The Chefs Warehouse Inc (CHEF)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 23, 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 49,878 | 33,058 | 59,592 | 91,742 | 158,800 | 145,425 | 51,806 | 79,439 | 115,155 | 134,217 | 146,920 | 175,000 | 193,281 | 208,545 | 201,824 | 193,517 | 140,233 | 21,479 | 24,294 | 17,317 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 385,777 | 350,218 | 333,433 | 304,228 | 283,745 | 236,890 | 230,929 | 194,171 | 197,018 | 183,902 | 175,883 | 129,834 | 118,102 | 135,143 | 121,669 | 152,430 | 150,151 | 138,350 | 139,238 | 127,831 |
| Cash ratio | 0.13 | 0.09 | 0.18 | 0.30 | 0.56 | 0.61 | 0.22 | 0.41 | 0.58 | 0.73 | 0.84 | 1.35 | 1.64 | 1.54 | 1.66 | 1.27 | 0.93 | 0.16 | 0.17 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($49,878K
+ $—K)
÷ $385,777K
= 0.13
The cash ratio of The Chefs Warehouse Inc has fluctuated over the past few years, ranging from a low of 0.09 to a high of 1.66. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
The trend in the cash ratio indicates that the company's liquidity position has varied significantly during the periods under review. A higher cash ratio suggests that the company has more cash on hand relative to its short-term obligations, indicating a stronger liquidity position. Conversely, a lower cash ratio indicates a potential liquidity risk if the company faces unexpected financial obligations or challenges.
Overall, it is essential for investors and stakeholders to closely monitor The Chefs Warehouse Inc's cash ratio to assess its short-term liquidity and ability to meet financial obligations as they come due.
Peer comparison
Dec 31, 2023