Hersha Hospitality Trust (HT) Quick Ratio

Price: $9.99
Market Cap: $482.85M
Avg Volume: 636.60K
Country: US
Industry: REIT - Hotel & Motel
Sector: Real Estate
Beta: 1.819
52W Range: $5.64-10.31
Website: Hersha Hospitality Trust

Hersha Hospitality Trust Quick Ratio

  • Annual: 3.29
  • Quarterly: 3.46
  • TTM: 3.46

What is the Quick Ratio?

The quick ratio, also known as the acid-test ratio, is a liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets. It excludes inventory from current assets, providing a more stringent measure than the current ratio.

Related Metrics

Other important metrics to assess Hersha Hospitality Trust's financial health include:

  • Current Ratio - measures the company's ability to pay short-term obligations with its short-term assets:
    • Annual: 3.05
    • Quarterly: 3.46
    • TTM: 3.46
  • Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
    • Annual: 2.87
    • Quarterly: 2.96
    • TTM: 2.96

These metrics provide insights into Hersha Hospitality Trust's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Annual Quick Ratio

3.29

Quarterly Quick Ratio

3.46

TTM Quick Ratio

3.46

Hersha Hospitality Trust Historical Quick Ratio
4.004.003.003.002.002.001.001.000.000.00Quick Ratio20142014201520152016201620172017201820182019201920202020202120212022202220232023
Historical Current Ratio
4.004.003.003.002.002.001.001.000.000.00Current Ratio20142014201520152016201620172017201820182019201920202020202120212022202220232023
Historical Cash Ratio
3.003.002.002.001.001.000.000.00Cash Ratio20142014201520152016201620172017201820182019201920202020202120212022202220232023

Hersha Hospitality Trust Historical Ratios

The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2022.

Year Quick Ratio Current Ratio Cash Ratio
2022 3.29 3.05 2.87
2021 0.57 0.57 0.43
2020 0.73 0.67 0.09
2019 0.49 0.46 0.24
2018 0.66 0.55 0.33
2017 0.64 0.64 0.20
2016 2.25 2.25 1.30
2015 0.61 0.61 0.25
2014 0.69 0.69 0.27
2013 1.47 1.47 0.34

Related Metrics

Explore detailed financial metrics and analysis for HT.

Financial Analysis
Financial Statements Stock Forecast Price Target Technical Analysis Stock Splits Employee Count
Company Intelligence
Ownership Insider Trading SEC Filings Congress Trading News Earnings Call Transcripts
Income & Revenue
Earnings Revenue Revenue Growth Profit Net Income Profit Margin EBITDA Free Cash Flow Revenue Segments
Valuation
Valuation Market Cap Enterprise Value P/E Ratio PEG Ratio P/S Ratio P/B Ratio Book Value
Returns & Ratios
ROIC ROE ROA Current Ratio Quick Ratio Debt/Equity Ratio Earnings Per Share
Balance Sheet
Assets Debt Cash On Hand Shares Outstanding
Dividends
Dividends Dividend Yield Payout Ratio