Chuy's Holdings Inc (CHUY)

Current 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
Total current assets	US$ in thousands	80,370	80,530	93,943	91,215	87,818	92,453	107,007	98,689	114,464	113,424	121,157	103,516	94,561	84,236	76,361	36,222	16,783	20,491	22,340	17,470
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
Current ratio		1.65	1.69	2.08	2.10	1.98	2.15	2.48	2.51	2.70	2.66	2.54	2.31	2.18	2.01	1.85	1.12	0.46	0.55	0.57	0.54

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $80,370K ÷ $48,766K
= 1.65

Based on the current ratio data provided for Chuy`s Holdings Inc over the last eight quarters, we observe fluctuations in the company's current ratio. The current ratio is a measure of the company's ability to meet its short-term financial obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

In Q1 2022, the current ratio was 2.51, demonstrating a robust ability to cover short-term liabilities with current assets. However, we see a decrease in the current ratio in subsequent quarters, with the ratio gradually declining to 1.65 in Q4 2023. This decrease suggests a potential weakening of the company's liquidity position over time.

It is worth noting that, despite the fluctuations, the current ratio has generally remained above 1, indicating that the company has sufficient current assets to cover its short-term liabilities throughout the observed period. Nevertheless, the declining trend warrants further investigation to understand the factors contributing to the decrease in the current ratio and assess the overall financial health of Chuy`s Holdings Inc.