BJs Restaurants Inc (BJRI)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	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
Quick 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

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($26,096K + $—K + $—K) ÷ $196,309K
= 0.13

The quick ratio of BJs Restaurants Inc has shown a declining trend over the past few years, indicating a potential liquidity issue. Starting at 0.58 on March 31, 2020, the quick ratio decreased to 0.10 by September 30, 2022, before recovering slightly to 0.15 on March 31, 2023. However, the ratio dropped significantly to 0.03 on June 30, 2023. This could suggest a difficulty in covering its short-term obligations with its most liquid assets.

While there was a slight improvement to 0.15 by December 31, 2023, followed by slight fluctuations, the quick ratio remained relatively low, hovering around 0.10 to 0.13 until December 31, 2024. This low ratio may indicate that BJs Restaurants Inc is struggling to meet its short-term liabilities with its quick assets, which may raise concerns about its ability to withstand unforeseen financial challenges or emergencies.