Summit Hotel Properties (FRA:SDP) Cash, Cash Equivalents, Marketable Securities : €58.4 Mil (As of Mar. 2024)

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What is Summit Hotel Properties Cash, Cash Equivalents, Marketable Securities?

Summit Hotel Properties's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (€51.82 Mil) to Dec. 2023 (€34.70 Mil) but then increased from Dec. 2023 (€34.70 Mil) to Mar. 2024 (€58.36 Mil).

Summit Hotel Properties's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (€57.07 Mil) to Dec. 2022 (€48.39 Mil) and declined from Dec. 2022 (€48.39 Mil) to Dec. 2023 (€34.70 Mil).

Summit Hotel Properties Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Summit Hotel Properties's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Hotel Properties Cash, Cash Equivalents, Marketable Securities Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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38.01

17.03

57.07

48.39

34.70

Summit Hotel Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															56.67	53.96	51.82	34.70	58.36

Summit Hotel Properties Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Summit Hotel Properties (FRA:SDP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Summit Hotel Properties Cash, Cash Equivalents, Marketable Securities Related Terms

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Summit Hotel Properties (FRA:SDP) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (FRA:SDP) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.