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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Red Lion Hotels's current ratio for the quarter that ended in Sep. 2020 was 2.89.
Red Lion Hotels has a current ratio of 2.89. It generally indicates good short-term financial strength.
The historical rank and industry rank for Red Lion Hotels's Current Ratio or its related term are showing as below:
The historical data trend for Red Lion Hotels's Current Ratio 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.
Red Lion Hotels Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 2.25 | 1.88 | 1.14 | 1.11 | 1.65 |
Red Lion Hotels Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Current Ratio | Get a 7-Day Free Trial | 1.19 | 1.65 | 2.78 | 2.91 | 2.89 |
For the Lodging subindustry, Red Lion Hotels's Current Ratio, along with its competitors' market caps and Current Ratio 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.
For the Travel & Leisure industry and Consumer Cyclical sector, Red Lion Hotels's Current Ratio distribution charts can be found below:
* The bar in red indicates where Red Lion Hotels's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Red Lion Hotels's Current Ratio for the fiscal year that ended in Dec. 2019 is calculated as
Current Ratio (A: Dec. 2019 ) | = | Total Current Assets (A: Dec. 2019 ) | / | Total Current Liabilities (A: Dec. 2019 ) |
= | 58.509 | / | 35.481 | |
= | 1.65 |
Red Lion Hotels's Current Ratio for the quarter that ended in Sep. 2020 is calculated as
Current Ratio (Q: Sep. 2020 ) | = | Total Current Assets (Q: Sep. 2020 ) | / | Total Current Liabilities (Q: Sep. 2020 ) |
= | 49.528 | / | 17.153 | |
= | 2.89 |
* 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.
Red Lion Hotels (NYSE:RLH) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Red Lion Hotels's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederic F Brace | director | 707 W. SMUGGLER ST, ASPEN CO 81611 |
R Carter Pate | director | 5739 WORTHAM LANE, DALLAS TX 75252 |
Ted Darnall | director | 1550 MARKET STREET #350 DENVER CO 80202 |
Janet L Hendrickson | director | 1550 MARKET STREET #425 DENVER CO 80202 |
Kenneth R Trammell | director | |
Joseph B Megibow | director | 201 W NORHT RIVER DR #100, SPOKANE WA 99201 |
Linda C Coughlin | director | C/O CENDANT CORPORATION, ONE CAMPUS DRIVE, PARSIPPANY NJ 07840 |
Judith A Jarvis | officer: E.V.P., G.C. | 1550 MARKET STREET SUITE 425 DENVER CO 80202 |
Russell John Jester Jr | officer: C.E.O. | 1550 MARKET STREET SUITE 350 DENVER CO 80202 |
Gary Alan Kohn | officer: E.V.P., C.F.O. | 9540 SOUTH MAROON CIRCLE SUITE 300 ENGLEWOOD CO 80112 |
Paul Moerner | officer: Chief Accouting Officer | 1550 MARKET STREET #425 DENVER CO 80202 |
Nathan M. Troup | officer: E.V.P., C.F.O. | 1601 DRY CREEK DRIVE STE. 260 LONGMONT CO 80503 |
Harry Sladich | officer: E.V.P. Franchise Ops & Sales | 201 W NORTH RIVER DR. STE #100 SPOKANE WA 99201 |
Thomas L Mckeirnan | officer: E.V.P. & General Counsel | |
Amy Humpreys | director | 1550 MARKET STREET #350 DENVER CO 80202 |
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