Morgans Hotel Group Company (MHGC)
Add to Watchlists Create an AlertMorgans Hotel Group Company Current Ratio:
0.837 for March 31, 2013Morgans Hotel Group Company Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| March 31, 2013 | 0.837 |
| Dec. 31, 2012 | 0.7775 |
| Sept. 30, 2012 | 0.9847 |
| June 30, 2012 | 0.8563 |
| March 31, 2012 | 0.8431 |
| Dec. 31, 2011 | 0.7437 |
| Sept. 30, 2011 | 1.106 |
| June 30, 2011 | 2.038 |
| March 31, 2011 | 3.366 |
| Dec. 31, 2010 | 3.453 |
| Sept. 30, 2010 | 1.874 |
| June 30, 2010 | 2.548 |
| March 31, 2010 | 2.443 |
| Dec. 31, 2009 | 2.899 |
| Sept. 30, 2009 | 2.806 |
| June 30, 2009 | 4.131 |
| March 31, 2009 | 2.837 |
| Dec. 31, 2008 | 2.162 |
| Sept. 30, 2008 | 7.487 |
| June 30, 2008 | 5.422 |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
| Sept. 30, 2007 | Go Pro |
| June 30, 2007 | Go Pro |
| March 31, 2007 | Go Pro |
| Dec. 31, 2006 | Go Pro |
| Sept. 30, 2006 | Go Pro |
| June 30, 2006 | Go Pro |
| March 31, 2006 | Go Pro |
| Dec. 31, 2005 | Go Pro |
| Sept. 30, 2005 | Go Pro |
| June 30, 2005 | Go Pro |
| March 31, 2005 | Go Pro |
About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.
A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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MHGC Current Ratio Benchmarks
| Companies | |
|---|---|
| Starwood Hotels & Resorts Worldwide | 1.045 |
| Red Lion Hotels Corporation | 0.5966 |
| China Lodging Group | 0.8634 |
MHGC Current Ratio Rankings
| Overall |
44th percentile 4185 of 7600 |
| Sector |
18th percentile 549 of 674 in Consumer Cyclical |
| Industry |
23rd percentile 10 of 13 in Lodging |
MHGC Current Ratio Range, Past 5 Years
| Minimum | 0.7437 | Dec 2011 |
| Maximum | 7.487 | Sep 2008 |
| Average | 2.481 |
