Summit Non Current Assets Total vs Net Debt Analysis
INN Stock | USD 6.12 0.10 1.66% |
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 Non Current Assets Total and its Net Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Non Current Assets Total vs Net Debt
Non Current Assets Total vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Hotel Properties Non Current Assets Total account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Summit Hotel's Non Current Assets Total and Net Debt is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Debt 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 Non Current Assets Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Summit Hotel Properties are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Assets Total i.e., Summit Hotel's Non Current Assets Total and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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 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 tightly coupled 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 1st of June 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 | 98.4M | 103.3M | Depreciation And Amortization | 106.0M | 143.6M | 150.9M | 82.7M |
Summit Hotel fundamental ratios Correlations
Click cells to compare fundamentals
Summit Hotel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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) | (133.7M) | 264.3M | 277.5M | |
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 | |
Inventory | 33.6M | 25.7M | 54.1M | 89.1M | (14.0M) | (13.3M) | |
Other Current Assets | 3.3M | 2.6M | 3.3M | 8.4M | (69.1M) | (65.7M) | |
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 | 151.5M | 104.2M | |
Accumulated Other Comprehensive Income | (16.0M) | (30.7M) | (15.6M) | 14.5M | 11.0M | 11.5M | |
Short Term Debt | 415M | 497.5M | 343.5M | 215M | 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 | 1.0B | 1.1B | 1.1B | 1.7B | 1.5B | 851.8M | |
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 | 47.8M | 35.8M | |
Liabilities And Stockholders Equity | 2.4B | 2.2B | 2.3B | 3.0B | 2.9B | 1.8B |
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Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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Is Summit Hotel's industry 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 0.24 | Earnings Share (0.24) | Revenue Per Share 7.022 | Quarterly Revenue Growth 0.032 |
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.