BJs Restaurants Inc (BJRI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.81 | 2.77 | 2.70 | 2.78 | 3.34 | 2.87 | 2.84 | 2.97 | 3.03 | 3.00 | 3.03 | 3.02 | 3.10 | 3.10 | 3.19 | 3.33 | 3.61 | 3.45 | 3.52 | 4.09 |
BJs Restaurants Inc has consistently maintained very healthy solvency ratios over the past several years.
The Debt-to-assets ratio has remained at 0.00 throughout the period, indicating that the company does not rely on debt to finance its assets. This suggests a strong financial position with minimal risk of insolvency.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also been consistently at 0.00 across all periods, indicating that the company's capital structure is not burdened by excessive debt. This reflects a favorable position in terms of financial leverage and a low risk of financial distress.
The Financial leverage ratio has shown a decreasing trend over the years, starting at 4.09 in March 2020 and reaching a low of 2.70 in June 2024. This indicates that the company has been reducing its reliance on debt to finance its operations, resulting in a stronger financial position and improved solvency.
Overall, the solvency ratios of BJs Restaurants Inc suggest a strong and stable financial position, with low debt levels and a healthy capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.51 | 4.72 | 4.91 | 4.06 | 3.45 | 4.38 | 2.10 | -2.29 | -9.78 | -18.62 | -16.59 | -11.05 | -9.31 | -7.15 | -6.30 | -10.72 | -9.34 | -5.84 | -3.51 | 6.07 |
The interest coverage ratio of BJs Restaurants Inc provides insights into the company's ability to meet its interest obligations with its operating income. A ratio below 1 indicates that the company is unable to meet its interest expenses with its current earnings.
Based on the data provided:
- The interest coverage ratio was negative for most of the quarters up to March 2024, indicating that operating income was insufficient to cover interest expenses.
- The ratio improved significantly from March 2023 to March 2024, turning positive, indicating a better ability to cover interest expenses with operating income.
- The trend shows a gradual improvement in the interest coverage ratio, suggesting a positive direction in the company's financial health.
Overall, BJs Restaurants Inc struggled with interest coverage in the past but has shown signs of improvement in recent quarters, which is a positive development indicating enhanced financial stability. Continued monitoring of this ratio is advisable to ensure sustained improvement in the company's ability to cover interest expenses.