INNSUITES HOSPITALITY TRUST company info

CIK 82473
IRS Number 346647590
State of incorporation OH
Business address INNSUITES HOTELS CENTRE
1625 E NORTHERN AVE STE 105
PHOENIX
AZ
85020
Mail address 925 EUCLID AVENUE
SUITE 1750
CLEVELAND
OH
44115

Short summary

INNSUITES HOSPITALITY TRUST is a Arizona company, with head office located at Innsuites Hotels Centre Phoenix, Arizona 85020. The company achieved a record breaking net income last year - 1.42 million USD. This is 1.58% higher than one reported in 2017. In 2018 the company owned a total of 17.20 million USD worth of assets, including 5.15 million USD worth of current assets. 2010 was the year when the company amassed the most assets.

INNSUITES HOSPITALITY TRUST Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Operating Expenses 16.8216.9915.1014.874.7512.3015.3013.887.47
Operating Income (Loss) -1.080.08-0.120.01-1.91-0.68-2.36-3.11-1.31
Interest expense 1.591.530.960.820.880.730.730.660.38
Income Tax Expense (Benefit) 0.030.040.200.10-0.230.340.41
Net income -2.01-1.08-1.01-1.02-2.100.43-2.191.401.42

INNSUITES HOSPITALITY TRUST Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 0.410.610.840.190.540.330.750.472.560.75
Accounts Receivable, Net, Current 0.660.920.450.440.270.551.170.430.24
Goodwill 0.500.50
Total assets 27.9427.3825.4925.3826.6823.8622.7522.5817.20
Current assets 1.742.030.881.450.772.801.837.805.15
Accounts payable 0.630.760.951.021.020.380.740.17
Taxes Payable, Current 0.030.030.050.200.240.020.340.63
Total current liabilities 10.483.203.0014.589.253.364.114.253.31
Long-term Debt 20.7620.2821.5514.8516.3812.036.80
Total liabilities 24.6522.6821.5821.4022.9516.8017.6215.188.45
Common Stock, Value, Issued 15.4116.2315.4214.1714.6718.6018.3121.8123.74

INNSUITES HOSPITALITY TRUST Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income -2.01-1.08-1.01-1.02-2.100.43-2.191.401.42
Depreciation 1.781.182.091.471.24
Amortization of Intangible Assets 0.070.070.43
Deferred Income Tax Expense (Benefit) -3.13
Accounts receivable -0.21-0.04-0.060.10-0.16-0.210.48-0.40-0.13
Net Cash Provided by (Used in) Operating Activities -0.680.940.870.720.60-0.60-0.87-1.55-1.80
Net Cash Provided by (Used in) Investing Activities -1.09-0.97-1.14-0.86-1.300.65-0.904.488.37
Proceeds from Issuance of Common Stock 3.000.40
Payments for Repurchase of Common Stock 0.090.000.00
Net Cash Provided by (Used in) Financing Activities 1.850.52-0.220.040.811.400.381.28-10.40
Cash and Cash Equivalents, Period Increase (Decrease) 0.090.49-0.49-0.100.111.45-1.394.21-3.83