That is, pleural-fluid hematocrit is more than 50% of the simultaneous peripheral-blood hematocrit. Fishman's Pulmonary Diseases and Disorders, p. 16-95.
A bloody-looking effusion alone is not diagnostic. Pleural fluid can look like blood at a hematocrit as low as about 5%.
A pleural fluid hematocrit below 50% of blood hematocrit is a hemorrhagic pleural effusion, rather than a true hemothorax.
With dilution over time, some sources consider a ratio of 25% to 50% strongly suggestive of hemothorax in the right clinical setting.