Summit Net Debt vs Total Assets Analysis

INN Stock

USD 6.37 0.14 2.25%

Summit Hotel financial indicator trend analysis is much more than just breaking down Summit Hotel Properties prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Hotel Properties is a good investment. Please check the relationship between Summit Hotel Net Debt and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Hotel Properties Net Debt account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Summit Hotel's Net Debt and Total Assets is 0.92. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Summit Hotel Properties, assuming nothing else is changed. The correlation between historical values of Summit Hotel's Net Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Summit Hotel Properties are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Summit Hotel's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Summit Hotel assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Summit Hotel Properties books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Summit Hotel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Hotel Properties current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Summit Hotel's Discontinued Operations is very stable compared to the past year. As of the 25th of November 2024, Tax Provision is likely to grow to about 2.9 M, while Selling General Administrative is likely to drop about 29.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	43.4M	65.6M	86.8M	91.1M
Depreciation And Amortization	391.1M	617.8M	150.9M	248.5M

Interest Expense Depreciation And Amortization

Summit Hotel fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Total Permanent Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Additional Paid In Capital	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Preferred Stock Total Equity
Total Assets		-0.27	0.39	0.84	-0.2	0.76	0.77	0.38	0.22	0.77	0.52	0.98	0.67	0.89	-0.61	-0.54	0.55	0.2	0.41	-0.3	0.98	0.77	0.72	0.82	0.5	0.9
Other Current Liab	-0.27		0.45	-0.39	0.11	-0.21	-0.06	-0.18	0.13	-0.21	0.32	-0.36	-0.5	-0.39	0.15	0.14	-0.67	-0.48	0.64	0.14	-0.26	-0.06	-0.23	-0.21	-0.34	-0.21
Total Current Liabilities	0.39	0.45		0.19	0.2	0.23	0.37	0.19	0.17	0.34	0.66	0.37	0.16	0.35	-0.5	-0.23	-0.13	-0.35	0.8	-0.18	0.43	0.37	0.56	0.6	0.17	0.38
Total Stockholder Equity	0.84	-0.39	0.19		-0.01	0.9	0.63	0.46	0.4	0.72	0.12	0.78	0.81	0.95	-0.39	-0.64	0.33	0.33	0.09	-0.35	0.74	0.63	0.53	0.62	0.21	0.93
Other Liab	-0.2	0.11	0.2	-0.01		0.07	-0.47	-0.16	0.58	0.12	-0.3	-0.27	-0.17	-0.02	0.27	-0.39	-0.39	-0.04	-0.15	0.17	-0.27	-0.47	-0.01	-0.37	-0.45	-0.01
Net Tangible Assets	0.76	-0.21	0.23	0.9	0.07		0.66	0.08	0.42	0.61	0.15	0.67	0.73	0.82	-0.14	-0.83	0.21	0.14	0.17	0.03	0.67	0.66	0.41	0.54	0.16	0.82
Total Permanent Equity	0.77	-0.06	0.37	0.63	-0.47	0.66		0.21	0.07	0.48	0.57	0.75	0.69	0.64	-0.43	-0.32	0.44	-0.23	0.48	-0.14	0.77	1.0	0.48	0.8	0.51	0.63
