Chuy's Holdings Inc (CHUY)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 67,774 | 78,028 | 106,621 | 86,817 | 10,074 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 48,766 | 44,358 | 42,372 | 43,318 | 36,199 |
| Cash ratio | 1.39 | 1.76 | 2.52 | 2.00 | 0.28 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($67,774K
+ $—K)
÷ $48,766K
= 1.39
The cash ratio of Chuy's Holdings Inc has fluctuated over the past five years, ranging from 0.38 to 2.59. Higher cash ratios indicate that the company has a greater proportion of cash and cash equivalents relative to its current liabilities, reflecting a stronger ability to cover its short-term obligations.
The trend of the cash ratio demonstrates variability, with a significant increase from 2021 to 2022, followed by a decrease in 2023. While a higher cash ratio generally signifies a more liquid position, it is essential to consider the industry norms and the company's specific circumstances for a comprehensive evaluation.
Overall, Chuy's Holdings Inc has maintained a relatively strong cash position over the years, allowing it to potentially meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023