BJs Restaurants Inc (BJRI)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 29,070 | 24,873 | 38,527 | 51,664 | 22,394 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 199,325 | 196,858 | 200,434 | 177,899 | 158,431 |
| Cash ratio | 0.15 | 0.13 | 0.19 | 0.29 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($29,070K
+ $—K)
÷ $199,325K
= 0.15
The cash ratio of BJs Restaurants Inc has fluctuated over the past five years. It decreased from 0.29 in 2020 to 0.14 in 2019 and then increased to 0.19 in 2021 before dropping again to 0.13 in 2022. In the most recent period of December 31, 2023, the cash ratio slightly improved to 0.15. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger ability to meet short-term obligations without relying on external financing. It is important for investors and creditors to monitor this ratio over time to assess BJs Restaurants Inc's liquidity position and financial health.
Peer comparison
Dec 31, 2023