Cracker Barrel Old Country Store (CBRL)

Cash ratio

		Aug 2, 2024	Jul 28, 2023	Jul 29, 2022	Jul 30, 2021	Jul 31, 2020
Cash and cash equivalents	US$ in thousands	12,035	25,147	45,105	144,593	436,996
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	454,207	488,966	502,324	465,262	451,056
Cash ratio		0.03	0.05	0.09	0.31	0.97

August 2, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($12,035K + $—K) ÷ $454,207K
= 0.03

The cash ratio of Cracker Barrel Old Country Store has displayed a declining trend over the past five years, decreasing from 0.97 in July 2020 to 0.03 in August 2024. This indicates a substantial reduction in the company's ability to cover its short-term liabilities with cash and cash equivalents. The declining cash ratio may suggest potential liquidity challenges for the company, as it has less cash available relative to its current liabilities. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's liquidity position and overall financial health.