Retained Earnings	0.38	-0.18	0.19	0.46	-0.16	0.08	0.21		0.35	0.38	0.12	0.39	0.34	0.46	-0.45	0.13	0.15	0.25	0.09	-0.99	0.34	0.21	0.32	0.35	0.13	0.48
Accounts Payable	0.22	0.13	0.17	0.4	0.58	0.42	0.07	0.35		0.39	-0.08	0.11	0.1	0.31	0.25	-0.53	-0.13	-0.03	0.04	-0.32	0.11	0.07	0.09	-0.09	-0.22	0.39
Cash	0.77	-0.21	0.34	0.72	0.12	0.61	0.48	0.38	0.39		0.19	0.74	0.39	0.81	-0.59	-0.54	0.39	0.28	0.26	-0.31	0.73	0.48	0.73	0.59	0.26	0.8
Other Assets	0.52	0.32	0.66	0.12	-0.3	0.15	0.57	0.12	-0.08	0.19		0.54	0.13	0.31	-0.57	-0.12	0.27	-0.26	0.87	-0.11	0.6	0.57	0.31	0.64	0.56	0.31
Long Term Debt	0.98	-0.36	0.37	0.78	-0.27	0.67	0.75	0.39	0.11	0.74	0.54		0.66	0.87	-0.69	-0.45	0.65	0.22	0.38	-0.31	0.99	0.75	0.75	0.86	0.6	0.85
Net Receivables	0.67	-0.5	0.16	0.81	-0.17	0.73	0.69	0.34	0.1	0.39	0.13	0.66		0.72	-0.28	-0.36	0.35	0.03	0.01	-0.25	0.62	0.69	0.37	0.66	0.2	0.63
Common Stock Total Equity	0.89	-0.39	0.35	0.95	-0.02	0.82	0.64	0.46	0.31	0.81	0.31	0.87	0.72		-0.6	-0.66	0.44	0.35	0.23	-0.36	0.83	0.64	0.67	0.75	0.4	0.95
Retained Earnings Total Equity	-0.61	0.15	-0.5	-0.39	0.27	-0.14	-0.43	-0.45	0.25	-0.59	-0.57	-0.69	-0.28	-0.6		-0.01	-0.44	-0.16	-0.46	0.42	-0.67	-0.43	-0.69	-0.72	-0.57	-0.57
Common Stock Shares Outstanding	-0.54	0.14	-0.23	-0.64	-0.39	-0.83	-0.32	0.13	-0.53	-0.54	-0.12	-0.45	-0.36	-0.66	-0.01		-0.14	-0.24	-0.14	-0.22	-0.47	-0.33	-0.31	-0.32	-0.14	-0.61
Short Term Investments	0.55	-0.67	-0.13	0.33	-0.39	0.21	0.44	0.15	-0.13	0.39	0.27	0.65	0.35	0.44	-0.44	-0.14		0.2	-0.08	-0.11	0.61	0.44	0.43	0.5	0.68	0.31
Inventory	0.2	-0.48	-0.35	0.33	-0.04	0.14	-0.23	0.25	-0.03	0.28	-0.26	0.22	0.03	0.35	-0.16	-0.24	0.2		-0.29	-0.22	0.14	-0.23	0.14	0.03	-0.08	0.29
Other Current Assets	0.41	0.64	0.8	0.09	-0.15	0.17	0.48	0.09	0.04	0.26	0.87	0.38	0.01	0.23	-0.46	-0.14	-0.08	-0.29		-0.09	0.46	0.48	0.28	0.55	0.19	0.29
Other Stockholder Equity	-0.3	0.14	-0.18	-0.35	0.17	0.03	-0.14	-0.99	-0.32	-0.31	-0.11	-0.31	-0.25	-0.36	0.42	-0.22	-0.11	-0.22	-0.09		-0.27	-0.14	-0.27	-0.29	-0.11	-0.39
Total Liab	0.98	-0.26	0.43	0.74	-0.27	0.67	0.77	0.34	0.11	0.73	0.6	0.99	0.62	0.83	-0.67	-0.47	0.61	0.14	0.46	-0.27		0.77	0.75	0.86	0.6	0.83
Additional Paid In Capital	0.77	-0.06	0.37	0.63	-0.47	0.66	1.0	0.21	0.07	0.48	0.57	0.75	0.69	0.64	-0.43	-0.33	0.44	-0.23	0.48	-0.14	0.77		0.48	0.8	0.51	0.63
Deferred Long Term Liab	0.72	-0.23	0.56	0.53	-0.01	0.41	0.48	0.32	0.09	0.73	0.31	0.75	0.37	0.67	-0.69	-0.31	0.43	0.14	0.28	-0.27	0.75	0.48		0.72	0.47	0.69
Long Term Investments	0.82	-0.21	0.6	0.62	-0.37	0.54	0.8	0.35	-0.09	0.59	0.64	0.86	0.66	0.75	-0.72	-0.32	0.5	0.03	0.55	-0.29	0.86	0.8	0.72		0.57	0.66
Short Long Term Debt	0.5	-0.34	0.17	0.21	-0.45	0.16	0.51	0.13	-0.22	0.26	0.56	0.6	0.2	0.4	-0.57	-0.14	0.68	-0.08	0.19	-0.11	0.6	0.51	0.47	0.57		0.34
Preferred Stock Total Equity	0.9	-0.21	0.38	0.93	-0.01	0.82	0.63	0.48	0.39	0.8	0.31	0.85	0.63	0.95	-0.57	-0.61	0.31	0.29	0.29	-0.39	0.83	0.63	0.69	0.66	0.34

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Summit Hotel Account Relationship Matchups

