BJs Restaurants Inc (BJRI)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	29,070	24,873	38,527	51,664	22,394
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	19,469	28,593	29,055	23,630	22,197
Total current liabilities	US$ in thousands	199,325	196,858	200,434	177,899	158,431
Quick ratio		0.24	0.27	0.34	0.42	0.28

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($29,070K + $—K + $19,469K) ÷ $199,325K
= 0.24

The quick ratio of BJ's Restaurants Inc has shown a decreasing trend over the last five years, declining from 0.28 in 2019 to 0.24 in 2023. This indicates a potential liquidity concern as the company's ability to cover its short-term obligations with its most liquid assets has weakened. A quick ratio below 1 suggests that BJ's Restaurants Inc may have difficulty meeting its immediate financial obligations. Management should closely monitor and address factors contributing to this declining trend in order to maintain a healthy liquidity position.