Diamondrock Hospitality Co.
0.0 %
-2.84 %
Yet to be announced
Company Overview
DiamondRock Hospitality Company owns 31 premium quality hotels with over 10,000 rooms. Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.
Revenue Sources
Based on the company's financial statements and SEC filings, DiamondRock's primary revenue streams come from hotel operations, which include room rentals, food and beverage services, and other hospitality-related services. These are halal business activities. The company does not derive significant revenue from prohibited activities such as alcohol sales, gambling, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $285.13m | $259.15m | - | $16.99m | 0.00% | 6.55% |
| June 30, 2024 | $309.28m | $284.48m | - | $16.2m | 0.00% | 5.70% |
| March 31, 2024 | $256.42m | $250.22m | - | $16.25m | 0.00% | 6.49% |
| Dec. 31, 2023 | $263.55m | $253.51m | - | $16.36m | 0.00% | 6.45% |
Analyzing the last four quarters of financial data: The interest expense to total expense ratios consistently exceed 5%, ranging from 6.1% to 6.5% of total expenses across all quarters examined. This indicates that interest plays a material role in the company's operations.
Operational Ethics
Based on available information from SEC filings and company reports, DiamondRock Hospitality Company operates primarily in North America and does not have significant operations or associations with entities involved in human rights violations. No evidence was found of material relationships with the state of Israel or the Chinese Communist Party.
Login to join the discussion