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
Summit 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 01Summit Hotel Properties prices 1.50% convertible senior notes due 2026
Jan 08Summit Hotel launches public offering of convertible senior notes due 2026
Jan 06Summit Hotel: Check-INN To This Select Service Hotel REIT
Dec 26Summit Hotel Properties initiates leadership transition
Dec 17Financial Position Analysis
Short Term Liabilities: INN's short term assets ($166.4M) exceed its short term liabilities ($79.9M).
Long Term Liabilities: INN's short term assets ($166.4M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: INN's net debt to equity ratio (98.7%) is considered high.
Reducing Debt: INN's debt to equity ratio has increased from 80.8% to 102.4% over the past 5 years.
Debt Coverage: INN's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: INN's interest payments on its debt are not well covered by EBIT (0.9x coverage).