Summit Hotel Properties Balance Sheet Health
Financial Health criteria checks 0/6
Summit Hotel Properties has a total shareholder equity of $1.4B and total debt of $1.3B, which brings its debt-to-equity ratio to 97.3%. Its total assets and total liabilities are $2.8B and $1.5B respectively. Summit Hotel Properties's EBIT is $84.1M making its interest coverage ratio 1. It has cash and short-term investments of $57.9M.
Key information
97.3%
Debt to equity ratio
US$1.34b
Debt
| Interest coverage ratio | 1x |
| Cash | US$57.94m |
| Equity | US$1.37b |
| Total liabilities | US$1.46b |
| Total assets | US$2.84b |
Recent financial health updates
No updates
Recent updates
Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield
Oct 25Summit Hotel Properties: I Am Still Long The 7.4% Preferred Shares
May 26Summit Hotel Properties Offers 7.4% On Its Preferred Shares
Mar 05Summit Hotel: Collect 8.4% Yield On The Preferred Stock
Dec 10Summit Hotel Properties: A Lot Of Debt
Nov 27Summit Hotel Properties: Well-Covered Dividends; Attractive Valuation
Aug 09Summit Hotel Properties: Post-Pandemic Recovery Continues
May 26Summit Hotel declares $0.3906 dividend
Jan 26Summit Hotel declares $0.3906 dividend
Oct 28Summit Hotel goes ex-dividend tomorrow
Aug 15Summit Hotel FFO of $0.27 misses by $0.02, revenue of $183.2M beats by $13.47M
Aug 02I'm Adding To My 6.5% Yielding Preferred Securities Of Summit Hotel Properties
Feb 23Summit Hotel joint venture to acquire Steamboat Springs hotel for $33M
Jun 07Summit Hotel FFO beats by $0.01, misses on revenue
May 04Summit Hotel Properties (NYSE:INN) Share Prices Have Dropped 30% In The Last Three Years
Feb 19
Summit Hotel Properties climbs amid short squeeze enthusiasm
Feb 01Financial Position Analysis
Short Term Liabilities: INN's short term assets ($122.2M) do not cover its short term liabilities ($149.9M).
Long Term Liabilities: INN's short term assets ($122.2M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: INN's net debt to equity ratio (93.1%) is considered high.
Reducing Debt: INN's debt to equity ratio has increased from 70.5% to 97.3% over the past 5 years.
Debt Coverage: INN's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: INN's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 03:39 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Summit Hotel Properties, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Bellisario | Baird |
| Mark Lutenski | BMO Capital Markets U.S. (Historical) |
| Dany Asad | BofA Global Research |