Diamondrock Hospitality Co (Diamondrock Hospitality Co) Debt-to-Equity : 0.79 (As of Dec. 2023)

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What is Diamondrock Hospitality Co Debt-to-Equity?

Diamondrock Hospitality Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Diamondrock Hospitality Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,290 Mil. Diamondrock Hospitality Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,642 Mil. Diamondrock Hospitality Co's debt to equity for the quarter that ended in Dec. 2023 was 0.79.

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 Diamondrock Hospitality Co's Debt-to-Equity or its related term are showing as below:

DRH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.63 Max: 0.82
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Diamondrock Hospitality Co was 0.82. The lowest was 0.50. And the median was 0.63.

DRH's Debt-to-Equity is ranked worse than
50.37% of 673 companies
in the REITs industry
Industry Median: 0.78 vs DRH: 0.79

Diamondrock Hospitality Co Debt-to-Equity Historical Data

The historical data trend for Diamondrock Hospitality Co'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.

Diamondrock Hospitality Co Debt-to-Equity Chart

Diamondrock Hospitality Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.67

0.78

0.82

0.79

Diamondrock Hospitality Co 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	Get a 7-Day Free Trial															0.82	0.82	0.80	0.79	0.79

Competitive Comparison of Diamondrock Hospitality Co's Debt-to-Equity

For the REIT - Hotel & Motel subindustry, Diamondrock Hospitality Co'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.

Diamondrock Hospitality Co's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Diamondrock Hospitality Co's Debt-to-Equity falls into.

Diamondrock Hospitality Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diamondrock Hospitality Co'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	+	1289.871)	/	1642.075
	=	0.79

Diamondrock Hospitality Co'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	+	1289.871)	/	1642.075
	=	0.79

Diamondrock Hospitality Co (NYSE:DRH) 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.

Diamondrock Hospitality Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Diamondrock Hospitality Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Diamondrock Hospitality Co (Diamondrock Hospitality Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Diamondrock Hospitality Co (NYSE:DRH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DRHpA.PFD:USA

Address

2 Bethesda Metro Center, Suite 1400, Bethesda, MD, USA, 20814

Website

https://www.drhc.com

Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and other. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.

Executives

Mark W Brugger	officer: Chief Financial Officer	C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 3000, BETHESDA MD 20817
Justin L. Leonard	officer: EVP & Chief Operating Officer	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
William J Tennis	officer: EVP and General Counsel	DIAMONDROCK HOSPITALITY COMPANY, 6903 ROCKLEDGE DRIVE, SUITE 800, BETHESDA MD 20817
Tabassum Zalotrawala	director	610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Briony R. Quinn	officer: Chief Accounting Officer	DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METRO CENTER, SUITE 1500, BETHESDA MD 20814
Troy Furbay	officer: Chief Investment Officer	DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METGRO CENTER, SUITE 1500, BETHESDA MD 20814
Michael A. Hartmeier	director	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Jeffrey Donnelly	officer: EVP & Chief Financial Officer	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Maureen L Mcavey	director	C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 300, BETHESDA MD 20817
Kathleen Wayton	director	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Gilbert T Ray	director	901 N GLEBE ROAD, ARLINGTON VA 22203
Jay Lecoryelle Johnson	officer: EVP & Chief Financial Officer	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Thomas G. Healy	officer: EVP & Chief Operating Officer	DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METRO CENTER, SUITE 1500, BETHESDA MD 20814
Sean M Mahoney	officer: CAO and Corporate Controller	3 BETHESDA METRO CTR #1000, BETHESDA MD 20814
William Joseph Shaw	director	6649 WESTWOOD BLVD., ORLANDO FL 32821