Sotherly Hotels (Sotherly Hotels) Interest Expense : $-17.6 Mil (TTM As of Dec. 2023)

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What is Sotherly Hotels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sotherly Hotels's interest expense for the three months ended in Dec. 2023 was $ -4.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-17.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Sotherly Hotels's Operating Income for the three months ended in Dec. 2023 was $ 3.9 Mil. Sotherly Hotels's Interest Expense for the three months ended in Dec. 2023 was $ -4.7 Mil. Sotherly Hotels's Interest Coverage for the quarter that ended in Dec. 2023 was 0.84. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sotherly Hotels Interest Expense Historical Data

The historical data trend for Sotherly Hotels's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sotherly Hotels Interest Expense Chart

Sotherly Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.77

-18.06

-22.69

-19.77

-17.59

Sotherly Hotels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.49	-4.11	-4.29	-4.47	-4.72

Sotherly Hotels Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.6 Mil.

Sotherly Hotels (NAS:SOHO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sotherly Hotels's Interest Expense for the three months ended in Dec. 2023 was $-4.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $317.5 Mil.

Sotherly Hotels's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.948	/	-4.719
	=	0.84

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sotherly Hotels Inc interest coverage is 1.08, which is low.

Sotherly Hotels (Sotherly Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sotherly Hotels Inc (NAS:SOHO) » Definitions » Interest Expense

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SOHON.PFD:USA SOHOO.PFD:USA SOHOB.PFD:USA MCL:Germany

Address

306 South Henry Street, Suite 100, Williamsburg, VA, USA, 23185

Website

https://www.sotherlyhotels.com

Sotherly Hotels Inc is engaged in Hotel operations. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate, and reposition full-service, upscale, and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.

Executives

Andrew Sims	director, officer: Chief Executive Officer	410 W. FRANCIS STREET, WILLIAMSBURG VA 23185
Scott M Kucinski	officer: EVP & Chief Operating Officer	306 S. HENRY STREET, SUITE 100, WILLIAMSBURG VA 23185
David R Folsom	officer: Chief Operating Officer	410 W. FRANCIS STREET, WILLIAMSBURG VA 23185
Maria L Caldwell	director	410 W FRANCIS ST, WILLIAMSBURG VA 23185
Gibson George S Iv	director	410 W FRANCIS ST, WILLIAMSBURG VA 23185
Anthony E Domalski	officer: Chief Accounting Officer	6411 IVY LANE, SUITE 510, GREENBELT MD 20770
Herschel J Walker	director	410 W FRANCIS ST, WILLIAMSBURG VA 23185
Kim Sims	director	6411 IVY LANE, SUITE 510, GREENBELT MD 20770
Richmond Hill Investment Co., Lp	other: Member of Group Owning 10%	381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016
Richmond Hill Advisors, Llc	other: Member of Group Owning 10%	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Essex Illiquid, Llc	10 percent owner, other: Member of Group Owning 10%	375 HUDSON STREET, NEW YORK NY 10014
Richmond Hill Capital Partners, Lp	other: Member of Group Owning 10%	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Basil Maher	10 percent owner, other: Member of Group Owning 10%	C/O ESSEX EQUITY CAPITAL MANAGEMENT, LLC, 70 S. ORANGE AVENUE, SUITE 105, LIVINGSTON NJ 07039
M. Brian Maher	10 percent owner, other: Member of Group Owning 10%	C/O ESSEX EQUITY CAPITAL MANAGEMENT, LLC, 70 S. ORANGE AVENUE, SUITE 105, LIVINGSTON NJ 07039
Richmond Hill Investments, Llc	10 percent owner, other: Member of Group Owning 10%	381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016