Chuy's Holdings Inc (CHUY)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 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
Cash and cash equivalents	US$ in thousands	67,774	69,863	82,624	82,598	78,028	84,126	96,258	89,713	106,621	105,107	113,547	97,258	86,817	77,775	67,237	28,023	10,074	10,476	11,752	7,345
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	48,766	47,750	45,211	43,487	44,358	43,042	43,232	39,376	42,372	42,611	47,684	44,821	43,318	41,831	41,238	32,267	36,199	37,032	39,463	32,304
Cash ratio		1.39	1.46	1.83	1.90	1.76	1.95	2.23	2.28	2.52	2.47	2.38	2.17	2.00	1.86	1.63	0.87	0.28	0.28	0.30	0.23

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 been fluctuating over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

Looking at the data provided, the cash ratio ranged from a low of 1.57 in Q4 2023 to a high of 2.39 in Q1 2022. The company's cash ratio peaked in the first two quarters of 2022 and has been gradually decreasing since then. It is worth noting that even at the lowest point in Q4 2023, the cash ratio remained above 1, indicating that Chuy's Holdings Inc is able to cover its current liabilities with its cash reserves.

Overall, the trend in the cash ratio suggests that the company has maintained a healthy level of liquidity over the past eight quarters. However, management should continue to monitor and manage their cash position to ensure they can meet their short-term obligations effectively in the future.