The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. CorePoint Lodging's Cash Ratio for the quarter that ended in Sep. 2021 was 0.29.
CorePoint Lodging has a Cash Ratio of 0.29. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for CorePoint Lodging's Cash Ratio or its related term are showing as below:
CPLG'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.17 Max: 0.89
Current: 0.29
During the past 6 years, CorePoint Lodging's highest Cash Ratio was 0.89. The lowest was 0.05. And the median was 0.17.
CPLG's Cash Ratio is not ranked
in the REITs industry.
Industry Median: 0.40
vs CPLG: 0.29
CorePoint Lodging Cash Ratio Historical Data
The historical data trend for CorePoint Lodging's Cash 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.
* Premium members only.
CorePoint Lodging Annual Data
Trend
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Cash Ratio
0.89
0.13
0.06
0.10
0.17
CorePoint Lodging Quarterly Data
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Cash Ratio
0.19
0.17
0.17
0.23
0.29
Competitive Comparison
For the REIT - Hotel & Motel subindustry, CorePoint Lodging'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.
CorePoint Lodging Cash Ratio Distribution
For the REITs industry and Real Estate sector, CorePoint Lodging's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CorePoint Lodging's Cash Ratio falls into.
CorePoint Lodging Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
CorePoint Lodging's Cash Ratio for the fiscal year that ended in Dec. 2020 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.
CorePoint Lodging (NYSE:CPLG) 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.
CorePoint Lodging Cash Ratio Related Terms
Thank you for viewing the detailed overview of CorePoint Lodging's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CorePoint Lodging Inc is a lodging real estate investment trust strategically focused on serving the midscale and upper-midscale select-service lodging segments. The company's portfolio includes over 209 hotels with around 27,800 rooms in locations in or near employment centers, airports, and major travel thoroughfares. The company primarily derives revenues from its hotel operations.
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