Sotherly Hotels (Sotherly Hotels) Debt-to-Equity

: 6.45 (As of Dec. 2023)

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Sotherly Hotels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Sotherly Hotels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $317.5 Mil. Sotherly Hotels's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $49.2 Mil. Sotherly Hotels's debt to equity for the quarter that ended in Dec. 2023 was 6.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sotherly Hotels's Debt-to-Equity or its related term are showing as below:

SOHO' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.2 Med: 6.32 Max: 17.77
Current: 6.45

During the past 13 years, the highest Debt-to-Equity Ratio of Sotherly Hotels was 17.77. The lowest was 3.20. And the median was 6.32.

SOHO's Debt-to-Equity is ranked worse than
97.48% of 674 companies
in the REITs industry
Industry Median: 0.78 vs SOHO: 6.45

Sotherly Hotels Debt-to-Equity Historical Data

The historical data trend for Sotherly Hotels's Debt-to-Equity 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.

Sotherly Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.50

7.81

17.77

6.18

6.45

Sotherly Hotels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																6.18	5.95	5.78	6.17	6.45

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Sotherly Hotels's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sotherly Hotels Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, Sotherly Hotels's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sotherly Hotels's Debt-to-Equity falls into.

Sotherly Hotels Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sotherly Hotels's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	317.526)	/	49.23
	=	6.45

Sotherly Hotels's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	317.526)	/	49.23
	=	6.45

Sotherly Hotels (NAS:SOHO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sotherly Hotels Debt-to-Equity Related Terms

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Sotherly Hotels (Sotherly Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sotherly Hotels Inc (NAS:SOHO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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