The Cheesecake Factory (CAKE)

Cash 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 and cash equivalents	US$ in thousands	84,176	52,215	40,654	60,220	56,290	63,987	91,557	116,164	114,777	133,157	194,891	183,556	189,627	131,030	161,768	181,345	154,085	243,768	250,155	81,023
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	711,420	651,893	642,607	654,501	660,671	618,520	623,452	626,695	656,678	606,168	623,504	594,436	636,273	557,108	597,152	557,957	586,067	540,377	532,672	507,126
Cash ratio		0.12	0.08	0.06	0.09	0.09	0.10	0.15	0.19	0.17	0.22	0.31	0.31	0.30	0.24	0.27	0.33	0.26	0.45	0.47	0.16

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($84,176K + $—K) ÷ $711,420K
= 0.12

The cash ratio of The Cheesecake Factory indicates the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.

From March 31, 2020, to December 31, 2024, the cash ratio fluctuated between 0.06 and 0.47. The ratio peaked at 0.47 on June 30, 2020, indicating a significant increase in the company's cash position relative to its current liabilities. However, the ratio showed a decreasing trend after that, reaching its lowest point of 0.06 on June 30, 2024.

Overall, the cash ratio of The Cheesecake Factory exhibits variability over the period, with some fluctuations suggesting potential challenges in maintaining a high level of cash reserves relative to its short-term obligations. Investors and stakeholders may closely monitor this ratio to assess the company's liquidity position and ability to meet its immediate financial obligations.