BJs Restaurants Inc (BJRI)

Quick ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	29,070	11,965	6,053	29,298	24,873	19,179	37,761	27,201	38,527	59,815	87,975	90,247	51,664	64,924	86,741	80,309	22,394	24,373	23,376	25,673
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	19,469	18,385	33,091	19,849	28,593	19,874	22,827	24,108	29,055	24,433	25,062	23,802	23,630	13,964	15,492	13,503	22,197	15,896	17,714	15,440
Total current liabilities	US$ in thousands	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	158,431	144,869	156,239	147,894
Quick ratio		0.24	0.17	0.21	0.26	0.27	0.21	0.32	0.28	0.34	0.48	0.58	0.63	0.42	0.48	0.63	0.68	0.28	0.28	0.26	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 BJs Restaurants Inc has fluctuated over the past years, ranging from a low of 0.17 to a high of 0.68. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.

In recent quarters, the quick ratio has generally been on the lower side, with values below 0.3. This suggests that BJs Restaurants Inc may have limited liquid assets relative to its current liabilities, which could potentially pose liquidity challenges.

It is important for investors and analysts to monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to cover short-term obligations without relying heavily on inventory or other less liquid assets.