The Cheesecake Factory (CAKE)
Quick ratio
| Jan 31, 2025 | Dec 31, 2024 | Oct 31, 2024 | Sep 30, 2024 | Jul 31, 2024 | Jun 30, 2024 | Apr 30, 2024 | Mar 31, 2024 | Jan 31, 2024 | Dec 31, 2023 | Oct 31, 2023 | Sep 30, 2023 | Jul 31, 2023 | Jun 30, 2023 | Apr 30, 2023 | Mar 31, 2023 | Jan 31, 2023 | Dec 31, 2022 | Oct 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 84,176 | 84,176 | 52,215 | 52,215 | 40,654 | 40,654 | 60,220 | 60,220 | 56,290 | 56,290 | 63,987 | 63,987 | 91,557 | 91,557 | 116,164 | 116,164 | 114,777 | 114,777 | 133,157 | 133,157 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 16,600 | — | — | — |
| Receivables | US$ in thousands | — | 17,417 | — | 28,980 | — | 24,855 | — | 19,838 | — | 20,670 | — | 23,923 | — | 22,739 | — | — | — | 21,522 | — | 23,692 |
| Total current liabilities | US$ in thousands | 711,420 | 711,420 | 651,893 | 651,893 | 642,607 | 642,607 | 654,501 | 654,501 | 660,671 | 660,671 | 618,520 | 618,520 | 623,452 | 623,452 | 626,695 | 626,695 | 656,678 | 656,678 | 606,168 | 606,168 |
| Quick ratio | 0.12 | 0.14 | 0.08 | 0.12 | 0.06 | 0.10 | 0.09 | 0.12 | 0.09 | 0.12 | 0.10 | 0.14 | 0.15 | 0.18 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 | 0.26 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($84,176K
+ $—K
+ $—K)
÷ $711,420K
= 0.12
The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations.
Based on the data provided for The Cheesecake Factory, the quick ratio fluctuated over the period from September 30, 2022, to January 31, 2025, ranging from 0.06 to 0.26. The trend indicates a general decrease in the quick ratio over time, with some temporary fluctuations.
A quick ratio of 0.26 on September 30, 2022, suggests that the company had $0.26 in liquid assets available to cover every $1 of current liabilities. However, the quick ratio decreased to 0.12 on December 31, 2024, before slightly improving to 0.14 on January 31, 2025.
The decreasing trend in the quick ratio may indicate that The Cheesecake Factory may be facing challenges in maintaining sufficient liquid assets to meet its short-term obligations. It is essential for investors and analysts to closely monitor the quick ratio trend to assess the company's liquidity position and ability to cover short-term liabilities.
Peer comparison
Jan 31, 2025