InnSuites Hospitality Trust (InnSuites Hospitality Trust) LT-Debt-to-Total-Asset : 0.72 (As of Jan. 2024)

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What is InnSuites Hospitality Trust 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. InnSuites Hospitality Trust's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.72.

InnSuites Hospitality Trust's long-term debt to total assets ratio increased from Jan. 2023 (0.68) to Jan. 2024 (0.72). It may suggest that InnSuites Hospitality Trust is progressively becoming more dependent on debt to grow their business.

InnSuites Hospitality Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for InnSuites Hospitality Trust'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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InnSuites Hospitality Trust LT-Debt-to-Total-Asset Chart

InnSuites Hospitality Trust Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.49

0.70

0.64

0.68

0.72

InnSuites Hospitality Trust Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.68	0.67	0.70	0.71	0.72

InnSuites Hospitality Trust LT-Debt-to-Total-Asset Calculation

InnSuites Hospitality Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	11.269	/	15.68
	=	0.72

InnSuites Hospitality Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	11.269	/	15.68
	=	0.72

InnSuites Hospitality Trust (AMEX:IHT) 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.

InnSuites Hospitality Trust LT-Debt-to-Total-Asset Related Terms

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InnSuites Hospitality Trust (InnSuites Hospitality Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » InnSuites Hospitality Trust (AMEX:IHT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1730 E. Northern Avenue, Suite 122, InnSuites Hotels Centre, Phoenix, AZ, USA, 85020

Website

https://www.innsuitestrust.com

InnSuites Hospitality Trust is a real estate investment trust. It is engaged in the ownership and operation of hotel properties. It owns and operates hotels, provides management services for hotels, and also provides trademark license services. The Trust is also involved in various operations incidental to the operation of hotels, such as the operation of restaurants, meeting/banquet room rentals, and the operation of a reservation system. It has one reportable segment Hotel Operations & Hotel Management Services. Geographically operates through the region of the United States.

Executives

Jr Chase	director	10202 NORTH 15TH AVENUE, APT #2, PHOENIX AZ 85021
James F Wirth	director, 10 percent owner, officer: President, other: Chairman and CEO	1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Pamela J Barnhill	officer: President and COO	C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Cynthia Ketcherside	director	C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE #105, PHEONIX AZ 85020
Adam B Remis	officer: Chief Financial Officer	C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Leslie T Kutasi	director	C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Robert R. Mazakis	officer: Principal Accounting Officer	C/O INNSUITES HOTELS CENTRE, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020-3960
Steven S Robson	director	1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020
Larry Pelegrin	director	5143 E. SIERRA SUNSET TRAIL, CAVE CREEK AZ 85331
Peter A Thoma	director	1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020
Mason Anderson	director	3024 WEST SAHUARO DRIVE, PHOENIX AZ 85029
Marc E Berg	director, officer: Executive Vice President, other: Secretary and Treasurer	1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020
Stephen A Mcconnell	director	6700 EAST SOLANO DRIVE, PARADISE VALLEY AZ 85253
Gail J Wirth	10 percent owner	1615 E NORTHERN AVE, STE 105, PHOENIX AZ 85020
Anthony B Waters	officer: Chief Financial Officer	1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020