Sotherly Hotels (FRA:MCL) LT-Debt-to-Total-Asset : 0.81 (As of Dec. 2023)

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What is Sotherly Hotels LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Sotherly Hotels's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.81.

Sotherly Hotels's long-term debt to total assets ratio increased from Dec. 2022 (0.80) to Dec. 2023 (0.81). It may suggest that Sotherly Hotels is progressively becoming more dependent on debt to grow their business.

Sotherly Hotels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sotherly Hotels's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Sotherly Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.74

0.82

0.87

0.80

0.81

Sotherly Hotels Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.79	0.79	0.80	0.81	0.81

Sotherly Hotels LT-Debt-to-Total-Asset Calculation

Sotherly Hotels's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	291.171	/	360.787
	=	0.81

Sotherly Hotels's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	291.171	/	360.787
	=	0.81

Sotherly Hotels (FRA:MCL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Sotherly Hotels LT-Debt-to-Total-Asset Related Terms

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Sotherly Hotels (FRA:MCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sotherly Hotels Inc (FRA:MCL) » Definitions » LT-Debt-to-Total-Asset

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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.

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