BJs Restaurants Inc (BJRI)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 26,096 | 18,422 | 16,185 | 18,820 | 29,070 | 11,965 | 6,053 | 29,298 | 24,873 | 19,179 | 37,761 | 27,201 | 38,527 | 59,815 | 87,975 | 90,716 | 54,012 | 64,924 | 86,741 | 80,309 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 196,309 | 183,140 | 171,754 | 186,554 | 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 |
| Cash ratio | 0.13 | 0.10 | 0.09 | 0.10 | 0.15 | 0.07 | 0.03 | 0.15 | 0.13 | 0.10 | 0.20 | 0.15 | 0.19 | 0.34 | 0.45 | 0.50 | 0.30 | 0.40 | 0.53 | 0.58 |
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 measures the company's ability to pay off its current liabilities using only its cash and cash equivalents. It is calculated by dividing the cash and cash equivalents by the current liabilities.
Based on the historical data provided:
- The cash ratio declined from 0.58 on March 31, 2020, to 0.10 on September 30, 2022, indicating a decreasing ability to cover its short-term obligations with available cash.
- The ratio showed some fluctuations over the years, with a slight increase to 0.50 on March 31, 2021, followed by a decrease to 0.03 on June 30, 2023.
- The cash ratio varied between 0.03 and 0.58 during the period, showing inconsistency in the company's cash position relative to its current liabilities.
- The ratio improved slightly to 0.13 on December 31, 2024, compared to the low point in June 30, 2023, but remained relatively low overall.
Overall, BJs Restaurants Inc exhibited a fluctuating cash ratio trend over the period, indicating potential challenges in managing its short-term liquidity needs solely through its cash resources. Investors and stakeholders may need to monitor this ratio closely to assess the company's liquidity position.
Peer comparison
Dec 31, 2024