BJs Restaurants Inc (BJRI)

Current 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
Total current assets	US$ in thousands	79,565	64,468	60,050	65,645	83,021	11,965	6,053	77,193	82,258	61,797	81,548	73,590	90,815	101,852	87,975	133,218	95,290	93,375	119,505	112,580
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
Current ratio		0.41	0.35	0.35	0.35	0.42	0.07	0.03	0.41	0.42	0.33	0.43	0.40	0.45	0.58	0.45	0.74	0.54	0.57	0.73	0.81

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $79,565K ÷ $196,309K
= 0.41

The current ratio of BJ's Restaurants Inc has shown fluctuations over the years, with a decreasing trend since March 31, 2020. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, was 0.81 as of March 31, 2020, indicating that the company had $0.81 in current assets for every dollar of current liabilities.

However, the ratio declined to 0.35 as of June 30, 2024, reaching a low point in the analyzed period. This indicates that the company's liquidity position weakened significantly during this time frame. An abrupt decrease in the current ratio, such as the drop from 0.58 on September 30, 2021, to 0.45 on December 31, 2021, may be a cause for concern as it could signal difficulties in meeting short-term obligations.

It is important for investors and creditors to closely monitor BJ's Restaurants Inc's current ratio to assess the company's liquidity and short-term financial health. The downward trend in the current ratio suggests that the company may be facing challenges in managing its current assets and liabilities efficiently. Further analysis of the company's financial statements and operational performance is recommended to better understand the factors contributing to the fluctuations in the current ratio.