The Chefs Warehouse Inc (CHEF)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 868,043 | 792,314 | 740,549 | 692,688 | 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 |
| 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 |
| Current ratio | 2.04 | 1.85 | 1.85 | 1.92 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $868,043K ÷ $425,396K
= 2.04
The current ratio of The Chefs Warehouse Inc has shown a gradual decline over the past few years, from 3.54 as of June 30, 2020, to 2.04 as of December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has weakened over time. A current ratio above 1 typically suggests the company is able to cover its current liabilities, but the downward trend in The Chefs Warehouse Inc's current ratio may raise concerns about its liquidity and ability to pay off its short-term debts. It would be important for the company to closely monitor its working capital management and cash flow to ensure it can meet its financial obligations in the near term.
Peer comparison
Dec 31, 2024