LaSalle Hotel Properties has a Cash Ratio of 1.56. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for LaSalle Hotel Properties's Cash Ratio or its related term are showing as below:
LHO's Cash Ratio is not ranked *
in the REITs industry.
Industry Median: 0.415 * Ranked among companies with meaningful Cash Ratio only.
LaSalle Hotel Properties Cash Ratio Historical Data
* 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.
Competitive Comparison of LaSalle Hotel Properties's Cash Ratio
For the REIT - Hotel & Motel subindustry, LaSalle Hotel Properties's Cash Ratio, along with its competitors' market caps and Cash 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.
LaSalle Hotel Properties's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, LaSalle Hotel Properties's Cash Ratio distribution charts can be found below:
* The bar in red indicates where LaSalle Hotel Properties's Cash Ratio falls into.
LaSalle Hotel Properties Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
LaSalle Hotel Properties's Cash Ratio for the fiscal year that ended in Dec. 2017 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.
LaSalle Hotel Properties (NYSE:LHO) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
LaSalle Hotel Properties Cash Ratio Related Terms
Thank you for viewing the detailed overview of LaSalle Hotel Properties's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
LaSalle Hotel Properties (LaSalle Hotel Properties) Business Description
LaSalle Hotel Properties is a real estate investment trust that primarily buys, owns, redevelops, and leases upscale and luxury full-service hotels. These hotels are located in convention, resort, and major urban business markets in certain states across the United States. The primary urban markets include Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, Seattle, and Washington, DC. The company's assets are held by and managed through LaSalle Hotel Operating Partnership, L.P. The firm is the sole general partner of the operating partnership. The company derives its income from its hotel operating revenue, its only segment.
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