Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Summit Hotel Properties's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $911.2 Mil. Summit Hotel Properties's Total Assets for the quarter that ended in Dec. 2023 was $2,939.2 Mil.
Therefore, Summit Hotel Properties's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.31.
The historical rank and industry rank for Summit Hotel Properties's Equity-to-Asset or its related term are showing as below:
INN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.52 Max: 0.59
Current: 0.31
During the past 13 years, the highest Equity to Asset Ratio of Summit Hotel Properties was 0.59. The lowest was 0.31. And the median was 0.52.
INN's Equity-to-Asset is ranked worse than 87.38% of 864
companies
in the REITs industry
Industry Median: 0.57
vs INN: 0.31
Summit Hotel Properties Equity-to-Asset Historical Data
The historical data trend for Summit Hotel Properties's Equity-to-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.
Competitive Comparison of Summit Hotel Properties's Equity-to-Asset
For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Summit Hotel Properties's Equity-to-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Summit Hotel Properties's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Summit Hotel Properties's Equity-to-Asset falls into.
Summit Hotel Properties Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Summit Hotel Properties's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Summit Hotel Properties (NYSE:INN) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Summit Hotel Properties Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Summit Hotel Properties's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Hotel Properties (Summit Hotel Properties) Business Description
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.
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