The Chefs Warehouse Inc (CHEF)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 730,943 | 721,617 | 713,619 | 696,841 | 720,860 | 591,496 | 477,952 | 438,676 | 469,960 | 456,498 | 439,582 | 398,904 | 405,662 | 438,772 | 431,287 | 492,693 | 453,156 | 325,438 | 316,997 | 295,196 |
| 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 |
| Current ratio | 1.89 | 2.06 | 2.14 | 2.29 | 2.54 | 2.50 | 2.07 | 2.26 | 2.39 | 2.48 | 2.50 | 3.07 | 3.43 | 3.25 | 3.54 | 3.23 | 3.02 | 2.35 | 2.28 | 2.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $730,943K ÷ $385,777K
= 1.89
The current ratio of The Chefs Warehouse Inc has shown some fluctuation over the past several quarters, ranging from a low of 1.89 to a high of 3.54. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates better liquidity and financial health, as the company has more current assets to cover its short-term obligations.
The company's current ratio has generally remained above 2 in recent quarters, indicating a healthy liquidity position. A current ratio above 2 suggests that the company is able to comfortably meet its short-term obligations. However, the current ratio has shown some variability, with peaks and troughs observed throughout the periods analyzed.
It is important to interpret the current ratio in conjunction with other financial metrics and industry benchmarks to get a comprehensive view of the company's financial health. Overall, the current ratio of The Chefs Warehouse Inc reflects a generally strong liquidity position, although some fluctuations should be monitored to ensure ongoing financial stability.
Peer comparison
Dec 31, 2023