Chuy's Holdings Inc (CHUY)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 80,370 | 87,818 | 114,464 | 94,561 | 16,783 |
| Total current liabilities | US$ in thousands | 48,766 | 44,358 | 42,372 | 43,318 | 36,199 |
| Current ratio | 1.65 | 1.98 | 2.70 | 2.18 | 0.46 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $80,370K ÷ $48,766K
= 1.65
The current ratio of Chuy`s Holdings Inc has fluctuated over the past five years, ranging from 0.46 in 2019 to 2.70 in 2021. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.
In 2023, the current ratio stands at 1.65, which indicates that the company has $1.65 in current assets for every $1 in current liabilities. While the current ratio has decreased from the previous year, it still reflects a healthy liquidity position. However, it is essential to monitor the trend in the current ratio over time to assess the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2023