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 $1.5B, which brings its debt-to-equity ratio to 104.1%. Its total assets and total liabilities are $3.0B and $1.6B respectively. Summit Hotel Properties's EBIT is $81.0M making its interest coverage ratio 0.9. It has cash and short-term investments of $83.1M.
Key information
104.1%
Debt to equity ratio
US$1.45b
Debt
Interest coverage ratio | 0.9x |
Cash | US$83.09m |
Equity | US$1.39b |
Total liabilities | US$1.57b |
Total assets | US$2.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INN.PRF's short term assets ($202.1M) exceed its short term liabilities ($98.1M).
Long Term Liabilities: INN.PRF's short term assets ($202.1M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: INN.PRF's net debt to equity ratio (98.2%) is considered high.
Reducing Debt: INN.PRF's debt to equity ratio has increased from 81.7% to 104.1% over the past 5 years.
Debt Coverage: INN.PRF's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: INN.PRF's interest payments on its debt are not well covered by EBIT (0.9x coverage).