BJs Restaurants Inc (BJRI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 26,096 | 29,070 | 24,873 | 38,527 | 54,012 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 196,309 | 199,325 | 196,858 | 200,434 | 177,899 |
| Cash ratio | 0.13 | 0.15 | 0.13 | 0.19 | 0.30 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($26,096K
+ $—K)
÷ $196,309K
= 0.13
The cash ratio of BJs Restaurants Inc has shown a declining trend over the past five years. It decreased from 0.30 in December 2020 to 0.13 in December 2024. This indicates that the company's ability to cover its short-term liabilities with cash and cash equivalents has weakened over the period. While the ratios above 1 are generally considered healthy, the decreasing trend in BJs Restaurants Inc's cash ratio may raise concerns about its liquidity position and ability to meet its obligations in the short term. Further analysis of the company's cash management practices and overall financial health would be warranted to fully assess its liquidity position.
Peer comparison
Dec 31, 2024