Summit Hotel Properties, Inc.

Summit Hotel Properties, Inc.verified

INN

Price:

$6.855

Market Cap:

$743.21M

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.[Read more]

Industry

REIT - Hotel & Motel

IPO Date

2011-02-09

Stock Exchange

NYSE

Ticker

INN

The Current Ratio as of December 2024 (TTM) for Summit Hotel Properties, Inc. (INN) is 26.67

According to Summit Hotel Properties, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 26.67. This represents a change of 251.08% compared to the average of 7.60 of the last 4 quarters.

Summit Hotel Properties, Inc. (INN) Historical Current Ratio (quarterly & annually)

How has INN Current Ratio performed in the past?

The mean historical Current Ratio of Summit Hotel Properties, Inc. over the last ten years is 1.90. The current 26.67 Current Ratio has changed 140.21% with respect to the historical average. Over the past ten years (40 quarters), INN's Current Ratio was at its highest in in the September 2024 quarter at 26.67. The Current Ratio was at its lowest in in the March 2015 quarter at 0.34.

Quarterly (TTM)
Annual

Average

1.90

Median

1.77

Minimum

0.41

Maximum

4.66

Summit Hotel Properties, Inc. (INN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Summit Hotel Properties, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.03%

Maximum Annual Current Ratio = 4.66

Minimum Annual Increase = -87.39%

Minimum Annual Current Ratio = 0.41

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.58-70.25%
20221.961.37%
20211.9354.62%
20201.25-22.58%
20191.61-14.71%
20181.8914.55%
20171.65-46.28%
20163.07-34.11%
20154.661.03%
20140.41-87.39%

Summit Hotel Properties, Inc. (INN) Average Current Ratio

How has INN Current Ratio performed in the past?

The current Current Ratio of Summit Hotel Properties, Inc. (INN) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.49

5-year avg

1.47

10-year avg

1.90

Summit Hotel Properties, Inc. (INN) Current Ratio vs. Peers

How is INN’s Current Ratio compared to its peers?

Summit Hotel Properties, Inc.’s Current Ratio is greater than DiamondRock Hospitality Company (0.92), greater than RLJ Lodging Trust (1.93), greater than Pebblebrook Hotel Trust (0.55), greater than Sunstone Hotel Investors, Inc. (0.22), greater than RLJ Lodging Trust (1.93), greater than Ryman Hospitality Properties, Inc. (1.36), less than Chatham Lodging Trust (0), greater than Hersha Hospitality Trust (0.83), greater than null (3.46),

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