BJs Restaurants Inc (BJRI)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	29,070	11,965	6,053	29,298	24,873	19,179	37,761	27,201	38,527	59,815	87,975	90,247	51,664	64,924	86,741	80,309	22,394	24,373	23,376	25,673
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	199,325	182,681	183,881	189,548	196,858	184,845	191,543	185,689	200,434	174,761	196,195	180,777	177,899	163,505	162,707	138,765	158,431	144,869	156,239	147,894
Cash ratio		0.15	0.07	0.03	0.15	0.13	0.10	0.20	0.15	0.19	0.34	0.45	0.50	0.29	0.40	0.53	0.58	0.14	0.17	0.15	0.17

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 shown fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.

In the most recent quarter, the cash ratio was 0.15. This indicates that the company had $0.15 in cash and cash equivalents for every dollar of its current liabilities.

The company's cash ratio has varied significantly, ranging from a low of 0.03 to a high of 0.58 over the past year, with the highest value observed in the first quarter of 2020.

A higher cash ratio is generally preferred as it signifies a stronger ability to meet short-term obligations without relying on external financing. BJs Restaurants Inc should monitor its cash ratio closely to ensure it maintains a healthy level of liquidity to navigate any unforeseen challenges or opportunities in the future.