The Chefs Warehouse Inc (CHEF)
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 114,655 | 50,705 | 38,340 | 42,266 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 425,396 | 429,113 | 399,534 | 359,867 | 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 |
| Cash ratio | 0.27 | 0.12 | 0.10 | 0.12 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($114,655K
+ $—K)
÷ $425,396K
= 0.27
The cash ratio of The Chefs Warehouse Inc has shown a declining trend over the past few years. The ratio, which measures the company's ability to cover its current liabilities with its cash and cash equivalents, has decreased from 1.66 as of June 30, 2020, to 0.27 as of December 31, 2024.
This downward trend indicates that the company may be facing challenges in maintaining sufficient liquid assets to meet its short-term obligations. A declining cash ratio could potentially signal liquidity issues or inefficiencies in managing cash resources.
It is important for investors and stakeholders to closely monitor the company's cash position and management's strategy for improving liquidity in order to ensure the financial health and stability of The Chefs Warehouse Inc.
Peer comparison
Dec 31, 2024