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Sunstone Hotel Investors Quick Ratio

: 1.38 (As of Jun. 2022)
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Sunstone Hotel Investors's quick ratio for the quarter that ended in Jun. 2022 was 1.38.

Sunstone Hotel Investors has a quick ratio of 1.38. It generally indicates good short-term financial strength.

The historical rank and industry rank for Sunstone Hotel Investors's Quick Ratio or its related term are showing as below:

SHO' s Quick Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.7   Max: 7.05
Current: 1.38

During the past 13 years, Sunstone Hotel Investors's highest Quick Ratio was 7.05. The lowest was 0.44. And the median was 1.70.

SHO's Quick Ratio is ranked better than
61.93% of 704 companies
in the REITs industry
Industry Median: 0.95 vs SHO: 1.38

Sunstone Hotel Investors Quick Ratio Historical Data

The historical data trend for Sunstone Hotel Investors's Quick 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.

Sunstone Hotel Investors Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.90 2.81 4.79 1.61

Sunstone Hotel Investors Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.14 1.28 1.61 1.23 1.38

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors's Quick Ratio, along with its competitors' market caps and Quick 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.

   

Sunstone Hotel Investors Quick Ratio Distribution

For the REITs industry and Real Estate sector, Sunstone Hotel Investors's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sunstone Hotel Investors's Quick Ratio falls into.



Sunstone Hotel Investors Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Sunstone Hotel Investors's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(282.096-0)/175.758
=1.61

Sunstone Hotel Investors's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(209.228-0)/151.888
=1.38

* 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.


Sunstone Hotel Investors  (NYSE:SHO) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Sunstone Hotel Investors Quick Ratio Related Terms

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Sunstone Hotel Investors Business Description

Sunstone Hotel Investors logo
Address
200 Spectrum Center Drive, 21st Floor, Irvine, CA, USA, 92618
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. The firm's portfolio consists primarily of urban, upper-upscale hotels. The vast majority of these hotels are managed under Marriott, Hilton, Fairmont, and Sheraton brands. Regionally, the company's assets are located in its California, Other West, Midwest, and East geographical segments within the U.S. The majority of the company's revenue is derived from its Eastern operations, closely followed by its Californian operations. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.
Executives
Reyes Aaron Robert officer: Chief Financial Officer 200 SPECTRUM CENTER DRIVE 21ST FLOOR IRVINE CA 92618
Mims Verett Ann director 200 SPECTRUM CENTER DRIVE 21ST FLOOR IRVINE CA 92618
Leslie Kristina M director DREAMWORKS ANIMATION SKG, INC. 1000 FLOWER STREET GLENDALE CA 91201
Ostapovicz Christopher Gerard officer: Chief Operating Officer 200 SPECTRUM CENTER DRIVE 21ST FLOOR IRVINE CA 92618
Digilio Monica S director ONE CAESARS PALACE DRIVE LAS VEGAS NV 89109
Klein David M officer: SVP - General Counsel 200 SPECTRUM CENTER DRIVE SUITE 2100 IRVINE CA 92618
Baird W Blake director 1411 SAND ISLAND PARKWAY HONOLULU HI 96819
Mccabe Murray J. director 1170 PEACHTREE STREET NE SUITE 600 ATLANTA GA 30309
Sloan David Ryan officer: SVP- General Counsel 120 VANTIS SUITE 350 ALISO VIEJO CA 92656
Monge Lindsay Newton officer: SVP - Treasurer & Secretary 120 VANTIS SUITE 350 ALISO VIEJO CA 92656
Giglia Bryan Albert officer: SVP - Chief Financial Officer 200 SPECTRUM CENTER DRIVE 21ST FLOOR IRVINE CA 92618
Springer Robert C officer: SVP - Acquisitions 200 SPECTRUM CENTER DRIVE SUITE 2100 IRVINE CA 92618
Batinovich Andrew director 200 SPECTRUM CENTER DRIVE SUITE 2100 IRVINE CA 92618
Pasquale Douglas M director 245 FICHER AVE STE D-1 COSTA MESA CA 92626
Arabia John V officer: Executive Vice President - CFO 200 SPECTRUM CENTER DRIVE SUITE 2100 IRVINE CA 92618

Sunstone Hotel Investors Headlines

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