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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. FelCor Lodging Trust's current ratio for the quarter that ended in Jun. 2017 was 0.84.
FelCor Lodging Trust has a current ratio of 0.84. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If FelCor Lodging Trust has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for FelCor Lodging Trust's Current Ratio or its related term are showing as below:
During the past 13 years, FelCor Lodging Trust's highest Current Ratio was 50.13. The lowest was 0.43. And the median was 0.97.
The historical data trend for FelCor Lodging Trust'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.
FelCor Lodging Trust Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.01 | 0.98 | 0.64 | 0.75 | 0.83 |
FelCor Lodging Trust Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Current Ratio | Get a 7-Day Free Trial | 0.85 | 0.82 | 0.83 | 0.82 | 0.84 |
For the REIT - Hotel & Motel subindustry, FelCor Lodging Trust'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 REITs industry and Real Estate sector, FelCor Lodging Trust's Current Ratio distribution charts can be found below:
* The bar in red indicates where FelCor Lodging Trust'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.
FelCor Lodging Trust's Current Ratio for the fiscal year that ended in Dec. 2016 is calculated as
Current Ratio (A: Dec. 2016 ) | = | Total Current Assets (A: Dec. 2016 ) | / | Total Current Liabilities (A: Dec. 2016 ) |
= | 108.888 | / | 131.295 | |
= | 0.83 |
FelCor Lodging Trust's Current Ratio for the quarter that ended in Jun. 2017 is calculated as
Current Ratio (Q: Jun. 2017 ) | = | Total Current Assets (Q: Jun. 2017 ) | / | Total Current Liabilities (Q: Jun. 2017 ) |
= | 126.257 | / | 150.679 | |
= | 0.84 |
* 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.
FelCor Lodging Trust (NYSE:FCHPRA.PFD) 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 FelCor Lodging Trust's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven R Goldman | director | 777 WESTCHESTER AVENUE, C/O STARWOOD HOTELS & RESORTS WORLDWIDE, WHITEPLAIN NY 10604 |
Michael C. Hughes | officer: EVP, Chief Financial Officer | 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062 |
Jeffrey D Symes | officer: SVP, Chief Accounting Officer | 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062 |
Christopher J Hartung | director | 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062 |
Glenn A Carlin | director | 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062 |
Mark D Rozells | director | 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062 |
Patricia L Gibson | director | 545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062 |
Dana Hamilton | director | C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112 |
C Brian Strickland | director | 420 SOUTH ORANGE AVE, ORLANDO FL 32801 |
Thomas C Hendrick | director | 18716 WAINSBOROUGH LANE, DALLAS TX 75287 |
Robert F Cotter | director | C/O FELCOR LODGING TRUST INCORPORATED, 545 E. JOHN CARPENTER FREEWAY, #1300, IRVING TX 75062 |
Jonathan H Yellen | officer: Executive VP & Secretary | COMMONWEALTH HALL AT OLD PARKLAND, 3899 MAPLE AVENUE, SUITE 410, DALLAS TX 75219 |
Troy A Pentecost | officer: Executive Vice President | 545 EAST JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062 |
David C Kloeppel | director | C/O AMERICAN ADDICTION CENTERS, INC., 115 EAST PARK DRIVE, SECOND FLOOR, BRENTWOOD TN 37027 |
Richard Allen Smith | officer: CFO & Executive Vice President | 1950 STEMMONS FREEWAY STE 6001, DALLAS TX 75207 |
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