InnSuites Hospitality Trust (IHT) Financial Statements (2024 and earlier)

Company Profile

Business Address INNSUITES HOTELS CENTRE
PHOENIX, AZ 85020
State of Incorp. OH
Fiscal Year End January 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
MRQ
1/31/2023
10/31/2022
MRQ
1/31/2022
1/31/2021
1/31/2020
1/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,111 1,2241,7031,2012,646
Cash and cash equivalents2,111 1,2241,7031,201749
Short-term investments      1,897
Receivables102 128 1,6771,452
Prepaid expense      13
Disposal group, including discontinued operation      320
Other undisclosed current assets1,955 469 372714
Total current assets:4,168 1,8211,7033,2505,146
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 21 49 132
Operating lease, right-of-use asset2,108 2,054 2,197
Property, plant and equipment7,209 7,579 8,9839,533
Long-term investments and receivables1,925 1,925 1,8332,521
Due from related parties    1,8332,521
Accounts and financing receivable, after allowance for credit loss1,925 1,925   
Other undisclosed noncurrent assets1,589 1,274 600 
Total noncurrent assets:12,852 12,881 13,74612,054
TOTAL ASSETS:17,020 14,7021,70316,99517,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:990 901 1,3851,092
Interest and dividends payable   5
Taxes payable  147631
Employee-related liabilities  98281
Accounts payable 85 203 421166
Accrued liabilities 711 143 244270
Other undisclosed accounts payable and accrued liabilities195 555 475(261)
Deferred revenue     59
Debt809 224 1,0161,353
Disposal group, including discontinued operation      547
Due to related parties    161318
Other undisclosed current liabilities12 37 110 
Total current liabilities:1,811 1,163 2,7313,310
Noncurrent Liabilities
Long-term debt and lease obligation9,259 8,4302,3638,3474,975
Long-term debt, excluding current maturities9,251 6,133 6,0184,975
Finance lease, liability 8 235275
Liabilities, other than long-term debt2,268 978  167
Due to related parties  978  167
Operating lease, liability2,268 2,2732,3112,253
Other undisclosed noncurrent liabilities     (2,253) 
Total noncurrent liabilities:11,527 9,4074,6748,3475,141
Total liabilities:13,338 10,5704,67411,0788,451
Equity
Equity, attributable to parent6,575 6,469 8,14810,220
Common stock6,992 6,599 21,83723,738
Treasury stock, value(417) (130) (13,690)(13,518)
Equity, attributable to noncontrolling interest(2,893) (2,337) (2,230)(1,472)
Other undisclosed equity    2,510  
Total equity:3,682 4,1322,5105,9188,749
TOTAL LIABILITIES AND EQUITY:17,020 14,7027,18316,99517,200

Income Statement (P&L) ($ in thousands)

10/31/2023
TTM
1/31/2023
10/31/2022
TTM
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Revenues7,500 6,4104,2036,5686,169
Cost of revenue
(Cost of Goods and Services Sold)
      (4)
Gross profit:7,500 6,4104,2036,5686,165
Operating expenses(7,443) (6,713)(7,015)(8,421) 
Other undisclosed operating loss(354)     
Operating income (loss):(297) (303)(2,812)(1,853)6,165
Nonoperating income (expense)68 1,061276147 
Investment income, nonoperating65 61130147 
Interest and debt expense(530) (367)(361)(567)(381)
Income (loss) from continuing operations before income taxes:(760) 391(2,897)(2,273)5,784
Income tax expense (benefit) 93 0(69)294(408)
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(666) 391(2,965)(1,978)5,376
Income (loss) before gain (loss) on sale of properties:391(2,965)(4,251)3,799
Loss from discontinued operations     (2,273)(1,578)
Other undisclosed net income1,403 1,1491372,2737,307
Net income (loss):737 1,540(2,828)(1,978)11,106
Net income (loss) attributable to noncontrolling interest(214) (1,286)1,202237(9,686)
Net income (loss) available to common stockholders, basic:523 254(1,626)(1,742)1,420
Dilutive securities, effect on basic earnings per share      3,024
Net income (loss) available to common stockholders, diluted:523 254(1,626)(1,742)4,444

Comprehensive Income ($ in thousands)

10/31/2023
TTM
1/31/2023
10/31/2022
TTM
1/31/2022
1/31/2021
1/31/2020
1/31/2019
Net income (loss):737 1,540(2,828)(1,978)11,106
Comprehensive income (loss):737 1,540(2,828)(1,978)11,106
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(214) (1,286)1,202237(9,686)
Comprehensive income (loss), net of tax, attributable to parent:523 254(1,626)(1,742)1,420

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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