The Chefs Warehouse Inc (CHEF)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 114,655 | 49,878 | 158,800 | 115,155 | 193,281 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 366,311 | 334,015 | 260,167 | 172,540 | 96,383 |
| Total current liabilities | US$ in thousands | 425,396 | 385,777 | 283,745 | 197,018 | 118,102 |
| Quick ratio | 1.13 | 1.00 | 1.48 | 1.46 | 2.45 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($114,655K
+ $—K
+ $366,311K)
÷ $425,396K
= 1.13
The quick ratio of The Chefs Warehouse Inc has exhibited a slight decline over the years, starting at 2.45 on December 31, 2020, and gradually decreasing to 1.46 as of December 31, 2021. However, there was a marginal improvement in the quick ratio to 1.48 as of December 31, 2022. Subsequently, there was a more significant decrease in the quick ratio to 1.00 by December 31, 2023. The ratio then slightly recovered to 1.13 by December 31, 2024.
Overall, The Chefs Warehouse Inc's quick ratio demonstrates varying levels of liquidity over the years, with a general trend of fluctuation. It is important for the company to closely monitor and manage its current assets and liabilities to ensure that it maintains a healthy liquidity position to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024