The Cheesecake Factory (CAKE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 84,176 | 56,290 | 114,777 | 189,627 | 154,085 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 17,417 | 20,670 | 21,522 | 36,173 | 36,889 |
| Total current liabilities | US$ in thousands | 711,420 | 660,671 | 656,678 | 636,273 | 586,067 |
| Quick ratio | 0.14 | 0.12 | 0.21 | 0.35 | 0.33 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($84,176K
+ $—K
+ $17,417K)
÷ $711,420K
= 0.14
The quick ratio of The Cheesecake Factory has shown a varying trend over the past five years. In December 2020, the quick ratio was 0.33, and it increased slightly to 0.35 by December 2021. However, there was a significant decrease in the quick ratio to 0.21 by December 2022, indicating potential liquidity challenges. This trend continued in December 2023 with a further decrease to 0.12, suggesting a decreasing ability to meet short-term obligations with its most liquid assets. By December 2024, there was a slight improvement with the quick ratio rising to 0.14, but it still remains at a relatively low level compared to previous years. The fluctuating nature of the quick ratio highlights the importance of closely monitoring liquidity management within the company.
Peer comparison
Dec 31, 2024