Summit Hotel Properties (Summit Hotel Properties) Total Liabilities : $1,542.55 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Summit Hotel Properties Total Liabilities?

Summit Hotel Properties's Total Liabilities for the quarter that ended in Dec. 2023 was $1,542.55 Mil.

Summit Hotel Properties's quarterly Total Liabilities declined from Jun. 2023 ($1,571.49 Mil) to Sep. 2023 ($1,569.83 Mil) and declined from Sep. 2023 ($1,569.83 Mil) to Dec. 2023 ($1,542.55 Mil).

Summit Hotel Properties's annual Total Liabilities increased from Dec. 2021 ($1,157.71 Mil) to Dec. 2022 ($1,564.10 Mil) but then declined from Dec. 2022 ($1,564.10 Mil) to Dec. 2023 ($1,542.55 Mil).

Summit Hotel Properties Total Liabilities Historical Data

The historical data trend for Summit Hotel Properties's Total Liabilities 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.

* Premium members only.

Summit Hotel Properties Total Liabilities Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

Get a 7-Day Free Trial

1,112.29

1,180.96

1,157.71

1,564.10

1,542.55

Summit Hotel Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Liabilities	Get a 7-Day Free Trial															1,564.10	1,585.39	1,571.49	1,569.83	1,542.55

Summit Hotel Properties Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Summit Hotel Properties's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	286.042	+	(1256.51	+	0
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1,542.55

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	2939.248	-	1396.696
	=	1,542.55

Summit Hotel Properties's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	286.042	+	(1256.51	+	0
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1,542.55

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	2939.248	-	1396.696
	=	1,542.55

Summit Hotel Properties Total Liabilities Related Terms

Thank you for viewing the detailed overview of Summit Hotel Properties's Total Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNPRACL.PFD) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

INNpE.PFD:USA INN:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.