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Summit Hotel Properties inc   (INN)
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Summit Hotel Properties Inc 's Quick Ratio

INN's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Quick Ratio deteriorated to 7.84 above company average Quick Ratio.

Within Real Estate Investment Trusts industry 11 other companies have achieved higher Quick Ratio than Summit Hotel Properties Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 128, from total ranking in the third quarter 2023 at 380.

Explain Quick Ratio?
How much Cash & cash equivalents INNīs has?
What are INNīs Current Liabilities?


INN Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -12.51 % 16.59 % -34.24 % 2.23 % 23.64 %
Y / Y Cash & cash equivalent Change -26.18 % -23.84 % -46.86 % -26.36 % -20.52 %
Quick Ratio MRQ 7.84 8.04 10.67 11.11 9.29
INN's Total Ranking # 128 # 380 # 329 # 79 # 133
Seq. Current Liabilities Change -29.84 % 25.57 % 0.35 % -1.03 % -6.51 %
Seq. Cash & cash equivalent Change -31.59 % -5.39 % -3.66 % 18.38 % -29.42 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Real Estate Investment Trusts Industry # 12
Financial Sector # 38
Overall Market # 128


Quick Ratio Statistics
High Average Low
18.43 4.37 0.51
(Jun 30 2021)   (Sep 30 2020)




Financial Statements
Summit Hotel Properties Inc 's Current Liabilities $ 5 Millions Visit INN's Balance sheet
Summit Hotel Properties Inc 's Cash & cash equivalent $ 38 Millions Visit INN's Balance sheet
Source of INN's Sales Visit INN's Sales by Geography


Cumulative Summit Hotel Properties Inc 's Quick Ratio

INN's Quick Ratio for the trailling 12 Months

INN Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -12.51 % 16.59 % -34.24 % 2.23 % 23.64 %
Y / Y Cash & cash equivalent TTM Growth -26.18 % -23.84 % -46.86 % -26.36 % -20.52 %
Quick Ratio TTM 9.37 9.67 10.87 11.68 12.6
Total Ranking TTM # 66 # 269 # 102 # 61 # 315
Seq. Current Liabilities TTM Growth -29.84 % 25.57 % 0.35 % -1.03 % -6.51 %
Seq. Cash & cash equivalent TTM Growth -31.59 % -5.39 % -3.66 % 18.38 % -29.42 %


On the trailing twelve months basis In spite of the year on year decrease in INN's Current Liabilities to $4.83 millions, cumulative Quick Ratio to 9.37 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Real Estate Investment Trusts industry 11 other companies have achieved higher Quick Ratio than Summit Hotel Properties Inc . While Quick Ratio overall ranking has improved so far to 66, from total ranking during the twelve months ending third quarter 2023 at 269.

Explain Quick Ratio?
How much Cash & cash equivalents INNīs has?
What are INNīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Real Estate Investment Trusts Industry # 12
Financial Sector # 38
Within the Market # 66


trailing twelve months Quick Ratio Statistics
High Average Low
18.43 4.37 0.51
(Jun 30 2021)   (Sep 30 2020)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Real Estate Investment Trusts Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Ladder Capital Corp  15.25 $ 1,015.678  Millions$ 66.598  Millions
Great Ajax Corp  11.92 $ 112.525  Millions$ 9.437  Millions
Ltc Properties Inc   11.40 $ 497.552  Millions$ 43.649  Millions
Lument Finance Trust Inc   11.01 $ 51.247  Millions$ 4.655  Millions
Diversified Healthcare Trust  10.76 $ 245.939  Millions$ 22.847  Millions
Alexanders Inc  10.28 $ 531.855  Millions$ 51.750  Millions
Transcontinental Realty Investors Inc   9.26 $ 127.148  Millions$ 13.735  Millions
Caretrust Reit Inc   8.66 $ 294.448  Millions$ 33.992  Millions
Bluerock Homes Trust Inc   7.91 $ 80.163  Millions$ 10.129  Millions
Summit Hotel Properties inc   7.84 $ 37.837  Millions$ 4.827  Millions
Lxp Industrial Trust  5.68 $ 329.387  Millions$ 57.981  Millions
Peakstone Realty Trust  5.01 $ 391.802  Millions$ 78.229  Millions
Kkr Real Estate Finance Trust Inc   4.56 $ 135.898  Millions$ 29.805  Millions
Umh Properties Inc   4.33 $ 91.826  Millions$ 21.223  Millions
Douglas Emmett Inc   3.99 $ 523.082  Millions$ 131.237  Millions
Sl green Realty corp  3.77 $ 578.159  Millions$ 153.164  Millions
Boston Properties Inc   3.60 $ 1,648.904  Millions$ 458.329  Millions
Rlj Lodging Trust  3.50 $ 516.675  Millions$ 147.819  Millions
Hines Global Income Trust Inc   3.25 $ 250.887  Millions$ 77.178  Millions
Netstreit Corp   3.14 $ 114.472  Millions$ 36.498  Millions
Northstar Healthcare Income Inc   3.09 $ 85.037  Millions$ 27.502  Millions
Diamondrock Hospitality Co  3.07 $ 121.595  Millions$ 39.563  Millions
Brightspire Capital Inc   3.01 $ 257.506  Millions$ 85.501  Millions
Nexpoint Real Estate Finance Inc   2.36 $ 731.456  Millions$ 309.942  Millions
Chatham Lodging Trust  2.33 $ 68.130  Millions$ 29.255  Millions
Vici Properties Inc   2.30 $ 522.574  Millions$ 227.241  Millions
Kilroy Realty Corporation  2.14 $ 794.833  Millions$ 371.179  Millions
Jll Income Property Trust Inc   1.98 $ 138.087  Millions$ 69.620  Millions
Gladstone Land Corp  1.80 $ 18.571  Millions$ 10.298  Millions
Annaly Capital Management Inc  1.75 $ 1,412.148  Millions$ 806.352  Millions

Date modified: 2024-02-29T16:55:24+00:00



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