Summit Historical Balance Sheet

INN Stock

USD 6.37 0.14 2.25%

Trend analysis of Summit Hotel Properties balance sheet accounts such as Total Current Liabilities of 300.3 M or Total Stockholder Equity of 776.1 M provides information on Summit Hotel's total assets, liabilities, and equity, which is the actual value of Summit Hotel Properties to its prevalent stockholders. By breaking down trends over time using Summit Hotel balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Summit Hotel Properties latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Summit Hotel Properties is a good buy for the upcoming year.

Summit Hotel Inventory

(13.26 Million)

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.

About Summit Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Summit Hotel Properties at a specified time, usually calculated after every quarter, six months, or one year. Summit Hotel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Summit Hotel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Summit currently owns. An asset can also be divided into two categories, current and non-current.

Summit Hotel Balance Sheet Chart

At this time, Summit Hotel's Other Assets are very stable compared to the past year. As of the 25th of November 2024, Common Stock Shares Outstanding is likely to grow to about 144 M, while Total Assets are likely to drop about 1.7 B.

Common Stock Shares Outstanding Short Long Term Debt Total Property Plant And Equipment Net Net Debt

Add Fundamental

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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.

Most accounts from Summit Hotel's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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.

	2021	2022	2023	2024 (projected)
Non Current Assets Total	2.1B	2.9B	2.8B	1.7B
Net Debt	1.0B	1.6B	1.4B	815.9M

Non Current Assets Total Net Debt

Summit Hotel balance sheet 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

Click cells to compare fundamentals

Summit Hotel Account Relationship Matchups

Summit Hotel balance sheet 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

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Summit Historical Balance Sheet

Summit Hotel Inventory

(13.26 Million)

About Summit Balance Sheet Analysis

Summit Hotel Balance Sheet Chart

Common Stock Shares Outstanding

Property Plant And Equipment Net

Net Debt

Summit Hotel balance sheet Correlations

Summit Hotel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Hotel balance sheet 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