Summit Hotel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.2B	2.3B	3.0B	2.9B	1.7B
Other Current Liab	(343.2M)	(432.4M)	(277.3M)	(246.2M)	237.7M	249.6M
Total Current Liabilities	76.5M	67.8M	70.7M	86.8M	286.0M	300.3M
Total Stockholder Equity	1.2B	988.7M	948.1M	959.8M	911.2M	776.1M
Other Liab	8.2M	2.8M	4.8M	9.9M	8.9M	9.9M
Net Tangible Assets	1.2B	988.6M	948.0M	924.9M	1.1B	912.2M
Noncontrolling Interest In Consolidated Entity	2.3M	69.6M	63.3M	159.1M	143.2M	150.4M
Retained Earnings	(2.3M)	(179.0M)	(262.6M)	(288.2M)	(339.8M)	(356.8M)
Accounts Payable	4.8M	2.7M	4.5M	5.5M	4.8M	5.2M
Cash	42.2M	20.7M	64.5M	51.3M	47.8M	33.7M
Other Assets	40.3M	2.2B	94.0M	2.9B	3.4B	3.5B
Long Term Debt	1.0B	1.1B	1.1B	1.5B	1.2B	713.1M
Net Receivables	44.2M	35.5M	14.5M	21.0M	21.3M	19.3M
Common Stock Total Equity	1.0M	1.1M	1.1M	1.1M	956.7K	908.9K
Retained Earnings Total Equity	4.8M	(2.3M)	(179.0M)	(262.6M)	(236.4M)	(224.6M)
Common Stock Shares Outstanding	103.9M	104.1M	104.5M	105.1M	105.5M	144.0M
Short Term Investments	29.5M	3.5M	2.1B	2.8B	14.0M	13.3M
Inventory	33.6M	25.7M	54.1M	89.1M	(14.0M)	(13.3M)
Other Current Assets	3.3M	2.6M	3.3M	47.8M	93.3M	97.9M
Other Stockholder Equity	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B
Total Liab	1.1B	1.2B	1.2B	1.6B	1.5B	839.8M
Deferred Long Term Liab	4.7M	4.4M	11.1M	7.4M	8.5M	4.3M
Short Long Term Debt	16.2M	497.5M	343.5M	215M	200M	117.5M
Total Current Assets	123.3M	84.5M	136.3M	169.8M	166.4M	105.2M
Accumulated Other Comprehensive Income	(16.0M)	(30.7M)	(15.6M)	14.5M	11.0M	11.5M
Short Term Debt	415M	497.5M	343.5M	217.2M	16.9M	16.1M
Common Stock	1.1M	1.1M	1.1M	1.1M	1.1M	1.0M
Property Plant Equipment	2.1B	2.1B	1.5M	2.8B	3.3B	3.4B
Short Long Term Debt Total	1.4B	1.6B	1.4B	1.7B	1.5B	1.0B
Property Plant And Equipment Net	29.9M	28.4M	26.9M	35.0M	34.8M	33.1M
Net Debt	993.5M	1.1B	1.0B	1.6B	1.4B	815.9M
Non Current Assets Total	2.2B	2.1B	2.1B	2.9B	2.8B	1.7B
Non Currrent Assets Other	2.2B	8.2M	3.8M	2.8B	2.7B	2.8B
Cash And Short Term Investments	42.2M	20.7M	64.5M	51.3M	51.8M	36.1M
Liabilities And Stockholders Equity	2.4B	2.2B	2.3B	3.0B	2.9B	1.8B

Pair Trading with Summit Hotel

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Hotel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Hotel will appreciate offsetting losses from the drop in the long position's value.

Moving against Summit Stock

0.59	KIM	Kimco Realty	Pair Corr
0.55	AKR	Acadia Realty Trust	Pair Corr
0.52	UE	Urban Edge Properties	Pair Corr
0.52	IVT	Inventrust Properties	Pair Corr
0.49	REG	Regency Centers	Pair Corr

The ability to find closely correlated positions to Summit Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Hotel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Hotel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Hotel Properties to buy it.

The correlation of Summit Hotel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Hotel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Hotel Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Summit Hotel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Summit Hotel Properties offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Hotel's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Hotel Properties Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Hotel Properties Stock:

How To Invest In Summit

Details

Is Summit Stock a good investment?

Details

What is Summit Hotel's Net Worth?

Details

Largest Hotel & Resort REITs Companies

View

Largest Equity Real Estate Investment Trusts (REITs) Companies

View

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Is Hotel & Resort REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.79)

Dividend Share

0.28

Earnings Share

0.05

Revenue Per Share

6.957

Quarterly Revenue Growth

(0.03)

The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Summit Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Summit Hotel fundamental ratios Correlations

Summit Hotel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Hotel fundamental ratios Accounts

Pair Trading with Summit Hotel

Moving against Summit Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Additional Paid In Capital	+ 1.0	Total Permanent Equity
Total Liab	+ 0.99	Long Term Debt
Long Term Debt	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Common Stock Total Equity	+ 0.95	Total Stockholder Equity
Preferred Stock Total Equity	+ 0.95	Common Stock Total Equity

Other Stockholder Equity	- 0.99	Retained Earnings
Common Stock Shares Outstanding	- 0.83	Net Tangible Assets
Long Term Investments	- 0.72	Retained Earnings Total Equity
Deferred Long Term Liab	- 0.69	Retained Earnings Total Equity
Retained Earnings Total Equity	- 0.69	Long Term Debt
Total Liab	- 0.67	Retained Earnings Total Equity