamondRock Hospitality: An 8.8% Yield To Call With The Preferred Shares
Sep 24DiamondRock Hospitality dips dividend -76% to $0.03/shares
Sep 01DiamondRock Hospitality appoints Justin Leonard as EVP and COO
Jul 13Financial Position Analysis
Short Term Liabilities: DRH's short term assets ($287.7M) do not cover its short term liabilities ($418.9M).
Long Term Liabilities: DRH's short term assets ($287.7M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: DRH's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: DRH's debt to equity ratio has increased from 60.7% to 66.2% over the past 5 years.
Debt Coverage: DRH's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: DRH's interest payments on its debt are not well covered by EBIT (2.5x coverage).