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.
Peer comparison
Dec 31, 2023