What is Morgans Hotel Group Co Cash-to-Debt?
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Morgans Hotel Group Co's cash to debt ratio for the quarter that ended in Sep. 2016 was 0.02.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Morgans Hotel Group Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2016.
The historical rank and industry rank for Morgans Hotel Group Co's Cash-to-Debt or its related term are showing as below:
Morgans Hotel Group Co Cash-to-Debt Historical Data
The historical data trend for Morgans Hotel Group Co's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Morgans Hotel Group Co Cash-to-Debt Chart
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Morgans Hotel Group Co Annual Data
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Trend |
Dec06 |
Dec07 |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
| Cash-to-Debt |
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0.07 |
0.01 |
0.02 |
0.02 |
0.08 |
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Morgans Hotel Group Co Quarterly Data
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Dec11 |
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
Dec15 |
Mar16 |
Jun16 |
Sep16 |
| Cash-to-Debt |
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0.06 |
0.08 |
0.02 |
0.02 |
0.02 |
Competitive Comparison of Morgans Hotel Group Co's Cash-to-Debt
For the Lodging subindustry, Morgans Hotel Group Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Morgans Hotel Group Co's Cash-to-Debt Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Morgans Hotel Group Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Morgans Hotel Group Co's Cash-to-Debt falls into.
Morgans Hotel Group Co Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Morgans Hotel Group Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 is calculated as:
Morgans Hotel Group Co's Cash to Debt Ratio for the quarter that ended in Sep. 2016 is calculated as:
* 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.
Morgans Hotel Group Co (Morgans Hotel Group Co) Business Description
Traded in Other Exchanges
N/A
Address
Morgans Hotel Group Co was incorporated in the state of Delaware on October 19, 2005. The company is a fully-integrated lifestyle hospitality company that operates, owns, acquires, develops and redevelops boutique hotels in gateway cities and select resort markets in the United States, Europe and other international locations. The Company's portfolio of Morgans Hotel Group branded hotel properties and food and beverage operations and entities consisted of: three owned hotels, consisting of Hudson in New York, Delano South Beach in Miami Beach, and Clift in San Francisco comprising approximately 1,450 rooms, and the food and beverage operations located at these hotels; owned food and beverage operations, consisting of leasehold interests in the food and beverage operations located at Sanderson, in London, and Mandalay Bay in Las Vegas; two joint venture hotels, consisting of Mondrian South Beach in Miami Beach and Mondrian SoHo in New York, comprising approximately 500 rooms and the Company's investment in the food and beverage venture at Mondrian South Beach in Miami Beach; seven managed hotels, consisting of Royalton and Morgans in New York, Shore Club in Miami Beach, Mondrian in Los Angeles, Sanderson, St Martins Lane, and Mondrian London in London, comprising approximately 1,550 rooms; the Company's licensed hotel, Delano Las Vegas, comprising 1,117 rooms and franchised hotel, 10 Karakoy, in Istanbul, comprising 71 rooms; 90% controlling interest in TLG Acquisition LLC which operates numerous food and beverage and nightclub venues primarily in Las Vegas pursuant to management agreements with MGM Resorts International; and the Company's investments in certain hotels under development and other proposed properties. The Company is subject to numerous United States and international laws, including laws governing employees in its hotels in such areas as minimum wage and maximum working hours, overtime, working conditions, hiring and firing employees and work permits.
Executives
| Howard M Lorber |
director |
4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137 |
| Meredith L Deutsch |
officer: See Remarks |
C/O MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018 |
| Kenneth Edward Cruse |
director |
903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673 |
| Martin L Edelman |
director |
C/O PAUL HASTINGS JANOFSKY & WALKER LLP, 75 EAST 55TH STREET, NEW YORK NY 10022 |
| Jonathan A Langer |
director |
C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
| Michael Jonathan Gross |
other: Former Chief Executive Officer |
623 FIFTH AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Parag Vora |
director |
870 SEVENTH AVENUE, 2ND FLOOR, NEW YORK NY 10019 |
| Yucaipa American Funds, Llc |
10 percent owner |
C/O THE YUCAIPA COMPANIES LLC, 9130 WEST SUNSET BOULEVARD, LOS ANGELES CA 90069 |
| Ronald W Burkle |
director, 10 percent owner |
|
| Thomas L Harrison |
director |
|
| Michael D Malone |
director |
2430 LEMON TREE LANE, CHARLOTTE NC 28211 |
| Yucaipa American Management, Llc |
10 percent owner |
C/O THE YUCAIPA COMPANIES LLC, 9130 WEST SUNSET BOULEVARD, LOS ANGELES CA 90069 |
| Jeffrey M Gault |
director |
MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018 |
| David T Hamamoto |
director, 10 percent owner, officer: Executive Chairman |
C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071 |
| Fred J Kleisner |
director, officer: CEO |
C/O MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018 |
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